Mao relative takes Sotheby’s stake

Taikang Life pays $230m for 13.5% holding in auction house

LVMH sells Donna Karan International for $650m

French luxury group offloads fashion house to US clothing company G-III

Week in Review

Week in Review, July 16

Burberry shake-up, Airbus and Boeing, Thomson Reuters and UFC

Swatch shares slip on profit warning

Swiss watchmaker says first-half net sales are expected to fall 12%

Burberry Regent’s Street 3/5/2016

Burberry puts trenchcoat factory on hold

Luxury brand reassesses speed of UK project after Brexit vote

Burberry’s Peace battles investor storms

Chair’s choice of chief for the luxury group and StanChart puts companies on sounder foundations

Burberry Womenswear February 2016 Show Finale_001

Burberry: when it rains

Plan now in place is straight out of the sensible retail handbook

Burberry expects boost from weaker pound

Bailey says market remains tough but cost-saving plan on track

Burberry gets creative in the boardroom

Some shareholders question whether the group is swapping one ill-fitting structure for another

Bailey: dedicated follower of fashion

Luxury goods group acknowledges high office and haute couture do not go hand in hand

Burberry investors welcome new chief

Group’s performance has stumbled under current CEO Christopher Bailey

Burberry’s new chief is a luxury veteran

Céline chief will join UK group after two decades in upmarket fashion

Burberry replaces CEO in board shake-up

Marco Gobbetti, head of Céline, to take over from Christopher Bailey

Dior chooses Chiuri as top designer

French fashion house picks first ever female creative director

Tod’s weighs shift in sales strategy

Luxury group moots plan to release products more frequently

UK’s potteries fight off Brexit threat

Tableware manufacturer Steelite bought out by US firm

Huge diamond fails to dazzle at sale

Bid of $61m for 1,109 carat Lesedi La Rona falls short of reserve

Kering chief slaps down Puma sale talk

French luxury group says athletic brand is ‘on track’

Gucci owner optimistic on China

Kering chief identifies gains from stronger digital presence

Qatari fund buys Balmain fashion house

Mayhoola for Investments plans to expand French brand with more stores abroad

Chinese shoppers now look for more than a logo

Rich consumers want to show that they have good taste and that they are individuals

Asian brands go west chasing holiday shoppers

The affluent combine European and US breaks with spending sprees

Mulberry’s affordable luxury pays off

Retailer triples pre-tax profits in full year to March

Burberry board departure stokes concerns

Loss of COO Smith heightens fears over corporate expertise

Ralph Lauren warns of 2016 sales decline

New chief Stefan Larsson vows to close stores and cut costs


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