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April 01, 2025
 

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LUXURY GOODS

Shoppers outside a Sephora store in Vancouver on Aug. 15
BUSINESS / Companies
Aug 22, 2024
LVMH’s Sephora cuts around 10% of staff in China as its woes deepen
While Sephora has expanded to some 300 stores since entering China in 2005, the country is increasingly difficult for higher-end retailers to navigate.
Customers stand in line outside a Louis Vuitton store in Tokyo's Ginza district on July 19.
BUSINESS / Companies
Aug 2, 2024
Luxury brands count cost as shoppers from overseas enjoy weak yen discount
Goods sold in Japan by global luxury brands, ranging from designer sneakers to whisky, now tend to be cheaper in dollar terms than elsewhere.
The Porsche booth at the Beijing International Automotive Exhibition in Beijing on April 25
BUSINESS / Economy
Jul 24, 2024
China’s slowdown is taking a rising toll on European profits
From luxury brands to carmakers, more trouble is coming for European businesses heavily reliant on demand in the Asian economic giant.
A man walks past a store of luxury brand Burberry at a shopping mall in Beijing in 2021.
BUSINESS / Markets
Jul 17, 2024
Luxury brands feel the sting as Chinese growth slows
China accounted for 16% of $393.8 billion of global luxury spending last year, but the economy grew slower than expected in the last quarter.
An employee checks on items at a Komehyo store in Nagoya.
BUSINESS / Companies
Jul 16, 2024
Thrift store operator Komehyo pushing to expand business overseas
The company hopes to become the world's top retailer of secondhand luxury brand items by tripling its overseas sales in four years.
Several examples of rare and expensive fruits at Melissa’s Produce in Los Angeles on May 22.
BUSINESS
Jul 3, 2024
The world of luxury fruit: Does a $156 melon taste sweeter?
The United States is developing an appetite for luxury fruits long known in countries like Japan and South Korea.
To be the best of the best, according to the exclusive Relais & Chateaux group, Japan's 'ryokan' inns need to leave guests with "a transcendental feeling."
LIFE / Travel
Jun 29, 2024
To Relais & Chateaux, not all ‘ryokan’ inns are created equal
In Japan, this exclusive association has partnered with just 13 hotels and traditional 'ryokan' inns and seven stand-alone restaurants spread across the country.
The Dior investigation focused on four suppliers employing 32 staff who worked in the surroundings of Milan, two of whom were immigrants in the country illegally while another seven worked without the required documentation.
BUSINESS / Companies
Jun 11, 2024
LVMH's unit put under court administration in Italy over labor exploitation
A probe alleged that the Italian subsidiary, which makes Dior-branded handbags, had subcontracted work to Chinese-owned firms that mistreated workers.
Hakone in Kanagawa Prefecture will host one of three ryokan Hyatt is set to launch with Kyoto-based developer Kiraku in 2026.
BUSINESS / Companies
Jun 2, 2024
Hyatt doubles down on Japan with line of luxury ryokan
The first three locations are scheduled to start opening in 2026 in Kanagawa, Oita and Kagoshima prefectures.
Counterfeit nail products branded with the logo of Louis Vuitton
JAPAN / Crime & Legal
May 28, 2024
Aichi woman referred to prosecutors for selling counterfeit nail products
She allegedly sold nail products bearing the logos of luxury brands such as Louis Vuitton and Chanel via social media and flea market apps.
Performers play a traditional drum unique to Wajima, Ishikawa Prefecture, in the prefectural capital of Kanazawa on March 16 to mark the extension of the Hokuriku Shinkansen line to Tsuruga Station in Fukui Prefecture.
JAPAN / Society
Apr 26, 2024
Japan wants you to spend more with ‘luxury tourism’
The country is looking to nudge affluent tourists to lesser-known destinations with the offer of unique experiences of culture, craftsmanship and nature.
This pure gold tea bowl was stolen last week during a department store event and has been found at an antique shop in Tokyo.
JAPAN
Apr 16, 2024
Stolen pure gold tea bowl recovered at Tokyo antique shop
During the exhibition, the pure gold tea bowl was on display with no lock or alarm system.
Masafumi Kurisaka shows off a box of luxury Sakura Momo Ichigo strawberries, which can fetch a hefty price at auction.
COMMUNITY / Our Lives / 20 QUESTIONS
Apr 15, 2024
Masafumi Kurisaka: 'The fewer the flowers, the bigger the strawberry'
