SAN FRANCISCO, United States — EBay Inc. Chief Executive Officer John Donahoe called the delivery of products by drones — a project that rival Amazon.com Inc. is working on — a fantasy.
PARIS, France — Chanel has acquired its long-time lamb hide provider, the French tannery Bodin-Joyeux, in the latest purchase by a luxury brand of a partner that supplies top quality materials.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, named Antoine Arnault chairman of cashmere clothier Loro Piana SpA, expanding the responsibilities of billionaire Bernard Arnault’s eldest son.
PARIS, France — Kering SA, the owner of Gucci, entered exclusive talks to sell La Redoute to management, aiming to complete the disposal of the mail-order unit in the first half of 2014 as it focuses on luxury and sporting goods.
NEW YORK, United States — Online shopping surged to a record on Cyber Monday as many consumers snubbed physical stores and took to the Web to buy holiday gifts.