Has Arnault launched the mating dance of the bling kings?
By Bloomberg Published Feb 1, 2024 The wolf is licking its lips. The prey is not wearing a red hooded cape, but Van Cleef Arpels jewelry. Van Cleef & Arpels …
Richemont
Diesel initiates campaign against counterfeiting
Translated by Roberta HERRERA Published Feb 1, 2024 Leveraging cutting-edge technology, Diesel has achieved a “substantial decrease in the number of counterfeit Diesel products” in the market. The renowned denim …
Bernard Arnault in witty mood at LVMH results’ presentation
Translated by Nicola Mira Published Jan 29, 2024 Last Thursday, a few seconds after 6 pm CET, as soon as trading at the Paris Stock Exchange closed for the day, …
Dior and Louis Vuitton encouraged to “slow down their growth” in 2024
Translated by Roberta HERRERA Published Jan 27, 2024 During the announcement of LVMH’s annual results on Thursday, January 25, the French conglomerate’s chairman, Bernard Arnault, once again highlighted “the outstanding …
Luxury market “a game for the big players,” says president of Valentino and Balmain
By AFP Translated by Nicola Mira Published Jan 26, 2024 Faced with weakening demand, the luxury goods market is increasingly becoming “a game for the big players,” said Rachid Mohamed …
South African businessman gains R15.1 billion in just 24 hours!
In a single day, South African businessman Johann Rupert, a renowned billionaire, experienced a remarkable financial gain. On Thursday, 18 January 2024, Rupert’s fortune surged by a staggering R15.1 billion. …
Swatch Group sales miss record as strong franc dents results
By Bloomberg Published Jan 23, 2024 Swatch Group AG failed to hit the sales record predicted by its chief executive officer as the return of customers in China for brands …
Richemont Q3 sales rise 4%; Alaïa, Delvaux, Dunhill and Peter Millar are strong
Chloé, Alaïa and Dunhill owner Richemont has reported its results for Q3 — the all-important ‘Golden Quarter’ — with sales up by 4% on a reported basis to €5.593 billion, or …
Luxury’s rebound is proving elusive as China gloom adds to warnings
By Bloomberg Published Jan 17, 2024 Luxury stock investors are facing the risk of more bad news as the likes of Burberry Group Plc and Hugo Boss AG fell short …
Struggling fashion house Trussardi nears brand, assets sale
By Bloomberg Published Jan 16, 2024 Struggling Italian fashion house Trussardi SpA is nearing a deal that will see it transferred to a new owner and have assets sold off …