Hermes purchases stake in Joseph Erard in a bid to shore up supplies for their upscale watch brands.
Tags: Luxury brand
Dior and Armani Accused of Exploiting Migrant Workers With $2/Hour Wage for High-End Handbags
Italian authorities have ordered luxury fashion giants Dior and Armani to court after allegedly exploiting migrant workers earning as little as $2 an hour to produce high-priced handbags.
Luxury Stocks Report Record High Decline as Consumers Hesitate to Spend Due to Inflation
Luxury brands like Chanel, Hermes, and Louis Vuitton reported a record-high stock decline as consumers hesitate to spend more due to rising prices caused by inflation.
Gucci Owner Kering Sees 14% Slump in Stock Price After Profit Warning Owing to Asia Sales Decline
Kering issued an unexpected profit warning due to plummeting Gucci sales in Asia, lowering its stock price by 14%.
Ferragamo considered as luxury target after US$2.6 billion Loro Piana deal
Salvatore Ferragamo SpA and Tod's SpA were expected to pursue growth through deals with LVMH and Gucci-owner Kering SA.
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CEO Ferraris of Versace is open to recommendations on possible capital investments or retention of family exclusivity for growth opportunities.
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