The transalpine luxury giants are at the forefront of helping to rebuild the cathedral of Notre Dame, symbol of Paris, which has suffered serious damage due to the fire that broke out last night
Excellent news for LVMH. According to the latest update to Forbes’ list, its founder Bernard Arnauld is the third wealthiest man in the world
Stunning scenes and high-tech special effects for a spectacular event on sustainability and future at the Salone del Risparmio Last Tuesday night, April 2, the impressive atmosphere of Milan’s World Join Center was the theatre of “IL NUOVO RESPIRO DELLA FINANZA” (“The new life of finance”), an original, charming evolution of the successful DopoSalone format, back for its 7th edition.
The Kering luxury group has appointed Sophie L'Hélias as an independent advisor with a focus on issues related to the ESG (Environmental, Social & Governance), ie compliance with environmental, social and governance criteria that shape the ethical impact and sustainable practices of a company
The results announced by Hermès on the morning of 8 February, with fourth-quarter revenues up 9.6% at constant rates, are yet another reassurance for luxury sector investors that Asia, China in particular, they are not slowing down
The transaction, as stated in a note on the transaction, "is at the end of the reorganization process that has seen a profound restructuring and operating efficiency, as well as a reduction in the cost structure and strengthening of the offer. of products for the Italia Independent brand ".
Michael Kors Holdings changes his name to Capri Holdings Limited and completes the acquisition of Gianni Versace for 2.12 billion dollars. The change of name of Michael Kors is official from 2 January. The American group also changed the symbol to the New York Stock Exchange, from "KORS" to "CPRI". The name refers to the iconic Italian luxury destination, as recalled by John D. Idol, chairman and CEO of Capri Holdings, now "one of the global fashion luxury group leaders, with the acquisition of Versace".
The value will be driven primarily by realities with very strong propositions, which will overcome the mid-market players. The growth of luxury will instead be driven by the rapidly growing economies of the Asia-Pacific and the travel boom in the world.
Ylias Akbaraly speaks about economic and social growth in a high potential continent: Africa. Africa is currently growing rapidly, both economically and socially. What does the current scenario look like? At the moment, we can observe: strong economic growth; galloping demography: in Africa, the population growth equals its economic growth; high fertility rate: 5...