THE global luxury industry is set to contract between 20 per cent and 35 per cent in 2020 amid the virus pandemic.

THE global luxury industry is set to contract between 20 per cent and 35 per cent in 2020 amid the novel coronavirus pandemic.

LIQUOR giant Kweichow Moutai Co's buoyant first quarter earnings is the latest sign that China's demand for luxury goods is resilient, a relief for global brands dependent on the Asian nation to...

[MILAN] Hermes has weathered the global coronavirus crisis better than rivals, with a 7.7 per cent decline in first-quarter comparable sales, and the Birkin handbag maker said business was picking...

[MILAN] Birkin handbag maker Hermes said on Wednesday it was starting to see a return to normality in China, with just four of its 43 stores on the mainland and areas like Hong Kong and Macau...

SHARES in LVMH rose on Thursday, lifting other European luxury goods stocks as the Louis Vuitton owner's stronger-than-expected sales update eased fears of any major fallout from protests in Hong...

[SHANGHAI] Alibaba Group Holding will buy e-commerce business Kaola from Chinese gaming company NetEase Inc for US$2 billion, adding a platform that specialises in supplying luxury goods from...

[WASHINGTON] The armoured black limousines appear everywhere with Kim Jong Un, sleek Western chariots for the young dictator of North Korea.

COMMENTARY

THROUGHOUT the seemingly endless US/China trade war, shoppers from Shanghai to Beijing have been serenely snapping up luxury goods, from Gucci logo T-shirts to Balenciaga sneakers and Cartier nail...

THESE could well be the best of times, and the worst of times, for the luxury goods business. Purveyors of the rare and very expensive are evidently reaping the gains of rising affluence (and a...