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Week in Review: 10 Must-Remember Online Articles

In Industry News, What's New by Accessories StaffLeave a Comment

New York—“The epicenter of stupidity”…that’s how outspoken L Brands chairman Leslie Wexner referred to Washington, specifically Capitol Hill, this week during the nerve-wracking hours leading up to a temporary debt ceiling solution. Like many retailers and business leaders, Wexner is concerned about how the political gridlock and its subsequent effects …

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Richemont: Net-a-Porter is Not for Sale

In Industry News, What's New by Jeff PrineLeave a Comment

Bellevue, Switzerland—Cie. Financiere Richemont SA, the luxurygoods conglomerate that owns Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC, Panerai and Montblanc among others, today denied its Net-a-Porter luxury website was for sale. “Richemont has a long-standing policy of not commenting on market rumors. Exceptionally in this case, Richemont …

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Report: Richemont to Sell Lancel?

In Industry News, What's New by Jeff PrineLeave a Comment

Paris—Although Cie Financiere Richemont, the luxurygoods company, declined to confirm rumors, reports circulated today that its venerable French handbag company Lancel is being put up for sale. Richemont, which also owns Cartier, Piaget, Van Cleef & Arpels, and Montblanc, reported hired Nomura Holdings Inc., the investment bank, to look into …