France
Kering to offer Puma shares to investors
The Paris-based luxury group will offer its shareholders the option of receiving shares in sports brand Puma in place of cash dividends
Carrefour to acquire 17% of Showroomprive
The French multinational retailer and the online sales player announced the signing of a strategic agreement. Carrefour will acquire 17% of the share capital of Showroomprive from Conforama, a subsidiary of the Steinhoff Group
Vivarte sells Merkal Calzados
The sale of the Spanish footwear brand to British private equity firm OpCapita is part of the ongoing restructuring program of the French retailer
adidas appoints new managers for Europe
The Germany-based sportswear group has appointed new General Managers for its operations in important Europe markets. France, Italy and Iberia will have new business heads
Hermès to expand production in France
The France-based luxury group has announced it will open two new leather-goods production sites within the next two years in France
Double-digit revenue growth for LVMH
One of the world’s leading luxury products group, LVMH Moët Hennessy Louis Vuitton recorded a 14% increase in revenue for the first nine months of 2017. Organic revenue grew by 12% compared to the similar period in 2016
Louis Vuitton with 12% organic revenue growth
The luxury goods brand has announced first half results. Growth marked the performance of the company in the first six months of the year
Hermès with solid growth
The France-based luxury group announced consolidated revenue of 2.7 billion euros in the first six months of 2017, up by 11% at current exchange rates and by 10% at constant exchange rates. The group recorded solid increase in sales across all geographical areas
LVMH Designers Prize winner announced
French designer Marine Serre of MARINE SERRE was the recipient of the LVMH Prize for Young Fashion Designers for 2017
Kering with outstanding revenue growth
Consolidated revenue in the first quarter was up by 31.2% as reported. Revenue by luxury activities was up by 34.0% and sport & lifestyle activities up by 16.5%
Strong sales growth posted by Hermès
The French-based luxury group announced strong sales growth in the first quarter (+14%), as a result of a strong momentum registered across all geographic areas
Louis Vuitton with revenue growth
LVMH Moët Hennessy Louis Vuitton, one of the leading groups in high quality products recorded revenue of 9.9 billion euros for the first quarter 2017, an increase of 15% compared to similar period last year
Hermès revenue passes the 5 billion euros mark
The group announced consolidated revenue for 2016 of 5.202 million euros, up by 7.5% (current exchange rates). Net profit increased by 13%, totaling 1.100 million euros
Brazilian footwear exports grow by 5%
According to the Brazilian Shoe Manufacturers Association (Abicalçados) in February, footwear exports totaled 9.16 million pairs, generating 81.54 million US dollars, down by 6.8% in volume, but growing by 5% in value-
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