Estée Lauder Third Quarter Earnings: strong sales from the recent launches
Estée Lauder Companies Third Quarter Earnings Per Share Rise to $.38, before Restructuring Activities Underlying Sales Growth Remains Solid For the quarter, The Estée Lauder Companies reported net sales of $2.25 billion, a…
Mercedes-Benz Cars – a new record for unit sales in the first quarter of 2012
Strong first quarter: Daimler increases Group EBIT to €2.1 billion Daimler AG achieved EBIT of €2,130 million in the first quarter of 2012, which is slightly higher than the high prior-year level (Q1…
Kill it and get rid of inventory! Six-figure rebates for the purchase of a new Maybach
Maybach customers treated to $100,000 cash back Luxury car maker Maybach offers hard cash to sell out remaining inventory after Daimler made the decision to kill off the Maybach brand. Maybach customers are…
Prada 2011 net profit beating forecasts
Italian fashion house Prada reported a 2011 net profit of 431.9 million euros beating a Thomson Reuters forecast of 415.83 million euros, annouced reuters. Prada posted a 72 percent rise in full-year…
Booming luxury markets helped Hermes to report record profits
Hermes luxury handbags and silk scarves were sold in 2011 like hotcakes. Hermes reported a record year in 2011 with a 40.9-percent rise in net profit which helped push up its shares 3.01…
Replicate Tata Motors’ success: Ducati eyed by India’s biggest motorcycle maker
Ducati Eyed by Hero MotoCorp as Indian Motorbike Maker Looks for Takeovers Ducati, maker of luxury bikes ridden by celebrities such as Brad Pitt, is among assets being examined by India’s biggest motorcycle…
Sotheby’s to auction Beau Sancy, a diamond of supreme historical importance
Beau Sancy, a diamond of supreme historical importance and one of the most rare diamonds ever to come to auction, will led Sotheby’s Geneva sale of Magnificent Jewelsand Noble Jewels on 15 May…
Artprice’s Annual Art Market Report: Art sold better than at any other time in history
This year, Artprice’s annual art market report – based on 6.3 million auction results from 4,500 auction houses around the world focused particularly on China’s successful conquest of the global art market. In…
Cavalli CEO: To keep prices at acceptable levels is key. Shoppers want value for money
Altagamma, Italy’s luxury goods trade association, said in a February statement that it expected the global sector to grow modestly in 2012 on the back of strong consumption in Asia and better prepared…
Luxury Consumers Lack Commitment: survey
Downward shift in luxury consumer attitudes at the start of 2012 signals shift toward ‘inconspicuous’ consumption that minimizes ostentation Media reports of a ‘renaissance’ in the luxury market appears to be limited to…
