Prada and Richemont both suffer a decline in sales – 21/9/2014

With luxury, you get the highs and lows. Prada is feeling the low at the moment with the release of their first half results. Prada was once considered the darling of the stock market when it came to luxury industry stocks but it could be a thing of the past with the luxury group’s

Guangzhou police crack down on counterfeiters – 21/9/2014

It looks like there has been another victory for the luxury houses when it comes to counterfeit goods… SCMP.com reports that Guangzhou police busted a crime network that made and sold top-tier counterfeit Louis Vuitton products, seizing a haul with a potential street value of about $HK1.26 billion ($AUD18.2 billion). The worrying thing about

Neiman Marcus acquires Mytheresa.com – 17/9/2014

Some big news coming out of the U.S. overnight is that U.S. premium department store, Neiman Marcus has announced that they are buying hot online fashion site Mytheresa.com. Not only will they acquire the the global online luxury business, but also the flagship store in Munich. Luxurydaily.com reports that the acquisition will leave the