Luxury

Luxury giant LVMH has reached an agreement to sell the Marc Jacobs brand to WHP Global. The deal is expected to close by the end of the year after regulatory approvals.

13 Mwezi wa tano, 2026 Imeripotiwa na AI

Panerai has introduced the new Submersible GMT PAM01495 featuring a skeletonized movement and lightweight titanium case. The 47mm watch offers a 500-meter depth rating and advanced technical details.

Bernard Arnault, chair and CEO of LVMH, spoke at the company's annual general meeting in Paris on Thursday, highlighting the Middle East crisis's drag on sales, strong reception for Dior's new designs, and his succession plans. Amid a 25% drop in share price this year, Arnault expressed confidence in the luxury group's future and revealed his family's stake exceeds 50%. He dismissed rumors of selling the La Samaritaine department store.

22 Mwezi wa nne, 2026 Imeripotiwa na AI

Moncler Group reported a 12% increase in first-quarter revenues to €880.6 million, driven by strong performance in Asia and the Americas. The company highlighted robust growth for both Moncler and Stone Island brands amid global challenges. Executives emphasized brand engagement and strategic shifts under new leadership.