French probe finds LVMH built up Hermes stake in secret
The French stock market authority has found LVMH secretly bought shares in rival Hermes to build a stake, and not merely make a financial investment as the luxury group has claimed, a...
Luxury
Qatar Holding and Italian fund eying Versace
Qatar Holding and an Italian state-controlled investment fund are interested in investing in Italian fashion house Versace, Il Sole 24 Ore said on Saturday.
Versace transforms Versus line into a ‘digital brand’
Presented at a New York event as well as online, Versace's second line is trying to break the rhythm set by the fashion week calendar.
Swatch's Harry Winston buys $26.7 million diamond at auction
Prestigious jeweller Harry Winston, which was acquired earlier this year by Swatch Group, bought a new colourless, flawless 101.73-carat diamond for a record $26.7 million at an auction...
Italy's Marzotto family and board members in $72 million tax settlement
Members of Italy's Marzotto family and board members at the eponymous fashion and textile group have made a 56 million euro ($72 million) tax payment after an investigation by Italian...
Global luxury goods market to cool in 2013
Growth in sales of luxury goods is expected to ease slightly this year, hit by subdued spending in Europe and slower growth in China, consultancy Bain & Co said in a study on Thursday.
Richemont chairman to take year off as growth picks up
Richemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the world's second-largest luxury goods group in the hands of a recently-named...
Coach could be looking to bag another brand
The American group is reportedly on the hunt for a new accessories brand to add to its current portfolio in the hope of jump-starting growth.
Hermès opens in Connecticut
Hermès recently celebrated the opening of its 27th U.S. store in the in the town of Greenwich, Connecticut, one of the East Coast's wealthiest towns and a target for many luxury brands.
Saint Laurent finally opens store on Paris’ Avenue Montaigne
Saint Laurent has opened its Parisian flagship at 53 Avenue Montaigne. The space measures 900m² and is decked out in the emblematic monochrome colours of the luxury fashion house, which...
Moncler steps up projects in advance of IPO
The down jacket brand has teamed up with the Japanese label White Mountaineering on a new collection. It is preparing to open a store in downtown Milan and bringing its children’s wear...
Tod's first quarter earnings fall and CEO sees growth abroad
Italian luxury shoemaker Tod's SpA said core earnings fell 4.6 percent in the first quarter as strong growth in international sales failed to offset the effects of a prolonged recession...
Chanel takes on Singapore
Chanel presented its Resort 2013/2014 collection last week in Singapore to an audience of 1200 people and aired for its short-film 'Once Upon A Time' featuring Keira Knightly in the role...
Italian shoemaker Ferragamo first quarter profit doubles
Italian luxury shoemaker Salvatore Ferragamo said on Monday its net profit in the first quarter more than doubled on the year to 24 million euros.
Italy's Cucinelli forecasts double-digit growth in 2013
Italian cashmere goods maker Brunello Cucinelli forecast double-digit growth internationally in 2013 despite the recession in its domestic market reducing consumption of luxury goods....
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