The French stock market authority has found LVMH secretly bought shares in rival Hermes to build a stake, and not merely make a financial investment as the luxury group has claimed, a newspaper reported.
Insatiable demand among the global super-rich for swanky retail property in Europe has driven rental returns on the best shopping streets so low they are not much higher than the safest government bonds.
Luxury French companies are booming but suffer from a shortage of international executives. The situation has prompted the French Institute of Fashion to launch a one-year program in English to ready managers for an i...
British luxury group Burberry posted a 10 percent rise in fourth quarter revenue as strong demand for its more expensive products in China helped it beat sales forecasts for the second half of the year.