Fashion

Gucci ousts leadership duo after sales decline

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PARIS - The owners of Gucci parted company with the Italian fashion brand's leadership duo on Friday, promoting the head of their luxury goods business to the top job in response to slumping sales.

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Permira further cuts stake in fashion house Hugo Boss 11 Dec 2014

FRANKFURT - European private equity firm Permira [PERM.UL] is cutting its stake in German fashion retailer Hugo Boss to about 32 percent from 39 percent by selling more shares on the open market.

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Prada targets cost cuts in 2015 as third-quarter profit falls 44 percent 05 Dec 2014

HONG KONG/MILAN - Italian luxury group Prada said it would continue to cut costs next year and open fewer shops than planned after its profit slumped 44 percent in the three months to end-October, hurt by declining sales.

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Mulberry sees signs of improvement after first-half loss 04 Dec 2014

LONDON - British handbag maker Mulberry slumped to a first half loss as it counted the cost of an ill-fated push upmarket but said a return to its lower priced roots had seen sales rise more recently.

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Luxottica signs deal with Intel to develop hi-tech glasses 03 Dec 2014

MILAN - Italy's Luxottica is joining forces with U.S. chipmaker Intel Corp to develop glasses that combine its top fashion brands with technology that could allow wearers to access information about their health or location.

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Exclusive - Qataris leading race for $900 million Pepe Jeans buyout - sources 01 Dec 2014

LONDON/DUBAI - The Qatari royal family is leading the race to buy the Spanish fashion brand Pepe Jeans as buyout funds struggle to match the sellers' price expectation of at least 700 million euros (555 million pounds), several sources close to the auction process said.

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Book Talk - Diane von Furstenberg on success and empowering women 27 Nov 2014

NEW YORK - Fashion designer Diane von Furstenberg is known for turning her signature wrap dress into a fashion empire and in her memoir, “The Woman I Wanted to Be,” she describes how she did it.

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Hugo Boss targets faster sales growth, better margins 19 Nov 2014

BERLIN - German fashion house Hugo Boss wants to move further into the luxury market and promote its brand more consistently around the globe to help it accelerate sales growth and improve margins in coming years.

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Intel's upscale bracelet has Google alerts, AT&T data plan 17 Nov 2014

SAN FRANCISCO - Upcoming bracelets with technology from Intel Corp and design cues from fashion brand Opening Ceremony will connect the wearer with Facebook, Google and Yelp via an AT&T data plan without having to carry a smartphone.

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Analysis - Gucci needs new ideas, talents to combat brand fatigue 17 Nov 2014

PARIS - Gucci holds the luxury spending downturn mainly responsible for its poor performance but the Italian fashion brand may also have itself to blame, suggesting it could be time to change strategy and hire fresh talent.

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