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.
Gold was raining from above for luxury brands in the good old days of 2007.
SWISS watch exports were almost unchanged in October, rising at the slowest pace in three and a half years, as American consumers cut luxury spending.
Crisis affects luxury London homes
Downturn, what downturn? Fair shows lap of luxury
Luxury retailers may suffer the industry's biggest reversal of fortune during the holidays as the global financial crisis dents the wealth of the richest Americans.
Luxury costs a little less
The spreading of the financial problems has hit consumer confidence, leaving the luxury industry another victim of the ebbing tide.
DAIMLER AG is considering introducing more luxury small engine vehicles into China next year to meet increasing demand ...
Exclusivity, engineering and design make these six-figure vehicles special.