UK perfume shops hope new Chanel fragrance can mask foul sales
Hype has been building around Chanel’s Gabrielle, the label’s first new perfume for 15 years, which launches this weekend
luxury goods
Chanel owners pay themselves $3.4bn dividend – four times company’s net profit
Despite fall in revenues and profits last year, Alain and Gérard Wertheimer took double dividend they received in 2015
Landmark agreement between the luxury group home to some of the world’s most desired luxury brands and Alibaba
Kering Luxury Group and Alibaba Group Agree to Cooperate in Protection of Intellectual Property and Joint Enforcement. Kering Luxury Group is taking proactive measures and using advanced technology to help law enforcement bodies and other relevant authorities to address the challenges of intellectual property infringement. The luxury group owner of some of the world’s most … Read more
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 … Read more
Woodinville Whiskey has become part of Moët Hennessy’s wine and spirits portfolio
Moet Hennessy has acquired Washington-based Woodinville Whiskey Co. Artisanal small-batch brown spirits are made at this local distiller with tours & a tasting room. Woodinville Whiskey Company’s Rye and Bourbon Whiskies are matured for at least five years. Having relied primarily on sales of its Micro Barreled Bourbon and Rye, the company was able to … Read more
The first contemporary luxury brand from China sold to Italian entrepreneur Alessandro Bastagli
Richemont-owned luxury brand Shanghai Tang sold to Italian entrepreneur Alessandro Bastagli. Richemont, the Swiss luxury goods group, announces that it has completed the sale of luxury brand Shanghai Tang to a consortium of investors led by Italian entrepreneur Alessandro Bastagli. For its financial year ended 31 March 2017, Richemont reported sales of € 10 647 … Read more