Will Kering And Hermes Follow Louis Vuitton’s Lead On Princes?

PARIS, France – When Gucci – owner Kering and Hermes reports earnings this week, investors will be looking for signs that the big luxury fashion groups are confident that wealthy shoppers are willing to pay higher price tags for designer accessories. Rival Louis Vuitton, the world’s largest luxury label, said on Tuesday it would raise … More Will Kering And Hermes Follow Louis Vuitton’s Lead On Princes?

Fashion House Chanel Hires Unilever Consumer Goods Veteran As CEO

PARIS, France – French fashion house Chanel named Leena Nair, an executive from Unilever, as its new global CEO on Tuesday, picking a consumer goods veteran to run one of the world’s biggest luxury groups. Nair’s career at Unilever spanned 30 years, most recently as the chief of human resources and a member of the … More Fashion House Chanel Hires Unilever Consumer Goods Veteran As CEO

Karl Lagerfeld’s First Estate Auction Fetches 12 Million Euros

PARIS, France – The auction of a portion of the former Chanel artistic director’s holdings at Sotheby’s brought in four times the pre – sale estimates. KARLS’S COLLECTION: Part of Karl Lagerfeld’s estate has been sold, with Sotheby’s Monaco closing an auction Monday that brought 12 million euros – roughly four time the pre – … More Karl Lagerfeld’s First Estate Auction Fetches 12 Million Euros