MILAN Italian fashion house Versace named the former head of British brand Alexander McQueen as its new chief executive, in an unexpected move ahead of a planned stock market listing against a backdrop of slowing luxury industry growth.
ZURICH Cartier owner Richemont expects business to remain tough after Islamist attacks in Europe and a downturn in Hong Kong curbed sales growth in the first four months of 2016.
LONDON Britain's top share index slipped from a two-week high on Wednesday as luxury goods firm Burberry fell after a slump in its profits and miners tracked weaker metals prices.
LONDON British luxury brand Burberry said it would shrink its product range and focus more on handbags, seeking to overhaul its business after its annual profit dropped in a tough market that shows no sign of improving this year. | Video
ZURICH The head of luxury group LVMH's Swiss watchmaking business expects sales of the TAG Heuer brand, which includes "smartwatches" that connect to the Internet, to rise by at least a tenth this year, he told Swiss newspaper Le Temps.
MILAN Italian luxury goods group Salvatore Ferragamo said it appointed as new chief executive former Furla head Eraldo Poletto, credited for a doubling of sales at the accessibly-priced handbag maker in the last five years.
LONDON SuperGroup , the British company behind the Superdry fashion brand, said on Thursday its co-founder, brand and design director James Holder, is to quit the retailer.
MILAN Italian luxury goods group Tod's warned it would be challenging to meet expectations of a 4 percent revenue increase this year, as first quarter sales fell due to weaker demand in China and shrinking tourist spending.
HONG KONG Alibaba Group Holding Ltd's online shopping platform Taobao is tightening controls on the sales of luxury goods, requiring sellers to show proof of authenticity, as it fights sales of fake items on one of China's top online platforms.
Salvatore Ferragamo SpA , the Italian luxury goods maker, on Wednesday sued former Los Angeles Rams football quarterback Vince Ferragamo, saying he infringed its trademarks by operating his namesake winery in southern California.