French luxury goods giant is not asking to renegotiate its $16.2-billion acquisition of U.S. jewelry chain Tiffany & Co after deliberating whether to do so, people familiar with the matter said on Friday.
European cross-border e-commerce continues to grow, with fashion a leading category and pure players grabbing the lion share of the business, while Amazon accounted for 80% of the sales generated by non-European sellers.
Criticism is brewing in the UK media over big foreign firms, including Chanel, accessing state-backed UK loans. But the company said it would be repaid within a year and also that it hasn't used the furlough scheme.
Few luxury sectors are in a greater stage of flux than eyewear, where luxury giants like Kering and LVMH have both radically redrawn the business model. Meet Rosario Toscano – who just launched Balmain eyewear.
NYC's prince of jewelry, HRH Prince Dimitri of Yugoslavia, will release Once Upon a Diamond: A Family Tradition of Royal Jewels, a book of memoirs on his family's collections and his own designs, in September.
The high-end German ready-to-wear giant is currently in talks with the Swiss-born executive, who recently left his post as the head of Tommy Hilfiger and PVH Europe. At Hugo Boss, he would succeed Mark Langer as CEO.
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