Louis Vuitton store in Kobe, Japan | Source: WikicommonsPARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods company, reported first-quarter sales growth that matched estimates, led by gains in the wines & spirits unit and at DFS duty-free stores.
R.M. Williams Boots | Source: DenimhuntersL Capital Asia and Malaysia’s YTL Corporation have acquired a 49.9 percent stake in Australian boot and apparel retailer R.M. Williams.
SHANGHAI, China — For decades, made-in-Asia luxury has been shorthand for “fake.” Now, companies from South Korean bag maker Couronne to Malaysian dressmaker Farah Khan are making a case for homegrown chic. Couronne, Khan and brands such as Woo, a Shanghai-based producer of silk scarves, are winning clients with products that can rival goods made in Europe. Their growing popularity, amid slowing sales at Louis Vuitton and other European brands, shows how demand is changing in Asia, with consumers favoring fresh designs over ubiquitous logos. The trend may lead to more acquisitions in the region as companies such as LVMH Moet Hennessy Louis Vuitton SA and PPR SA seek to boost growth. “Luxury brands of the 21st Century can come out…
Bernard Arnault | Source: PursuitistPARIS, France — Bernard Arnault, France's richest man, has abandoned attempts to obtain Belgian nationality and will keep paying tax in his native country after months of speculation that he, like movie star Gerard Depardieu, wanted to dodg...
Bimba & Lola Spring/Summer 2013 | Source: Bimba & LolaL Capital, a private equity fund sponsored by LVMH, is reportedly in talks to invest in Spanish contemporary brand Bimba & Lola, according to Modaes.es, a Spanish fashion trade website.
