Evolutions Studio

Tag: luxury-group

  • DK heading back to NY

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    French luxury group LVMH said Monday it had sold ready-to-wear group Donna Karan International to US clothing manufacturer G-III Apparel in a transaction that values the company at $650 million (592 million euros). The move will see ownership of the Donna Karan and DKNY brands return to New York where they were launched by the…

  • Bulgari aims to have up to six stores in Russia over 10 years

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    Bulgari, the flagship jewelry brand of luxury group LVMH , plans to open up to four more stores in Russia over the next ten years, betting on the long-term prospects of its luxury market. The company is the second luxury brand to signal its confidence in the Russian market after French luxury group Hermes tripled…

  • Kering’s Gucci sales growth slows in first quarter, below expectations

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    French luxury group Kering's flagship Gucci brand posted a lower-than-expected rise in first-quarter sales on Thursday amid a difficult environment for the luxury sector. Gucci posted 3.1 percent growth in comparable sales, below analysts' expectations of 5 to 6 percent and slowing from 4.8 percent growth in the last quarter of 2015. The luxury goods…

  • Designer Vaccarello to replace Slimane at YSL: source

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    By Astrid Wendlandt PARIS (Reuters) – French luxury group Kering is expected to announce as soon as Monday that Belgian designer Anthony Vaccarello will be the new creative director of fashion brand Yves Saint Laurent, a source told Reuters on Friday. Vaccarello will replace Hedi Slimane, whose departure was announced earlier by Kering. Vaccarello, who…