August retail sales rose 9.5 percent from a year earlier in value terms to HK$38.2 billion ($4.87 billion), marking their eighteenth month of expansion. That compares with a 7.8 percent… Read more
“I’m just putting my faith in God that, you know, somehow while doing this, I’m going to be spared,” he said. “Once I get it, I’m going to spread it… Read more
But with the company warning on Thursday that investing in its brands will mean a decline in operating profit this year, that longed-for revival remains some way off.Kering’s first priority is rejuvenating… Read more
In order to preserve its artisanal heritage, last year the French luxury group set up a training center dedicated to leatherworking, its core business, approved by the French national education… Read more
However, Italian manufacturing output in 2016, net of the sale of imported goods, is expected to post a marked recovery by rising 1.2%, compared to a 3.5% shortfall in 2015.Over… Read more
Yet LVMH is being penalized by shareholders for its disparate collection of businesses. Breaking up the behemoth could release significant value for investors. It might, incidentally, help solve the looming… Read more