Gucci's sales growth remained sluggish in the first three months of the year. Kering unveiled a reorganisation of its luxury activities with the creation of three divisions to better manage its brands.
Bernard Mariette, who in 2009 became CEO of Coalision, parent to the brand Lolë, is purchasing a majority stake in the Canadian company with his fund Pelican and a group of investment partners, including members of the Hermès family.
Procter & Gamble, the world's largest household products maker, reported a higher quarterly profit on Wednesday, helped by an increase in sales of its home care products. Sales were unchanged at $20.6 billion.
British retailer Sports Direct hit out at shareholders on Wednesday for failing to back a lucrative bonus share scheme proposed for its founder Mike Ashley, as it posted a rise in fourth-quarter sales.
The group founded by Renzo Rosso in 2013 attained a 1.57 billion euro turnover (+2% compared to 2012), while gross operating income declined, according to statements made by CEO Riccardo Stilli to WWD and Sole 24 Ore.
Lululemon Athletica Inc shares slumped as much as 7.4 percent to the lowest in nearly month on Monday as analysts worried about the premium Canadian yogawear retailer's growth prospects following its analyst day presentation last week.
British luxury goods group Burberry said strong sales in China and South Korea helped it to a 19 percent rise in second-half revenue, but that it expected currency headwinds to hit profits in the next two years.
Privately owned luxury group Labelux has hired Bank of America Merrill Lynch to advise it on a possible London market flotation of Jimmy Choo this autumn that could value the upmarket shoemaker at over 900 million pounds ($1.