McLaren To Enter India Market Later This Year

MILAN, Italy – British sportscar maker McLaren said on Monday it was entering the Indian market, with its first retail outlet set to open in Mumbai later this year. India is largely a low – cost and price – sensitive car market in which luxury models account for just over 1% of total annual of … More McLaren To Enter India Market Later This Year

Advertisement

Bentley First – Half Profit More Than Doubles, Boosted By Customised Cars

PARIS, France – Luxury British carmaker Bentley’s first – half operating profit more than double, boosted by increased customisation of cars as sales rose significantly in Europe and Britain despite ongoing global economic uncertainty. The unit of German carmaker Volkswagen on Friday posted an operating profit for first six months of 2022 of 398 million … More Bentley First – Half Profit More Than Doubles, Boosted By Customised Cars

Amazon Not Liable For Online Louboutin Knock – Offs, EU Court Adviser Says

BRUSSELS – U.S. online retailer Amazon is not liable for the sale of counterfeit Louboutin shoes on its platform, an adviser to Europe’s top court said on Thursday, a potential setback for the shoemaker known for its red sole shoes popular with celebrities. The case dated from 2019 when Louboutin sought an injection against Amazon … More Amazon Not Liable For Online Louboutin Knock – Offs, EU Court Adviser Says

Moncler Bets On Store Expansion, Footwear To Drive Growth

MILAN, Italy – Italian luxury group Moncler said on Thursday it would open refurbish or relocate 200 stores in the next three years, mostly in Asia, and diversify into shows and clothes for warmer weather. The group, which in 2020 acquired streetwear brand Stone Island, also said it expected to beat analyst forecasts for annual … More Moncler Bets On Store Expansion, Footwear To Drive Growth

Luxury Brand Hermes Considers Metaverse As Means To Communicate

PARIS, France – Hermes is considering using the metaverse for communications although the maker of Birkin bags and other luxury goods remains focused on craftsmanship, Executive Chairman Axel Dumas told shareholders on Wednesday. ‘We are curious and interested’ about the metaverse, he said, adding it could be a good communication tool. At Wednesday’s annual shareholder … More Luxury Brand Hermes Considers Metaverse As Means To Communicate

Coach Owner Tapestry Forecasts Higher Revenue, Profit As Luxury Demand

Paris/France – – Coach handbag maker Tapestry Inc. forecast annual revenue and profit above estimates after posting better – than – expected results on Thursday, expecting vaccine – aided reopening of economies to boost demand for designer apparel and purses. Resumption os social events and growing vaccination rates are expected to aid sales of handbags, … More Coach Owner Tapestry Forecasts Higher Revenue, Profit As Luxury Demand