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LVMH Acquires Arnys

French luxury giant LVMH Moet Hennessy Louis Vuitton Thursday said it bought fashion house Arnys, which makes clothes and accessories for men.

H&M to launch luxury brand?‎

Swedish high street giants Hennes and Mauritz, who own H&M, COS, Monki and Cheap Monday, are rumoured to be branching into a luxury line.

Hong Kong investors buy fashion brand Sonia Rykiel

Hong Kong investment firm Fung Brands has bought 80 percent of French fashion house Sonia Rykiel in a partnership aimed at boosting the brand’s global presence. “The partners want to develop the company as a true international luxury brand,” they said in a joint statement. The Rykiel family will retain a 20 percent stake and … Continued

Oscar de la Renta invites fans to submit ideas

Oscar de la Renta, the high-fashion designer, is launching a digital inspiration Board open to everyone who wants to share an idea for his next collection. For the next 3 months, fans will be able to upload images or videos to the site; these will then appear on a screen in de la Renta’s studio … Continued

French luxury group Hermes posts record 2011 sales

French luxury group Hermes has posted record sales of 2.8 billion euros ($3.8 billion) in 2011, highlighting the resilience of luxury brands in the face of the weakening global economy. The group’s sales were up 18.3 percent last year, beating the target of 15-16 percent growth, it said in a statement, and its operating margin … Continued

LVMH acquires 10% stake in Chinese brand Ochirly

French luxury goods conglomerate LVMH – Louis Vuitton Moet Hennessy has paid US$200 million for a 10 per cent stake in Chinese fashion brand Ochirly. The buyout gives L Capital, LVMH’s private equity arm, to hold a direct stake in the family-owned Ochirly which has total value of US$2 billion. The investment gives L Capital … Continued