PARIS (Reuters) – French media conglomerate Vivendi (VIV.PA) and activist fund Amber Capital – the two biggest shareholders in French company Lagardere (LAGA.PA) – said they would go to court over Lagardere’s refusal to hold a special shareholders meeting. The... More »
LONDON (Reuters) – Brexit safeguards to stop asset managers in Britain running “shell” investment funds in the European Union to retain access to its markets should be hardwired into EU law, the bloc’s securities watchdog said on Wednesday. After Britain voted... More »
HONG KONG (Reuters) – Hong Kong’s retail sales in May slumped 32.8% from a year earlier, falling for the 16th consecutive month as the virus pandemic slammed the brakes on tourism and spending in the city. Months of anti-government protest have also weighed on... More »
ATHENS (Reuters) – Greece’s culture minister has hailed a U.S. court ruling over a disputed ancient horse figurine as a major victory that may help Athens and others fighting to reclaim antiquities. Lina Mendoni said Tuesday’s ruling by the 2nd U.S. Circuit Co... More »
TOKYO (Reuters) – Japan may lift its state of emergency in more regions this week as new coronavirus infections drop, the Asahi newspaper said on Tuesday, moving to resume sorely needed activity in the world’s third-largest economy, battered by containment mea... More »
MILAN (Reuters) – Luxury sports car maker Ferrari (RACE.MI) still expects to make more than $1 billion in core profit this year, providing a relative beacon of stability in an auto industry ravaged by the coronavirus crisis. The company, known for its red Form... More »
MILAN (Reuters) – Workers at Ferrari (RACE.MI) are signing up en masse for voluntary coronavirus screening so they can return to work as soon as possible in an ambitious scheme that could serve as a blueprint for manufacturers desperate to resume production. U... More »
PARIS (Reuters) – From leather bodices to sheer frilly dresses, Italian label Valentino showcased a series of all-black looks in Paris on Sunday as fashion houses pressed on with their shows in spite of the coronavirus outbreak that has kept some attendees awa... More »
MILAN (Reuters) – Raf Simons will join Prada as co-creative director, marking the first time the Italian fashion house has hired an outsider to work with renowned head designer Miuccia Prada. Belgian-born Simons, 52, will join Prada on April 2, the group said ... More »
LONDON (Reuters) – Victoria Beckham chose black dresses paired with distinctive belts and chunky thigh-high platform boots for a collection she characterized as a “gentle rebellion” at London Fashion Week on Sunday. The former Spice Girl pop star turned design... More »
(Reuters) – Italy’s Fashion Chamber (CNMI) announced on Thursday a collaboration with the British Fashion Council which will bring part of London’s Fashion week to Milan’s men’s fall-winter collections in January. On the day that UK citizens vote in an electio... More »
ATHENS (Reuters) – Clothes should be cherished, re-worn and even passed on to the next generation, Anna Wintour, the influential editor of Vogue magazine said, calling for more sustainability in the fashion world and less of a throwaway culture. In an intervie... More »
(Reuters) – LVMH (LVMH.PA) is close to buying U.S. jewelry chain Tiffany & Co (TIF.N) for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market. The ... More »
PARIS (Reuters) – Former pop-star Victoria Beckham knew she’d have to win over hard-to-impress fashion critics when she launched her first clothing line a decade ago, but the one-time Spice Girl said the industry was much harder to crack than she had ever imag... More »
HANGZHOU, China (Reuters) – Chinese retailer Alibaba Group Holding Ltd said on Monday that sales for its annual Singles’ Day shopping blitz crossed the $30 billion mark at 4:31 p.m. (0831 GMT), putting the event on track to set a record in its 11th year. The f... More »
BOSTON (Reuters) – It’s nice work if you can get it. The average annual compensation for non-executive directors at S&P 500 companies rose 2 percent to $304,856 last year, topping $300,000 for the first time and 43 percent higher than it was 10 years ago, acco... More »
