French luxury goods group LVMH on Monday posted a surge in first quarter sales, beating analysts' growth forecasts and boosted by Asian demand for its labels ranging from Louis Vuitton to Christian Dior.
Sainsbury’s has been mulling a takeover bid for embattled Mothercare, and while analysts think a deal unlikely, they see it as a prime target given its plunging share price and well-publicised cash flow problems..
The fashion retailer selling cult menswear brands has been named as one of the fastest-growing companies in the UK after seeing profits soar by 139%. It is planning to open a flagship store in London’s Soho this year.
The house of Hermès has opened a major new manufacturing plant in Franche-Comté, the eastern French region bordering Switzerland. Named the Manufacture of Allan, it will employ 260 leather goods artisans.