Conglomerates
Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci
The 88-year-old founder of Kering SA has seen his net worth drop by 29 percent to $18.6 billion since August 2021.
Francois Pinault’s Wealth Slides as Heir Fails to Revive Gucci
The 88-year-old founder of Kering SA has seen his net worth drop by 29 percent to $18.6 billion since August 2021.
Kering’s Woes Deepen as Gucci Sales Tumble 25%
Group revenues fell 14 percent in the first quarter as Saint Laurent and Balenciaga also suffered from the downturn in luxury demand.
Kering’s Woes Deepen as Gucci Sales Tumble 25%
Group revenues fell 14 percent in the first quarter as Saint Laurent and Balenciaga also suffered from the downturn in luxury demand.
Hermès Heir ‘Strongly Contests’ Lawsuit Over $16 Billion Fortune
Honor America Capital LLC accused Nicolas Puech, a fifth-generation descendant of the Hermès founder, of failing to deliver Hermès International SCA shares worth $16 billion as part of a sale agreement. Puech’s lawyer stated his client wasn’t involved in the deal.
Hermès Heir ‘Strongly Contests’ Lawsuit Over $16 Billion Fortune
Honor America Capital LLC accused Nicolas Puech, a fifth-generation descendant of the Hermès founder, of failing to deliver Hermès International SCA shares worth $16 billion as part of a sale agreement. Puech’s lawyer stated his client wasn’t involved in the deal.
Jonathan Anderson’s Dior Debut Is Slated for June
The former Loewe designer was confirmed as artistic director for men’s collections in a brief statement by LVMH chairman Bernard Arnault that left plenty of questions unanswered.
Jonathan Anderson’s Dior Debut Is Slated for June
The former Loewe designer was confirmed as artistic director for men’s collections in a brief statement by LVMH chairman Bernard Arnault that left plenty of questions unanswered.
Hermès Market Value Surpasses LVMH, Which Once Tried to Buy It
Hermès’ market capitalisation reached €243.65 billion on Tuesday, briefly surpassing that of LVMH and making it the most valuable company on France’s benchmark CAC40 index.
Hermès Market Value Surpasses LVMH, Which Once Tried to Buy It
Hermès’ market capitalisation reached €243.65 billion on Tuesday, briefly surpassing that of LVMH and making it the most valuable company on France’s benchmark CAC40 index.
LVMH Sales Miss Expectations
First-quarter fashion and leather goods sales fell 5 percent for the luxury giant, whose brands include Louis Vuitton and Dior.
LVMH Sales Miss Expectations
First-quarter fashion and leather goods sales fell 5 percent for the luxury giant, whose brands include Louis Vuitton and Dior.
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain
A luxury stocks index compiled by Goldman Sachs Group Inc. has shed more than $200 billion from its February peak. LVMH reports 1Q sales Tuesday as hopes are evaporating that US resilience or Chinese stimulus can spark a lasting rebound.
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain
A luxury stocks index compiled by Goldman Sachs Group Inc. has shed more than $200 billion from its February peak. LVMH reports 1Q sales Tuesday as hopes are evaporating that US resilience or Chinese stimulus can spark a lasting rebound.
This Week: What’s LVMH’s Take on Tariffs?
The luxury conglomerate’s earnings will provide a window into how the sector’s biggest brands are expecting the rest of 2025 to go.
This Week: What’s LVMH’s Take on Tariffs?
The luxury conglomerate’s earnings will provide a window into how the sector’s biggest brands are expecting the rest of 2025 to go.
Will Prada’s Versace Bet Pay Off?
Prada is adding one of Italy’s most famous brands to its stable at an attractive price. But the group is also piling on complexity in a difficult luxury market.
Will Prada’s Versace Bet Pay Off?
Prada is adding one of Italy’s most famous brands to its stable at an attractive price. But the group is also piling on complexity in a difficult luxury market.
Capri’s Versace Blunders Opened Door to Prada Takeover
The US group sold Versace at a roughly $700 million loss after a strategy rooted in more muted designs and higher prices sent sales growth significantly off course.
Capri’s Versace Blunders Opened Door to Prada Takeover
The US group sold Versace at a roughly $700 million loss after a strategy rooted in more muted designs and higher prices sent sales growth significantly off course.
Capri Aims to Revive Michael Kors With Lower Prices, Amazon E-Commerce Sales
Capri Holdings will bank on mid-tier pricing and a partnership with Amazon following its sale of Versace to Prada, indicating it may relinquish its image as a luxury fashion conglomerate.
Capri Aims to Revive Michael Kors With Lower Prices, Amazon E-Commerce Sales
Capri Holdings will bank on mid-tier pricing and a partnership with Amazon following its sale of Versace to Prada, indicating it may relinquish its image as a luxury fashion conglomerate.
Prada Group to Buy Versace for €1.25 Billion
Prada plans to invest an additional €250 million in relaunching Versace, which has struggled to keep up with bigger heritage brands since selling to Michael Kors parent Capri Holdings in 2018.
Prada Group to Buy Versace for €1.25 Billion
Prada plans to invest an additional €250 million in relaunching Versace, which has struggled to keep up with bigger heritage brands since selling to Michael Kors parent Capri Holdings in 2018.