Retail sales may have fallen in Europe over the last year but the continent's top luxury brands are keeping the cash registers ringing.
In a quiet corner of Singapore's upscale Marina Bay Sands, a sparkling pavilion of glass and steel has been built out over the water.
Out of sight out of mind? That's what Tareq Salahi hopes will happen after selling the bulk of his and his wife's personal possessions this weekend.
Fabulous news for this season -- there is a look or piece that will suit everyone, and I mean everyone. Finally hooray, looks from the runway that real people can actually wear. Even better, the key trends seem to be sensitive to the financial climate -- investment pieces have pushed out throwaway fashion and are the underlying theme throughout.
CNN's Alina Cho looks at the unique style of J. Crew boss Mickey Drexler, who has made the iconic brand hot once again.
You're no doubt feeling the sting of rising prices on the essentials, like food and gasoline. Well, companies are feeling that same pain, as soaring costs for raw materials such as oil and copper threaten their bottom lines.
China's red-hot economy has led to an explosion of millionaires who are ready and willing to spend on high-end brands like Louis Vuitton and Audi.
Men probably have been renting tuxedos since Black Tie events were first conceived but women only recently started catching on.
The Asian art scene is increasingly a force to be reckoned with, but one man can claim to have put Japanese contemporary art on the map.
The Devil might wear Prada, but until recently he would have had a devil of a time buying it direct from the fashion company's website.
On August 25th, Claudia Schiffer -- the youngest of the crop of so-called "original supermodels" who made their mark on fashion in the late 1980s and early 1990s -- will turn the big 4-0. To celebrate, InStyle took a look back at the top six, and offers updates as to where they are now.
The European Court of Justice in Luxembourg ruled this morning on whether Google violated trademarks by selling brand-name keywords to competitors -- for example, allowing makers of Louis Vuitton knockoff or competitor handbags to buy the keyword "Louis Vuitton." The practice had been challenged by several trademark owners, led by Vuitton's parent company, luxury conglomerate LVMH. And while both sides are claiming victory, it's clear that the big losers are advertisers -- many of whom are small businesses, hoping to be noticed -- who now face potential legal peril when they go shopping for keywords.
Tomorrow morning the European Court of Justice in Luxembourg is expected to decide whether Google, and, by inference, other search engines, can continue to auction off other companies' trademarks for use as search "keywords" in connection with their sponsored advertising programs.
Fortune: My museum, myselfupdated: Thu Feb 05 2009 11:24:00
On the edge of Paris, on a site that once housed a decrepit municipal bowling alley, an opulent new museum is taking shape. Designed by Frank Gehry at a cost of more than $200 million, it is expected to be finished in two years, and will feature a giant auditorium and a permanent collection of modern and contemporary art, including works by Mark Rothko, Francis Bacon, Takashi Murakami, and Damien Hirst.
You can almost picture it now: Paris Hilton swallowed up by a tight-fitting futuristic designer space suit -- one hand waving at the on-flight camera, the other clasping a Dior "space traveler" handbag.
The Yves Saint Laurent boutique on Madison Avenue on Manhattan's Upper East Side is always the epitome of luxe cool, even on a recent warm August afternoon. Its impeccably polished black cabinets are filled with the latest must-have accessories, among them a python Muse handbag that retails for $3,295 and $760 red sandals with four-inch heels. Chic, unsmiling clerks fiddle with the clothing, which includes a $17,000 hand-painted floral gown.
The online behemoth must pay $63 million in damages, after agreeing that the site had facilitated the sale of counterfeit versions of its high-end products
It's only fitting that Ulrich Wohn's first rule for avoiding jet lag is to reset his watch to the destination's time zone before boarding a flight - he oversees North American operations for the 148-year-old Swiss watchmaker, TAG Heuer.
Fortune: A stylish jet setterupdated: Fri Feb 29 2008 14:51:00
Sure, she gets to wear jeans to work, but that doesn't mean there's anything laid back about Andrea Bernholtz's job running cult-jean maker Rock & Republic with co-founder and CEO Michael Ball. The globetrotting exec spends most of the year on the road - schmoozing everyone from stars like Eva Longoria who give her brand buzz, to merchants like Harrods and Neiman Marcus. We caught up with Bernholtz in L.A. - fresh from the launch of the company's accessory and eyewear line to talk travel.
When it comes to our economy, politicians on both sides of the aisle are quick to say that a stimulus package shouldn't have anything to do with political ideology. But while that's nice in theory, it's impossible in practice because economics and ideology go hand in hand.
