NEW YORK – As Starwood Hotels and Resorts expands to meet the evolving global consumer, it does not have to contend with the baggage of heritage, according to an executive at Luxury Retail Summit 2014 Sept. 9.
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Michael Kors announced that it will hold a secondary public offering of about 11.6 million shares owned by Sportswear Holdings Limited.
British fashion brand Belstaff has announced a new head of women’s wear, Delphine Ninous.
Luxury conglomerate Louis Vuitton Moët Hennessy and French leather goods maker Hermès have buried the hatchet in the Commercial Court of Paris.
British automaker Aston Martin is looking forward with the appointment of Andrew Palmer as its next CEO.
Kering has announced plans to take back control of its eyewear business to capitalize on the full value of that segment of its business.
French leather goods maker Hermès reported an 8.1 percent increase in first half net profits.
Italian fashion label Salvatore Ferragamo posted increased sales for the first half of 2014, but net profits decreased 6 percent.
Scottish business owners fret that independence from Britain could result in widespread economic uncertainty since fundamental issues would need to be hammered out, and uncertainty is hardly a boon for business.
For the second quarter of 2014, jeweler Tiffany & Co. saw a net sales increase of 7.2 percent from the year-ago period, causing market investors to reevaluate the brand’s stock prices.