French haute-couture house Chanel has announced the acquisition of a majority stake in Paima, the Italian knitwear specialist, of which the house is a long-time customer.
Pernod Ricard shares opened higher Wednesday after the French spirits group said it would book an additional $163 million in pre-tax profit that will be reflected in its 2020-2021 accounts.
Capri Holdings, parent company of Michael Kors, has announced that luxury veteran Joshua Schulman will become president and CEO of its flagship brand positioned in the accessible luxury segment. Schulman will also
Tiffany & Co. today announced the launch of its latest campaign celebrating modern love, featuring star couple Beyoncé and JAY-Z. Synonymous with the world’s greatest love stories since 1837, the launch of
With demand for luxury goods returning, U.S. multinational Tapestry, owner of New York fashion chain Coach, expects higher-than-expected earnings.
[vc_row njt-role=”people-in-the-roles” njt-role-user-roles=”administrator,editor,author,armember”][vc_column][vc_column_text] The 89th edition of the Le Mans 24-Hour race, originally scheduled for June 12 and 13, 2021, will finally take place on August 21 and 22. The opportunity to
This Thursday, luxury stocks are down sharply following the announcement of a wealth redistribution plan and a possible increase in wealth tax mentioned by the Chinese leader Xi Jinping.
More than a year after announcing its bankruptcy filing, Neiman Marcus is finally getting back on its feet with a new campaign that suggests a better tomorrow. Indeed, on Thursday, May 7,
While China is on its way to becoming the world’s largest luxury goods market, it is also where 80% of the counterfeit products seized by customs come from. In order to alleviate
After the publication of disappointing results regarding the state of the Chinese economy, the world’s stock markets also plunged on Monday.