Kering Archives - Page 2 of 4 - Inside Retail Asia
Gucci America has filed a lawsuit against Forever 21 for allegedly copying its trademark stripes.
The Kering lawsuit filed against Alibaba and Alipay, an Ant Financial subsidiary, in the US district court in New York last year has been withdrawn.
Kering revenues in Asia-Pacific, (excluding Japan), soared 34.4 per cent in the first half year.
Selima Optique has filed a lawsuit against Kering, accusing it of false advertising, unfair competition and fraud.
Gucci parent Kering has reported double-digit growth in every market globally in its first financial quarter – except Japan.
French luxury goods brand Hermes made a record net profit last year of €1.1 billion (US$1.19 billion).
The new Stella McCartney 2017 ad campaign was shot in France’s Cote d’ Azur.
Rebounding luxury goods sales in Mainland China and improvements in Hong Kong have boosted third-quarter Hermes results.
Kering sales soared 10.5 per cent globally in the latest quarter, with luxury sales up 11.3 per cent.
Traders selling luxury goods on Taobao will have to prove they have the right to, in a ramping up of the Alibaba fake fight.
Swiss luxury watch and jewellery retailer Kirchhofer is up for sale, Reuters reports.
Hong Kong-listed luxury watch retailer Hengdeli Holdings has warned its shareholders to expect a 70 per cent drop in profit share.