LVMH

Crocodile-skin-goods business Heng Long to be bought by LVMH

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LVMH Snaps Up Crocodile Goods Firm French luxury giant LVMH Moet Hennessy Louis Vuitton plans to buy a controlling stake of crocodile-skin-goods business Heng Long through an initial S$160.8 million ($123.8 million) offer for the company. Heng Long is one of the five top-tier tanneries of crocodilian leather in the world, with an entrenched position … Read more

Italy’s Masseto winemakers eye growth in Asia with caution

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  Financial markets may have turned sour but well-heeled consumers, especially in Asia, are still thirsty for renowned top quality wines, such as Italy’s most expensive red Masseto, its makers say. Fine wines with prices starting at triple digits have become brands like top watches or cars, whose high quality and wide brand recognition give … Read more