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.
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.
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.
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.
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.
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.
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.
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.
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.
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.