Luxury Daily
The authority in luxury news.
Nov. 16, 2024
  1. Authentic announces Barneys New York Residences in Tulum
  2. Genesis House presents winter light installation
  3. Louis Vuitton goes big with temporary NYC store
  4. Alexandre Arnault named CEO of wines, spirits division at LVMH
  5. Vestiaire Collective partners with influencers to combat fast fashion
  6. Off the Cuff: A Q&A with Natura Bissé's Patricia Fisas
  7. JLR announces all models will soon feature FSC-certified tires
  8. Moët & Chandon, US Tennis Association reinstate partnership
  9. Baccarat Hotel New York's Guia Llamas: Luxury Woman to Watch 2023
  10. Dior creates ceremonial window displays from scratch, with scraps, for upcycled exhibition
Comment
  • Email
  • Print
  • Reprints
  • ARTICLE TOOLS SPONSOR

News briefs

Day’s wrap: New York, Kering, Bentley and Tiffany

March 20, 2020

New York New York at sunset

 

By Luxury Daily News Service

Luxury Daily's live news: 

New York, big domino of luxury, falls silent
The city that accounts for an estimated one-third of all luxury spending via retail, tourism and real estate is now effectively locked down starting March 22.

Please click here to read the article

Kering estimates Q1 revenue to drop 13-14pc over COVID-19 fallout
The owner of fashion houses such as Gucci, Bottega Veneta and Saint Laurent said the second-quarter revenue will be sharply impacted by the effect of the COVID-19 coronavirus pandemic on local clients and tourist traffic.

Please click here to read the article

Bentley Motors halts production at plant headquarters as COVID-19 precaution
British automaker Bentley Motors has suspended production of vehicles at its Crewe, England-based factory headquarters for four weeks, falling in line with other car companies that are taking precautions against the spread of the COVID-19 coronavirus.

Please click here to read the article

Tiffany Q4 sales up 3pc to $1.4B, fiscal 2019 revenue down 1pc to $4.4B
U.S. jeweler Tiffany & Co., which shuts its North American stores over the COVID-19 outbreak, reported net sales for its fiscal fourth quarter ending Jan. 31 were up 3 percent to $1.4 billion, while annual revenue for the full year was down 1 percent on a comp-sales basis to $4.4 billion.

Please click here to read the article

Is the aspirational luxury customer gone?
Many luxury brands and retailers rely on the 18- to 24-month shopper who saves money to buy a luxury item, such as a Louis Vuitton canvas tote, Ferragamo pump shoe or Hermès scarf.

Please click here to read the article

Please click here to morning newsletter

 
LATEST HEADLINES
MOST POPULAR
  1. Authentic announces Barneys New York Residences in Tulum
  2. Genesis House presents winter light installation
  3. Louis Vuitton goes big with temporary NYC store
  4. Alexandre Arnault named CEO of wines, spirits division at LVMH
  5. Vestiaire Collective partners with influencers to combat fast fashion
  6. Off the Cuff: A Q&A with Natura Bissé's Patricia Fisas
  7. JLR announces all models will soon feature FSC-certified tires
  8. Moët & Chandon, US Tennis Association reinstate partnership
  9. Baccarat Hotel New York's Guia Llamas: Luxury Woman to Watch 2023
  10. Dior creates ceremonial window displays from scratch, with scraps, for upcycled exhibition
VIDEOS
More Videos

MORE IN News briefs
Day’s wrap: Sephora, Selfridges, Burberry and Mercedes-Benz
Yoox Net-A-Porter, Tod’s, Audi and Emirates
Day’s wrap: Yoox Net-A-Porter, Tod’s, Audi and Emirates
Day’s wrap: Chrono24, eBay, Fendi and Aston Martin
LVMH, Prada Group, Neiman Marcus and Mercedes-Benz
Day’s wrap: LVMH, Prada Group, Neiman Marcus and Mercedes-Benz



RECENT ARTICLES
Alexandre Arnault named CEO of wines, spirits division at LVMH
Authentic announces Barneys New York Residences in Tulum
Genesis House presents winter light installation

Vestiaire Collective partners with influencers to combat fast fashion
Off the Cuff: A Q&A with Natura Bissé’s Patricia Fisas
Burberry overhauls strategy amid rocky interim results