business of luxury

Michael Kors Acquiring Versace for US$2 Billion, Blackstone to divest minority stake if deal goes through

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

Brand Divestitures from Kering Group and LVMH – Christopher Kane and Edun

Brand Divestitures from Kering and LVMH point to greater competition as the fight for eyes and wallets heats up in the fashion eCommerce arena.

Gucci – Louis Vuitton Competition to Heat Up with US$12 Billion Revenue Target

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

Richemont sells Lancel, Buys Watchfinder, becomes eCommerce Giant

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.

Bally CEO Frédéric de Narp Proven Right as Profits Rise on US and Japanese Growth

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.

Louis Vuitton New Artistic Director Virgil Abloh could Out-Supreme Supreme

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

Business of Luxury: Gucci takes a Stand with March For Our Lives

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.

Riccardo Tisci becomes New Chief Creative Officer of Burberry in March 2018

Tisci joins Burberry after more than a decade at Givenchy, where he succeeded creative giants like Alexander McQueen and Julien Macdonald in 2005
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