Global sales of personal luxury goods are forecast to shrink next year for the first time since the Great Recession in 2008 ...

Burberry is rejuvenating its brand by emphasizing classic outerwear over leather goods, with innovations like 'scarf bars' in ...

Global luxury goods sales are projected to decline in 2025 for the first time since the 2008 recession, according to a Bain ...

LVMH reported 3Q2024 ended down 3%, with Asia off 16% and Fashion & Leather Goods down 5%. LVMH called it a cyclical downturn but it may be bellwether of worse ahead.

Though many luxury brands are experiencing a slowdown, Hermès has managed to come out on top. Demand has only gone up for Hermès’s leather goods, such as the famed Birkin and Kelly handbags, with ...