Global luxury brands are facing a deepening sales slump in China, as the country’s campaign to tax offshore wealth sends ripples from stock markets to casino floors and dampens spending by the country’s richest consumers.

Aug 19 () - Coty on Wednesday posted a surprise increase in fourth-quarter revenue on resilient demand for fragrances and cosmetics, and said fiscal 2027 ‌would be a "transition year" as it conducts a strategic review to ‌focus on its key brands. The company is advancing its "Coty.

Coty (COTY) is expected to deliver fiscal Q4 results within its conservative guidance range, while f

Coach and Ralph Lauren are still growing because they understand what middle-class shoppers can afford.

An Inditex-backed study is brewing circular innovation, melon waste becomes vegan leather and researchers created fungal “living textiles.”

Luxury, the maisons will tell you, is not like other industries. While lesser consumer goods makers can get ahead by trimming costs and undercutting...

“Luxury goods are the only area in which it is possible to make luxury margins,” said Bernard Arnault, CEO of LVMH, the world’s largest luxury group behind powerhouses such as Louis Vuitton, Christian Dior, Fendi, and Givenchy. Arnault may be right about margins, but high fashion isn't ...

Luxury fashion retailers are accelerating store closures as slowing demand, economic uncertainty, and shifting consumer spending force even the industry's biggest names to rethink their global footprints. Over the past year, several luxury companies have announced plans to shrink their retail ...

Half year earnings put Kering stock in focus Kering (ENXTPA:KER) has moved into the spotlight after reporting half year 2026 results. Sales were €7,220 million and net income was €189 million, with basic earnings per share from continuing operations at €1.11. See our latest analysis for Kering. Alongside the half year 2026 earnings, Kering’s latest share price of €284.2 comes after a 7 day share price return of 17.29% and a 90 day share price return of 22.16%, while the 5 year total...

Results across Europe’s leading luxury groups pointed to the power of VICs and newness, while a fragile China still complicates the rebound story for much of the sector.

The better-than-expected performance by Gucci prompted a flurry of upgrades from analysts.

📣 "On China...there is a lot of work that has to be done. We have to respect that this is becoming one of the most challenging and competitive markets in the world." —Luca de Meo, CEO of Gucci parent Kering, on the company's earnings call.

Morning Brief Host Julie Hyman is joined by Yahoo Finance Senior Reporter Pras Subramanian and Breaking News Reporter Jake Conley to take a closer look at the weakness emerging in the luxury consumer market — including high-end auto brands — from China.

Kering’s new boss Luca de Meo joined the company from the car sector and is willing to break a few luxury-industry taboos to win back shoppers. Price cuts at Gucci are an example, and early signs are that the gamble is paying off. Kering’s stock is up 12% this morning.

STORY: Luca de Meo's turnaround efforts at Gucci owner Kering appear to be gaining traction, even as rivals have left the market cold. The French luxury group’s shares surged 11% on Wednesday - on track for their best trading day in months. And investors are hopeful after market-beating Q2 sales at flagship brand Gucci… Boosted by U.S. demand for the label’s new handbags. Gucci's Q2 revenue dipped 2% on an organic basis, a smaller drop than analyst expectations. While it marks the label’s 12th straight quarterly sales drop, the result was a significant improvement from last quarter. Once the French company's profit engine but recently experiencing weakening demand, Gucci aims to return to full-year growth this year, as part of de Meo's revival plan. In the $400 billion luxury industry more broadly, a relatively muted improvement at heavyweight LVMH failed to excite investors. That’s as question marks remain on whether the sector will emerge from a prolonged downturn. Despite spending by U.S. tech millionaires and renewed demand for jewelry.

↗️ Ford Motor (F): Despite posting a drop in second-quarter revenue, the automaker boosted its full-year earnings outlook. Shares climbed more than 4% premarket. ↗️ Kering (FR:KER): Shares in Gucci’s parent company jumped more than 11% after revenue rose, signaling a recovery after years of weak demand.

In the second quarter, group revenue totalled €3.65bn, up 1% on a reported basis and 2% on a comparable basis.