(Reuters) – Louis Vuitton owner LVMH (LVMH.PA) has approached Tiffany & Co (TIF.N) with a $14.5 billion acquisition offer, people familiar with the matter said, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China.... More »
MILAN (Reuters) – Mediobanca’s third-biggest investor Leonardo Del Vecchio called for it to get bigger through acquisition on Friday, stepping up his questioning of the Italian merchant bank’s strategy. The 84-year-old billionaire bought a 7% stake in Medioban... More »
TOKYO (Reuters) – Japanese tennis player Naomi Osaka has laughed off comments by a Japanese comedy duo who said she was “too sunburned” and “needed some bleach”, turning the tables with a plug for Japanese cosmetic giant Shiseido that is one of her sponsors. T... More »
PARIS (Reuters) – French cosmetics maker L’Oreal hosted its annual runway show on Saturday featuring an all-star cast of movie stars, singers and supermodels who embodied self-empowerment on the sidelines of Paris Fashion Week. Celebrities including Britain’s ... More »
(Reuters) – Italy’s Tod’s appointed a former Google executive as chief digital and innovation officer to ramp up its ongoing digital transformation, the shoes and leather goods company said on Friday. Alessandra Domizi, previously the Industry Head – Fashion &... More »
LONDON (Reuters) – South African accountant Shaista Hamdulay never imagined she would one day mingle with fashionistas at London Fashion Week. Yet on Saturday, Hamdulay got a taste of a world usually reserved for fashion editors, buyers, bloggers and celebriti... More »
HANGZHOU, China/SEOUL (Reuters) – Apple Inc’s (AAPL.O) new, lower priced iPhone that comes with a faster processor but lacks 5G technology disappointed Asia, where cheaper and feature-packed handsets from rivals are already available. The iPhone 11, launched o... More »
NEW YORK/PARIS (Reuters) – Luxury brands and retailers are increasingly collaborating with celebrities, including style bloggers and Instagram stars, to help design collections and jazz up their wares. The latest example of this is Rihanna, who is set to stage... More »
NEW YORK (Reuters) – Move over Monet. Nike is hot on your heels. Sotheby’s in New York announced on Thursday its first-ever auction dedicated to sneakers, underlining their fast-growing status as collectibles able to command tens of thousands of dollars. Sothe... More »
(This June 28 story corrects Romaco’s nationality to German, not Italian, in paragraph 17) By Silvia Aloisi CITTÀ DI CASTELLO, Italy (Reuters) – Amazon’s new recruit comes from a medieval walled town in central Italy and can box and seal at least 600 items of ... More »
ROME (Reuters) – On a catwalk overlooking the Colosseum, Italian luxury label Fendi paid homage to Karl Lagerfeld late on Thursday with a fashion show of 54 new looks to mark the late designer’s 54-year tenure at the brand. The veteran designer joined Fendi in... More »
NEW YORK (Reuters) – A federal judge in New York rejected Sotheby’s bid to dismiss a $380 million lawsuit where Russian billionaire Dmitry Rybolovlev accused the auction house of helping his longtime art dealer’s scheme to overcharge him on dozens of masterwor... More »
NEW YORK (Reuters) – A U.S. judge on Friday rejected Greece’s effort to dismiss an unusual lawsuit in which Sotheby’s and the owners of an ancient Greek bronze horse sued the country, seeking court permission to put the statue on the auction block. U.S. Distri... More »
PARIS (Reuters) – Kim Jones played with time on Friday in his simultaneously classic and dystopian collaboration with Daniel Arsham, filling Christian Dior’s latest menswear collection with tonal, feminine-inspired pieces with a modern edge. The house’s Summer... More »
WASHINGTON (Reuters) – A wide range of U.S. companies told a hearing in Washington on Monday that they have few alternatives other than China for producing clothing, electronics and other consumer goods as the Trump administration prepares new tariffs on remai... More »
