LVMH makes Bulgari move to crack Asia March 7, 2011 LVMH will take over Italy’s Bulgari in a €3.7bn (£3.18bn) deal to fuel more sales in emerging markets. The offer could herald a flurry of consolidation in the luxury market, which has bounced back from the 2009 slump much faster than analysts expected. Bulgari shares were up 58 per cent at one point after yesterday’s [...]
Hermes makes gain in LVMH bid defence January 6, 2011 HERMES family shareholders won clearance yesterday to pool their stakes without having to buy out other investors, boosting the French luxury group’s defence against rival LVMH. A majority of Hermes family shareholders decided last month to create a holding company to group more than 50 per cent of the company’s equity as a defence against [...]
Hermes makes gain in LVMH bid defence January 6, 2011 HERMES family shareholders won clearance yesterday to pool their stakes without having to buy out other investors, boosting the French luxury group’s defence against rival LVMH. A majority of Hermes family shareholders decided last month to create a holding company to group more than 50 per cent of the company’s equity as a defence against [...]
Burberry beats forecasts July 13, 2011 Burberry posted first-quarter sales slightly above forecasts as it raised expectations for its wholesale operations, bolstered by the Americas, emerging markets and travel retail. The British maker of raincoats and leather goods, identifiable by their camel, red and black check pattern, said Wednesday that revenue rose 34 per cent on a comparable basis to £367m, [...]
Shoemaker Ferragamo shines in Milan debut June 29, 2011 Shares of Italian luxury shoemaker Salvatore Ferragamo have risen more than eight per cent in their first day of trading today, defying investors’ concerns that its price tag was too high in volatile markets. The Florence-based maker of shoes worn by Hollywood stars, such as Audrey Hepburn and Greta Garbo, traded at €9.8 (£6.13) this [...]
Shoemaker Ferragamo shines in Milan debut June 29, 2011 Shares of Italian luxury shoemaker Salvatore Ferragamo have risen more than eight per cent in their first day of trading today, defying investors’ concerns that its price tag was too high in volatile markets. The Florence-based maker of shoes worn by Hollywood stars, such as Audrey Hepburn and Greta Garbo, traded at €9.8 (£6.13) this [...]
Strong results nudge FTSE up in spite of US debt stalemate July 26, 2011 BRITAIN’S top shares managed modest gains yesterday as solid results from blue-chips including drugmaking group GlaxoSmithKline and energy firm BG Group more than offset an earnings miss from heavyweight BP. Volume on the FTSE 100 was thin, however, as investors waited for clarity from US debt ceiling talks. The UK benchmark index ended up 4.47 [...]
Prada prices HK listing June 6, 2011 ITALIAN fashion house Prada is pricing its initial public offering (IPO) in Hong Kong to raise up to $2.6bn (£1.6bn) and give the maker of luxury bags and Miu Miu dresses a higher valuation than its European peers. Prada set an indicative price range of HK$36.5 to HK$48 (£2.90 to £3.80) a share for the [...]
LVMH takes Hermes stake October 24, 2010 THE French luxury goods group behind Moet champagne, Hennessy spirits and Louis Vuitton leather goods is buying a €1.45bn (£1.3bn) stake in family controlled handbag maker Hermes, but it denied it was planning a full-blown takeover bid. LVMH has bought a 14.2 per cent interest in Hermes, which is known for its high-end leather handbags and [...]
Seductive scents by hot Paris perfumer June 20, 2011 SEDUCTION, surrender, forbidden. You’d be forgiven for thinking you’d been plunged into the depths of a torrid French romance novel but these are, in fact, descriptors for perfume. Kilian, the Paris-based fragrance house founded by perfumer Kilian Hennessy, is rapidly getting male and female fans hot under the collar with its collection of luxurious evocative [...]