Department store chain Neiman Marcus experienced a net loss of $42.1 million in its fourth fiscal quarter ending Aug. 2.
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Luxury conglomerate Richmont’s sales growth shrunk to 4 percent when adjusted for constant exchange rates, a number below many predictions, in the five month period ending Aug. 31.
United Arab Emirates airline Etihad Airways is sending a team of butlers to a multi-week training program in preparation for the launch of The Residence by Etihad.
British automaker Rolls-Royce has fulfilled an order for 30 bespoke models, making the purchase the largest fleet of its vehicles in the world.
Colored-gemstone miner Gemfields has set its sights on the third of the “big three” precious stones with the addition of Sri Lankan sapphires.
Neiman Marcus Group will acquire global online luxury business Mytheresa.com as well as the flagship store in Munich later this year.
French glass and crystal maker Lalique has teamed up with Italian leather goods brand Salvatore Ferragamo on a leather briefcase to house wine glasses.
French fashion label Jean Paul Gaultier’s spring/summer 2015 runway show later this month will be the brand’s last ready-to-wear presentation.
Many luxury homeowners nestle their properties deep in wooded areas for a sense of serenity, but the benefits of seclusion are sometimes ruined by natural disasters such as fires.
Online retailer Moda Operandi is hosting a special digital trunk show for colored-gemstone miner Gemfields.