LVMH loses fizz as wine sales drop July 28, 2009 LVMH, the biggest player in the luxury goods market, yesterday reported a 23 per cent slump in first half profits as the downturn hit discretionary spending. The group, which owns the Dom Perignon brand, was dragged down by its wines and spirits division which suffered a record 41 per cent drop in profits as champagne [...]
LVMH loses fizz as wine sales drop July 28, 2009 LVMH, the biggest player in the luxury goods market, yesterday reported a 23 per cent slump in first half profits as the downturn hit discretionary spending. The group, which owns the Dom Perignon brand, was dragged down by its wines and spirits division which suffered a record 41 per cent drop in profits as champagne [...]
UNDER THE HAMMER November 30, 2009 A FRENCH court fined eBay €1.7m (£1.5m) for violating a 2008 injunction preventing French users of the online auction site from buying or selling certain LVMH cosmetics on any eBay website. The website said the fine was too high and that the injunction – blocking French eBay users from buying or selling designated LVMH cosmetics [...]
European stocks are worth a long position April 12, 2010 IN THE next few weeks we should get a better idea of how far the economic recovery has boosted profits at Europe’s largest companies as they report first quarter earnings. So far consensus estimates for earnings growth this year is a whopping 39 per cent up on last year. This week French luxury goods group [...]
Pets at Home snapped up for nearly £1bn by KKR January 27, 2010 PETS at Home was snapped up by private equity firm KKR yesterday in a deal worth an astonishing £955m. The sum was well above the £800m being touted by analysts in the lead up to the acquisition. KKR beat stiff competition from Apax Partners, Bain and TPG, who had all tabled offers in the second [...]
Google wins EU court backing September 22, 2009 An adviser to the European Union’s top court yesterday backed Google in a row with luxury goods maker LVMH over internet advertising, saying that the search firm had not infringed trade mark rights by allowing companies, such as shoe stores, to pay to place their name next to search results for brands that they sell. [...]
On women, work and savoir faire October 25, 2009 MEETING the author of French Women Don’t Get Fat, the bestselling diet book, is a rather daunting prospect for someone who is neither particularly thin nor remotely French – certainly not when it comes to Gallic standards of stylishness. I expected Mireille Guiliano to be scary – judgmental, fearfully immaculate and devastatingly tiny. I was [...]
On women, work and savoir faire October 25, 2009 MEETING the author of French Women Don’t Get Fat, the bestselling diet book, is a rather daunting prospect for someone who is neither particularly thin nor remotely French – certainly not when it comes to Gallic standards of stylishness. I expected Mireille Guiliano to be scary – judgmental, fearfully immaculate and devastatingly tiny. I was [...]
WHAT THE OTHER PAPER SAY THIS MORNING November 8, 2009 THE SUNDAYSThe Sunday TelegraphBAE HIRES PINOCHET LAWYER FOR SFO FIGHTBAE Systems has instructed General Pinochet’s former QC to handle its defence if the Serious Fraud Office (SFO) is successful in persuading the Attorney General to proceed with a fraud prosecution against the arms manufacturer. GOVERNMENT PLANS FAST-TRACK NUCLEAR EXPANSIONThe government is set to hand an [...]
Cartier owner Richemont sees sales fall in slump September 9, 2009 RICHEMONT, the luxury goods group behind Cartier jewellery and Chloe handbags, struck a cautious note about future demand yesterday amid signs the rate of decline in its sales was slowing. Demand between April and August for Richemont’s goods, which include watches from prestigious brands like IWC and Jaeger-LeCoultre, Montblanc pens and Lancel accessories, slipped 16 [...]