The Savigny Luxury Index (“SLI”) leapt by 6.7 percent this month, overperforming the MSCI World Index (“MSCI”) by almost six percentage points, as luxury sector investors seem to have received the reassuring they needed from a number of positive signals, reports Pierre Mallevays of Savigny Partners.
MILAN, Italy — New York private-equity fund Blackstone Group has reportedly taken a 20 percent stake in Gianni Versace SpA, after a drawn-out bidding process that also included Investcorp and CCMP.
Sonny Vandevelde brings us behind-the-scenes shots from Milan menswear week.
Uncertain expectations over Christmas trading amidst mixed retail signals led many institutional investors to take their profit before closing their books at year-end. Meanwhile, the travel retail channel continues to surge and M&A activity remains buoyant, reports Pierre Mallevays of Savigny Partners.
The Savigny Luxury Index has gained good ground in September and is up by 3.7 percent, outperforming the MSCI World Index by over one percentage point, as Asian tourist flows to Western fashion hubs remain strong and the world’s largest luxury conglomerates snap up young designers, reports Pierre Mallevays of Savigny Partners.
MILAN, Italy — As Milan Fashion Week continues, our trusty contributing photographer Sonny Vandevelde provides us with behind-the-scenes photos from the Pucci, Bottega Veneta, Versace, Jil Sander, Trussardi, Roberto Cavalli and Emporio Armani shows.
MILAN, Italy — Versace expects to finalise a shortlist for buyers interested in a minority stake in the Italian fashion house by mid-October and decide on a partner by the end of 2013, chief executive Gian Giacomo Ferraris said on Friday.
MILAN, Italy — Versace is vetting offers from investors interested in buying a minority stake in the Italian fashion house to support its growth plans, designer Donatella Versace said in an interview published on Sunday.
MILAN, Italy — Gianni Versace SpA is in talks to raise about 250 million euros ($333 million) through a stake sale to help finance the fashion house’s expansion, said people with knowledge of the situation.
MILAN, Italy — Gianni Versace SpA, the Italian luxury-goods maker weighing options to pay for growth, said it plans to sell a minority stake privately before selling shares to the public in three to five years.
HONG KONG, China — Italian fashion house Versace says it has signed a deal to build a luxury hotel at a casino-resort in Macau, the world's top gambling market.
PARIS, France — French billionaire Bernard Arnault wants you to spend the night and eat his pastries. After decades of acquiring luxury goods that consumers can drink and wear, the chairman of LVMH Moet Hennessy Louis Vuitton SA last week bought a five-star hotel in St. Barths and in June added a storied Milanese cafe, accelerating his push to meet all his well-heeled clients’ earthly needs.