France
Brazilian exports cross the 965 million US dollars threshold
Data gathered by the Brazilian Footwear Industries Association (Abicalçados) indicates that 114.55 million pairs of shoes were shipped abroad between January and December, generating 967 million US dollars in exports in 2019
Saint Laurent to open new leather goods factory in Italy
French luxury brand Saint Laurent, which belongs to the Kering group, will open a new location for handbags and wallets near Florence
LVMH names Hélène Valade Director of Environment
French luxury group LVMH has just appointed Hélène Valade as Director of Environmental Development. The executive replaces Sylvie Bénard, who will retire after 26 years in office
LVMH acquires stake in Masoni tannery
The French-based luxury group acquired a minority stake in the Santa Croce sull'Arno (Florence) tannery Masoni Industria Conciaria SpA stock package. The deal was made through the LVMH division Métiers d' Art
Growth of Brazilian exports driven by US market
Between January and November this year 104.2 million pairs of shoes were exported by Brazil, resulting in revenue of 886.3 million US dollars. The US market continues to grow
Massimo Piombini leaves Balmain
The company's CEO has stepped down after two years in the job. A new CEO is expected to join Balmain in February next year
Louis Vuitton buys Tiffany for 16 billion US dollars
The companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for 135 US dollars per share, resulting in a deal of 14.7 billion euros or 16.2 billion US dollars
Institut Français de la Mode inaugurated IFM - Kering Sustainability Chair
The event was attended by François-Henri Pinault, Chairman and CEO of Kering and Xavier Romatet, Dean of IFM
Most expensive shopping streets revealed
According to a recent study by Cushman & Wakefield commercial leases in Causeway Bay in Hong Kong are the most expensive in the world
Robust growth for Hermès
For the third quarter of the current fiscal year Hermès' consolidated revenue totalled 5 012 million euros, up by 16% at current rates. Leather Goods and Saddlery up by 12%
Kering with 14.2% revenue's growth
The luxury house posted consolidated revenue of 3 884.6 million euros in the third quarter, corresponding to 14.2% growth
Luxury giant LVMH eyed at Tiffany
French-based luxury goods giant LVMH is aiming to buy Tiffany & Co., the iconic New York jeweller
24 new companies join the Fashion Pact
Signatory companies of the Fashion Pact have met in Paris for a first working meeting and 24 more companies joined the group
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