News briefs

Today in luxury marketing – Tiffany vs. Costco: Which diamond ring is better?; Barneys CEO Lee takes anti-Penney approach to turnaround; Neiman Marcus explores options; LVMH appoints new TAG Heuer CEO.

Today in luxury marketing – Roy Lichtenstein accessories at Barneys New York; Audi $1.3 billion Mexico SUV plant aimed at unseating BMW; BMW’s car profits slip on Europe and technology costs; Estée Lauder shares reach 52-week high.

Today in luxury marketing – Zegna posts 13pc gain in full-year profits; Hugo Boss Q1 sales fall more than expected; Vivienne Westwood designs Virgin uniforms; Mercedes extends US luxury lead over BMW in April.

Today in luxury marketing – Amanda Seyfried Givenchy ads are en route, displacing Liv Tyler; Jones Group swings to Q1 profit as revenue improves; Starwood Hotels profit exceeds estimates on tax benefit; Luxury shopping firms bet on casino approach in China.

Today in luxury marketing – Alexander Wang’s first Balenciaga campaign revealed; Watch Keira Knightley star as Coco Chanel; Roy Lichtenstein’s Barneys moment; First official 2014 Mercedes-Benz S-Class photo apparently published by Benz itself.

Today in luxury marketing – Harrods to acquire temporary space in Sardinia; Nicolas Ghesquière finally speaks on why he left Balenciaga; Mandarin Oriental: Regionalizing social for a luxury audience; China crackdown aims at stopping military from using luxury cars such as BMWs and Porsches.

Today in luxury marketing – Behind Prada’s astounding results; Dior Homme hits Beijing; Watchmakers find gold rush in China is slowing down; Luxury carmakers chase India’s young, female and frugal.

Today in luxury marketing – Kering first-quarter sales trail estimates as Gucci slows; Rolex rolls on; Watchmakers fret over China sales slump; Hamptons home sales jump as lower-priced deals displace luxury.

Today in luxury marketing – Jones to close more stores, cut jobs; Stella McCartney named Designer for Tomorrow patron; Pomellato maps expansion under Kering; Daimler scraps profit goal after Q1 earnings plunge.

Today in luxury marketing – Richemont’s annual profits set to soar; Ex-Dior designer John Galliano, fired for anti-Semitic comment, will teach master class at Parsons; Jeremy Irons, Pierre Casiraghi front for Berluti campaign; Luxury carmakers chase India’s young, female and frugal.