Luxury Goods Theft Causes Hermès Collection Preview Cancellation

Hermès Autumn/Winter 2013/14 Campaign | Source: Hermès

MILAN, Italy — Hermes accessories worth 400,000 euros ($550,900) were stolen in Milan, forcing the French luxury goods group to cancel a presentation on Wednesday even after the items were recovered by police, a company spokeswoman said.

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Market Pulse | Syria Crisis Pours Cold Water Over the Savigny Luxury Index

Savigny Luxury Index August 2013 | Source: Savigny Partners

LONDON, United Kingdom — Despite a string of positive results announcements, the Savigny Luxury Index (“SLI”) lost 0.9 percent in August, nevertheless outperforming the MSCI World Index (“MSCI”) by close to one percentage point, as markets shuddered at the prospect of foreign intervention in the Syrian conflict.

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A $38,000 Handbag? For World’s Ultra-Rich, the Cost of Accessories Can Be Astronomical

Oprah Winfrey | Source: Associated Press

ZURICH, Switerland — In the upscale boutiques of Singapore, New York or Zurich — where Oprah Winfrey claims a sales clerk refused to show her a $38,000 bag — purses priced in the four figures are common.

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LVMH Increases Holding in Rival Hermès in ‘Opportunistic’ Move

LVMH Chairman and CEO Bernard Arnault | Source: Courtesy photo

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods maker, said it increased its stake in Hermès International SCA to 23.1 percent from 22.6 percent in what it described as “an opportunistic move.”

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LVMH Fined $10.4M for Hermès Share Purchases

PARIS, France — France's market regulator is fining luxury conglomerate LVMH Moet Hennessy Louis Vuitton 8 million euros ($10.4 million) for not disclosing its intention to build up a significant stake in handbag and scarf maker Hermès. The AMF said Monday that LVMH was too slow in revealing its stake, which was built by using foreign subsidiaries. Large transactions are supposed to be disclosed quickly since they can affect share prices. LVMH raised its stake in Hermes to 14.2 percent in 2010, to the apparent dismay of the Hermès family. Hermès has accused the luxury giant of insider trading, claims the Paris prosecutor's office is investigating. LVMH, which since increased its stake to 22.3 percent, has called those charges unfounded…

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Photo Diary | Paris Men’s Fashion Week, Day 4: Dior Homme, Miharayasuhiro, Damir Doma, Hermès, Ami, Lanvin

Dior Homme Spring/Summer 2014 | Photo: Sonny Vandevelde

PARIS, France — Concluding Paris Men's Fashion Week, our trusty contributing photographer Sonny Vandevelde brings us backstage imagery from the Dior Homme, Miharayasuhiro, Damir Doma, Hermès, AMI Alexandre Mattiussi and Lanvin shows.

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