24 November 2025 Canada scraps luxury tax on private jets and pleasure boats Introduced in 2022 by Justin Trudeau’s government, a luxury tax on ultra-high-end transportation was abolished this month for
1 July 2025 Watchmaking: why is Omega betting on Colorado? Omega, the Swiss watchmaker owned by the Swatch Group, is partnering with jeweler Oliver Smith Jeweler to open
21 May 2025 Hudson’s Bay: total liquidation likely avoided thanks to Canadian Tire Several brands and the striped logo of the iconic Canadian department store group, which has filed for bankruptcy,
13 August 2024 United States: spending on luxury goods falls 11% in July The US luxury market is experiencing a significant reduction in spending on luxury goods, particularly in the leather
22 March 2024 Hermes: Accusations of disputed commercial practices in California Accusations of disputed commercial practices weigh on Hermès in California as two clients file a lawsuit against the
6 March 2024 Nordstrom: a fine final quarter 2023 overshadowed by weak 2024 forecasts Nordstrom reported a fourth-quarter 2023 result above market expectations, driven by strong sales over the holiday season. However,
6 February 2024 Ritz Carlton opens new Dallas location A new incarnation of the “Ritz Carlton” luxury hotel brand has just opened near the capital of Texas.
6 December 2023 Christie’s Important Watches: a particularly robust US market Christie’s kicked off the luxury season with its Important Watches sale in New York on December 5. The
22 November 2023 Nordstrom misses third-quarter revenue guidance Nordstrom’s third-quarter sales fell short of analysts’ expectations. Rampant inflation is weighing on the US retailer’s revenues.
30 October 2023 Capri Holdings: shareholders approve merger with Tapestry Capri Holdings, the parent company of Michael Kors, has confirmed its acceptance of Tapestry’s takeover offer. This decision