LVMH Results Send Chill Across Luxury Goods Sector

Christian Dior, the luxury goods group, is the main holding company of LVMH | Source: Reuters

The outlook for the luxury goods industry darkened on Friday as poor results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were major factors curbing spending by Chinese and Russian customers.

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Sources Say Roberto Cavalli Nearing €450 Million Sale to Permira

Roberto Cavalli 2014 | Source: Cavalli

LONDON, United Kingdom — Italian designer Roberto Cavalli is in advanced talks to sell a majority stake in his eponymous fashion house to London-based buyout firm Permira in a sale worth about 450 million euros ($621 million), four sources close to the deal told Reuters.

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