Luxury Goods news and archive

Luxury shoppers seize the day amid Turkey’s sliding currency

One country’s woes are a luxury shopper’s gain. As Turkey fights for its sliding lira, international luxury shoppers are taking advantage of its attractive prices for designer goods. Queues outside Chanel and Louis Vuitton this week saw Chinese, Middle Eastern and a plethora of nationalities hoping to score a designer bag at near bargain prices,...

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Richemont: outshining luxury goods giants

Compagnie Financière Richemont SA is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. The luxury goods groups sells premium jewellery, watches, leather goods, writing instruments, clothing and accessories. Richemont is publicly traded as CFR on the SIX Swiss Exchange and the JSE...