Monday, December 17, 2018
Avenue 32

Avenue 32 ceases trading

Online luxury fashion retailer Avenue 32 has announced its closure following a failed sales process.
Coach shares

Coach shares plummet after trading update

Luxury accessories retailer Coach has seen its shares plummet as it announced that sales may come below expectations for the year.
Marco Gobbetti

New Burberry CEO to judge all 498 stores in cost cutting tour

Burberry‘s new chief executive Marco Gobbetti is reportedly embarking on a secretive world tour to establish which sites may need axing as part of a turnaround effort. prepared to receive £600m bids in coming weeks

Luxury fashion retailer is reportedly in talks with various high-profile investment funds as it prepares for takeover bids estimated to top £600 million.
Michael Kors update

Michael Kors quarterly revenue & profit drops amid Jimmy Choo acquisition

The roll out of a strategic plan as well as the acquisition of iconic British brand Jimmy Choo has led Michael Kors to record falls in profit and sales during its first fiscal quarter.

Zimmermann chooses London for its European store debut

Prestigious Australian fashion label Zimmermann has chosen London's Mayfair to open its first European store.
Alibaba Kering

Alibaba and Kering partner up to combat counterfeit trade

The parent company of retailers Gucci, Yves Saint Laurant and Puma has partnered with Chinese ecommerce platform Alibaba to combat the sale of fake... poised to enter the market

Luxury fashion retailer could soon be put on the market, as advisers are sought to manage the process.

LVMH Moet Hennessy Louis Vuitton sees profits rise across the board

The luxury French fashion giant behind Louis Vuitton LVMH has revealed “an excellent first half” as it grew across all geographical areas.
Michael Kors buys Jimmy Choo

Michael Kors buys Jimmy Choo for $1.35bn

Michael Kors buys Jimmy Choo in a deal worth $1.35 billion after fighting off rival retailer Coach who also expressed interest in the luxury brand.

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