Acquisition Rumors Erupt in Luxurygoods Sector

LVMH logo

Paris—European stock and retail analysts have been aflutter this week with speculation about LVMH possibly increasing its stake in … [Read more...]

Hermes Q1 Sales Jump on Increased Demand for Accessories

Hermes Birkin

Paris--Hermès International reported Wednesday that its first quarter sales jumped 25.5% on soaring demand for watches, scarves … [Read more...]

Bidding Heats up Over Jimmy Choo Ownership

From Jimmy Choo's Pre-Fall collection

London—Just as women line up to snag the latest Jimmy Choo high heels, a growing list of bidders are lining up making bids to … [Read more...]

European Stocks Rise as LVMH, Burberry Report Sales Gains


LVMH Q1 Sales Rise 17%, Strong Across All Categories Paris—LVMH, the world’s largest luxurygoods conglomerate, reported Monday … [Read more...]

Bulgari to Introduce Serpenti Leathergoods

Bulgari's Serpenti handbag collection

Rome—While much of the news recently about Bulgari has centered on how crucial its jewelry and watch business will be to its new … [Read more...]

LVMH to Acquire Bulgari in $5.2 Billion Deal

LVMH to Acquire Bulgari

Paris—LVMH announced today that it took a 50.4% stake in Bulgari for 1.86 million euros (about $2.6 billion) giving the French … [Read more...]

Hermes Reports Surge in Annual Profits

Hermes Birkin

Paris--Hermes International reported today a surge in its full year earnings with profits rising 44% to 668.2 million euros (about … [Read more...]

Arnault: LVMH a “Pacifist” Shareholder in Hermes

LVMH and Hermes

Paris—Bernard Arnault, chairman of LVMH, struck a conciliatory tone late last week about his company’s stake in Hermès, which has … [Read more...]

Small Shareholders Appeal French Regulator’s Waiver in Hermes Plan


Paris—In the latest twist in the legal saga of Hermès’ attempts to thwart a takeover by LVMH, a French small shareholder … [Read more...]

French Regulator Approves Hermes Anti-Takeover Plan


Paris—Hermès’ majority shareholders—descendants of the luxurygoods brand’s founding family—won an important round in their battle … [Read more...]

French Regulator to Rule on Hermes Family Plan


Paris—The French stock marker regulator said today that it plans to announce its decision on a plan by Hermes’ majority … [Read more...]

TAG Heuer Announces Art of Watchmaking Winners

"Shield," the first-place winner

New York--TAG Heuer recently teamed up with students at Parsons The New School for Design for its “Art of Watchmaking” and has … [Read more...]