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Apparel Accessories and Luxury Goods

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  • Remy Cointreau Says It Swung to a Loss Monday, 25 Jun 2007 | 12:42 PM ET

    Remy Cointreau, the maker of Remy Martin cognac and Piper-Heidsieck champagne, said Monday it swung to a loss in the fiscal full year after it incurred a one-time charge related to its leaving a distribution network.

  • Hermes Cuts FY Sales Guidance to 8-9% Rise from 8-10% Thursday, 21 Jun 2007 | 4:20 AM ET

    Luxury goods maker Hermes has cut its full year sales guidance to an 8-9% rise from an 8-10% rise due to lower sales in Japan, CEO Patrick Thomas said in an interview with the daily Les Echos. He said the company's fundamentals are still good.

  • U.K. in Contact with Ford Over Jaguar, Land Rover Tuesday, 12 Jun 2007 | 6:58 AM ET

    The British government is in contact with Ford Motor over the possible sale of the U.S. carmaker's Jaguar and Land Rover brands.

  • Chinese Taste for Luxury Boosts Richemont Profit Thursday, 24 May 2007 | 12:23 PM ET

    Richemont, the maker of Cartier watches and Montblanc pens, posted a 21% rise in annual net profit to 1.33 billion euros ($1.79 billion) on Thursday as China's economic boom fuelled demand for its luxury goods.

  • Burberry Profit Rise Overshadowed by Computer Costs Thursday, 24 May 2007 | 12:20 PM ET

    British fashion house Burberry reported a 12% rise in annual underlying profit on Thursday on strong sales of its clothes and $2,200 handbags but the cost of a computer system roll out weighed on its shares.

  • Swatch CEO Bets on Luxury Boom in U.S., Japan Wednesday, 23 May 2007 | 7:52 AM ET

    Swatch Group, the world's biggest watchmaker, is betting on a luxury goods boom in the United States and a recovering Japan as its sales continue to show double-digit growth, its chief executive said on Wednesday.

  • Permira Closes in on Fashion House Valentino Friday, 18 May 2007 | 10:19 AM ET

    Private equity firm Permira is in exclusive talks to buy more than half of famed Italian fashion house Valentino, it said on Friday, dimming the chances of a bid battle with U.S. rival Carlyle.

  • Carlyle to Challenge Permira over Valentino: Source Thursday, 17 May 2007 | 9:43 AM ET

    U.S. private equity firm Carlyle Group is set to challenge Permira for control of Valentino by offering 36 euros per share, a financial source said, sending shares in the Italian fashion group to a record high.

  • Permira Buys 29.6% Stake in Fashion Group Valentino Wednesday, 16 May 2007 | 7:02 AM ET

    Permira is to buy a 29.6% stake in Valentino, one of the world's top fashion houses, for 782.6 million euros ($1.06 billion), joining a small number of private equity firms in the luxury brand business.

  • Tuesday after the bell, I reported Disney earnings. I started my report by saying the company "hit it out of the park" on earnings, beating the street by six cents. I then said revenues missed a bit, while still growing.

  • Rich & Richer: Jewel Of The Luxury Crown Thursday, 3 May 2007 | 9:26 AM ET

    Suddenly, the U.S. is the lap of luxury and Bulgari, Tiffany and Cartier are all looking to expand here.