Yves Saint Laurent and PPR luxury group announced the appointment of Hedi Slimane as Creative Director of the maison Yves Saint Laurent. Slimane will assume total creative responsibility for the brand image and all its collections. In parallel with this new position, the designer will continue to pursue his career in photography. Hedi Slimane thus … Read more
Luxury brands have continued to enjoy strong sales despite world economic concerns. French luxury group Hermes said to AFP it posted record sales of 2.8 billion euros in 2011, highlighting the resilience of luxury brands in the face of the weakening global economy. French luxury goods giant LVMH said last week it had enjoyed a … Read more
Brioni bought by PPR luxury and retail group In order to strengthen its position in the high-end menswear market, PPR luxury group will acquire Italian men’s fashion brand Brioni. Zegna and Eurazio, the French private-equity firm, had also talks with the Bond suit-maker about a potential offer, but PPR is the winner of this contest. … Read more
Luxury Group PPR sees 7 pct increase in sales, led by luxury divisions French retail and luxury company PPR posted a solid increase in revenue for the third quarter as its luxury divisions made up for shortfall in retail. The company behind Yves Saint Laurent and Gucci said Wednesday that a 25-percent jump in sales … Read more
Meissen head Kurtzke voted first president of the MEISTERKREIS France has Comité Colbert, the British have Walpole, Italians have Fondazione Altagamma and the Spanish – Circulo Fortuny. From 21 of October Germany has its own special interest luxury group called Meisterkreis. More than 40 German and international luxury brands formally established the ‘MEISTERKREIS – Deutsches … Read more
LVMH watch and jewellery sales up 26% Luxury products group LVMH has reported a revenue of €16.3 billion during the first nine months of 2011, an increase of 15% over the same period in 2010, with watches and jewellery recording organic revenue growth of 26%. The overall organic revenue growth of the French luxury goods … Read more