luxury goods – News Stories About luxury goods - Page 5

Feb 20, 2008 9:21 AM CST

Made in Italy — in a Chinese Sweatshop

Italian luxury goods made by Chinese labor cost 90% less

(Newser) - For consumers of luxury goods, the "Made in Italy" designation remains so prestigious that it can add 300% to an item's price. But the days of artisans plying their trade in little workshops are largely over, the Los Angeles Times reports, replaced by thousands of Tuscan factories employing Chinese...

Investors Uncork Wild Wine Prices

Dec 30, 2007 6:50 PM CST

Investors Uncork Wild Wine Prices

Internet, foreign funds make even second-tier wines pricier

(Newser) - Investors are uncorking a new area of speculation these days: fine wine. Thanks to the Internet, which has turned an elite hobby into a worldwide auction, prices are overflowing. Buyers can even throw money at vino investment funds and an electronic trading exchange based in London, which is up 39%...

Nokia Wins Big on Luxe Phones

Dec 24, 2007 4:25 PM CST

Nokia Wins Big on Luxe Phones

Decked-out cell phones seen as status symbol for mega-rich

(Newser) - Nokia is enjoying increasing success with its Vertu subsidiary, a maker of luxury cellphones, as a super expensive phone becomes a status symbol for the mega-rich. Der Spiegel reports that Vertu phones, which come diamond- or gold-encrusted, make the iPhone look absolutely pedestrian with a price range from $6,500...

Online Buyers Want Blenders, Not Diamonds

Dec 24, 2007 3:03 PM CST

Online Buyers Want Blenders, Not Diamonds

Luxury takes a backseat to the practical this season

(Newser) - With a shaky economy causing consumers angst this holiday season, online e-tailers say shoppers are opting for functional over frivolous. E-sales of furniture and appliances have spiked more than 70%, while sales of jewelry, watches, and flowers have dropped, reports the New York Times. “It’s certainly counter to...

Campbell's Sells Godiva

Dec 21, 2007 11:59 AM CST

Campbell's Sells Godiva

Soup maker gets $850M, will focus on core businesses

(Newser) - To ensure that its bottom line stays “M'm! M'm! Good,” the Campbell Soup Company sold its upscale Godiva chocolate brand yesterday for $850 million. Yildiz Holding of Turkey beat out Starbucks and Hershey’s to nab the Belgian chocolatier, which racks up $500 million in annual sales, the...

Stocks Rise as Traders Find Signs for Optimism

Sep 6, 2007 4:52 PM CDT

Stocks Rise as Traders Find Signs for Optimism

Spending, productivity outpace estimates

(Newser) - US stocks rose today, Bloomberg reports, boosted by news that back-to-school and luxury shopping outpaced forecasts, along with a spike in worker productivity and a slowdown in labor costs. The Dow climbed 57.88 to 13,363.35. The Nasdaq gained 8.37 to finish at 2,614.32, and...