Fashion

UPDATE 1-Gucci says to strengthen supplier checks after TV allegations

MILAN, Dec 22 - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television programme said that Chinese workers assembling its handbags in Italy were working more than three times their contracted hours.

Gucci to check Chinese suppliers after TV exploitation charges

MILAN - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television program showed Chinese employees working more than three times their official hours to assemble its handbags.

22 Dec 2014

Gucci to check Chinese suppliers after TV exploitation charges

MILAN, Dec 22 - Italian fashion house Gucci said on Monday it would strengthen controls on its suppliers after a television programme showed Chinese employees working more than three times their official hours to assemble its handbags.

22 Dec 2014

Gucci ousts leadership duo after sales decline

PARIS - The owners of Gucci parted company with the Italian fashion brand's leadership duo on Friday, promoting the head of their luxury goods business to the top job in response to slumping sales.

12 Dec 2014

German carmakers unveil surprise changes to top management

BERLIN/FRANKFURT - German carmaker BMW and larger rival Volkswagen announced surprise changes to top management on Tuesday, with the veteran CEO of the Munich-based luxury group stepping down a year early and handing the reins to the firm's younger production chief.

09 Dec 2014

Prada targets cost cuts in 2015 as third-quarter profit falls 44 percent

HONG KONG/MILAN - Italian luxury group Prada said it would continue to cut costs next year and open fewer shops than planned after its profit slumped 44 percent in the three months to end-October, hurt by declining sales.

05 Dec 2014

UPDATE 1-Prada targets cost cuts in 2015 as Q3 profit falls 44 pct

HONG KONG/MILAN, Dec 5 - Italian luxury group Prada said it would continue to cut costs next year and open fewer shops than planned after its profit slumped 44 percent in the three months to end-October, hurt by declining sales.

05 Dec 2014

Prada quarterly profit drops, says outlook uncertain

HONG KONG, Dec 5 - Italian luxury goods maker Prada SpA posted a 43.8 percent drop in third-quarter profit and said it faced increased competition amid an uncertain economic outlook.

05 Dec 2014

Luxottica signs deal with Intel to develop hi-tech glasses

MILAN - Italy's Luxottica is joining forces with U.S. chipmaker Intel Corp to develop glasses that combine its top fashion brands with technology that could allow wearers to access information about their health or location.

Tech, Media 03 Dec 2014

Exclusive: Qataris leading race for $900 million Pepe Jeans buyout - sources

LONDON/DUBAI - The Qatari royal family is leading the race to buy the Spanish fashion brand Pepe Jeans as buyout funds struggle to match the sellers' price expectation of at least 700 million euros, several sources close to the auction process said.

Deals, Spain 01 Dec 2014