Sultan of Brunei’s luxury group bought Eden luxury hotel in Rome. Dorchester Collection, the luxury hotel group controlled by the sultan of Brunei, announced it has bought Rome’s landmark Hotel Eden from Britain-based Starwood Hotels & Resorts. Hotel Eden is one of the world’s most majestic and iconic hotels in a superb setting in central … Read more
Kering takes a minority stake in Altuzarra fashion brand. Luxury goods giant Kering (formerly PPR) became a minority shareholder of the New York-based Altuzarra fashion brand, looking to establish its stronghold among the next generation of fashion designers. After the acquisition of the London fashion label Christopher Kane in January, Joseph Altuzarra’s namesake label is … Read more
Luxury goods group LVMH, the biggest such luxury entity on the market, announced it has decided to terminate the AMF proceedings (France’s markets watchdog) in relation to its acquisition of approximately 10% of rival Hermès’ share capital in October 2010. This decision reflects LVMH’s commitment to ensuring the soundest possible management of its investment in … Read more
Hotel Saint-Barth Isle de France to enhance its position as one of the leading resorts in the Caribbean. A “natural extension” of LVMH’s activities across the luxury spectrum, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, announced the acquisition of the Hotel Saint-Barth Isle de France. LVMH luxury group wants to respond … Read more
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13.7 billion in the first half 2013, an increase of 6%. Organic revenue growth was 8% compared to the same period in 2012, which itself saw strong growth. The luxury conglomerate continued to experience good momentum in the US and Asia, … Read more
Loro Piana, the leading luxury and high-end cashmere specialist in the world, sold a majority stake of their family business to the LVMH luxury Group (LVMH Moët Hennessy Louis Vuitton). Sergio and Pier Luigi Loro Piana family remain 20% shareholders and keep their functions at the leadership of the company. The Loro Piana family began … Read more