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Luxury market surges to euro172 billion in 2010

Gold watches and precious jewelry featured in more holiday gift boxes last year, helping the luxury goods market rebound stronger than expected in 2010 to surpass pre-crisis levels. Full story

French luxe clothes seller buys skate brand Volcom

Volcom Inc., a California-based skater store that brands itself as "youth against establishment," expects to be bought by PPR, the French company that runs luxury brands including Gucci and Alexander McQueen. Full story

LVMH private equity fund eyes Asian brands

A private equity fund that's part of luxury goods maker LVMH Group is aiming to invest $650 million in quality lifestyle brands in China and India. Full story

Rich will spend more, but value still key

Rich Americans are expected to spend an extra $26.6 billion on luxury goods this year but they will do so with an eye toward value as the country recovers from recession, a poll released on Friday found. Full story

The Buick is back! No, really …

Would you believe the once-dead brand has beaten Lexus so far this year and was only 800 units behind luxury leader BMW last month? Buick is back! By Paul A. Eisenstein. Full story

Reviving Russian luxury market outpaced by rivals

Luxury boutiques are popping up across the country again, the capital's streets are gridlocked with Bentleys and top designers are steadily trickling back in. Full story

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Articles

Subaru, BMW among best for resale value

Milan fashion awaits Chinese design boom

Ford's Lincoln on track to cut number of U.S. dealers

Luxottica sees solid 2011 after record year

Sabotage? Train with gifts for Kim's heir derails

Shoppers treat themselves to lattes, lacy bras

Austrian convicted for yacht sale to North Korean leader

Luxury on Loan

Video

  The Future of Luxury

Francois-Henri Pinault, CEO of PPR, a $28B family-run retail conglomerate that owns luxury brands such as Gucci, Yves Saint Laurent and Bottega Veneta, discusses the future of luxury retail with CNBC.

  Aflac posts profit beat thanks to Japan

Daniel Amos, Aflac chairman & CEO, discusses how stronger premium growth in Japan boosted earnings in the second quarter and explains why guidance for the third quarter will likely fall short of expectations.