Versace, one of the last family-owned Italian luxury brands is closed to being acquired by Michael Kors for US$2 billion. Blackstone will divest its minority stake if deal is accepted
Gucci made announcement of their ambitions on Thursday for US$12 billion revenue targets following Burberry and Louis Vuitton's own shareholder briefings to invest greater revenues
During negotiations finalising Richemont sale of French leather brand Lancel to Italian leather brand Piquadro, the Group completed purchase of Watchfinder. The conglomerate is now an eCommerce giant with Yoox-net-a-porter and used watch platforms.
CEO Frederic de Narp proven right as Bally profits rise on strong Asia performance as well as capsule collections featuring hip hop culturally relevant accessories and garments have encouraged sales in the U.S.
Having secured his designer credentials with his label Off-White, Kanye West's creative director will head menswear at Louis Vuitton. It doesn't just mean hautebeast going mainstream, it is also a shot at dominating China
In an industry which doesn't typically make or take stands, Gucci takes the lead in supporting anti-guns rights. Luxuo's Business of Luxury segment explores the risks involved in corporate social activism.
