TOKYO, Japan — Mori Building Co., Japan’s biggest closely held developer by sales, and LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, are part of a group that will develop a retail and office complex in Tokyo as they anticipate increasing consumer spending.
LONDON, United Kingdom — The Savigny Luxury Index (‘SLI’) increased by almost 3 percent in November, while the MSCI World Index (‘MSCI’) slipped nearly 1 percent for the month. From mid-November, global markets and the SLI enjoyed a strong rally on better economic news from China and hopes that the US might avoid the feared fiscal cliff. Big news A flurry of positive economic newsflow has lifted investors’
Louis Vuitton picks Constans as new chief (FT) “Yves Carcelle, chief executive of Louis Vuitton, will stand aside at the end of the next year to be replaced by Jordi Constans, a senior executive of Danone, the French yoghurt group. The move, announced by Louis Vuitton’s parent company LVMH on Wednesday, reflects a trend among luxury goods groups to hire senior executives from the consumer goods industry as their rapid