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Fashion

Handbag maker Mulberry targets Asian growth as UK slows

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PARIS British leather handbag maker Mulberry is betting on a push into Japan and China with new stores and online sales to expand overseas, as growth in its home market proves more sluggish in spite of an increase in tourist spending.

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Italy financial police visit Gucci's offices in tax probe - source 02 Dec 2017

MILAN Italian tax police have visited the offices of fashion company Gucci for fiscal checks as part of an investigation by Milan prosecutors into suspected tax evasion, a senior source with direct knowledge of the matter said on Saturday.

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LVMH's Celine poised to launch e-commerce venture - sources 01 Dec 2017

PARIS Celine, the only LVMH-owned fashion label without its own e-commerce business, will start offering online sales from a new website next week, two sources close to the matter said.

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Victoria Beckham's fashion business raises $40 million for expansion 27 Nov 2017

LONDON Victoria Beckham, the former Spice Girl turned luxury fashion designer, has raised 30 million pounds to expand her stores and e-commerce channel via a new funding round from NEO Investment Partners.

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Allianz plans to buy rest of Euler Hermes for $2.2 billion 27 Nov 2017

FRANKFURT Germany's biggest insurer Allianz plans to buy the shares in French credit insurance firm Euler Hermes it does not yet own for around 1.85 billion euros ($2.2 bln).

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Online sales? Maybe one day, says Chanel 24 Nov 2017

PARIS France's Chanel has no immediate plans for online sales of its coveted outfits or handbags, a senior executive said on Friday, making it one of the fashion world's last hold-outs as rivals experiment with websites to win over new clients.

Chinese firms scrap plans for micro loan business amid crackdown on 'blind borrowing' 23 Nov 2017

BEIJING A Chinese menswear firm and a leading maker of POS terminals said late on Wednesday they had given up plans to set up micro-loan units, one day after policymakers took steps to tighten supervision of the lightly regulated sector.

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Puffer jacket maker Moncler goes cold on catwalk collections 13 Nov 2017

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.