A former partner at Bain & Co has launched a $50 million fund focused on cosmetics and beauty products derived from hemp, a type of cannabis.
Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods maker, reported third-quarter revenue that met analysts'
PARIS, France — Worldwide luxury-goods sales could increase this year at the slowest pace since 2009 as spending falls for the first time in China
MILAN, Italy — Sales of luxury goods are expected to grow more slowly in 2014 compared with last year as weakness in China, Russia and Europe