LONDON (Reuters) – Abstract paintings depicting the female form by Pablo Picasso and Fernand Leger are expected to fetch tens of millions of dollars at auction when they go under the hammer next week, according to Christie’s auction house. “Femme dans un faute... More »
NEW YORK (Reuters) – LVMH’s Sephora beauty chain said it will close all its U.S. stores, distribution centers and corporate offices on Wednesday to conduct diversity training for employees, a move that follows a racial incident involving a Grammy-nominated sin... More »
CANNES, France (Reuters) – Enormous bouffant dresses decked out in lace or feathers ruled the red carpet at this year’s Cannes film festival, one of the of the world’s most glamorous stages for actors as well as fashion designers. As well as oversized gowns, m... More »
NEW YORK (Reuters) – Pop superstar Lady Gaga made a grand entrance at New York’s annual Met Gala on Monday, wearing a voluminous bright pink dress that she shed on the red carpet to reveal three other outfits layered underneath, including a bra and underwear, ... More »
DUBAI (Reuters) – A $436 million superyacht belonging to a Russian billionaire at the center of one of the world’s costliest divorce battles has been released by a Dubai court after being impounded last year, but legal wrangling over the fate of the vessel con... More »
CAPE TOWN (Reuters) – Collectors from America and Europe are scouring Cape Town’s booming art scene in search of deals as diverse as an expressive oil painting by South Africa’s Irma Stern or a sculpture assembled from bottle caps by Ghana’s El Anatsui. Dozens... More »
PARIS (Reuters) – French fashion house Louis Vuitton has pulled Michael Jackson-themed items from its 2019 summer menswear collection following a documentary about alleged child abuse by the late pop star. The collection was shown in January at the Paris Fashi... More »
LOS ANGELES (Reuters) – Hollywood actress Lori Loughlin was dropped by a TV network and her daughter lost a sponsorship deal on Thursday, while students sued prestigious universities in growing fallout from a massive college bribery scandal. Crown Media Family... More »
ZURICH (Reuters) – The global art market experienced another uptick in 2018, helped by an increase in the spending power of millennials, a report published by UBS and Art Basel said on Friday. A survey of wealthy individuals conducted by UBS and art economist ... More »
LONDON (Reuters) – A computer-generated portrait of a face that will change and mutate forever is among the works that went on display in London on Friday ahead of a major art auction next week. While paintings by Lucian Freud, Andy Warhol, Jean Michel Basquia... More »
LONDON (Reuters) – European stocks slipped again on Friday, following their weakest day in six weeks, as downgrades to growth forecasts weighed and bleak numbers from Umicore, Skanska, and Rockwool outweighed a sales beat at L’Oreal. The pan-European STOXX 600... More »
LONDON (Reuters) – From Princess Margaret’s 21st birthday gown to Oscar winner Jennifer Lawrence’s red carpet dress, Christian Dior outfits that have made headlines go on show in a London exhibition dedicated to the French fashion house. With a supporting cast... More »
MILAN (Reuters) – European shares rose on Wednesday driven by the export-oriented autos and tech sectors as optimism grew that the United States and China could avoid a full-blown trade war that would further brake a slowing global economy. The pan-European ST... More »
LONDON (Reuters) – Apple’s first sales warning in nearly 12 years sent European shares sliding on Thursday, with the tech sector particularly badly bruised as chipmakers that supply the iPhone maker fell sharply. The pan-European STOXX 600 fell 0.9 percent as ... More »
BRUSSELS (Reuters) – European Union leaders arrive in Brussels for a second day of day of talks on Brexit, the euro zone, migration and Russia, among others. Below are some of their comments made on arrival. AUSTRIAN CHANCELLOR SEBASTIAN KURZ “I think it was g... More »
BRUSSELS (Reuters) – European Union leaders arrive in Brussels for two days of talks on Brexit, the euro zone, migration and Russia, among others. Below are some of their comments made on arrival. FRENCH PRESIDENT EMMANUEL MACRON “We can have a political discu... More »
