Mark Wiseman, the chief executive officer of Canada Pension Plan Investment Board, walked into the high-end New York department store Bergdorf Goodman in the mid-1990s looking for a suit. He left empty-handed.
Moncler’s $1,220 quilted polyester jackets have been a hit with wealthy skiers for decades. Whether the luxury clothier can prove as popular with investors this week may depend on attracting more non-Alpine customers.
Prada SpA, the Italian seller of the namesake luxury bags, rose the most in more than a month in Hong Kong trading after signing a licensing deal for Coty Inc. to create and distribute perfumes under the Miu Miu brand.
Hugo Boss AG, the German luxury clothing-maker, reported earnings that missed analysts estimates as a difficult market environment in China and a weakening wholesale business offset higher retail sales.
Chinese globetrotters seeking some Western pizazz for their wardrobes in the chic boutiques of Place Vendome in Paris or London’s Mayfair are increasingly likely to end up pondering altogether more familiar garb.
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.