
LVMH , the world's biggest luxury group, has called off its $16-billion(12.51 billion pounds) engagement to Tiffany. Wall Street however seems to think the U.S. jeweler will fare just fine by itself.
111 published items with the word (s) or phrase Luca Solca in News, Trends, Videos, Photo galleries, Agenda and sorted by "date descending".
LVMH , the world's biggest luxury group, has called off its $16-billion(12.51 billion pounds) engagement to Tiffany. Wall Street however seems to think the U.S. jeweler will fare just fine by itself.
John Varvatos, Sies Marjan, J.C. Penney, Neiman Marcus and J. Crew: a spate of defaults has hit the US fashion industry, the Covid-19 pandemic delivering a fatal blow to an already faltering market.
After being forced to halt production for weeks, the luxury industry's supply chain is slowly restarting in Italy and France. The system has been battered by the Covid-19 pandemic, with many sub-contractors struggling.
Top luxury brands from Chanel to Louis Vuitton have increased prices of some of their most coveted products as they seek to make up for sales lost during weeks of coronavirus lockdowns.
Moncler hopes to limit financial damage from the coronavirus crisis with a strong rebound in the final part of the year, a crucial season for its trademark puffer jackets, after sales fell 18% in the first quarter.
The luxury goods industry is rueing being one of the most globally exposed sectors to an epidemic that risks all-but wiping out its sales growth this year.
The news published by Bloomberg about a possible takeover of the down jacket label by the French luxury group fuelled plenty of speculations. FashionNetwork.com analyses the operation’s potential impact.
Luxury jeweler Tiffany & Co, which is being bought by France's LVMH, missed market expectations for quarterly profit and sales on Thursday, hit by lower spending by foreign tourists in the United States and Hong Kong.
The chief executive and top shareholder of Moncler played down speculation around a takeover by Gucci-owner Kering on Thursday, saying the two firms sometimes talked but that there was no deal in the works.
Luxury brands from Prada to Cartier are counting the cost to their businesses of four months of unrest in Hong Kong that has kept tourists away and forced shops to shut, with upcoming results set to show the damage.