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.
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.
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.
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
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.
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.
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.
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
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.
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.