China Denounces More Designer Fashion T-Shirts

Adding to turmoil rocking Hong Kong, western fashion brands are coming under fire in China for designs perceived to run afoul of local political sensitivities. The uproar has sparked calls for boycotts in a market that accounts for a third of global luxury demand. Less than 24 hours after Versace apologized for t-shirts that were […]

What’s Up With Gucci’s Slowing Sales and LVMH’s Momentum?

Sales growth at French luxury group Kering’s Gucci brand has slowed after three years of breakneck growth, as rival LVMH accelerates. The Italian label’s comparable sales rose 12.7% in the second quarter, compared with an analyst forecast of 14.5%. Although Kering’s overall sales gains were roughly in line with expectations, the waning momentum at its […]

There Are Now Three People Worth Over $100 Billion

Bernard Arnault, Europe’s richest person, just joined Jeff Bezos and Bill Gates in the world’s most exclusive wealth club with a fortune of at least $100 billion. Arnault, chairman of LVMH, entered the ranks of centibillionaires Tuesday as the luxury-goods maker climbed 2.9% to a record 368.80 euros a share. His net worth has increased […]

Rihanna’s Fashion Collaboration with LVMH Goes Live

Robyn “Rihanna” Fenty has arrived, again. Fenty, Rihanna’s new luxury clothing line with LVMH, debuted in Paris on May 24 and opened its doors to the online masses today. The multi-hyphenate star is now the first woman of any hue to launch an original brand at the fashion titan, and the first black woman to […]