MONACO (Reuters) – Preparations by the teams competing for the 36th America’s Cup in 2021 are well underway, although they are charting different courses in designing their radical new foiling monohulls. While American Magic and INEOS Team UK have both shown o... More »
PARIS (Reuters) – French President Emmanuel Macron will urge a visiting group of top Silicon Valley venture capitalists this week to invest in the nation’s start-ups while calling on them not to “steal” the best creations, four sources told Reuters. The discre... More »
SHANGHAI (Reuters) – Tesla Inc on Tuesday signed agreements with Shanghai authorities that will allow it to open a plant in the Chinese city with an annual capacity of 500,000 cars, local media reported. The U.S. carmaker signed agreements with the Shanghai mu... More »
BEIJING/SHANGHAI (Reuters) – U.S. carmaker Tesla Inc has hiked prices on its Model X and S cars by about 20 percent in China, the first automaker to do so in the world’s top automotive market in response to mounting trade tensions between the countries. The mo... More »
PARIS/NEW YORK (Reuters) – Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups. Sales... More »
PARIS (Reuters) – Models strutted past Parisian landmarks, including the green book stalls that line the river Seine, at Chanel’s fashion show on Tuesday, as the luxury label mocked up an entire cityscape to present its latest Haute Couture collection. The fas... More »
PARIS (Reuters) – Black and gold trouser suits and dreamy gowns laced with velvet or overflowing with feathers led the parade of evening wear glamor at Italian designer Giorgio Armani’s Haute Couture show in Paris on Tuesday. The 83-year-designer – whose creat... More »
BOSTON (Reuters) – For a year, billionaire hedge fund manager Daniel Loeb has watched quietly from afar as Nestle SA tries to energize its business. But his patience has worn thin and he has been telling associates and his own investors that time is now up for... More »
LONDON (Reuters) – A nude painting by Lucian Freud has sold for $29 million dollars at auction, the highest price paid for one of the British figurative artist’s works in London, according to auction house Sotheby’s. Freud, who died in 2011, painted “Portrait ... More »
LONDON (Reuters) – European shares made a modest bounce on Tuesday, recovering slightly after trade tensions sent stock markets into a spiral as investors shed risky assets. The pan-European STOXX 600 was up 0.3 percent by 0837 GMT, but was far from making up ... More »
PARIS (Reuters) – A giant sculpture made of pink and black flowers set the tone at Christian Dior’s catwalk show in Paris on Saturday as new menswear designer Kim Jones stamped his style on the storied French label with a display of floral-inspired, airy looks... More »
LONDON (Reuters) – A portrait of one of Picasso’s muses and a prized painting of a Paris train station by Claude Monet go under the hammer in London next week, leading a sale of impressionist and modern art works. Monet’s “Gare Saint-Lazare, Vue exterieure” is... More »
CHANTILLY, France (Reuters) – Christian Dior turned the runway into a Mexican-inspired rodeo on Friday at France’s sumptuous Chantilly chateau, unveiling its latest mid-season “cruise” collection alongside a horse-riding spectacular. Under driving rain, riders... More »
OSLO (Reuters) – Norway’s $1 trillion wealth fund voted against a motion at Shell’s annual meeting urging the energy giant to set climate targets, despite a push the fund is making for more firms to do so. Long-term investors with $10.4 trillion of assets unde... More »
NEW YORK (Reuters) – A nude portrait by Amedeo Modigliani sold for $157.2 million at Sotheby’s on Monday, achieving the 4th-highest price for any work of art at auction but failing to set a new record for the artist. Sotheby’s had estimated “Nu couché (sur le ... More »
DUBAI (Reuters) – A rare gold watch once owned by Egypt’s King Farouk is expected to fetch $400,000 to $800,000 when it auctions this week at Christie’s in Dubai. Made in 1944 and embossed with old Egyptian royal crest, the Patek Philippe 1518 with perpetual c... More »
