PARIS — Shares in LVMH Moët Hennessy Louis Vuitton soared on Friday as investors cheered the group’s record 2023 results and positive outlook, reversing some of the recent slide in luxury sector stocks. LVMH shares rose 12.8 percent to 773.10 euros in trading after the world’s biggest luxury group reported sales rose 8.8 percent to … Read more
LONDON — A group of institutional investors is contesting the proposed purchase of Farfetch by Coupang, and plans to fight for the money it believes is owed to them by the fashion e-commerce platform, which filed for administration late last year. Bond holders in possession of more than half of Farfetch’s 3.75 percent convertible senior notes, … Read more
Laurent Malecaze, chief executive officer of Dunhill since January 2022, is to take the management helm of Chloé, WWD has learned. Malecaze succeeds Riccardo Bellini, who left an indelible mark on the Paris fashion house as the architect of its new business model based on purpose, sustainability and accountability. Sources describe the management transition as … Read more
