Blackstone Group has secured a $600 million loan for a Florida developer turning a once dingy, warehouse district in Miami into a premier luxury retail destination, according to sources familiar with the deal.
Italian luxury fashion house Prada SpA has missed analyst estimates by posting a 8.6 percent rise in third-quarter profit, as solid performance in the Americas and Japan made up for slowing growth in Europe and Asia.
Celebrated French fashion house Christian Dior sprung for a luxury jet-set tour of the globe at Paris fashion week on Monday, presenting a cross-continental look at haute couture with a collection inspired by the four...
Luxury goods group LVMH named a new chief executive at its jewellery brand Bulgari on Tuesday as part of a management rejig triggered by the surprise departure of the chief of its flagship brand Louis Vuitton.
LVMH, the world's biggest luxury goods group, said first-quarter revenue grew 25 percent thanks to particularly strong growth in Asia and the United States, as wealthy shoppers shrugged off a tumultuous global economy.