Customers walk down the stairs inside a Prada store in Hong Kong. Photograph: Reuters/Bobby Yip

Prada reported first-quarter profit that trailed analysts’ estimates as the maker of $695 clogs and $860 wallets struggled to reverse slumping sales i(...)

A model wears a Gucci double-breasted cashmere military coat. The brand has been attempting to attract wealthier shoppers by raising prices. Photograph: Gregory Vaughan/The New York Times

Kering SA, which owns the Gucci fashion label, fell the most in about six months after third-quarter revenue trailed estimates amid the weakest growth(...)

Sunglasses stand on display inside a Tag Heuer store, operated by LVMH , in the Pavilion Mall shopping center in Kuala Lumpur, Malaysia. Asian consumers are more inclined to shop impulsively and pay extra for designer goods than people from other regions, according to a study by market information company Nielsen Holdings NV. Photograph: Goh Seng Chong/Bloomberg

The world’s largest luxury-goods maker LVMH, and Gucci owner Kering, reported accelerating sales growth as the industry rebounded from a weak start (...)