Burberry

Luxury Biz on Edge After Japan's Earthquake

The Japanese are the world's most voracious consumers of luxury goods, from Louis Vuitton handbags to Cartier jewelry to Hermes high fashion. So purveyors of those luxury goods are justifiably worried about the effect of the Japanese earthquake and tsunami on their bottom lines.

Beer-Budget Gifts from High-End Brands

Recognizing that even the well-heeled have money problems these days and trying to expand their customer base, many luxury-goods sellers now have something for (almost) everyone. Here's a rundown of some less-pricey goodies you can get at the toniest shops in town.

Burberry Shares Jump on Speculation of Takeover Bid

Shares in luxury-goods maker Burberry (BRBY) jumped as much as 6.5% on speculation of a potential buy-out. Shares rose as high 1,204 pence, putting the company%u2019s value at 5 billion pounds ($7.9 billion), Reuters reported.

Burberry's Sales Growth Slows Amid China Push

Burberry reported 11% sales growth in its second quarter year-over-year Wednesday, but compared to the first quarter, that marked a slowdown for the luxury fashion powerhouse, and shares fell. Burberry also said it expects full-year pretax profit to be in the top half of market expectations.

Will luxury retail ever recover?

Retail analysts say this recession has fundamentally changed consumers' approach toward spending. While predictions that retail will not return to...