This month Art of Life goes East.
China's fashion
updated: Mon Nov 26 2007 10:09:00
CNN's Monita Rajpal is at the Great Wall in China for a fashion show to remember.
The LVMH chairman and CEO talks about his groundbreaking show in China, globalization and how to crack down on counterfeits
Fortune: Managing Marc Jacobsupdated: Tue Sep 11 2007 02:39:00
In February 2007, Robert Duffy sensed something was wrong with his longtime business partner, the fashion designer Marc Jacobs. "Something was going on in his personal life, but I wasn't 100% sure he was back on drugs," says Duffy, who was overwhelmed with work at the time and hoped his intuition was off.
The next time you're waiting for your bags to arrive at O'Hare, ponder this: In Milan there's a leather goods store called Valextra, just down the road from the famed La Scala opera house, whose signature product is a line of exquisite luggage quite unsuited to modern life.
Remember when it was all the rage to screen socially and environmentally irresponsible stocks, like sweatshop employers or polluters, from your portfolio? Now a new class of niche investment products has emerged to weed out what some see as even worse: the hoi polloi.
FranÇois-henri Pinault, 44, chairman and CEO of PPR
The editors have identified the Best business ideas in the world, which will appear here in a series throughout the next month. Check back daily for updates.
The Scene: How does Tokyo inspire your work?
We are fascinated with the lifestyles of the rich and famous but the cars, the clothes and even the homes may not be as farfetched as they seem.
Fortune: PENNEY'S THOUGHTS updated: Mon Oct 31 2005 00:01:00
Lexi Luther is having a great day shopping at the Frisco mall outside Dallas with her friend Amanda Holmes. Luther is trolling for makeup, but her only purchases so far have been at J.C. Penney. "I...
Harvey and Bob Weinstein, the brothers who recently left Miramax, the successful movie studio they founded, have raised $230.5 million as a move towards opening a new studio, according to a published report.
While the savvy bargain hunter can tell the real Coach handbag from a fake, many discerning buyers are missing one critical detail -- that purse or DVD for sale on the street corner might be funding a terrorist organization.
IN THE HARSHLY LIT BACKROOM OF A storefront in New York City's Chinatown, there hangs what appears to be millions of dollars' worth of merchandise. Hundreds of bags bearing the Louis Vuitton logo a...
As a French and U.S. alliance of big beverage companies prepare a takeover offer for Britain's Allied Domecq PLC (AED), likely to be made next week, the world's biggest wine company is looking for a way to gin up a rival bid, say people familiar with the situation.
Airdate: February 12th, 2005
If fashion is your passion, there is hardly a better way to earn a paycheck than to work for a major magazine, unless you're pretty enough to grace the cover.
How do you rejuvenate a business that desperately needs new life? We asked three experts: Carlos Gutierrez, who transformed stodgy old Kellogg in just a few years; LVMH's Bernard Arnault, who is wo...
In the conference room of an exquisite townhouse off Hanover Square in London, two dozen executives of luxury powerhouse LVMH are contemplating a critical question: Who should be the new women's we...
Money Magazine: Fads: Crimes of Fashionupdated: Sun Aug 01 2004 00:01:00
Shoppers spend more than $5 billion a year on the hottest handbags from Louis Vuitton, Prada, Kate Spade and the like. Waitlists for the latest "it" bag can stretch for months. The obsession has fu...
You've heard of It Girls, but what about the fashion equivalent--It Bags?
Fortune: Recession Chicupdated: Mon Sep 29 2003 00:01:00
On the night before Louis Vuitton opened its new boutique in Tokyo this month, chairman Yves Carcelle guided visitors on a giddy tour. Past customers already queuing at the front door, past the dan...
On a cloudy afternoon, Darius Bikoff is sitting in his Queens, N.Y., office, talking about a recent celebrity encounter. "So I'm in Mr. Chow's in Manhattan, and in walks [rapper] Eve with her entou...
On a cloudy afternoon, Darius Bikoff is sitting in his Queens, N.Y., office, talking about a recent celebrity encounter. "So, I'm in Mr. Chow's in Manhattan, and in walks [rapper] Eve with her ento...
Here's an interesting recipe for making wine. First, find a region whose climate is at the extreme limits for viticulture so that each vintage becomes a roll of the dice. Next, plant mainly black g...
