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Hugo Boss sees revival plan bearing fruit in 2018


BERLIN The new chief executive of Hugo Boss said a plan to revive the struggling German fashion house by cutting brands and seeking to appeal to fashion-conscious younger customers will only bear fruit from 2018, sending its shares lower on Wednesday.


Designer Tom Ford brings dark edge to 'Nocturnal Animals' 16 Nov 2016

LOS ANGELES The dark hues favored by fashion designer Tom Ford saturate his new movie, "Nocturnal Animals," a palette that fits a noir thriller exploring violence, revenge and divorce.

Latest layoffs could bring Richemont job cuts since May to more than 500 14 Nov 2016

ZURICH Richemont will axe up to 250 jobs in its latest round of cost cutting, a source familiar with the plans said on Monday, as the luxury goods group responds to a downturn in demand for expensive watches and jewellery.


Burberry cuts product lines to focus on newest fashions 09 Nov 2016

LONDON British luxury brand Burberry is cutting 15-20 percent of its product lines, aiming to focus on its newest ranges as it battles to attract shoppers in a volatile luxury goods market.


Richemont to scrap CEO role for wider structure 04 Nov 2016

PARIS/ZURICH Luxury goods group Richemont will no longer have a chief executive and be run by a group of senior figures once Richard Lepeu retires in March, Chairman Johann Rupert said on Friday as the group battles a severe watch industry downturn.


Strong Hermes sales confirm China-fuelled luxury revival 03 Nov 2016

PARIS Hermes confirmed stronger-than-expected global demand for luxury goods on Thursday, joining industry leader LVMH and Gucci owner Kering in outshining third quarter results forecasts.


Italy's market watchdog fines LVMH executive over Bulgari deal 02 Nov 2016

MILAN/PARIS Italy's market watchdog has fined LVMH managing director Antonio Belloni 350,000 euros (£315,170.45) for divulging confidential information to a fund manager before the luxury group's 2011 acquisition of jeweller Bulgari.


Hugo Boss shares jump on China upturn and wider cost cutting 02 Nov 2016

BERLIN Shares in Hugo Boss rose nearly 7 percent on Wednesday after it announced a recovery in sales in China and higher cost savings as new boss Mark Langer sets out to revive the struggling German fashion house.


Holocaust survivors walk the red carpet in Israel beauty pageant 31 Oct 2016

HAIFA, Israel Their hair styled and make-up applied, a group of elderly women carefully take to a red carpet catwalk, waving, blowing kisses and posing for pictures to cheering crowds.

World's first albino beauty pageant in Kenya defies deadly stigma 27 Oct 2016

NAIROBI (Thomson Reuters Foundation) - With its evening gowns, celebrity judges and tears of joy, the beauty pageant in Kenya's capital was like others elsewhere, except for one thing - all 20 contestants who strutted, sashayed and swaggered down the catwalk had albinism.