Christian Dior have announced that they plan to open two new flagship stores in popular Italian holiday destinations, Venice and Florence. The French fashion house expects its Venice store to open by the end of the year, whilst the store in Florence is set to be unveiled in the Spring next year.

Posted by Joe Stearn

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The luxury French department store, Galeries Lafayette, has revamped its lingerie department in its quest to reorganise its flagship. The new 37,675-square-foot lingerie section features 50 brands, 10 of which are new to the store, including exclusive French company, Maidenform, Esprit and Agent Provocateur.

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The Intimissimi and Tenziens owner Calzedonia has opened negotiations with La Perla.

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The auctioneer is merging their real estate and fine wine segments to create a new service which aids clients in purchasing vineyards. The legendary auction house, which specialises in 80 different categories including, fine art, jewellery, photographs and collectibles, will form Vineyards by Christie’s International Real Estate in response to a growing demand from its customers.

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Stephane Linder is set to become the new chief executive of watch brand Tag Heuer, owners LVMH Moet Hennessy Louis Vuitton confirmed on Tuesday. Taking effect on 1 June, Linder will be replacing Jean-Christophe Babin, who stepped down earlier this year to take over Italian jewellery company Bulgari, after their former chief executive Michael Burke became the new boss of Louis Vuitton.

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Iconic fashion brand Hermès on Monday posted first quarter sales ahead of forecasts, as the label reported strong demand for its silks, accessories and ready-to-wear lines. Revenue came in at EUR 856.8 million for Hermès in the three months to 31 March, up 12.8 per cent at constant currencies and above and beyond analysts’ expectations of 11 per cent for the period.

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Mulberry continues European expansion with Berlin store launch
Located in Kurfürstendamm Street in Berlin, the new Mulberry boutique designed by British architects Universal Deisgn Studio, who has been carefully chosen to best reflect the concept of the British Heritage brand.

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Valentino is set to invest EUR 250 in the global expansion and marketing of the brand. The Italian luxury house got the green light from its board earlier this week, and is now set to invest a total EUR 250 million in a strategic expansion plan. Valentino, which saw its full-year profit end at EUR 32 million, is aiming at doubling its retail presence within the next 4 to 5 years.

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An investigating magistrate has been appointed to examine the conditions under which LVMH has been increasing its share in the historic French fashion brand Hermès. LVMH, a multinational goods conglomerate which owns more than 40 luxury brands including Fendi, Louis Vuitton, Dior and Moët et Chandon, is accused of building up its stake in Hermès in secret, and now holds a 22.6 per cent share in the iconic handbag and accessories brand.

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Net-A-Porter is set to launch a much-awaited beauty collection later this month as it looks to continue its stellar growth rate of 2012. The luxury fashion e-tailer on Friday announced it would make its first steps into the world of beauty retailing, launching its DEBUT edit of beauty brands online on 20 March.

Posted by Ava Szajna

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