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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Ferrari Says Internal Documents Online, But No Evidence Of Cyber Attack

MILAN, Italy – Ferrari said on Monday some internal documents had been posted online and the luxury sports carmaker was working to identify how this had happened. It will implement all the appropriate actions as needed; it said in an emailed statement. Ferrari added it had no evidence of a breach of its systems or … More Ferrari Says Internal Documents Online, But No Evidence Of Cyber Attack

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

Ferrari Names Carla Liuni New Chief Brand Officer

MILAN, Italy – Ferrari on Monday named former jewellery executive Carla Liuni as its new chief brand officer as the Italian luxury carmaker pushes ahead with an ambitious strategy launched a year ago to diversify beyond cars. Liuni’s appointment is the latest step in a management reshuffle announced earlier this year by new Chief Executive … More Ferrari Names Carla Liuni New Chief Brand Officer

Amazon Not Liable For Online Louboutin Knock – Offs, EU Court Adviser Says

BRUSSELS – U.S. online retailer Amazon is not liable for the sale of counterfeit Louboutin shoes on its platform, an adviser to Europe’s top court said on Thursday, a potential setback for the shoemaker known for its red sole shoes popular with celebrities. The case dated from 2019 when Louboutin sought an injection against Amazon … More Amazon Not Liable For Online Louboutin Knock – Offs, EU Court Adviser Says

Moncler Bets On Store Expansion, Footwear To Drive Growth

MILAN, Italy – Italian luxury group Moncler said on Thursday it would open refurbish or relocate 200 stores in the next three years, mostly in Asia, and diversify into shows and clothes for warmer weather. The group, which in 2020 acquired streetwear brand Stone Island, also said it expected to beat analyst forecasts for annual … More Moncler Bets On Store Expansion, Footwear To Drive Growth

Luxury Brand Hermes Considers Metaverse As Means To Communicate

PARIS, France – Hermes is considering using the metaverse for communications although the maker of Birkin bags and other luxury goods remains focused on craftsmanship, Executive Chairman Axel Dumas told shareholders on Wednesday. ‘We are curious and interested’ about the metaverse, he said, adding it could be a good communication tool. At Wednesday’s annual shareholder … More Luxury Brand Hermes Considers Metaverse As Means To Communicate