Chanel renews licence agreement with Luxottica – 28/7/2014

All is well in the Luxottica stable.. Business is good and profits are up. To add another sweetener, Chanel announced last week that it was renewing its license agreement with the eyewear company. WWD reports that the new license agreement with the $US10 billion Luxottica Group is “for the exclusive distribution, development, manufacture and worldwide distribution of

Nadege Vanhee-Cybulski named as new women’s designer at Hermès – 25/7/2014

We reported earlier this week about the speculation in who would be named the new women’s designer at Hermès after it was announced that Christophe Lemaire and Hermès had decided to go separate ways. It was rumoured that Hermès could make a decision as early this week in who was to replace Lemaire and The MO Down predicted

Europe and Hong Kong slows growth for LVMH – 25/7/2014

LVMH, the world’s largest luxury group released their second quarter results this week, which was hindered by an economic slow-down in Europe. Whilst the Group continued to grow in the United States and Asia, Europe held up but wasn’t as promising as they had liked. With organic growth of 3 per cent, the second