Luxury Web Battle Looms as LVMH, Hugo Boss Develop E-Commerce

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(Bloomberg) — As department stores and publishers join the ranks of those offering luxury goods online, they’re running into a new breed of competitor: makers of the designer clothing, handbags and accessories they sell. The shift is making the Internet … Read More

Yoox gets go-ahead to create world’s largest luxury goods website as Italian authorities allow it to buy Net-A-Porter

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The Italian Securities and Exchange Commission has given its approval for a merger that will create the world’s largest online luxury goods website. Italian e-retailer Yoox has been given the green light to buy Net-A-Porter, which was founded by the … Read More

Ferragamo CEO sticks to core profit guidance despite China slowdown

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The chief executive of Italian luxury goods maker Salvatore Ferragamo (SFER.MI) stuck on Sunday to last month’s profit guidance despite slowing growth in Asia, its biggest market. Speaking to analysts in late August, the chief financial officer of Ferragamo said … Read More

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