Results for luxury: 504

GENEVA (Reuters) - Luxury car makers such as Porsche to Lamborghini are prepared to earn less money in times of crisis if it means preserving the exclusivity of their respective brands.

France is the birthplace of luxury fashion, and here the recession biting the world has the feel of a morality play.

PARIS, Feb 6 (Reuters) - Europe's luxury industry drew some comfort on Friday from Hermes' (HRMS.PA) relatively encouraging 2009 outlook, and a positive trading update from LVMH (LVMH.PA).

Shanghai, March 11 (Gasgoo.com) Chery Auto is set to release its luxury car brand Riich (Ruiqi) on March 18, with six models to go on sale in the high-end auto market, xinhuanet.com said today. The Chery Riich logo closely resembles that of Bentley.

Buying a luxury car can be worth it if you care about the latest technology and comfort.

CHINESE consumers are getting jittery about household finances and job security as a world recession gathers pace around China, with luxury retailers likely to be the worst hit as people rein in spending.

CHINA'S luxury car market remains a beacon of hope for international car makers although sales growth may be much slower this year because of the global financial crisis.

Chanel is to cut 200 jobs as fears grow that the supposedly recession proof luxury market is falling victim to the global credit crisis. Citing a steep decline in this year's sales, the largest French union, the CGT, said the losses at the French fashion label would concern all staff on fixed term and temporary contracts and come into effect on Wednesday. Sixteen posts would be cut from the brand's boutique on rue Cambon in the heart of Paris's fashion district, it added in a statement at the weekend.

Luxe Pack, the international benchmark fair for luxury goods packaging based on its Monaco and New York editions, heads for the luxury market in Shanghai in 2009. The 2nd edition Luxe Pack Shanghai will be held March 17-18 at Shanghai International Convention Center, with the China Chamber of Commerce for Import and Export of Light Industrial Products and Arts-Crafts (CCCLA) as co-organizer.

Although the global financial crisis is hurting sales, luxury goods companies should see sales and profit rise in 2008 and the next two years, albeit at a slower, single-digit pace, according to a Merrill Lynch report.