Ralph Lauren Corp said on Tuesday it would cut 15% of its global workforce by the end of this fiscal year as the luxury retailer strives to lower costs and ride out the impact of COVID-19 on sales and shopping habits.
A Delaware Chancery Court justice on Monday agreed to fast-track Tiffany & Co's lawsuit against French luxury goods conglomerate LVMH for trying to back out of its $16 billion deal to acquire the U.S. jeweler.
LVMH said it had submitted its takeover of Tiffany, which is now at the centre of a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it stalled antitrust proceedings.
A French company is collecting fish skins that would otherwise wind up in restaurant trash cans, turning them into leather for use in watch straps and wallets, and pitching them at the high-end luxury market.
France's LVMH faces an uphill battle in walking away from its $16 billion deal to buy U.S. jeweler Tiffany & Co, with legal experts noting most mergers which end up in court are renegotiated rather than dissolved.
White, the uniquely located fashion-forward Milanese tradeshow, this month plans to celebrate Made in Italy and support sustainability, while it showcases several exciting new talents in its upcoming 300-brand salon.
A few weeks after announcing the future opening of factories in the French regions of Normandy and the Ardennes, the luxury label said that it will open a new leather goods workshop in the Auvergne region by 2023.