PARIS – French luxury products group LVMH and Internet search engine Google have agreed to work together to fight the sale of counterfeit goods online, the two firms said on Thursday. The agreement ends nearly 10 years of litigation over complaints by …
The agreement ends nearly 10 years of litigation over complaints by LVMH — owner of top luxury labels in everything from champagne to luggage — that the Google Adwords key words service helped counterfeiters sell their products on the back of LVMH …
BMW, the biggest spender among the three luxury brands on a per-vehicle basis, boosted incentives by 45 percent from a year earlier, according to researcher Autodata Corp. Promotional spending surged 30 percent at Mercedes and 71 percent at Audi, …
The high-end luxury vehicle brands Porsche and Bentley form the most profitable division for Volkswagen AG. While adjusted EBITDA margins for the overall company stood at 14% in 2013, according to our estimates, margins for the Porsche, Bentley …
Macy's M is in the midst of a multi-year, $400 million overhaul of its flagship, which includes boutiques for luxury brands such as Louis Vuitton and Longchamp. And Bergdorf Goodman is about to undertake a five-year renovation. While New York has …
Luxury brands are yet to tap the potential of online markets in some emerging countries. For example, in 2013 only a tiny percent of top luxury brands mentioned Middle East as their market on their website or translated the site to a language of the …
Norwegian says the rationale to acquire Prestige includes the diversification of its cruise market segments by adding upper premium and luxury brands, enhanced financial metrics, opportunities for synergies, greater operational leverage, the expansion …
LVMH, Hermes call truce in battle for luxury brands. The agreement ends for five years at least any ambition by LVMH to embrace Hermes, known for silk scarves and high-fashion handbags. AFP; Published: 17:37 September 3, 2014; Gulf News. Paris: A …
“The acquisition of Prestige represents an extraordinary opportunity for Norwegian Cruise Line to expand our market presence by adding two established, award-winning brands in the upscale cruise segment with loyal followings,” Norwegian Cruise CEO …