Textiles Apparel and Luxury Goods Apparel Accessories and Luxury Goods

  • Hermes International said sales for the first half were 721 mln euros, up 2.9% from 700.5 million a year earlier, as a negative currency impact weighed on growth.

  • French luxury goods company PPR said Tuesday it owns 62.1% of Puma following an extended offer period for the German sportswear company.

  • Red & Black Lux, a unit of private equity group Permira, said Thursday it is bidding for the outstanding shares of Hugo Boss in an effort to gain complete control of the German fashion company.

  • French luxury goods maker PPR will not raise its 330 euros a share ($444.5 a share) offer for German sportswear company Puma.

  • Waterford Wedgwood, one of Ireland's best-known companies, reported continued losses and sales declines Wednesday in its full-year results, but said more cost-cutting and share offerings could return it to profit.

  • 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.

  • 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.

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

  • 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.

  • 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 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.

  • 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.

  • 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 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.

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