LVMH Is Planning Sale of Lacroix Designer Line
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Bernard Arnault is preparing to sell Christian Lacroix, a brand founded in the 1980's amid demand for designer clothing, but one that never made a profit.
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The company that makes the UK's best-selling malt whisky is being put up for sale by its family owners.
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FAIRPORT, NY A New York firm has confirmed that it has offered to buy The Robert Mondavi Corporation. Constellation Brands says it has offered 970 (m) million dollars to buy the Napa-based winery.
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Designer Christian Lacroix showed short skirts and skimpy swimsuits in his spring/summer 2007 ready-to-wear collection on Friday as he tries to win younger clients to help revive the label's fortunes.
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A collection of work by artist L S Lowry, valued at half a million pounds, is to go on sale in Birmingham.
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Furniture business MFI is close to finalising the sale of its loss-making retail arm to a private equity group.
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Luxury goods group LVMH sells its loss-making Christian Lacroix clothing label to a US investment group.
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The luxury goods maker LVMH MoÃ«t Hennessy Louis Vuitton posted a sharp increase in its first-half earnings, helped by more stable international currency markets and strong sales from its wines and spirits, fashion and leather goods, and perfumes and cosmetic divisions. The company reported a first-half net profit of 817 million euros ($1.05 billion), up 46 percent from 559 million euros in the period last year. Operating profit jumped to 1.26 billion euros ($1.61 billion), up 35 percent from 935 million euros ($1.19 billion), the company said. LVMH, which is based in Paris, also reported a 13 percent jump in its first-half revenue to 6.97 billion euros ($8.92 billion), up from 6.17 billion euros a year earlier.
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Levi Strauss &amp; Co. has done a U-turn on the sale of its Dockers casual clothing business. Having originally explored selling the brand Levi&#39;s now says there is more value in keeping it.
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French luxury products group LVMH said on Monday it had bought French financial newspaper Les Echos from Britain's Pearson, owner of the Financial Times, and had agreed to sell rival title La Tribune.
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French luxury goods group LVMH Moet Hennessy Louis Vuitton posted a six percent increase in sales for the full year 2004 and said that operating profits rose 10 percent.
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Shares in LNR Property Corp., the real estate development company spun off from Lennar Corp., may rise after the company agreed to be bought by a group led by Cerberus Capital Management LP for $3.
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The cheap-chic designer is leaving the retailer for a more ambitious, and lucrative, role of making over the struggling Liz Claiborne label.
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Liz Claiborne Inc  appears to be close to a deal to sell four of its moderately priced clothing brands, the New York Post reported on Thursday.
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French luxury goods empire PPR said Thursday it has entered exclusive talks with L'Oreal after the cosmetics giant offered to buy its YSL Beaute unit for 1.15 billion euros (1.68 billion dollars).
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LaBranche & Co. Inc. , which runs one of the largest specialist trading operations on the New York Stock Exchange floor, may consider selling all or part of itself, a person familiar with the matter said on Monday.
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The owner of the 182-year-old Lord & Taylor department store chain is close to buying the jewelry and housewares retailer in a $100 million deal.