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French luxury group says its performance ‘worsened considerably’ in first quarter amid Gucci reset
A glut of apartments available in the French capital this summer is pushing down prices
Company’s products sold abroad last year totalled €23.5bn, underscoring importance of country’s luxury sector
First-quarter revenues grew 2% at flagship fashion and leather goods unit, against an 18% jump a year ago
French billionaire lays groundwork for generational change at world’s biggest luxury group
French government to receive golden shares to protect sensitive assets linked to military
Appointment hints at succession planning inside billionaire family behind French luxury group Kering
Purchase of Via Monte Napoleone 8 from Blackstone comes as luxury groups compete for desirable locations
Private equity firms Bain Capital and Permira also interested in lossmaking ecommerce business owned by Richemont
The pandemic created a boom in retailers selling designer brands. But Matches is now in administration and Farfetch was sold to avoid insolvency
Announcement comes a week after his predecessor said he would leave Italian couture house
Al-Shifa operation against Palestinian militants is one of the largest battles since the war began
As the Kering flagship struggles, one man has become the public face of making it work
Antonio Belloni has worked at French luxury tycoon’s side for 23 years
Falling sales at flagship brand weigh on French luxury group’s outlook
Decision adds pressure on indebted French IT services company
Private equity group will acquire majority stake from Bluegem as beauty market remains buoyant
Italian company has been put up for sale by PE owners
Investigation follows arrest of co-founder Armando Pereira in Portugal last year
Approach comes less than a month after proposal led by founder and chief to take company private
Finance minister Bruno Le Maire says budget shortfall for 2023 is ‘significantly’ above the targeted 4.9% of GDP
Even the well-heeled are beginning to resist the increasing cost of high-end products
Beauty retailer says customers continue to splash out on premium products even in downturn
Pernod Ricard starts with Scotch blend but aims to create Chinese single malt to grow share in world’s biggest spirits market
End of talks with Czech billionaire piles pressure on French IT company which seeks to avoid insolvency proceedings
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