LVMH luxury group – 8 percent rise in like-for-like full-year sales

As consumer demand for logo-embossed luxury products has waned, LVMH declares it is is well-equipped to continue its growth momentum. After Tod’s disappointing figures released last week, LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €29.1 billion in 2013, an increase of 4% over the previous year. The luxury … Read more

Designer Nicolas Ghesquiere leaving Balenciaga after 15 years of collaboration

Nicolas Ghesquiere leaves Balenciaga   Nicolas Ghesquiere, the Creative Director of Balenciaga fashion house since 1997, will be parting ways with the brand at the end of the month. PPR, the owners of La Maison Balenciaga since 2001, announced that the fashion designer will leave the artistic helm of the house beginning with 30 November 2012. … Read more