French luxury products group LVMH said on Monday, 24th December it had bought French financial newspaper Les Echos from Britain's Pearson, owner of the Financial Times, and had agreed to sell rival title La Tribune.
More than four years after their priceless garments were plundered in the looting that followed the US invasion, Iraq's premier dress designers are back in fashion -- of the ancient Mesopotamian variety.
Military-run Myanmar will hold a new auction of gems and jade in January, state media said Friday, December 14th, amid calls for a boycott and sanctions against the junta following its bloody crackdown on protests.
New York authorities said Wednesday, December 5th, they had broken up a gang that smuggled dozens of containers of Chinese-made fake handbags and shoes into the United States disguised as shipments of noodles.
French high-end retail group Galeries Lafayette has signed a preliminary deal with a Hong Kong-based clothing group with a view to opening a department store in mainland China, the companies announced on Monday, December 3rd.
Military-run Myanmar has wrapped up a gem auction, a major money-spinner for the junta, state media said Tuesday, november 27th despite sanctions and calls for a boycott following its deadly crackdown on protests.
The world's biggest diamond company De Beers said Thursday it was selling its historic Cullinan Diamond Mine in South Africa, where the largest ever diamond was found. It said it was selling the mine for one billion rand (147 million US dollars, 99 million euros).
Richemont, the world's second-biggest luxury goods group, recorded Friday, november 16th a 28 percent increase in net profit for the first half of the financial year, up to 824 million euros (1.201 billion dollars).