Tag: Luxury Goods

Burberry shares reel as CEO announces departure

Burberry Group shares fell as much as 10% after chief executive Marco Gobbetti said he would be leaving the luxury goods retailer after nearly five years at the helm. Gobbetti will be leaving Burberry BRBY, -7.96% at the end of the year for the same role at Salvatore Ferragamo, SFER, -1.22% the Italian leather goods […]

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15 electric cars (and trucks) to watch for in 2022

As we continue to strive for reduced emissions and air pollution, the electric car market is being flooded with new options. What used to be an obscure niche is becoming more mainstream every year with new EVs from mainstream and luxury brands alike. There are also some exciting new startups following Tesla’s TSLA, -0.40% lead […]

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Could Crocs be the shoe of the summer? Check out Diplo’s psychedelic pair

Crocs have stepped up their game. The bulky, rubbery clogs that “Project Runway” fashion guru Tim Gunn once called “plastic hooves” and Victoria Beckham said she would “rather die” than wear have remained a divisive fashion piece for the past two decades. Fans say that Crocs CROX, -0.75% are comfortable, however, and the affordable price […]

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This is when you can expect your electric Lamborghini

Italian supercar manufacturer Lamborghini is known to car enthusiasts for the wail of its V10 and V12 engines, but those may soon be a thing of the past. Lamborghini CEO Stephan Winkelmann says the automaker will unveil its first gasoline-electric hybrid performance car in 2023 and that a fully electric model will go on sale […]

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The 2021 Acura TLX is better, sportier, and still a deal

The Acura TLX is all-new for 2021, marking the second generation of this sedan by Honda’s HMC, -0.42% luxury division. As before, the TLX blurs lines in terms of size, being larger than premium compact sedans like the Audi A4, Lexus IS, and BMW BMW, +0.66% 3 Series, and closer to a midsize executive sedan like the Mercedes-Benz E-Class. Everything else […]

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An environmentally friendly diamond is forever? Around $350 will buy you Pandora’s new lab-grown jewel

Pandora, the world’s biggest jeweler, which is best known for its silver charm bracelets, said that it will stop selling mined diamonds and switch to affordable, laboratory-grown gems as part of a broader focus on sustainability. “Diamonds are not only forever, but for everyone,” said Pandora Chief Executive Alexander Lacik in a statement on Tuesday […]

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Global Q1 gold demand down 23% year on year

Global gold demand in the first quarter dropped from a year ago on the back of a more than 70% year-on-year decline in gold investments, according to a report from the World Gold Council released Thursday. Total world gold demand for the quarter was at 815.7 metric tons, down 23% compared with the first quarter […]

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European stocks struggle for traction. Shares of LVMH and SAP climb on results

European stocks struggled for traction on Wednesday, as investors mulled concerns over COVID-19 vaccines and looked toward the start of earnings season. Shares of SAP and LVMH Moet Hennessey and easyJet climbed on well-received results. The Stoxx Europe 600 index SXXP, +0.12% inched up 0.1% to 436.33, after a modest move up on Tuesday. The […]

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