Masafumi Kurisaka turned his back on a corporate job to go into the family business: luxury strawberries that fetch a hefty price.
Peru's President Dina Boluarte, who is facing an inquiry into possible illicit enrichment and failure to declare ownership of luxury watches, addresses the audience during an assistance program for the elderly, in Lima on Feb. 22.
WORLD / Politics
Apr 3, 2024
How Rolexes put Peru's presidency at risk
Dina Boluarte is under investigation for illicit enrichment for possessing luxury timepieces watches without proving how she got them.
High-end tourism is becoming more about the kinds of experiences that Japan's lesser-known places can provide.
LIFE / Travel / Longform
Mar 25, 2024
Can Japan lure the jet-set class off the beaten path?
High-end travelers are looking for sustainability, wellness and adventure when they head abroad. Japan hopes to deliver in places other than Tokyo.
JAPAN / Crime & Legal
Mar 7, 2024
Tokyo police seek former boss of luxury watch rental firm over alleged embezzlement
The suspect, who is believed to have fled Japan, allegedly sold borrowed timepieces without permission from their owners.
South Korea's President Yoon Suk-yeol and his wife Kim Keon-hee have been plunged into controversy after hidden camera footage emerged appearing to show Kim accepting a Dior bag as a gift.
ASIA PACIFIC / Politics
Jan 24, 2024
'Dior bag scandal' mars South Korean ruling party before election
The controversy over the apparent acceptance of a gift by his wife may threaten Yoon Suk-yeol's bid to reclaim a parliamentary majority in April's election.
BUSINESS
Dec 20, 2023
Japan’s post-pandemic tourists shift spending to crafts and jewelry
Average spending on traditional handicrafts per visitor was ¥13,338 ($92) in the July-September quarter, up 80% from the same period in 2019.
What makes a good gift guide? The answers are as varied as they are complex.
LIFE / Lifestyle
Dec 16, 2023
The naughty and nice of creating holiday gift guides
The most shoppable gift guides, some say, suggest products that are novel but useful, surprising but thoughtful, affordable but not cheap.
A Tiffany store in Shanghai. Luxury companies are targeting VIC's, or very important clients, as China's post-pandemic economic slowdown dries up the spending power of the middle class.
BUSINESS / Economy
Nov 20, 2023
Exclusivity the name of the game as firms target China's wealthiest
Brands are focusing on selling fewer, more valuable items, relying on luxury consumers.
Japan's biggest beef bowl chain Sukiya to shut nearly 2,000 stores after rat and bug contamination
Zensho Holdings, operator of fast-food chain Sukiya, said it will close all of its stores in Japan, except for a small number in shopping centers, between Monday and Friday following recent contamination incidents.
Alert raised for volcano in southwestern Japan
Shinmoedake, a volcano located between Miyazaki and Kagoshima prefectures, in November 2019
Japan considers all possible options as Trump threatens new auto tariffs
Subaru cars awaiting export at a port in Yokohama on Thursday.
Nankai Trough earthquake could kill 298,000 people, government says
Residents participate in an evacuation drill held with West Japan Railway in Shirahama, Wakayama Prefecture, in January 2024 to prepare for a Nankai Trough earthquake and a possible tsunami following the quake.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
A Canadian made a weekend trip to Costco a Japanese pastime
Under the watchful eye of Ken Theriault, Costco representative director and Japan country manager, the American membership-model wholesaler has flourished in Japan.
Tokyo tech failures lean into misfortune, mistakes and missteps
Tsuyoshi Domoto in Tokyo's Shinjuku Ward on March 28. As an entrepreneur, Domoto experienced plenty of setbacks but maintains a positive attitude and continues to pursue his dreams.
Who among the opposition would join the ruling coalition?
Prime Minister Shigeru Ishiba enters his office in Tokyo on Friday.
Traveling the Three-Star Road, the tourist route made from thin air
Scenes like this snow-covered bridge leading to the village of Shirakawa-go are what make the Three-Star Road worth traveling — its name notwithstanding.
Recent spate of wildfires in Japan and South Korea linked to climate change
Smoke and flames rise from a wildfire in Andong, South Korea, on Tuesday.

Podcast

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