All the doom and gloom news reports on Tuesday were shown to be wrong on Wednesday as UK annual consumer price inflation (CPI) for September didn’t come in at the predicted 4% but stayed at 3.8%. Read More
Luxury goods giant LVMH is exploring a sale of its 50% stake in Fenty Beauty, which it co-owns with Grammy Award-winning singer and entrepreneur Rihanna, according to four people familiar with the matter. Read More
Private equity firm Advent International is in early discussions to potentially sell its Parfums de Marly business as soon as next year at a likely valuation of more than $2 billion, the Financial Times reported. Read More
Hermès had some good news on Wednesday as it reported a slight sales improvement in key market China and said US shoppers continued to buy its ultra-luxury products in large numbers. Read More
L’Oreal’s shares dropped sharply in Paris after the French cosmetics maker’s third-quarter sales missed expectations. Third-quarter sales of 10.3 billion euros were hampered by weaker performance in North America. Read More
It’s that time of year again when the forecasts about festive season spending come thick and fast. And the verdict from one study is that Britons will spend almost £23 billion on festive products. Read More
China will phase out a long-standing platinum tax rebate for a state-owned giant, potentially opening up the market to new entrants. Read More
In August, Aurélie Alexandre took charge of the Spanish and Portuguese markets for the Danish jewellery giant. Strengthening the brand’s position and optimising its retail network are among the challenges she faces. Read More
Kurt Geiger has filed its accounts for the year to 1 February and they look impressive. The fast-growing premium footwear and accessories retailer has reported healthy increases almost across the board. Read More
French police stepped up the hunt Tuesday for thieves who stole priceless royal jewels from the Louvre museum in a spectacular daylight robbery. Read More
