Ray-Ban Maker Accused in Lawsuit of Inflating Prices 1,000%
The French-Italian owner of the Ray-Ban and Oakley eyewear brands was sued for allegedly scheming with competitors to
2023-07-22 09:23
From Luxury to Food, Spending Power in Focus in Upcoming European Earnings
Richemont’s wake-up call for luxury watchers this week raises the ante for LVMH, L’Oreal SA and Gucci-owner Kering
2023-07-21 15:50
Elon Musk’s Wealth Slumps $20 Billion as Tesla Shares Tumble
Elon Musk’s fortune slumped $20.3 billion Thursday after Tesla Inc. warned it may have to keep cutting the
2023-07-21 04:53
Kering Said to Tap Defense Advisers as Activist Bluebell Circles
Kering SA is speaking to defense advisers as activist investors including Bluebell Capital Partners Ltd. circle the French
2023-07-19 21:23
Gucci CEO Bizzarri to Leave as Label’s Slump Drags on Kering
Gucci Chief Executive Officer Marco Bizzarri is set to leave the brand as owner Kering SA moves to
2023-07-19 15:24
LVMH’s Sephora Weighs New China Head to Seek €20 Billion Sales
Sephora, the cosmetics retailer owned by luxury conglomerate LVMH, is considering an overhaul of its China operations, including
2023-07-18 20:27
European Stocks Decline on China Data as LVMH Leads Luxury Lower
European stocks fell on Monday as weak economic data from China hit risk sentiment, while investors turned to
2023-07-17 18:30
The World’s Fastest-Growing Whisky Market Is South Korea
For Choi Gyu-Won, a 29-year-old Korean in a small village in South Gyeongsang, drinking whisky at home is
2023-07-14 07:23
China Slams Bulgari For Not Showing Taiwan As Part of Country
Bulgari became the latest foreign brand to face backlash in China, as state and social media alleged that
2023-07-12 11:51
Birkenstock Owner Considers IPO at $6 Billion-Plus Value
L Catterton, the private equity firm backed by luxury French fashion house LVMH, is considering strategic options for
2023-07-07 05:57
Tiffany’s NYC Flagship Store Escapes Damage From Nearby Fire
Smoke that billowed outside Tiffany & Co.’s New York flagship location on Thursday morning was from a transformer
2023-06-30 00:46
French Family Vineyards Imperiled by Historic Inheritance Taxes
As a little girl helping her parents and grandparents in the rolling vineyards of northeast France, Sophie Moussié
2023-06-29 15:21