Energy-Saving In Fashion, Valentino Turns Off Lights Early

MILAN, Italy – Italian brand Valentino has decided to switch off the lights in its shops earlier at night to save energy and give a signal of ‘environmental awareness’, following in the footsteps of the French luxury giant LVMH. Starting from last night, lights in around 95 Valentino’s boutiques around the globe are to be … More Energy-Saving In Fashion, Valentino Turns Off Lights Early

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Volkswagen Targets70-75 Billion Euro Valuation In Planned Porsche IPO

PARIS, France – Volkswagen is targeting a valuation of 70 billion to 75 billion euros ($70.1-75.1) billion for luxury sportscar maker Porsche as part of a planned initial public offering (IPO) of the division, a person familiar with the matter said. The pricing formed the basis for discussions in the supervisory board that were taking … More Volkswagen Targets70-75 Billion Euro Valuation In Planned Porsche IPO

Bentley First – Half Profit More Than Doubles, Boosted By Customised Cars

PARIS, France – Luxury British carmaker Bentley’s first – half operating profit more than double, boosted by increased customisation of cars as sales rose significantly in Europe and Britain despite ongoing global economic uncertainty. The unit of German carmaker Volkswagen on Friday posted an operating profit for first six months of 2022 of 398 million … More Bentley First – Half Profit More Than Doubles, Boosted By Customised Cars

Hermes Bounces Back In China As Margin Hits Record High

PARIS, France – Sales at Birkin bag maker Hermes rose sharply in the second quarter, lifted by fast growth in Europe and the United States, and rebounding quicker than rivals in China after lockdowns eased in June. Luxury retailers were hit hard by curbs on movement from mid – March in key Chinese cities such … More Hermes Bounces Back In China As Margin Hits Record High

Luxury Shoemaker Manolo Blahnik Wins 22 – Year Trademark Battle In China

PARIS, France – Manolo Blahnik, the shoe brand made famous by its celebrity fans and regular appearances in TV drama ‘Sex and the City’, said on Tuesday it has won a legal battle in China to use its own name, paving the way for the brand’s expansion across the country. The company, named after its … More Luxury Shoemaker Manolo Blahnik Wins 22 – Year Trademark Battle In China

U.S. State Department OKs Potential Sale Of C-17 Aircraft Support To UAE – Pentagon

WASHINGTON – The U.S. State Department has approved the potential sale of C-17 aircraft sustainment and related equipment to the United Arab Emirates for an estimated cost of $980.4 million, the Pentagon said on Tuesday. Despite approval by the State Department, the notification does not indicate that a contract has been signed or that negotiations … More U.S. State Department OKs Potential Sale Of C-17 Aircraft Support To UAE – Pentagon

Qatar Confirms Boeing MAX Order Lapsed, May Buy More 777X

PARIS, France – The head of Qatar Airways confirmed on Monday that a provisional deal to buy at least 25 Boeing 737 MAX planes had lapsed but added the airline could expand a separate order for larger 777x jets. Chief Executive Akbar Al Baker told reporters at the Farnborough Airshow that the memorandum of understanding … More Qatar Confirms Boeing MAX Order Lapsed, May Buy More 777X

SAS And Pilots To Resume Negotiations On Monday After 14 Days Of Strike

PARIS, France – Ailing Scandinavian airline SAS and striking pilor unions will resume negotiations on Monday, public broadcaster NRK said, after failing to reach new collective agreements over the weekend. Most SAS pilots in Sweden, Denmark and Norway walked out on July 4 after talks over conditions related to the carrier’s rescue plan collapsed. The … More SAS And Pilots To Resume Negotiations On Monday After 14 Days Of Strike