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NEW YORK— Shares of Michael Kors Holdings Ltd. are falling in premarket trading Friday as one of its principal founding stockholders is selling its remaining shares in the luxury retailer. Michael Kors said that Sportswear Holdings Ltd. is offering about 11.6 million shares in a secondary public offering.
French rivals LVMH and Hermès are celebrating a truce and putting an end to takeover speculation. Hermès shareholders may not be so thrilled.
European shares ended the day firmly in the green on Wednesday, amid hopes that Ukraine and Russia were nearing a cease-fire agreement.
The fashion mogul Bernard Arnault’s LVMH and the Hermès luxury house have finally made peace, the companies say.
Yves Carcelle, the charismatic executive who transformed Louis Vuitton, died on Sunday in Paris. He was 66, the NYT reports.
Shares in Salvatore Ferragamo surged on Friday, after the company reported strong earnings that defied worries about China.
As the Korean wave continues, lucrative foreign investments from France to China could spark the next rush for the country's pop culture.
Victoria’s Secret has lost a trademark battle with high-end U.K. shirt maker involving its "PINK" clothing line.
Bricks-and-mortar locations need to undergo a complete makeover to stay relevant 25 years down the line, experts said.
European shares ended the day lower, as concerns about the impact of further sanctions against Russia weighed amid ongoing unrest in Ukraine.
Luxury stocks sold off on Friday after LVMH results disappointed and concerns over a slowdown in Asia continued to worry investors.
LVMH posted lower profits and margins on the back of a 3 percent rise in first-half sales that came in below expectations.
Top designer Christophe Lemaire is leaving Hermes in the fall to focus on developing his eponymous fashion label, the French luxury group said.
LVMH and eBay have settled a six-year legal battle in which the online auction site was accused of allowing users to sell knock-off goods.
PARIS, July 17- LVMH Moet Hennessy Louis Vuitton and eBay Inc have settled a long-running court battle over the sale of counterfeit luxury goods on the U.S. company's online auction website. LVMH also claimed that the sale of real perfumes through non-approved distribution channels such as eBay hurt its business.
Burberry shareholders rejected a 20 million pound remuneration package for its new chief executive, Christopher Bailey. The Financial Times reports.
Apple has hired the sales director of TAG Heuer to help with the launch of its new iWatch, the head of LVMH's watch brands told CNBC.
South Korean housewife Kwak Ji-yoon used to be a loyal customer of Louis Vuitton, but these days she prefers Alexander Wang handbags.
Lowe's is launching a simulation room that enables customers to view a 3-D representation of their renovation projects.
Sephora has teamed up with ModiFace on a 3-D augmented reality mirror that allows shoppers to virtually test cosmetics.