Diamond miner and retailer Harry Winston posted a 4 percent rise in ore processed in the second quarter, helped by the recovery of higher grades, and the company will hold three rough diamond sales by the end of July.
Chinese demand for premium brands will help luxury stocks continue to outperform even in the face of a shaky U.S. recovery, inflation in Asia and peripheral Europe's debt crisis, a Pictet fund manager said.
Louis Vuitton, the luxury leather goods maker owned by industry giant LVMH, on Thursday said it had acquired for an undisclosed amount the Swiss watch manufacturer La Fabrique du Temps, its partner since 2007.
For a label that is known for being discrete and exclusive, with no publicity and distribution limited to 9 boutiques, the arrival of an e-shop seemed to be a change in strategic direction... That is, until one finds out that the website only offers the most iconic pieces designed by creative director Bruno Frisoni.
Having signed a license in 2010, Puig and Valentino have just revealed their first fragrance together. Called Valentina, the new perfume for women has been classified as floral-oriental and is expected to hit stores in September.
Following its famous Mâle fragrance, whose product offering was largely extended since its launch, Jean Paul Gaultier has just created its second perfume line for men. Named ‘Kokorico’, it marks the beginning of a new era for the French fashion house.
Ralph Lauren is excited to get its new Denim & Supply label going. Presented for the first time at Bread & Butter’s last edition, it was designed to win the hearts of 18-25 year olds. The American group plans to open flagship stores in London, followed by Amsterdam, Tokyo and New York, from Spring 2012 onwards.
China's biggest hypermarket operator Sun Art Retail Group Ltd raised $1.1 billion after pricing its Hong Kong initial public offering at the top of an indicative range, bucking a downturn in Asian IPOs as investors jostled for a piece of China's booming consumer market.
Italian fashion brand Valentino is enjoying solid demand for haute couture pieces, thanks to Middle Eastern, Russian and U.S. buyers and trading overall continues to improve, its head said on Wednesday.