LVMH strikes $16.2bn deal for jeweller Tiffany November 25, 2019 Louis Vuitton owner LVMH has struck a $16.2bn (£12.6bn) deal to buy iconic Fifth Avenue jeweller Tiffany after first launching a bid late last month. The $135 (£105) per share deal will see the jeweller join top name brands such as Givenchy and Christian Dior under LVMH’s umbrella. Read more: When a fat finger caused [...]
Billionaire Reuben Brothers check out of hotel group Belmond in $300m deal January 16, 2019 The billionaire Reuben Brothers have sold their shares in New York-listed hotel company Belmond in a deal that could net them more than $300m (£236m). Belmond was acquired last month by Paris-based LVMH, which owns luxury brands such as Louis Vuitton and Christian Dior, in a $3.2bn deal, seeing off competition from private equity buyers. [...]
Escape Room is a fun, trashy but ultimately gutless horror flick that deftly tunes into a booming trend January 31, 2019 When future historians look back on the twenty-teens, perhaps on a nostalgia-fuelled talking head show called ‘I Love 2018’, they’ll remark on the popular trends that characterise our present day. “Who remembers flossing?” the cadaver of Victoria Beckham will rasp, what remains of her body elegantly propped up in a Christian Dior gurney and kept [...]
LVMH is set to buy hotel group Belmond in a deal worth $3.2bn December 15, 2018 Hotel group Belmond is set to be acquired by LVMH for $3.2bn (£2.54bn) as the world's largest luxury group bolster their hotel portfolio. LVMH already owns Cheval Blanc hotels in Courchevel, the Maldives, Saint-Barthélemy and Paris as well as owning Bulgari Hotel and Resorts and will now add Belmond's hotels across 24 different countries to its ranks. [...]
Stock markets slide as Chinese data reveals impact of US-China trade war January 14, 2019 European stock markets have tumbled after weak Chinese trade data laid bare the impact of the US-China trade war. China’s export and import figures fell dramatically in December, going against analysts’ predictions of a rise. Read more: Markets lift as US-China talks reach conclusion Negotiations between the two nations concluded last week without a resolution, although [...]
Why ‘customer-centric’ is the latest designer label we all need October 8, 2018 I'M NOT NORMALLY a fan of surveys, but the Interbrand Best Global Brands Report is, for me, an interesting read. This year’s report has made the headlines because the top-performing sector is the luxury fashion and accessories sector, which has grown by 42 percent since 2017. Why are designers doing well, and what can my clients [...]
Eco-protest movement has driven everyone quite mad October 17, 2019 The exasperation was clear in the commuter’s voice as he shouted “it’s an electric train, you idiot!” at the person who had glued themselves to a DLR service heading into the City from east London. Elsewhere, morning travellers took matters into their own hands and hauled protesters down from the top of Tube trains. We’ve all [...]
Louis Vuitton and Moet & Chandon owner reveals 2016 was a vintage year January 26, 2017 While last year might not have been everyone's favourite 12 months, luxury brand owner LVMH revealed "an excellent performance in 2016", posting solid revenue and cashflow growth. The owner of a variety of posh labels including Louis Vuitton and Christian Dior said organic revenue growth during 2016 was six per cent with sales totalling €37.6bn (£31.9m). Read [...]
Ex-Dior designer Raf Simons crowned chief creative officer of Calvin Klein August 2, 2016 Ex-Dior designer Raf Simons has been appointed as chief creative officer of US fashion house Calvin Klein. Simons left Christian Dior last October after three years heading up the iconic French brand. Read more: Burberry has just moved further into the Chinese market In a statement on Facebook, Calvin Klein said: "Mr Simons will lead the [...]
Here’s how to make the most of investing in Apple, Amazon and major overseas players October 27, 2016 In a globalised world, equity investors need to think big if they want to buy the world’s best companies. “There is no UK equivalent to the likes of Amazon or Facebook. The UK’s own social networking pioneer, Friends Reunited, finally closed its web doors in February this year,” says Michelle McGrade, chief investment officer at [...]