The Savigny Luxury Index (“SLI”) continued to rise and gained almost seven percent over the month.
The new head of TAG Heuer, luxury group LVMH’s biggest watch brand, has replaced half a dozen top managers as part of a drive to revive sales.
Which of the two french giants that dominate luxury fashion is best positioned for growth? Luca Solca, head of luxury goods at Exane BNP Paribas, does the analysis.
See the full list of twenty-six designers shortlisted for the second annual LVMH Prize, the winner of which will receive €300,000 and a year-long mentorship.
Hermès International SCA said profitability likely narrowed in 2014 amid currency fluctuations and that revenue growth may slow in the year ahead.
French luxury goods group LVMH blamed lower sales of high-end cognac to China for a 5-percent slide in core earnings last year, but its bottom line was rescued by the sale of a stake in handbag maker Hermès.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported full-year earnings that missed analysts’ estimates as Chinese shoppers curbed spending on Vuitton handbags and Hennessy cognac.
China’s luxury watch market will stabilize in 2015 as the industry recovers from last year’s decline in demand from high-end customers, according to Jean-Claude Biver, head of LVMH Moet Hennessy Louis Vuitton SA’s timepiece unit.
Tiffany & Co.’s plunging shares are bringing a takeover of the $11 billion luxury jewellery chain back into the realm of possibilities.
Both the Savigny Luxury Index and the MSCI World Index suffered from profit-taking in the first half of December.
LVMH Moet Hennessy Louis Vuitton SA, the largest luxury-goods company, booked a 2.81 billion-euro ($3.5 billion) capital gain after distributing its 23 percent stake in Hermès International SCA to investors.
BoF compiles the most important professional moves of the week.