Richemont Snaps Up Yoox Net-à-Porter As Luxury Battle Moves Further Online

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In the latest demonstration of how e-commerce is the without doubt new front line in the luxury wars, Swiss conglomerate Compagnie Financière Richemont (cfruy) said on Monday it was buying the rest of leading online luxury retailer Yoox Net-à-Porter in … Read More

China’s Biggest Luxury Brand Acquisitions of 2017

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At a time when the government is tightening control over capital outflows, Chinese companies have nevertheless been aggressive in acquiring foreign luxury brands. In 2015, Chinese enterprises spent over $103 billion on foreign brands. In just the first four months of … Read More

Luxury retailer MatchesFashion sold for $ 1 billion

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MatchesFashion has been purchased by private equity firm Apax Partners at a reported $1 billion, according to The Business of Fashion. Founders of the lifestyle purveyor Tom and Ruth Chapman, as well as existing venture capital backers Scottish Equity Partners (SEP) and Highland Europe, … Read More

China’s Geely Buys Iconic British Luxury Automaker Lotus

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In another overseas acquisition for Chinese carmakers, prestige British car brand Lotus will soon be owned by China’s Geely. The Chinese auto giant also owns Sweden’s Volvo, and will assume ownership of Lotus from the brand’s current parent company, Malaysia’s … Read More

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