Labels from Gucci to Burberry are struggling as aspirational shoppers pull back from extravagance

Birkin bag maker remains one of the industry’s strongest performers

Parents and grandparents spoil their kids with expensive fashion products as low birth rate leads to smaller families

Second-quarter performance adds to French luxury group’s woes as top brand Gucci’s struggles continue

Profits also come in below expectations adding to investor concerns amid weak Asia sales

Jean-Marc Gallot’s efforts to broaden occasions when people drink bubbly butts up against tradition