Luxury
LVMH snaps up luxury Swiss clock maker L’Epee 1839
LVMH, the world’s largest luxury group, has acquired Switzerland-based speciality clock maker L’Epee 1839, boosting its expertise in high-end watch making, the company said on Tuesday (Jun 25).
The acquisition...
Luxury sneaker maker Golden Goose postpones planned IPO
PERMIRA-BACKED luxury sneaker maker Golden Goose Group has decided to postpone its planned initial public offering (IPO).Golden Goose and its owners have taken the decision to shelve the listing...
Richemont’s online luxury retailer YNAP to exit China
RICHEMONT’S luxury e-commerce platform Yoox Net-A-Porter (YNAP) is pulling out of China, as weak consumer spending puts increasing strain on high-end brands’ operations in the world’s second-largest economy.
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Swatch shakes up executive committee as luxury slowdown persists
SWATCH Group is shaking up its executive management committee just months after the watch and jewellery maker faced investor calls for improved corporate governance.
Chief controlling officer Peter Steiger, a...
Luxury group Richemont reports slowdown in Q4 sales, appoints new CEO
Richemont confirmed the slowdown in the luxury sector when the Cartier jewellery owner reported a 1 per cent drop in its fourth quarter sales on Friday (May 17).The company,...
Burberry’s profit slumps 34% as luxury demand slows
Britain’s Burberry reported a 34 per cent drop in annual operating profit on Wednesday (May 15) after it faced the challenge of repositioning its brand to take it more...
Luxury yacht charters rise as uber-rich eschew buying outright
Sales of luxury yachts may be down but the world’s megarich have found another, more instantaneous way to get their high seas kicks – chartering a swanky boat instead.Total...
Who Is Laura Celia Valk? Jude Bellingham’s New Girlfriend Is Dutch Model and Influencer Who Is Staying at Footballer’s Luxury Spanish Pad
Jude Bellingham's new girlfriend has been identified as the stunning Dutch model Laura Celia Valk, and reports suggest that she is thoroughly captivated by the Real Madrid footballer. Bellingham,...
