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
Coach will pay $18.50 in cash for each Kate Spade share — an increase of nearly 30% from where the stock was trading prior to rumors of a sale. Coach said it expects the transaction to close by the end of … Read More
Swiss luxury watchmaker Breitling has been sold to CVC Partners, the private equity group revealed Friday. CVC announced in a statement in London that it will purchase a majority 80-percent stake in Breitling from Theodore Schneider, who will hold 20 … Read More
After the recent acquisition of German luggage brand Rimowa, LVMH Group is reported to have set its sights on Italian luxury bike maker Pinarello. The Pinarello brand was founded by Nani Pinarello, whose son Fausto Pinarello has been president since 1977. … Read More
With the race for autonomous vehicles heating up, Apple may make a move that could potentially help it join in on the competition faster with assistance from a boutique automotive manufacturer. The rumor mill has been turning in the automotive and … Read More
Bang & Olufsen A/S, the Danish maker of luxury consumer electronics, is in talks to be bought by its Chinese distribution partner Sparkle Roll Group Ltd. for an undisclosed amount. Sparkle Roll, which also sells Rolls-Royce and Bentley cars as … Read More
US investment company Blackstone Group is close to selling a portfolio of American luxury hotels to China’s Anbang Insurance Group, news reports said today. Blackstone’s deal to sell its stake in Strategic Hotels & Resorts would amount to USD 6.5 … Read More
The Chinese smartphone family, long known by its average-quality and inexpensive devices, is all set to welcome a new member. Only, the new entrant is a cut above the rest as its major customers are nattily dressed businesspeople who sport … Read More