HONG KONG - Italian luxury goods company Prada SpA reported its first drop in annual net profit since it listed in Hong Kong four years ago, as growing retail sales in the Americas and Japan failed to offset declines in Greater China and Europe.
* Cites weakness in China, Europe (Adds details on Asia Pacific market, share reaction)
HONG KONG, March 30 - Italian luxury goods company Prada SpA reported a 28 percent fall in its 2014 net profit on Monday, as growing retail sales in the Americas and Japan failed to offset declines in Greater China and Europe.
PARIS - French luxury goods maker Hermes posted a 7 percent rise in full-year operating income on Wednesday and announced a dividend hike, as well as a one-time additional payment to investors.
* Operating margin 31.5 percent vs 32.4 percent (Adds detail, background)
BASEL, Switzerland - Tag Heuer, French luxury group LVMH's biggest watch maker, said it will launch a smartwatch later this year using Google Inc's Android operating system in a venture with Intel Corp to compete head-on with the Apple Watch.
NEW YORK - Madonna added her voice to the controversy surrounding fashion designers Domenico Dolce and Stefano Gabbana, telling them to "think before you speak" after Dolce described children born to gay couples through fertility treatment as "synthetic."
PARIS, March 17 - French fashion house Chanel said it plans to hike prices in Europe and cut them in Asia to counter the decline of the euro and discourage customers from buying fakes.
LONDON - Outraged celebrities tore into Italian fashion designers Domenico Dolce and Stefano Gabbana on Monday after Dolce described children born to gay couples through fertility treatment as "synthetic". | Video
PARIS - France's government is likely to back a bill banning excessively thin fashion models as well as potentially fining the modeling agency or fashion house that hires them and sending the agents to jail, the health minister said on Monday.