Italy's Versace agreed a deal with Blackstone on Thursday that will see the U.S. private equity firm take a 20 percent stake in the fashion house in a deal valuing the company at one billion euros (823.31 million poun...
Global watchmaker Swatch has taken control of Dubai's Rivoli retail chain, the latest luxury group to take a closer interest in its emerging markets outlets in order to use local knowledge to manage its image and bett...
Louis Vuitton's pricey new Capucine leather handbags are selling like hot cakes in European fashion capitals, store managers said, signalling the world's biggest luxury brand could be regaining some of its lost sparkle.
Sales at luxury goods group Richemont rose 9 percent in the five months through August, just shy of forecasts, as weak demand for its watches in mainland China eclipsed strong jewellery sales in the Americas.
Italy's Luxottica is confident profits will continue to increase in 2013 in line with sales which rose to over 2 billion euros in the second quarter, boosted by growth in all markets, including recession-hit Europe.
Richemont's chairman and founder Johann Rupert is to take a year off from September, leaving management of the world's second-largest luxury goods group in the hands of a recently-named joint chief executive team.
Italy's Bottega Veneta plans to invest as much in new shops in Western Europe as in emerging countries in the coming years even though sales are growing quicker in new markets, its chief executive said.