MILAN, Italy — Luxury goods group LVMH is said to have made an offer for Pomellato, adding suspense to the protracted battle to acquire the Milan-based jeweller, which has been seeking capital since 2011.
PARIS, France — PPR's sportswear unit Puma will soon have a new chief executive, the French group's head said on Friday. PPR chief executive François-Henri Pinault was speaking at a news conference at which he unveiled a new name for the luxury goods group, which will be rebranded as Kering.
PARIS, France — PPR SA, the French owner of Gucci and Puma, will change its name to Kering to cap a transformation into a specialist in luxury products and sporting goods.
PARIS, France — Whether it is private financing or takeovers by major luxury groups like LVMH, the latest trend in fashion is to find a promising niche label that has no history but plenty of imagination.
MILAN, Italy — PPR is the leading suitor left in the quest to acquire Pomellato, having effectively edged out Swarovksi, Renzo Rosso and Prada, who were reportedly also interested in taking over the jeweller.
PARIS, France — PPR SA, the French owner of Gucci and Puma, is considering changing its name to Kering to cap its transformation into a luxury and sporting-goods specialist, according to people with knowledge of the plan.
BoF editor-in-chief Imran Amed recaps the week’s top developments in the business of fashion.
MILAN, Italy -- Pomellato SpA, the closely held jeweler whose trinkets have been worn by actress Tilda Swinton, has received expressions of interest from at least four luxury- goods makers, according to a person familiar with the situation.
PARIS, France -- PPR SA, the French owner of Gucci, said one of the Swedish buyout firm Nordic Capital’s funds agreed to buy Ellos and Jotex, two Scandinavian online home and apparel brands owned by its Redcats unit, for an enterprise value of 275 million euros ($364 million).
MILAN, Italy – With the release of Bottega Veneta’s sales figures for 2012, the PPR-owned Italian maker of discreet high-end leather goods and ready-to-wear publicly joins a small club of luxury companies that have crossed over into $1 billion-plus sales. While several mass luxury brands such as Coach and Michael Kors have surpassed the $1 billion mark in recent years, among high luxury brands only megabrands like Louis
LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 2.8 percent in January, outperforming the MSCI World Index (MSCI) by a touch over 1 percent. Positive economic news coming out of China sent the SLI into a mini-rally at the beginning of the month, however mixed corporate results announcements took some of the wind out of its sails. From a mergers and acquisitions perspective though, the year has started off with a
Why Some Labels Will Sidestep Fashion Week (WSJ) “New York’s calendar has become noticeably more crowded as labels squeeze in with entrepreneurial zeal. While fashion shows used to be limited to high-style labels, midprice contemporary labels and menswear brands are now muscling into New York. One reason: No official body controls the calendar, unlike in Milan and Paris, where just a few dozen labels are invited to show