Gucci Isn’t the Only Brand Fuelling Growth at Kering

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The luxury conglomerate’s growth trend continues at an impressive pace, thanks to sales increases in nearly every region and from more brands than powerhouses Gucci and Saint Laurent. PARIS, France — French luxury group Kering delivered a forecast-beating rise in first-half operating profit on … Read More

LVMH Profit Grows at Fastest Rate Since 2011 as Asia Rebounds

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Profit from recurring operations rose 23 percent to €3.64 billion ($4.23 billion) in the first half, the French luxury goods conglomerate reported Wednesday. PARIS, France — LVMH, the world’s biggest luxury-goods maker, reported first-half profit in line with analyst estimates as earnings … Read More

Michael Kors to buy luxury shoemaker Jimmy Choo for $1.2 billion

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LONDON (Reuters) – U.S. retailer Michael Kors (KORS.N) agreed to buy luxury shoemaker Jimmy Choo (CHOO.L) for $1.2 billion, snapping up a British company whose towering stilettos have been made famous by celebrity customers from Princess Diana to Kendall Jenner. … Read More

Luxury brands look to Australia: 50 different retailers are considering expanding Down Under

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International luxury and premium brands are eyeing off Australia as a prosperous market, with experts believing the local luxury goods market could become more similar to Europe’s in the coming years. Real estate firm CBRE said in a recent trip to … Read More

Differences in digital luxury retail today

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4 Big Changes Happening in the Digital Retail Today Digital transformation has been the most common concept in the 21st century with the retail industry being among the leading industries that have adopted the changes. The digital retail technology has … Read More

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