LVMH have released their quarterly figures overnight which are positive overall, with the spirits category being the underperformer for the group. The world’s largest luxury group recorded a 4 per cent increase in the first quarter 2014 revenue to €7.2 billion. Why did wine and spirits have a slight dip in the first quarter?
After two years of service with the British luxury brand Mulberry, CEO Bruno Guillon has stepped down with immediate effect. The Wall Street Journal reports that Guillon would be temporarily succeeded by Godfrey Davis. Mr. Davis, who is currently non-executive chairman and was previously CEO, will become executive chairman until a successor is found. “I
To comply with the rules of the Hong Kong Stock Exchange, Miuccia Prada has stepped down as Chairwoman to become co-CEO of the luxury house. Reuters reports that Prada made the decision last week about Miuccia becoming co-CEO alongside her husband, Patrizio Bertelli. There was no indication that Miuccia, who also acts as creative