Michael Kors and the £300 It bag

The luxury market has pushed prices ever higher – but few women can afford £1,000 handbags. How did one designer bring things back within reach?

• Gallery of 15 statement handbags for under £150

Global luxury goods sector remains resilient: LVMH tops list of world’s largest luxury goods companies

Global luxury goods sector remains resilient, despite tougher consumer market, according to a new Deloitte report. The world’s 75 largest luxury goods companies generated luxury goods sales of $171.8 billion through the end of last fiscal year (fiscal years ended through June 2013) despite a slowdown in the global economy. The average size of the … Read more

Phoebe Philo: ‘I find mediocrity hard’

Céline’s uncompromising creative director gave a rare interview to Alexandra Shulman, discussing the political statement behind her work and the fashion industry’s attitude to women’s bodies

LVMH luxury group – 8 percent rise in like-for-like full-year sales

As consumer demand for logo-embossed luxury products has waned, LVMH declares it is is well-equipped to continue its growth momentum. After Tod’s disappointing figures released last week, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €29.1 billion in 2013, an increase of 4% over the previous year. The luxury … Read more

Fashion heralds the Chinese new year with lucky red

China’s rise as a global power is reflected on the catwalk and the shopfloor. Red is the new black and, with the dawn of the year of the horse, luxury brands are embracing the equine factor

Lauren Laverne on style: when art meets fashion

This year’s fashion is inspired by works of art. Choose paint splashes and bold prints to perfect the art of dressing