Think of Rome and you might picture the birthplace of western civilization, the Vatican or Federico Fellini’s La Dolce Vita. Luxury-goods maker LVMH Moet Hennessy Louis Vuitton SA wants you to dream of Fendi.
Qeelin, the Hong Kong-based jeweler acquired by Kering SA 18 months ago, plans to at least double its store numbers in mainland China over the next two years as demand in the country shows no sign of slowing.
Hermes International SCA, the French maker of Kelly handbags, reported the slowest revenue growth in more than three years because of diminishing gains in the leather-goods unit and a drop in watch sales.
Burberry Group Plc, the U.K.’s largest luxury-goods maker, said it is appealing a decision by Chinese regulators to restrict the company’s trademark on its hallmark checkered pattern for leather goods.
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods company, reported its fastest fashion and leather-goods revenue growth in two years, cushioning an unexpected decline in quarterly alcohol sales.