United Kingdom


LVMH hopes for double-digit second-half watch sales growth

ZURICH Sales of LVMH's watch brands could maintain their double-digit percentage growth in the second half of 2017, despite tougher year-on-year comparisons, the head of the luxury company's watch business said on Thursday.


Hugo Boss reports first U.S. growth in two years 02 Aug 2017

BERLIN German fashion house Hugo Boss beat second-quarter expectations on Wednesday helped by restructuring and its first rise in U.S. sales in two years, boosting its shares.


Kors needs to buckle down for Jimmy Choo deal to shine 28 Jul 2017

U.S. retailer Michael Kors is betting that its acquisition of storied shoemaker Jimmy Choo will give sales a much-needed boost, but lingering problems at Kors' core bag business could delay potential benefits.


Gucci revamp, YSL strength help Kering beat forecasts 27 Jul 2017

PARIS French luxury group Kering delivered a forecast-beating rise in first-half operating profit on Thursday after a successful revival of its biggest brand, Italy's Gucci, and a strong showing by fashion house Yves Saint Laurent.


LVMH gives cautious outlook after robust first half results 26 Jul 2017

PARIS LVMH , the world's biggest luxury group, cautioned on Wednesday that an uncertain economic climate meant its second half results may not match its sterling performance in the first six months of the year.


Armani reorganises brands as revenue, profit margins slip 25 Jul 2017

MILAN Italian luxury goods group Armani said on Tuesday it was reorganising its brands around three core labels and streamlining its shop network to counter a difficult business environment.


Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 bln 25 Jul 2017

LONDON U.S. retailer Michael Kors agreed to buy luxury shoemaker Jimmy Choo for $1.2 billion (921.82 million pounds), snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner. | Video


France ready to negotiate with Google on back taxes - minister 24 Jul 2017

PARIS France is ready to negotiate a deal with Google over back taxes, budget minister Gerald Darmanin told financial daily Les Echos on Monday.


Richemont watches boss makes surprise early departure 14 Jul 2017

ZURICH Georges Kern, tipped as a potential chief executive of Richemont , left the luxury goods group abruptly on Friday just four months after taking over as head of its watchmaking division.


Nearly a third of Burberry investors object to top executives' pay 13 Jul 2017

LONDON Nearly a third of shareholders in Burberry voted against the luxury goods company's executive pay report on Thursday, despite a move by its new finance chief Julie Brown to head off the opposition by foregoing a share options award worth up to 2.4 million pounds.