Tiffany & Co has asked Bulgari owner LVMH to raise its $14.5 billion acquisition offer, arguing that it significantly undervalues the U.S. jewelry chain, people familiar with the matter said on Wednesday.
One of the biggest names in online fashion resale is linking up with one of the world’s top department stores for a year-long physical store with Vestiaire Collective to open at Selfridges, Oxford Street on October 30.
In order to win over younger consumers, the luxury industry should focus on emotion and transparency, while giving new importance to products and stores, according to a new study from consultancy firm Bain & Company.
Luxury brands from Prada to Cartier are counting the cost to their businesses of four months of unrest in Hong Kong that has kept tourists away and forced shops to shut, with upcoming results set to show the damage.
After a bumpy few years, luxury brands are re-committing to China's market as a weaker yuan and the US trade war funnel more Chinese high-end spending back home, Tiffany & Co CEO Alessandro Bogliolo said in an interview.
China’s second-largest e-commerce firm JD.com Inc has appointed Jason Hu, a former managing director at a Chinese private equity firm, as head of strategic investment to oversee deals both at home and overseas.
Dolce & Gabbana expects sales in China to fall in the current fiscal year after a slowdown in 2018-19, as it still struggles to shake off the fallout from a controversial advertising campaign in the country.