LVMH to Sponsor Paris Olympics in a First for Luxury Group
LVMH agreed to become a premium sponsor of the 2024 Summer Olympics in Paris in the first deal
2023-07-25 14:55
Remy Cointreau Sales Drop 35% as US Cognac Demand Skids
Remy Cointreau SA said first quarter sales fell sharply, as expected, with US consumption of cognac dropping to
2023-07-25 13:50
Ray-Ban Maker Accused in Lawsuit of Inflating Prices 1,000%
The French-Italian owner of the Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to
2023-07-22 09:23
Billionaire Cheng Family Takes Over Vietnam Casino Resort
Hong Kong’s billionaire Cheng family has assumed control of a casino resort in Vietnam from the former listed
2023-07-21 09:50
Elon Musk’s Wealth Slumps $20 Billion as Tesla Shares Tumble
Elon Musk’s fortune slumped $20.3 billion Thursday after Tesla Inc. warned it may have to keep cutting the
2023-07-21 04:53
European Stocks Slide as Chip Sector Hurt By TSMC Outlook Cut
European stocks opened lower as chip stocks were dragged down by Taiwan Semiconductor Manufacturing Co. outlook cut, while
2023-07-20 15:50
Kering Said to Tap Defense Advisers as Activist Bluebell Circles
Kering SA is speaking to defense advisers as activist investors including Bluebell Capital Partners Ltd. circle the French
2023-07-19 21:23
Gucci CEO Bizzarri to Leave as Label’s Slump Drags on Kering
Gucci Chief Executive Officer Marco Bizzarri is set to leave the brand as owner Kering SA moves to
2023-07-19 15:24
Analysis-Why China could become the luxury industry's next sore spot
By Casey Hall and Mimosa Spencer SHANGHAI/PARIS The luxury goods industry has relied heavily on China and North
2023-07-19 10:19
LVMH’s Sephora Weighs New China Head to Seek €20 Billion Sales
Sephora, the cosmetics retailer owned by luxury conglomerate LVMH, is considering an overhaul of its China operations, including
2023-07-18 20:27
Ralph Lauren Will Keep Raising Prices to Boost Brand Prestige
Ralph Lauren Corp. plans to keep lifting the average price of its products, a sign the US apparel
2023-07-18 05:47
European Stocks Decline on China Data as LVMH Leads Luxury Lower
European stocks fell on Monday as weak economic data from China hit risk sentiment, while investors turned to
2023-07-17 18:30