Luxury news and archive

Global Luxury Retail Report 2025: More openings, rents rise again

The latest Savills Global Luxury Retail 2025 Report shows that global luxury retail continued to withstand economic challenges, with core markets experiencing strong rental growth in 2024. Prime rents increased or remained stable in over 75 percent of the 21 regions surveyed. After the number of new openings slowed in 2023, this trend reversed...

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Louis Vuitton raises U.S. handbag prices amid tariff concerns

Louis Vuitton has quietly raised the prices of several handbags in the United States— a move analysts interpret as a preemptive response to the threat of U.S. tariffs on European imports. The adjustment comes on the heels of Hermès’ announcement earlier this month that it will implement a 10 per cent price increase. According to a recent price...

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How TikTok is disrupting the luxury handbag market

A curious phenomenon is unfolding on TikTok, where videos of “luxury handbags” straight from Chinese factories are racking up millions of views. On the surface, these clips are merely the latest in a long line of viral content. But beneath the algorithm-driven virality lies a more disquieting reality for the global fashion industry:...

Fashion |Opinion

How jewellers are navigating gold's pricing surge

As gold trades at an all-time high of 3,500 dollars an ounce—soaring more than 30 percent this year—jewellery designers are finding themselves in a precarious position between creative integrity and commercial survival. The surge, spurred by global economic uncertainty and a surge in safe-haven investing, comes at a time when gold’s symbolic...

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U.S. retail braces for tariff disruption as consumers pull forward demand

Fashion and retail professionals are watching closely as fresh U.S. tariff threats begin to ripple through consumer behavior and supply chain strategy. Recent visitation data from Placer.ai suggests that the industry is already feeling the effects. According to Placer.ai, foot traffic in the week of March 24–30, surged at warehouse clubs and...

Fashion |Opinion Featured

Louis Vuitton is navigating an evolving global luxury landscape

After years of riding high on the back of strong international demand and an unwavering brand ethos, Louis Vuitton finds itself at a strategic inflection point. The French luxury powerhouse, a key pillar of LVMH, is contending with a confluence of macroeconomic pressures and evolving consumer behaviours that threaten to recalibrate the dynamics...

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Couture up close: hand-embroidered creations by Indian designer Rahul Mishra

Indian designer Rahul Mishra needs no introduction: His hand-embroidered designs draw from the natural world and transform into fantasy creations. He was the first Indian designer to win the International Woolmark Prize in 2014 at Milan Fashion Week and to be invited to showcase at the Haute Couture Week in Paris in 2020. He has garnered...

Retail|Interview Featured

Beyond the rack: How Onefifteen’s buyer is shaping its lifestyle-driven vision in Taiwan

In the heart of Taipei’s Da’an district, the flagship store of Onefifteen exists as somewhat of a florally-infused oasis within a metropolitan backdrop. The luxury multibrand retailer sits in the foundations of a historic 1950s building, renovated to both retain its background and modernise this antiquity for a string of dedicated consumers that...

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First Q1 performances of luxury fashion companies impacted by Trump tariffs and geopolitical tensions

Financial news of the week: Trump Tariffs, Geopolitical Tensions Hit Luxury Sector The first financial results of Q1 2025, reported this week, show that trade tensions and geopolitical uncertainty are weighing on the performance of key luxury fashion groups. First Q1 results reveal slowdown across major fashion houses LVMH posted a 3 percent...

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LVMH’s Q1 sales drop highlights luxury is under pressure

LVMH, the world’s largest luxury conglomerate and a barometer for the broader industry, reported a 5 per cent decline in earnings from its fashion and leather goods division in the first quarter, casting a long shadow over what was expected to be a year of cautious recovery. The French giant’s challenges may well extend into the second quarter,...

Fashion Featured

Prada buying Versace buy is a win-win for Italian luxury

When Prada this week confirmed its acquisition of Versace for 1.25bn euros it was both a business transaction as much as a symbolic repatriation of Italian heritage. As the dominance of French conglomerates LVMH and Kering has become the established order in luxury fashion—owning Italian crown jewels from Fendi to Gucci—the Prada Group's...

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London leads as Europe’s style and wellness capital, new study finds

A new pan-European analysis from beauty brand Catrice has cast a data-driven spotlight on the shifting intersection of fashion, beauty, and wellness across the continent — with London emerging as Europe’s definitive style capital, combining a high density of beauty services, wellness interest, and social media clout. The study, which evaluated...