07/24/2014

Daimler earnings up on strong Mercedes sales

Daimler’s earnings before interest and taxes, or Ebit, from ongoing business rose 12 percent from a year earlier to €2.46bn ($3.3bn). This was above analysts’ expectations of a 9-percent rise.

07/24/2014

LVMH Profit Drops, Hurt by Exchange Rates

Luxury goods giant LVMH Moët Hennessy Louis Vuitton on Thursday said its first-half profit dropped 4% despite a small sales increase, showing the sector's vulnerability to fluctuations in exchange rates.

07/21/2014

Tiffany's CEO in 2015

Tiffany & Co. announced today that its long-standing chief executive officer, Michael J. Kowalski, will retire from the company effective March 31, 2015. Mr. Kowalski, who has been a member of the company's Board of Directors since 1995, will con

07/09/2014

Top 10 luxury brand efforts of Q2

Luxury brands made an effort to appear more inclusive and to streamline the purchasing process in the second quarter of 2014.