MILAN - Italy's state-backed fund Fondo Strategico Italiano (FSI), one of the bidders for a minority stake in Versace, is willing to put in an offer valuing the whole fashion house at 1.1 billion euros ($1.5 billion), people familiar with the issue said.
MILAN - Investors are scrambling for a share of Europe's biggest luxury goods IPO in years, as owners of skiwear maker Moncler seek to raise as much as 785 million euros ($1.07 billion) and the company pushes beyond its trademark feather-filled jackets.
MILAN - A new investor is likely to buy a minority stake in Italian fashion house Versace by Christmas, Chairman and core shareholder Santo Versace said on Thursday.
MILAN/PARIS - Goose down jacket maker Moncler is seeking to raise as much as 785 million euros ($1.06 billion) in what will be the biggest flotation in the European luxury sector since Salvatore Ferragamo more than two years ago.
FRANKFURT - German fashion house Hugo Boss has abandoned its 2015 profit target, joining the ranks of luxury goods companies warning of slowing sales growth in China.
* To increase spending on advertising to 6-7 pct of sales
(Corrects headline to show 25 percent is a margin target, not a growth target)
ZURICH - Global watchmaker Swatch has taken control of Dubai's Rivoli retail chain, the latest luxury group to take a closer interest in its emerging markets outlets in order to use local knowledge to manage its image and better profit from rapid regional growth
LONDON - Eclectic men's fashion designer Paul Smith, suit maker to Prime Minister David Cameron and footballer David Beckham, kick-started the opening of an exhibition of his work by throwing a pair of his signature stripy socks to the world's media.