- Ferrari says it will raise prices by 10% on some models to offset auto tariffson March 27, 2025 at 3:51 pm
Ferrari produces all of its cars at its Maranello factory. Last year, the company produced 13,752 cars.
- Tariff fears are raising construction costs by up to 20%, says Related Group CEOon March 21, 2025 at 3:16 pm
Related said the high end of the real estate market remains strong, especially in Florida.
- Kering shares plunge 11% after Demna Gvasalia named as Gucci's artistic directoron March 14, 2025 at 5:03 pm
Shares of Kering plunged on Friday after the firm announced that Demna Gvasalia would take the reigns as new artistic director of its ailing Gucci fashion line.
- Trump’s proposed 'gold card' visa comes with a hidden tax break for the wealthyon February 27, 2025 at 5:50 pm
President Donald Trump's proposed $5 million "gold card" for U.S. residency would be one the most expensive in the world, according to experts.
- Europe's luxury sector is showing signs of revival — but China weakness and tariff threats loomon February 24, 2025 at 9:29 am
The sector had an upbeat earnings season. But continued weakness in China and U.S. tariffs could leave even the most exclusive brands vying for share of pocket.
- Birkin bag maker Hermes posts better-than-expected jump in fourth-quarter saleson February 14, 2025 at 4:33 pm
Haute couture fashion house Hermes on Friday reported a better-than-expected jump in fourth quarter sales.
- Kering slightly beats fourth-quarter forecasts even as sales at embattled Gucci brand plunge 24%on February 11, 2025 at 11:20 am
French luxury goods firm Kering reported better-than-expected fourth-quarter sales that were still down year-on-year amid lagging demand for the Gucci label.
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