Galeries Lafayette, the French department store chain, is reconsidering how it operates in China as the consumer downturn in the key luxury market drags on https://t.co/Jwko58jMYg ...

The Middle East was the fastest growing luxury market in the world last year, which is why investors are now concerned about the luxury stocks. So if you look at LVMH Hermes carrying Richemont, the big luxury stocks have lost nearly $100 billion in value just over the past month since the start of the Iraq war. Now the Middle East itself, it's not a huge market.It accounts for only about 6% of global luxury sales. So that's about $20 billion a year. But the Middle East is hugely important for growth.So last ...

The Lunar New Year is a big spending holiday in China, and luxury brands are using the festival to connect with customers through capsule collections, marketing campaigns and immersive experiences in hopes of boosting sales. Chinese luxury consumers have become more reserved and discerning with their money. Wealth Reporter Hayley Cuccinello explains. ...

It was a strong 2025 for the big auction houses. Christie's actually reached $6.2% billion in sales, up about 6%. As for what's in store for 2026, well, we caught up with the CEO of Christie's, Bonnie Brennan.Here's what she had to say. We tried to build sales, being responsive to what we see from past seasons. But sometimes it's that incredible story that really brings people out.We are really storytellers in our business, and last year we were really lucky because of the stability in the first half and so ...

He is a sales director of new development at Serant. Great to have you with us. >> Thank you for having me.>> Um so specifically you're talking about the luxury market which is $4 million plus. And what are you seeing. >> Correct.Um $4 million plus. What we've seen post Mandani is still record numbers. So November was 25% higher than October.Um and 2025 was uh the best year we've had since 2021. We've also seen not just my record sale at 50 mil at $60 million, but we saw another record deal at 140 Jane for ...

Core Insights - Marc Metrick has stepped down as CEO of Saks Global after nearly 30 years, seeking new opportunities [1][2] - Richard Baker has been appointed as the new CEO, tasked with overseeing luxury retail operations and guiding the company's transformation [2][3] Company Overview - Saks Global operates several luxury retail brands, including Saks Fifth Avenue, Neiman Marcus, Bergdorf Goodman, Saks OFF 5TH, Last Call, and Horchow [3][4] - The company has a portfolio that includes 70 full-line luxury locations, off-price stores, and five separate e-commerce platforms [4]

RT Bloomberg Opinion (@opinion)Chanel’s subway fashion show reveals something really interesting about the luxury market, @AndreaFelsted says 🎥 https://t.co/LZPqBG9Cfk ...

Over the past year, 1 in 3 condo owners in Manhattan who sold sold at a loss. Now, with the election of Mamdani, there are reports that the wealthy could flee even more, going to the suburbs or places like Florida or Texas. But the real reason why Manhattan real estate has been flat over the past decade, and what the wealthy are really doing is a bit more nuanced.I think prices got too high and they've had to come down. So of course people lost money. And you're reading about $100 million transactions, but ...

Market Opportunity - Western luxury merchants have a window of opportunity in China [1] Source - The information comes from @AndreaFelsted and @julianaliu via @opinion [1]

Market Trends - Chinese consumers are shifting away from traditional European and US luxury brands [1] - There's a growing preference for domestic premium brands with distinct Eastern aesthetics [1] - China's luxury market is valued at $49 billion [1]