[ad_1] Translated by Nicola Mira Published Feb 12, 2024 The LVMH Prize, one of fashion’s most important emerging designer competitions, is staging its 11th edition, having been first organised by the world’s number-one luxury group in 2014. This year, it received over 2,500 applications from around the world, compared to 2,400 last year, and has […]
Read More[ad_1] By Bloomberg Published Feb 12, 2024 Driving-shoe maker Tod’s SpA always looked like a private company, what with the Italian Della Valle family having a majority. Now it soon might be. The founding family is teaming up with L Catterton, the private equity firm backed by LVMH, to buy out the remaining shares, valuing the company at […]
Read More[ad_1] By Reuters API Published Feb 12, 2024 Shares in Tod’s rose 17.4% on Monday, after private equity firm L Catterton offered to buy 36% of the luxury shoemaker and take it private, in agreement with the Della Valle founding family. Shares rose to 42.7 euros each by 0835 GMT, just below the 43 euros […]
Read More[ad_1] By Bloomberg Published Feb 9, 2024 Just over a year after China ended its Covid-Zero policy, the expected bounceback in spending on high-end consumer goods has failed to live up to expectations. See catwalkMiu Miu – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics L’Oreal shares tumbled as much as 7.7% on Friday after […]
Read More[ad_1] By Bloomberg Published Feb 9, 2024 Investors are looking for the next turnaround story in luxury. Gucci-owner Kering SA seems like a good fit. See catwalkGucci – Fall-Winter2024 – 2025 – Menswear – Italie – Milan – ©Launchmetrics/spotlight But with the company warning on Thursday that investing in its brands will mean a decline in […]
Read More[ad_1] By AFP Published Feb 9, 2024 French luxury giant Hermes posted on Friday record annual sales and net profit, with plans to reward all employees worldwide with a bonus following strong growth in every region last year. See catwalkHermes – Fall-Winter2024 – 2025 – Menswear – France – Paris – ©Launchmetrics/spotlight The group reported […]
Read More[ad_1] Translated by Roberta HERRERA Published Feb 9, 2024 Since the start of the decade, the luxury group Kering has made significant strides in real estate acquisitions, investing hundreds of millions of euros annually. Notable among these acquisitions are the future Gucci flagship on rue de Castiglione in Paris, slated to open its doors in […]
Read More[ad_1] By Reuters API Published Feb 8, 2024 Ralph Lauren topped Wall Street expectations for revenue on Thursday in its 12th straight quarterly beat, powered by steady demand from wealthier U.S. shoppers for its expensive sweaters and shirts coupled with a strong rebound in China. Shares of the company jumped about 6% in premarket trading. […]
Read More[ad_1] By Bloomberg Published Feb 8, 2024 After years on the sidelines, Morgan Stanley is finally joining the bulls pushing Hermes International shares to record highs. See catwalkHermes – Fall-Winter2024 – 2025 – Menswear – France – Paris – ©Launchmetrics/spotlight The broker upgraded the maker of Birkin and Kelly handbags to overweight on Wednesday, its […]
Read More[ad_1] By Reuters API Published Feb 7, 2024 Investors will be looking to see if Gucci‘s new creative director Sabato de Sarno can move the needle on the company’s financial performance when its owner Kering reports full-year earnings on Thursday. Gucci’s sales have lagged rivals such as LVMH-owned Louis Vuitton and Dior in recent years, […]
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