Luxury giant LVMH and American jeweller Tiffany have confirmed that they've “entered into a definitive agreement whereby LVMH will acquire Tiffany for $135 per share in cash," valuing Tiffany at €14.7bn/$16.2n.
Nordstrom Inc raised its 2019 forecast unlike many competitors and reported third-quarter profit above Wall Street expectations on Thursday, sending the retailer’s shares up about 10% in extended trading.
French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday.
Private equity firm Catalyst Capital Group Inc is seeking financing for a bid for Saks Fifth Avenue owner Hudson’s Bay Co that would top a C$1.9 billion ($1.4 billion) deal the retailer reached last month.
Chanel has pushed up the date of its next Métiers d’Art show, as Paris braces for a new series of transport strikes in December. Originally scheduled for Thursday, December 5, but now advanced to Wednesday, December 4.
JP Hackett has opened the Savile Row townhouse location that it announced earlier this year with the high-end menswear brand adding further to its central London offer as the nearby Jermyn Street location remains open.
Burberry has introduced a new global parental leave policy and will offer all employees 18 weeks of parental leave at full pay and the opportunity to work a 30-hour week at full pay for four weeks on their return.
The web is brimming with all kinds of content, and labels have understood the appeal of strong visual images and storytelling through uber-curated videos, as shown by the latest ad campaigns by Versace, Gucci and GCDS.
In response to the challenge issued by Gucci CEO Marco Bizzarri, the digital-first luxury consignment marketplace has announced that it is accelerating its sustainability plans and now aims to be carbon neutral by 2021.