Richemont has asked shareholders to reject a candidate from Bluebell Capital Partners as a representative of ordinary shareholders and vote against his election to the luxury group's board at its upcoming AGM.
Euro zone retail sales plunged more than expected in June as prices at factory gates continued to rise, data showed Wednesday, signalling a weakness in consumer demand that could herald a recession in H2.
The Italian fashion group, owner of Alberta Ferretti, Moschino and Pollini, closed H1 2022 with a gross operating margin (EBITDA) of €20.9 million and a net profit of €2.9 million, down from €13.3 million in 2021.
After recently acquiring Byredo, the Spanish group has once again reached for its wallet and acquired a majority stake in the natural cosmetics firm founded by Johana Sanint, who will remain at the helm of the brand.
Fast-growing luxury retailer Watches of Switzerland is ensuring its existing store portfolio maintains its prestige status. So its flagship showroom on London’s Regent Street has undergone a major refurbishment.
The Japanese group recently bought the Parisian luxury label, and intends to accelerate its expansion across Asia, especially in China and Korea, while maintaining its links with Paris to capitalise on its brand image.