In U.S. District Court in South Bend today it was argued that Horvath made a total of six illegal loans worth about $1 million and that she spent $800,000 of that on luxury items including a new BMW. Horvath offered a tearful apology and asked the …

WICHITA, Kansas — A Wichita store owner has admitted to trafficking in fake luxury items bearing designer labels such as Prada and Chanel. Glenda Sue Morgan pleaded guilty Tuesday in federal court in Wichita to one count of trafficking in goods …

Next to the luxury items up for auction were surprisingly mundane objects, such as costume jewellery and cheap prints, an indication that either the narcos were duped into buying fakes, or that some of the originals may have been quietly switched in …

A Cartier store offers luxury watches and jewellery in Shanghai. Sales of personal luxury items such as apparel and watches will rise just 2 percent to 217bn euro this year, and 6 percent on a currency-neutral basis, according to a report by Bain …

Whereas smartphones are coming to be seen as a necessity, tablets for the time being remain luxury items. Some companies are trying to change that, but they aren't named Apple. Apple now finds itself relying heavily on two major product lines, both of …

However, in Western countries, it has become fashionable to buy often overpriced second-hand materials and transform them into luxury items with huge price tags. I recently saw a design story from America in which "scouts" looked for old car chassis to …

Sales of personal luxury items such as apparel and watches will rise 2 percent to 217 billion euros ($300 billion), a fifth of last-year's pace, the business advisory firm said today in a global report. That would be the weakest growth since sales …

Like all others, the luxury sector offers plenty of opportunities for profit, however, if you are looking to invest in luxury items, you also have to watch out for risks, especially given the recent developments in the US and China, writes Andrew Scott …

Shoppers walk past a Prada store at Hong Kong's shopping Tsim Sha Tsui district September 16, 2013. — Reuters picPARIS, Oct 28 — Worldwide luxury–goods sales will expand at the slowest pace since 2009 this year as slack Chinese consumption and the …