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Latest in Financial

Luxury Tycoon Bernard Arnault Locks In Family Ownership of Holding Company

The chairman and CEO of LVMH is changing the structure of his main holding company to ensure continuity.

John Idol Declares Capri’s Luxury Transformation Complete

The CEO mapped out the growth potential of Versace, Michael Kors and Jimmy Choo.

FaZe Clan Has Gone Public

The gaming and lifestyle media platform completed its merger and will be named FaZe Holdings and began…

Chinese Fashion Group Vi-ein to Go Public in Shenzhen

Vi-ein, the owner of London-based Chinese designer brand Renli Su, is betting on the strength of the high-end…

Giorgio Armani Group 2021 Sales Surpass 2B Euro Mark One Year Ahead of Plans

The goal Armani set last year was to return to pre-pandemic levels by 2022 and the company is also…

REI Path Ahead Ventures Selects Founders of Color for Accelerator

Each participant will receive a $25,000 equity-free grant.

Activist Hedge Fund Bluebell Wants a Bigger Voice on Richemont’s Board

Bluebell wants Richemont to name a representative for those who hold the publicly-listed "A" shares, and the…

H&M to Wind Down Russia Operations

The group will temporarily reopen some stores to offload inventory before it exits the territory.

China Lockdowns Dent Burberry’s Q1 Growth, as Europe Bounces Back

Revenue increased 5.4 percent to 505 million pounds in the fiscal quarter, with China lockdowns weighing on…

U.S. Becomes Richemont’s Largest Market in Q1, as Sales Rise Worldwide

The U.S. was Richemont's largest single market in the April to June period, with sales climbing 41 percent to…

Amazon Prime Day’s $11.9 Billion Retail Blitz

Price still moves consumers, who bought over 1.2 million sunglasses during the two-day event in the U.S.

Swatch Sees H1 Profit Rise 18.5 Percent, and Continued Demand for MoonSwatch

All major markets in Europe, America and the Middle East increased their sales in the double digits, with…

Prime Day Delivers $6 Billion Sales Day Online: Adobe

The hubbub and price cuts overcame the economic worries of consumers, which are growing more real with…

Brunello Cucinelli Eyeing Sales of 1B Euros in 2024

The milestone would be reached two years sooner than planned.

EXCLUSIVE: Lanvin Group Discloses Financial Details Ahead of IPO

The luxury group's revenue climbed 52 percent to 339 million euros in 2021 and is on track to achieve…