Luxury brands hiked up their prices about 20% between 2021 and 2023, steering off middle-income shoppers facing financial ...

Luxury brands like Burberry are shifting focus to aspirational consumers by offering more affordable options after price hikes sidelined potential shoppers.

The deficit has some luxury brands rethinking ways to lure back “aspirational” luxury consumers, who tend to buy at least one luxury item per year and spend between $3,000 and $10,000 annually ...

The foundation’s board of directors has initiated a succession plan and comprehensive search that will take place over the ...