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.
Fnac, the French DVD, books and video-games chain, is seen falling after being spun off this week from PPR SA as investors who hold PPR for luxury brands such as Gucci sell stock in the retailer.
Chinese tourists traveling to Europe to take advantage of savings as much as 50 percent on designer clothes and accessories are finding fewer bargains.
"LVMH is marginally better positioned for a large takeover."
- Luca Solca on Jan 15, 2015