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EVENTS
TelecomFinance Middle East & Africa 2008
Wed May 21, Madinat Jumeirah Hotel Dubai
Walpole-British Luxury
Wed May 21, The Royal Automobile Club, SW1,London,UK
FT Business Luxury Conference
Wed May 28, to Fri May 30 , Tokyo, Japan
Les Echos-Luxe
Thu Jun 05, Paris, France
Coutts London Jewellery Week
Wed Jun 11, to Sun Jun 15 , London, UK
MediaFinance 2008
Thu Jun 26, Marriott Hotel, Grosvenor Square, London
London Fashion Week
Sun Sep 14, to Fri Sep 19 , London, UK
2nd Annual Global Luxury Forum
Wed Oct 01, to Thu Oct 02 , Moscow, Russia
SIHH 2009 (Salon International de la Haute Horloge
Mon Jan 19, to Sat Jan 24 , Geneve, Switzerland
Baselworld 2009
Thu Mar 26, to Thu Apr 02 , Basel, Switzerland
Wed May 21, Madinat Jumeirah Hotel Dubai
Walpole-British Luxury
Wed May 21, The Royal Automobile Club, SW1,London,UK
FT Business Luxury Conference
Wed May 28, to Fri May 30 , Tokyo, Japan
Les Echos-Luxe
Thu Jun 05, Paris, France
Coutts London Jewellery Week
Wed Jun 11, to Sun Jun 15 , London, UK
MediaFinance 2008
Thu Jun 26, Marriott Hotel, Grosvenor Square, London
London Fashion Week
Sun Sep 14, to Fri Sep 19 , London, UK
2nd Annual Global Luxury Forum
Wed Oct 01, to Thu Oct 02 , Moscow, Russia
SIHH 2009 (Salon International de la Haute Horloge
Mon Jan 19, to Sat Jan 24 , Geneve, Switzerland
Baselworld 2009
Thu Mar 26, to Thu Apr 02 , Basel, Switzerland
VIEWPOINT
An insulated market feels the onset of credit crunch
Given the luxury market's propensity to take on cyclical characteristics in isolation from the general economic climate, it is perhaps coincidence that the challenges being predicted by some practitioners in the business dovetail with the wider population's fears of economic downturn in 2008.
Given the luxury market's propensity to take on cyclical characteristics in isolation from the general economic climate, it is perhaps coincidence that the challenges being predicted by some practitioners in the business dovetail with the wider population's fears of economic downturn in 2008.
MY ACCOUNT
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PEOPLE
B&O names new CEO
Troubled Danish luxury company Bang & Olufsen (B&O) has appointed a new CEO after showing former head Torben Ballegaard Soerensen the door in January.
Troubled Danish luxury company Bang & Olufsen (B&O) has appointed a new CEO after showing former head Torben Ballegaard Soerensen the door in January.
SPECIAL REPORT
Effects of stock market turmoil & 2008 global luxury spend intentions
Recent turmoil in the financial markets has led to a series of dramatic drops in stock markets around the world. Although at the time of writing many are experiencing a rally, most are down 10% or more on levels prior to Christmas.
Recent turmoil in the financial markets has led to a series of dramatic drops in stock markets around the world. Although at the time of writing many are experiencing a rally, most are down 10% or more on levels prior to Christmas.
TODAY'S TOP STORIES 11:59, 14 May 2008
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ITALY: Burani unit acquires Mandarina Duck for E36.9m
Mariella Burani Designer Holding's listed leather goods unit Antichi Pellettieri has acquired 100% of Mandarina Duck owner Finduck.... |
GERMANY: Boss on the prowl
German fashion house Hugo Boss, whose parent company Valentino is 88% controlled by Permira, is once again in acquisition talks, CFO Joachim Reinhardt has stated.... |
UK: Laugesen seeks strategic partners
London based Danish designer Jens Laugesen is seeking strategic partners for a planned expansion.... |
FRANCE: Perfume Holdings catches scent
France's Perfume Holdings II has agreed to acquire 72% of international fragrance and cosmetics developer and distributor Selective Beauty Holding for an undisclosed sum.... |
ITALY: Bids due for Cavalli stake
Roberto Cavalli is expecting first round bids on an undisclosed stake later this month.... |
UK: Who will buy Moss Bros?
UK menswear company Moss Bros is still being eyed by multiple groups, as the deadline for Baugur's exclusivity agreement passed without an acquisition.... |
GERMANY: Escada deal gets a second look
Apax Parners is yet again believed to be looking at German fashion house Escada, after abandoning a potential takeover earlier this year.... |
SWITZERLAND: Muller IPO and Missoni sale talk
Following last week's acquisitions of Bally and Hublot, luxury goods insiders are listening a little more closely to industry gossip around Missoni and Muller.... |
GLOBAL: B&O names new CEO
Troubled Danish luxury company Bang & Olufsen (B&O) has appointed a new CEO after showing former head Torben Ballegaard Soerensen the door in January.... |
SWITZERLAND: LVMH bolsters watch unit with Hublot acquisition
LVMH has signed an agreement to acquire Swiss watchmaker the Hublot group, confirming industry reports that the company would be snapped up.... |
SWITZERLAND: TPG sells Bally after nine years
TPG has agreed to sell its Swiss shoe and accessories brand Bally International AG to Labelux Group for an undisclosed amount.... |
SWEDEN: Pernod Ricard launches E12bn loan
Following its acquisition last month of Swedish Vin & Sprit, Pernod Ricard has launched the E12bn loan to finance the deal.... |
SWITZERLAND: Credit crunch, what credit crunch?
The luxury goods sector is still riding strong despite the current state of the global financial markets, with luxury leaders such as LVMH and Cartier unveiling an increase in sales.... |
ITALY: On/off schedules for luxury goods IPOs
Despite the luxury goods sector seemingly progressing rather unscathed through the credit crunch, IPOs are experiencing an on again-off again trend.... |
GLOBAL: An insulated market feels the onset of credit crunch
Given the luxury market's propensity to take on cyclical characteristics in isolation from the general economic climate, it is perhaps coincidence that the challenges being predicted by some practitioners in the business dovetail with the wider popul... |
GLOBAL: Valentino chairman bows out
Valentino chairman Matteo Marzotto is to leave the company as of March 19.... |
USA: Tiffany shares take off
Shares in US jeweller Tiffany soared nearly 10% this week before settling back on rumours that LVMH was planning a takeover approach. Tiffany, one of the world's largest luxury jewellers that is currently undergoing a store expansion programme, has a... |
GLOBAL: New breed of luxury investors emerge
Alongside private equity, other classes of investor are taking a renewed look at the luxury sector. Banking sources state that for the first time, a media company is in the process of completing an acquisition of a luxury brand. Indicating closer con... |
ITALY: Ferragamo races Prada to the stock exchange
Prada may be the best known but it is not the only family-owned Italian fashion house planning to list in 2008, and it may well be beaten to the Milan bourse by Salvatore Ferragamo, which has announced IPO plans of its own.... |
ITALY: The Prada portfolio:
Prada... |