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.
Louis Vuitton appointed former Balenciaga designer Nicholas Ghesquiere as artistic director of womenswear, succeeding Marc Jacobs, and said he will “infuse” the world’s largest luxury brand with modernity.
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.
DFS Group, an operator of duty-free shops controlled by LVMH Moet Hennessy Louis Vuitton SA, said it plans to open its first stores in Europe to cater to Chinese consumers who travel more frequently to the region.
Worldwide luxury-goods sales will expand at the slowest pace since 2009 this year as slack Chinese consumption and the weakness of the Japanese yen weigh on growth, according to an estimate from Bain & Co.
Marc Jacobs’s departure from Louis Vuitton to focus on an initial public offering of his own brand is set to provide a double boost for LVMH Moet Hennessy Louis Vuitton SA, the owner of both luxury fashion labels.
European stocks gained for an eighth day as companies from Royal Philips NV to Akzo Nobel AG reported profit that beat estimates and investors speculated the Federal Reserve may maintain stimulus measures into next year.