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Fashion

Puffer jacket maker Moncler goes cold on catwalk collections

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MILAN Italy's Moncler , known for its luxury puffer jackets, signalled a change of strategy on Monday, ditching its two top catwalk clothing lines as leading fashion houses come under increased pressure from younger, digital-savvy fashion buyers.

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Weakest week in two months for FTSE as retailers, earnings weigh 10 Nov 2017

LONDON British shares could not shake a downbeat mood on Friday and suffered their biggest weekly drop in two months as retail stocks continued to weigh, with Burberry and Bunzl leading losses.

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Belgian activist investor hikes Burberry stake as overhaul starts 10 Nov 2017

PARIS Belgian billionaire Albert Frere has raised his stake in Burberry from 4 to 6 percent, the British trench coat maker said on Friday, a day after it unveiled a plan to go further upmarket that sent its shares tumbling on cost concerns.

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First lady Melania plays tourist as Trump departs Beijing 10 Nov 2017

BEIJING As U.S. President Donald Trump left Beijing on Friday for the Asia-Pacific Economic Cooperation summit in Vietnam, first lady Melania stayed behind to play tourist, viewing pandas at a zoo and visiting the Great Wall of China. | Video

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Richemont appoints insider to speed up watch business recovery 10 Nov 2017

ZURICH Luxury goods group Richemont appointed company veteran Jerome Lambert on Friday to the newly created role of chief operating officer to steer its watchmaking business into calmer waters as demand for its timepieces slowly improves.

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Luxury brand Burberry not luxury enough for new CEO 09 Nov 2017

LONDON/PARIS A $190 (£145) polo shirt might seem expensive to most shoppers, but for Burberry's new Chief Executive Marco Gobbetti it is too close to the fashion industry's endangered mid-market for comfort.

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Falls in Burberry, housebuilders pile pressure on FTSE 09 Nov 2017

LONDON Heavy losses from luxury group Burberry weighed on Britain's top share index on Thursday which hit a two-week low as investors showed anxiety about the retail and housebuilding sectors.

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New Burberry CEO to entrench brand in luxury, shares dive on cost 09 Nov 2017

LONDON British luxury brand Burberry will shift further up-market with more high-end products, fast-changing fashion and refurbished stores, but its shares dived as investors focused on the cost of new Chief Executive Marco Gobbetti's plan. | Video

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France's LVMH expands its gourmet grocer in Paris 08 Nov 2017

PARIS Luxury goods firm LVMH is opening a second high-end food hall in Paris, betting on growing appetite from locals for gourmet groceries as the group spruces up its stores across the French capital.

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Beccari to head Dior as Toledano gets broader role 08 Nov 2017

PARIS Christian Dior's chief executive Sidney Toledano will step down after 20 years to take on a broader fashion role at parent LVMH in an reshuffle that propels the boss of stablemate Fendi to the top of Dior.