United Kingdom


Investcorp buys Italian luxury tailor Corneliani

MILAN Gulf investment firm Investcorp has bought a majority stake in Italian menswear company Corneliani in a deal that values the group at $100 million (67.87 million pound), it said on Tuesday.


Out of fashion: how men could fall off the catwalk 19 Jun 2016

MILAN Men are in danger of falling off the catwalk in Europe.

ASML to buy Taiwan's Hermes Microvision for $3.1 billion in chip sector shake-up 16 Jun 2016

TAIPEI Dutch chipmaking equipment firm ASML Holdings NV has agreed to buy Taiwanese peer Hermes Microvision Inc (HMI) for about T$100 billion ($3.1 billion) to strengthen the pair's technology offering for semiconductor manufacturers.


TAG Heuer pushing brand in China - CEO 12 Jun 2016

MONTREAL The head of luxury group LVMH's Swiss watchmaking business said on Saturday the company is pushing its TAG Heuer brand in the Chinese market, as rivals scale back their investments due to weaker demand.


Dior, in UK for cruise line, says new designer 'work in progress' 01 Jun 2016

LONDON Appointing a new Dior creative director is a "work in progress", the French fashion house's chief executive said on Tuesday, with the luxury label still to name a head designer some six months after Raf Simons left to set up his own brand. | Video


Bulgari aims to have up to six stores in Russia over 10 years 25 May 2016

MOSCOW Bulgari, the flagship jewellery brand of luxury group LVMH , plans to open up to four more stores in Russia over the next ten years, betting on the long-term prospects of its luxury market.

World luxury goods sales growth seen modest this year - Bain 24 May 2016

MILAN Global sales of personal luxury goods will rise this year but only moderately, with higher spending in Japan and Europe compensating for flat trends in Asia and the United States, an industry report showed on Tuesday.


Versace names former head of Alexander McQueen as new CEO 23 May 2016

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.


Richemont sees tough trading after Hong Kong downturn, attacks curb sales growth 20 May 2016

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.


FTSE retreats from two-week high, miners weigh 18 May 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.