A model presents a creation by German designer Karl Lagerfeld as part of his Autumn/Winter 2018-2019 women’s ready-to-wear collection show for fashion house Chanel at the Grand Palais during Paris Fashion Week, France March 6, 2018. REUTERS/Pascal Rossignol PA... More »
FILE PHOTO: The German share price index, DAX board, is seen at the stock exchange in Frankfurt, Germany, February 23, 2018. REUTERS/Staff/Remote LONDON (Reuters) – European shares traded higher on Monday morning with gains across bourses and sectors as focus ... More »
NEW DELHI (Reuters) – Punjab National Bank, India’s second-largest state-run lender, sought to soothe investors on Thursday after the discovery of a $1.77 billion scam at a single branch sent its shares plunging and raised fears about the scale of fraud in the... More »
A pigeon flies past the logo of Punjab National Bank outside a branch of the bank in New Delhi, India February 15, 2018. REUTERS/Adnan Abidi NEW DELHI (Reuters) – India’s federal police has sealed the Mumbai branch of Punjab National Bank (PNBK.NS) at the cent... More »
FILE PHOTO: Chanel logo is seen on the company’s store in Monte Carlo, Monaco, December 9, 2017. REUTERS/Eric Gaillard/File Photo PARIS (Reuters) – French couture house Chanel has taken a minority stake in London-based online retailer Farfetch, the companies s... More »
People stand in front of the logo of Punjab National Bank outside a branch of the bank in New Delhi, India February 15, 2018. REUTERS/Adnan Abidi NEW DELHI/MUMBAI (Reuters) – Indian investigators raided the offices of jewelry retailer Gitanjali on Friday in a ... More »
NEW DELHI (Reuters) – India’s fraud-hit Punjab National Bank (PNBK.NS) is considering monetizing its real estate assets, including a giant office space in New Delhi worth an estimated 50 billion rupees ($778.63 million), a bank source with direct knowledge of ... More »
An assistant holds a 102.34 carat white diamond at Sotheby’s auction house in London, Britain February 8, 2018. REUTERS/Hannah McKay LONDON (Reuters) – A flawless diamond, the size of a large strawberry, is expected to fetch a world record price when it comes ... More »
FILE PHOTO: Bernard Arnault (L), chairman and chief executive officer of LVMH Moet Hennessy-Louis Vuitton, speaks with Pierre Gode, LVMH Moet Hennessy-Louis Vuitton’s director, during the company’s annual shareholders meeting in Paris May 15, 2008. REUTERS/Cha... More »
FILE PHOTO: A collection of Bitcoin (virtual currency) tokens are displayed in this picture illustration taken December 8, 2017. REUTERS/Benoit Tessier/Illustration/File Photo LONDON (Reuters) – Bitcoin fell 9 percent on Friday, leaving the best-known cryptocu... More »
CAPE CANAVERAL, Fla. (Reuters) – A SpaceX Falcon 9 rocket blasted off from Florida on Wednesday carrying into orbit a Luxembourg-made communications satellite designed in part to expand NATO’s surveillance reach and its capability to deter cyber attacks on all... More »
A woman shops at a Macy’s department store in Roosevelt Field shopping mall in Garden City, New York, U.S., November 24, 2017. REUTERS/Shannon Stapleton NEW YORK (Reuters) – U.S. fund managers are betting that rising wages and the effects of the Republican-led... More »
FILE PHOTO – A man talks on his mobile phone in front of a Wal-Mart store in Sao Paulo, Brazil, February 16, 2016. REUTERS/Nacho Doce SAO PAULO (Reuters) – Wal-Mart Stores Inc is in talks with buyout firm Advent International Corp and other funds to sell a maj... More »
FILE PHOTO: Barry Rosenstein, managing partner of Jana Partners, speaks at a panel discussion at the SALT conference in Las Vegas May 14, 2014. SALT is produced by SkyBridge Capital, a global investment firm. REUTERS/Rick Wilking/File Photo BOSTON (Reuters) – ... More »
A giant poster advertising of the “The Assassination of Gianni Versace: American Crime Story” tv series is seen in downtown Milan, Italy January 10, 2018. REUTERS/Stefano Rellandini MILAN (Reuters) – When a long-awaited U.S. television series about the murder ... More »
