Tag "luxusipar"

Luxury industry: LVMH’s profit and income decreased in the first half of this year

The profit of LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods manufacturer, fell by 14 percent and its revenue by 1 percent in the first half of...

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The Chinese are already spending on luxury goods, on beer or sports equipment not yet

Chinese consumers mostly buy luxury handbags, cosmetics and health-preserving products as life in the country is returning to normal as the epidemic subsides – origo wrote after Bloomberg. However, they...

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The luxury company supports the French healthcare industry with a mask donation

LVMH, the world’s largest luxury company, ordered masks in a value of 40 million USD from China to support French healthcare – origo wrote, after Business Insider. The first shipment...

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The luxury giant almost doubled its profits

With rising sales revenue, the world’s second largest luxury group, the Swiss-based Financiere Richemont nearly doubled its profits in the first half of the 2017 business year. According to the...

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The coolest shoe brand to be purchased

Luxury shoemaker Jimmy Choo has been bought by Michael Kors Holdings in a deal which values the firm at 896 million pounds. The British firm, which was put up for...

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Paris’s iconic department store la Samaritaine to be extended

The La Samaritaine, which is one of Paris’s iconic landmarks, is to be reborn following an ambitious makeover project. The famous department store, first opened in 1870, is situated between...

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The sales of luxury goods stopped in China

Geopolitical troubles and anticorruption measures in China are taking their toll on the world’s luxury industry, as sales in the sector will likely fall both in China and Russia this...

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