Kering (PPR group) is extending and reinforcing its portfolio of luxury brands in the high growth jewellery market with the acquisition of a majority stake in the Italian Pomellato group. Pomellato, whose 2012 revenues reached €146 million, is one of Europe’s major jewellery groups,with a strong international position. The company’s success is based on the … Read more
Doors Open Days at LVMH: the giant of luxury opens its doors for the 2nd edition of “Les Journees Particulieres” Luxury industry leader LVMH Group is once again celebrating the craftsmanship and heritage of LVMH luxury maisons with the second edition of “Les Journees Particulieres” which will take place on June 15 and 16. This year, … Read more
Luxury group PPR changes name to Kering. The new identity is the outcome of the transformation of PPR’s business, begun several years ago. No longer a diverse conglomerate, Kering “is a cohesive, integrated and international Group”. A new name for a new identity, says the conglomerate of luxury brands. Kering can be pronounced and understood … Read more
LVMH well-equipped to continue its growth momentum Despite an uncertain economic environment in Europe, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, says it is well-equipped to continue its growth momentum across all business groups in 2013. LVMH recorded revenue of €28.1 billion in 2012, an increase of 19% compared to 2011. … Read more
The PPR Group and Christopher Kane enter into a partnership The Scottish young designer, Christopher Kane has seen French luxury group PPR (owner of Balenciaga, Alexander McQueen, Stella McCartney, Saint Laurent and Italian brand Gucci) invest in his label. PPR acquires 51% of the luxury designer brand. PPR will enable the Christopher Kane brand to … Read more
PPR acquires a majority stake in the Chinese fine jewellery brand Qeelin PPR group is increasing its portfolio of luxury brands in the jewellery segment and its presence on the Chinese market by acquiring a majority stake in the Chinese fine jewellery brand Qeelin. The transaction should be finalized in January 2013. Launched in 2004, … Read more