Louis Vuitton, Tiffany & Co. and Prada's NZ revenues sink

Tiffany & Co. New Zealand's revenue is down 15%. (Image: Dean Purcell)

Mon, 26 May 2025

Overseas luxury companies are facing softer sales in New Zealand, but recent filings show their local profits remain intact. The NZ operations of three luxury brands, Louis Vuitton, Tiffany & Co. and Prada, reported financials for the year to Dec 31 to the Companies Office on Thursday. Sales declined at all three companies, but only Tiffany & Co. NZ declared a reduction in net profits. The results come as retailers around the country have been hit by a contraction in consumer spending.In January, Stats NZ's electronic...

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