Luxury
LVMH with 16% revenue growth
Moët Hennessy Louis Vuitton, one of the world’s leading luxury products group, recorded a 16% increase in revenue, reaching 38.4 billion euros in the first nine months of 2019
Hermès in expansion mode
The French-based luxury house announced the creation of a new leather goods workshop straddling the villages of Tournes and Cliron (Ardennes) by 2022
Kering: another step away from Puma
Kering launches an offering of bonds exchangeable into existing ordinary shares of Puma due 2022 for a nominal amount of 500 million euros. Another step by Kering to reduce its remaining stake in Puma
Harvey Nichols has a repair service for luxury accessories
It is called The Restory and is an on-demand service offering modern after care for luxury fashion, starting with shoes, bags and leather goods. They are on hand to repair and restore the items
Kering appoints new Chief Diversity, Inclusion and Talent Officer
According to the group the appointment of Kalpana Bagamane Denzel as Chief Diversity, Inclusion and Talent Officer signals a new stage in Kering’s determined action in support of diversity
Excellent first half for LVMH
One of the world's leading luxury groups recorded revenue of 25.1 billion euros in the first half of 2019, up by 15%. Organic sales at LVMH grew by 12% compared to similar period in 2018
Digital changed the conversation between consumers and brands
Watch the interview to learn a bit more about brands, digital and China according to the views of Maria Amelia Odetti from Secoo
Farfetch announces quarter with new record
The giant marketplace dedicated to luxury fashion has announced second quarter results marked by new records in revenue and Gross Merchandise Value
An investment year for Capri
The UK-based group has announced first quarter results with total revenue growing by 11.9%. The management of the Capri Holdings reaffirmed this will be the year to invest heavily in the business
Kering: strong growth in revenue
The French-based luxury group has announced two digit growth for the first half of the year with 18.8% for year on year revenue growth
Chanel appoints first Senior Executive for Diversity
Fiona Pargeter is joining Chanel from Swiss Bank UBS where she was head of Diversity and Inclusion for Europe, the Middle East and Africa
Bottega Veneta with new CEO
The Kering Group, owner of Bottega Veneta, announced the appointment of Bartolomeo Rongone as CEO of the brand, effective from the 1st of September 2019. He will report to François-Henri Pinault, Chairman and CEO of Kering and will be a member of the Group’s Executive Committee
Neiman Marcus with significant loss
The Texas-headquartered department store group reported falling third quarter revenue. Net loss reached 31.2 million US dollars, a worse result than the 19.9 million US dollars net loss from the previous year
Kering to relocate Swiss logistic activities
After the agreement with Italy’s Inland Revenue the French luxury group Kering might be on the verge to relocate most of its logistic activities to Italy
Harrods: world’s best performing luxury department store
The famous 170-years old luxury department store has proven its deep-rooted experience in the retail arena and scored in first ahead its competition-
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