LVMH


LVMH Increases Stake in Hermes Again

LVMH-Hermes

Paris—In a brief statement released today, LVMH Moët Hennessy Louis Vuitton (LVMH) announced that it has increased its stake in … [Read more...]

Hermes Family Defense to Form Holding Company

Hermes store

Paris— Hermès family majority shareholders said Sunday they plan to seek approval to form a holding company to thwart further … [Read more...]

Hermes Prepares to Battle LVMH

LVMH-Hermes

Paris--Hermès International SCA said it hired BNP Paribas SA and Bank of America Corp. as advisers to help fend off a possible … [Read more...]

Richemont Half Year Profit Jumps 88%

Richemont

Geneva—While Richemont reported Friday that profit from its luxury brands such as Cartier, Mont Blanc and Van Cleef & Arpels, … [Read more...]

Hermes Lifts Full-Year After 31% Q3 Sales Increase

Hermes window

Paris—Hermès continues to make news in luxury retailing and this time it’s not just about the recent fight over LVMH’s “hostile” … [Read more...]

LVMH to Increase Stake in Hermes?

LVMH

Paris--“It looks like they’ve decided, ‘if you can’t be them, buy them.’” That’s what Paola Brandi, a visiting professor at the … [Read more...]

Stocks Rise as LVMH Takes Stake in Hermes

Hermes

Paris—Stock prices for both LVMH and Hermès rose today after the surprise announcement this weekend that LVMH spent $2.2 billion … [Read more...]

LVMH Posts 23% Increase in Q3, Confident on Q4

LVMH

Paris—LVMH Moet Hennessy Louis Vuitton  reported today a 23% jump in third-quarter sales, confirming a strong rebound for luxury … [Read more...]

French Court Upholds eBay Liability in LVMH Case

ebay-LVMH

Paris--A French appeals court has ordered online auction site eBay to pay 5.7 million euros in damages for selling counterfeit … [Read more...]

PPR Reports 1st Half Profit Surges 87%

Francois-Henri Pinault, chairman and chief executive of PPR, will assume control of the Gucci Group luxurygoods division next month.

Paris--PPR SA reported today a first-half profit surge of 87% as demand for apparel and accessories in Asia offset faltering … [Read more...]

LVMH’s 1st Half Income Rises 53%

LVMH

Paris--LVMH Moet Hennessy Louis Vuitton, the world’s largest maker of luxury goods, reported today that its first-half profit that … [Read more...]

Fendi Receives $2.5 Million Settlement with Filene’s

Filene's Basement

New York--Fendi has reached a $2.5 million settlement last week that resolved its 2006 lawsuit claiming that Filene’s Basement … [Read more...]