Luxury brands position for US boom
The growing appeal of luxury goods to men and increased confidence among affluent spenders as the U.S. economy and asset prices recover have boosted sales and encouraged luxury brands to...
Luxury
Cannes film festival hit by second jewellery theft
The Cannes film festival was hit by a second jewellery heist on Thursday after a diamond necklace worth 2 million euros (1.7 million pounds) disappeared during a star-studded party,...
Prada says not planning on making acquisitions
Italian fashion house Prada is not planning on returning to the acquisition trail for now, its chief executive said on Thursday, dousing speculation it might be in the hunt for deals.
Hermès brand Shang Xia to open first store outside of China
Shang Xia, launched in 2010 by Hermès, will open its first store outside of China in Paris this September according to a press release from the company.
Paco Rabanne and creative director part ways
Lydia Maurer has resigned as creative director of women's wear at Paco Rabanne, owned by Spanish group Puig.
Armani turnover exceeds 2 billion euros
Italian fashion group Giorgio Armani's sales revenue rose over 2.0 billion euros ($2.6 billion) last year - a 16-percent increase from 2011 and including an 11-percent jump in crisis-hit...
Burberry profit rises 14 percent on Asia retail growth
British luxury group Burberry said full-year pretax profit rose a better-than-expected 14 percent on strong retail growth in Asian markets, where it is increasing numbers of Burberry...
Richemont fashion and accessories head steps down
Richemont said Marty Wikstrom is resigning as chief executive of its fashion and accessories businesses, the latest in a string of recent management changes at the world's second biggest...
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...
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...
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