As the previous story makes clear, some of the great growth stocks of the past decade seem poised to continue their winning ways. But plenty, if not most, of tomorrow's highest returners are too sm...
Money Magazine: Tomorrow's leadersupdated: Tue Jul 09 2002 11:30:00
Some of the great growth stocks of the past decade seem poised to continue their winning ways.
Why spend a fortune on a mechanical Swiss watch that's less accurate than a $5 electronic gadget from Hong Kong, and so delicate that you can't wear it near a computer? For one thing, a timepiece c...
Fortune: Classic updated: Mon Nov 12 2001 00:01:00
Pea-coat rules. (1) The only acceptable color: navy. Think about it. (2) Substitute other fabrics for wool--leather, say--at your own peril. (3) Minimize the fuss. The red button-holes on this Loui...
Fortune: The Lobbyist updated: Mon Oct 29 2001 00:01:00
Mid-stay in Hanoi, assuming can avoid death by bicycle. Communism tough on business, tougher still on comfort. In Graham Greene suite (each according to his needs!) at grande dame Metropole and fee...
Fortune: Surviving In Styleupdated: Mon Oct 29 2001 00:01:00
Turns out the rich are like the rest of us. They've stopped spending too, and that's hit luxury-goods makers hard. Within a week of the terrorist attacks, LVMH (parent of Louis Vuitton) and fashion...
'Am I volatile?" Patrizio Bertelli asks, getting up from a table at Prada's Milan headquarters to adjust the air conditioning and bawl out construction workers drilling in the office next door. Sit...
After a spectacular run during the 1990s, luxury stocks have lost their luster. Two of the industry's premier names, Paris-based LVMH Moet Hennessy Louis Vuitton and Amsterdam-based Gucci Group, ha...
Need a facial? These days you have 5,689 spas to choose from--and that's just in the U.S. "We've seen explosive growth over the past three to five years," raves Lynne Walker, executive director of ...
It's not every day that Wall Streeters get excited about makeup. But LVMH's Sephora.com is changing all that. Bernard Arnault, the chairman of Paris-based luxury-goods seller LVMH, recently boasted...
To complete this list of the world's most admired companies, FORTUNE consulted a select group of experts--senior executives and outside board members of companies in each of the industries included...
In France, a business deal used to mean an excuse for old classmates from the Ecole Nationale d'Administration (the training ground for elite bureaucrats and CEOs) to get together over a four-cours...
Asia's economic troubles have caused the world's biggest market for luxury goods to all but fall off the map. American and European makers of expensive liqueurs, haute couture, and other pricey ite...
If all your nights on the road are spent in the same old cookie-cutter hotels, next time treat yourself to some style. In the past year or so, a bunch of one-of-a-kind high-concept hotels have surf...
Face it: With all the traveling you do in a year, there's barely time to pack, let alone shop for the gadgets that will make your journeys more pleasurable and productive. Herewith, FORTUNE offers ...
It's hard to resist the temptation to buy when you see the fancy fakes sidewalk vendors display. But pick the wrong thing, and you will look like a phony--or a fool--to those who know the genuine a...
It's late December, and the swish Louis Vuitton boutique near the Champs-Elysaes looks like a discount warehouse. Elegantly dressed shoppers from all over the world paw leather bags while impeccabl...
Fortune: THE RETURN OF LUXURYupdated: Mon Oct 17 1994 00:01:00
You thought that the conspicuous consumption of the 1980s was over? That few would again pay $250 for a luxury scarf or $1,500 for a briefcase? Wrong. Luxury is back with a roar. The world's bigges...
IN ALL THE GIN JOINTS in all the towns in all the world, a guy looking for a drink doesn't have as much company as he used to. The thirst for liquor is ebbing in the United States, where the volume...
FRIENDS SAY Bernard Arnault is deeply in love with luxury goods. The 39-year- old French entrepreneur disputes that. ''You fall in love for inexplicable reasons,'' he says. ''This is completely rat...
AN ELEGANT STRATEGY BASED ON CLASSY BRANDS One of the new band of tough, U.S.-style European managers, Bernard Arnault, 39, revived a bankrupt textile company, then built a luxury-goods empire that...
If you get sweaty palms every time you stand in a Customs line returning from abroad, you are not the only law-abiding citizen who dreads having to defend his innocence or expose his dirty socks to...
Some 3.3 million American households have incomes that enable them to live affluent or rich lives. But far more -- 26 million -- partake of the good life some of the time, treating themselves to Go...
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