Tag: Luxury Goods

11Aug By adminNo Comments

World

Diamonds Are on Sale. They Won't Be Forever.

A postpandemic glut has led to falling prices for some gems, but they are likely to bounce back.

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10Aug By adminNo Comments

Money

Coach Owner Takes on European Luxury Heavyweights

Tapestry’s $8.5 billion acquisition of Capri Holdings won’t solve all of the U.S. luxury company’s problems.

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10Aug By adminNo Comments

World

America's New Fashion Powerhouse Is Still Dwarfed by Europe's Luxury Giants

Tapestry’s $8.5 billion acquisition of Capri would create a conglomerate with more than $12 billion in annual sales, but it would still lack the high-wattage labels and diversity that have fueled LVMH’s success.

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7Aug By adminNo Comments

Money

Kim Kardashian Taps Ex-Apple, Burberry Executive for Private-Equity Firm

Angela Ahrendts will be joining SKKY Partners as senior operating adviser.

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4Aug By adminNo Comments

Money

Gucci Works Its Socks Off to Be Cool Again

A big test for the fashion brand comes in September

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28Jul By adminNo Comments

World

Hermes Earnings Jump on Strong Asia Growth

Hermes said recurring operating income grew 28% in the first half to almost €3 billion, helped by the rebound of wholesale and in-store sales in Asia, and the company backed its medium-term goal for revenue growth at constant exchange rates.

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28Jul By adminNo Comments

Money

Gucci-Owner Kering Buys Stake in Valentino

The deal is part of a return to big-ticket transactions for the French luxury conglomerate, after an agreement to purchase cologne-maker Creed.

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14Jul By adminNo Comments

World

Burberry Backs Full-Year Views

Burberry reiterated its full-year and mid-term guidance after posting an 18% rise in first-quarter sales, in line with expectations.

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11Jul By adminNo Comments

Money

Kim Kardashian in Talks to Buy Back Stake In Beauty Business From Coty

The reality star and entrepreneur had previously sold a 20% position in SKKN at $1 billion valuation.

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3Jul By adminNo Comments

World

Tesco Names New Chairman

Tesco said Gerry Murphy has been appointed chairman and will join the board on September 1, replacing Byron Grote who will take up his previous role as senior independent director.

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