Quarterly sales at the two groups and market leader LVMH show the winning brands are those targeting the very wealthy
Company’s products sold abroad last year totalled €23.5bn, underscoring importance of country’s luxury sector
First-quarter revenues grew 2% at flagship fashion and leather goods unit, against an 18% jump a year ago
French billionaire lays groundwork for generational change at world’s biggest luxury group
Antonio Belloni has worked at French luxury tycoon’s side for 23 years
Group of 11 pharma, tech and luxury shares echoes US dominance of ‘Magnificent Seven’
Luxury group launches venture for product placement and co-developing and co-financing own entertainment projects
CEO switcheroos, big revivals from Genta and Roth… and an embarrassment of green
If luxury spend is set to normalise rather than crash, the shares deserve a second look
The clan that controls the luxury and fashion group is drawing closer to having to make a difficult choice
Better than expected quarterly sales at Bernard Arnault’s group also help to boost rivals
Gérald Genta’s brand to exhibit again after 40 years at the fifth edition of the annual showcase, now part of an expanding watch show calendar
Analysts expect the gap between strongest and weakest players to grow wider
Plus, Citi’s plans to expand in China and how Argus became an oil-focused media empire
Alexandre, 31, and Frédéric, 29, will join siblings Delphine and Antoine as part of patriarch’s succession planning
The 29-year-old scion is going to work ‘more closely’ with his billionaire father, he tells the Financial Times
The second-youngest Arnault is expanding his role within LVMH
Years of high luxury sales are slowing down but demand for artillery will remain strong
‘Not everyone likes it, but that’s how it is,’ Bernard Arnault’s son says, as rival Kering sets ambitious long-term goals
Country has remained a bright spot for top-end spending despite slowdown in many other markets
Celebrating a decade of the designer at Louis Vuitton
Alicia Vikander, Jennifer Connelly, Léa Seydoux, Doona Bea, Haim, Rianne Van Rompaey, Lous and the Yakuz, Renate Reinsve, Ana De Armas and Mona Tougaard are the ultimate muses
A clos encounter with the Vins d’Exception
The cost of designer goods has shot beyond what the brands’ chatter about look and quality can justify
Pret-a-passé
