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

Advertisement

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

Swiss Adopt New EU Sanctions On Russia, Allow Oil Payments

ZURICH, Switzerland – The Swiss government impose further sanctions against Russia over the war in Ukraine on Wednesday, in line with the European Union’s latest measures on gold and gold products, the cabinet said. The government said that it had made two new exceptions with respect to transactions related to agricultural products and oil supplies … More Swiss Adopt New EU Sanctions On Russia, Allow Oil Payments

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

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

G20 Finance Chiefs Make Few Policy Breakthroughs At Indonesia Meeting

PARIS, France – The Group of 20 major economies’ finances chiefs on Saturday pledged to address global food insecurity and rising debt, but made few policy breakthroughs amid divisions over Russia’s war in Ukraine at a two – day meeting in Indonesia. With questions growing about the effectiveness of the G20 in tackling the world’s … More G20 Finance Chiefs Make Few Policy Breakthroughs At Indonesia Meeting