Tag: leather goods
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Spotlighting the World’s 7 Most Valuable Luxury Brands
There are brands. And then, there are luxury brands. What’s the difference between them? It’s hard to put into words, but easy to experience and feel. Anyone who has carried a decadent Louis Vuitton bag or donned a spectacular Dior necklace knows the answer. Indeed, luxury brands aren’t just labels: they’re signatures of…
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Gucci and Saint Laurent continue to deliver growth for Kering luxury group
2018 was an excellent year for Kering and its Houses especially for Gucci and Saint Laurent. The luxury group also announced a strong momentum at Kering’s Other Houses (up 32.1% on a comparable basis), powered by Balenciaga and Alexander McQueen. Consolidated 2018 revenue amounted to €13,665.2 million, up 26.3% as reported and 29.4% on a…
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Mulberry blames high street crisis and House of Fraser woes for loss
Sales fall 8% while debts from department store collapse and fewer tourists add to losses
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The world’s leading luxury group recorded a 10% increase of sales revenue despite unfavorable currency environment
The world’s leading luxury products group, recorded revenue of €21.8 billion in the first half of 2018, an increase of 10%. LVMH reports strong growth in Asia and the United States, a good start to the year for Wines and Spirits, excellent performance of Bvlgari, and a good performance of watch brands. LVMH Moët Hennessy…
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Historic French luxury brand Lancel acquired by Piquadro Group
Piquadro acquires Richemont-owned Lancel International. Professional and travel leather goods group Piquadro announced the acquisition of the entire share capital of Lancel International – the luxury leather goods brand owned by Richemont, the Swiss luxury goods group which also owns Cartier, Van Cleef & Arpels, and Dunhill. The brands Richemont owns include A. Lange & Söhne,…
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In a luxury business environment that remains uncertain, LVMH approaches the second half of the year with caution
World’s leading luxury products group reports good growth in Europe, Asia and the United States; LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €19.7 billion in the first half of 2017, an increase of 15%. Organic revenue growth was 12% compared to the same period in 2016. All geographic…