Bernard Arnault’s luxury LVMH is set to buy Tiffany & Co for $16.7bn, after the US jeweller negotiated to raise the offer by $600m to clinch an agreement. Europe’s richest man and his group can restore Tiffany to its former glory as one of the top brands in global luxury. The boards of both companies…
The world’s youngest self-made billionaire Kylie Jenner is selling 51 per cent of Kylie Cosmetics to US makeup group and fragrance giant Coty for $600m. The youngest of the five Kardashian-Jenner sisters, Jenner will still be the face of the brand and involved in creating new products. Kylie Jenner started the company in 2015 as…
Tiffany is expected to rebuff an unsolicited $14.5bn takeover approach from Bernard Arnault’s French luxury group LVMH. Tiffany’s adviser were yesterday still examining the surprise indicative offer from LVMH, the world’s largest luxury group by sales. The all-cash offer came earlier this month which pitches Tiffany shares at $120 per share at that time. Shares…
A streamlined Hennes & Maurtiz store, decluttered in Karlaplan, affluent district of Stockholm, started crucial experiment which could turn the fortunes of the Swedish purveyor of cheap chic. H&M struggled for profitability in the wake of tough competition from Zara, owned by Spain’s Inditex, whose fashion were sharper. Menswear has been ditched so the selection…
Re Reality star Kim Kardashian West’s Kimono underwear offends Japanese Kim Kardashian West has angered Japanese with the launch of her new shapewear bran Kimono Intimates. Kim said the label, launched on Tuesday, is inclusive and “celebrates and enhances the shape and curves of women.” Japanese people on social media have said the trademarked brand…
According to Forbes’ annual Rich List, Rihanna is the richest female musician in the world with an estimated fortune of $600, ( £471m) with the majority of that coming from her Fenty Beauty range. She’s overtaken Madonna and Beyonce, who previously topped the list. The 31- year-old has been putting her efforts into her beauty,…
Rihanna, one of the best-selling music artist worldwide, has teamed up with LVMH to create luxury clothing and footwear brand, making the largest luxury group by revenues. Luxury brands like Christian Dior, Dom Perignon Champagne and Sephora owner said the new brand of ready-to-wear shoes and accessories would be named Fenty ready for spring…
Seventh century’s traditional and famous Murano glass from the Venetian island is world beater located off the shore of Venice, Italy, the lagoon city’s historic and artistic glass factory connecting the historic buildings. Italian artisans are keen to avoid mass-produced generic but produce premium handmade, painstakingly rendered, authentic to get a sense of real…
Men with beards harbour more germs in their whiskers than dogs carry on their fur according to Professor Andreas Gutzeit of Switzerland’s Hirslanden Clinic. In the study scientist wanted to discover if there was a risk that humans might pick up a dog-borne disease from an MRI scanner that was alsao used for examinations by…