February 26, 2020
Luxury Daily's live news:
Peninsula Beverly Hills sues Hilton for alleged corporate espionage, unfair practices to “jump start” Waldorf Astoria Beverly Hills
The owners of The Peninsula Beverly Hills filed court papers accusing Hilton of allegedly engaging in corporate espionage and unfair business practices by stealing thousands of proprietary documents to “jump start” the opening of the rival Waldorf Astoria Beverly Hills, located across the street.
French fragrance brand Creed sells majority stake to BlackRock private equity group
BlackRock Long Term Private Capital has agreed to become the new majority shareholder in Creed, a storied fragrance brand that supplied perfumes to Britain’s George III and Edward VIII, France’s Empress Eugenie, Monaco’s Princess Grace and U.S. entertainer Frank Sinatra.
Burberry lays charm on Parisian shoppers with Printemps takeover
The custom-built space and windows will draw inspiration from animals, acknowledging the fascination with that subject’s power and symbolism for Burberry chief creative officer Ricardo Tisci and the house’s Victorian-era founder, Thomas Burberry.
Hermès 2019 revenue up 15.4pc to $7.47B, net profit at $1.66B
Revenue from stores was sustained and growth posted in all global markets where Hermès has a presence.
Register now: Women in Luxury conference New York April 15
Register now for Luxury Daily's fourth annual Women in Luxury conference Wednesday, April 15 in New York. Meet with speakers from BMW, Chanel, Piaget, Apple, La Perla, Moët Hennessy, Ritz-Carlton, Mandarin Oriental, Maison Atia, Diamond Producers Association, Forrester Research, Ana Andjelic, Shanker Inc., Accenture, Modern Luxury, Worth, Meredith’s Travel + Leisure, China Luxury Advisors, Sedhom Law Group, Reputation Dynamics, Luxury Portfolio International and LVMH’s Starboard Cruise Services.