Watsi, the health-care “crowdfunding” Web site that became the first nonprofit group to take part in an elite Silicon Valley program for start-up businesses, has secured $1.2-million in funding from tech-sector backers, VentureBeat and All Things D report.

For a long time it has been a rather one-sided exchange, but could European consumers finally be starting to embrace Chinese luxury? “There's a growing audience for Chinese brands – it's more lifestyle and homeware products at the moment, but that …

Researchers from the University of Minnesota conducted five experiments featuring 649 women and found that some ladies use "conspicuous consumption," or buying luxury items, to protect their relationship. "When a woman is flaunting designer products, …

The study says a "woman who is wearing luxury items and designer brands is perceived to have a more devoted partner and as a result other women are less likely to flirt with him." Also, that other women assume a man bought those luxury items for her.

Sri Lankan high street fashion brand Avirate–owned by the Timex and Fergasam Group, that set foot in India one-and-half-years back is drawing up an aggressive expansion plan. The company plans of opening up outlets in five to seven cities in India in …

ANALYSIS_ French luxury group LVMH on Thursday posted an 8 percent rise in like-for-like first-half sales, driven by a pick-up in demand at its fashion, leather goods and cosmetics units, and strong growth at its duty free shops. Profit on recurring …

The two companies have locked horns ever since LVMH, which owns Louis Vuitton and many other luxury brands, revealed in late 2010 that it had built up a 17per cent stake in the family-dominated Hermes. LVMH, led by tycoon Bernard Arnault, later built …

(Kitco News) – Comex gold futures prices are modestly lower in early U.S. dealings Friday. It's another quiet, summertime trading affair. There has been a lack of major, market-moving news late this week. Traders and investors are looking ahead to next …

LOS ANGELES — Two-time gold medalist Vasyl Lomachenko is ready to begin his pro boxing career, and he intends to wear a world title belt next year. The Ukrainian Olympic star has signed a multiyear deal with Top Rank, Bob Arum's promotional company …