FILE PHOTO: A logo is seen on the roof of the ArcelorMittal steelworks headquarters in Ostrava, Czech Republic, April 1, 2016. REUTERS/David W Cerny/File Photo ROME (Reuters) – Steelmaker ArcelorMittal has told commissioners running Italy’s Ilva plant that it ... More »
FILE PHOTO: A logo of Siemens is pictured on a building in Mexico City, Mexico, May 16, 2017. REUTERS/Edgard Garrido/File Photo FRANKFURT (Reuters) – Siemens said it has agreed to buy Luxembourg-based Fast Track Diagnostics to boost its molecular-testing offer... More »
FILE PHOTO – The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France on February 20, 2017. REUTERS/Pascal Rossignol/File Photo BRUSSELS (Reuters) – Luxembourg is challenging a European Union order to recover about 250 mill... More »
A BMW 740i is parked via a remote control key fob by company representative Paul Daman during a demonstration of various brands of self-driving cars on Capitol Hill in Washington March 15, 2016. REUTERS/Gary Cameron BERLIN (Reuters) – German luxury automaker B... More »
European Union flags flutter outside the EU Commission headquarters in Brussels, Belgium June 14, 2017. REUTERS/Francois Lenoir BRUSSELS (Reuters) – European Union finance ministers will decide on Tuesday on the composition of an EU blacklist of tax havens tha... More »
FILE PHOTO – Dutch Finance Minister and Eurogroup President Jeroen Dijsselbloem arrives at Eurozone finance ministers meeting in Brussels, Belgium July 10, 2017. REUTERS/Francois Lenoir/File Photo BRUSSELS (Reuters) – Finance ministers from Latvia, Luxembourg,... More »
SHANGHAI (Reuters) – Chinese stocks slipped further on Friday after the biggest selloff in months the previous day, with fresh government steps to reduce financial risks and a rout in the bond market sapping investors’ confidence. The blue-chip CSI300 Index .C... More »
A general view shows the aerial subway and the city rooftops in Paris February 24, 2015. REUTERS/Gonzalo Fuentes PARIS/LONDON (Reuters) – The surprise decision to move the European Banking Authority to Paris will boost its chances of attracting London banks af... More »
FILE PHOTO: A model poses with a 37.30 carat “The Raj Pink”, the world’s largest known fancy intense pink diamond, during a Sotheby’s preview in Geneva, Switzerland November 8, 2017. REUTERS/Denis Balibouse/File Photo GENEVA (Reuters) – A large pink diamond, r... More »
FILE PHOTO: Members of Christie’s staff pose for pictures next to Leonardo da Vinci’s “Salvator Mundi” painting which will be auctioned by Christie’s in New York in November, in London, Britain October 24, 2017. REUTERS/Peter Nicholls NEW YORK (Reuters) – Leon... More »
The European Central Bank should scrap plans for industry-wide rules to force banks to clean up bad loans, the head of the European Parliament's influential economic affairs committee said on Friday, as lawmakers dug in their heels in a dispute. More »
European Union lawmakers called on Friday for stricter EU supervision of Malta's application of the bloc's rules on money laundering and basic rights, stepping up pressure after the assassination of an investigative journalist on the island. More »
NATO buyer nations for the European A400M military transport plane have postponed a ministerial meeting on the troubled program for three months until February, said two sources familiar with the 20 billion euro project. More »
French Finance Minister Bruno Le Maire will meet German officials in Berlin this week to discuss the future of the euro zone and assess his own prospects of becoming the next chairman of the Eurogroup forum of finance ministers. More »
FILE PHOTO – French Finance Minister Bruno Le Maire attends a news conference about a report on French economy at the Bercy Finance ministry in Paris, France, September 14, 2017. REUTERS/Philippe Wojazer BERLIN/PARIS (Reuters) – French Finance Minister Bruno L... More »
Giorgio Armani's succession plans include a transfer of part of his high-end fashion empire to his charitable foundation in a bid to prevent any takeovers or a break-up of the group, the designer told a newspaper. More »
The European Central Bank is concerned about the use of virtual currencies because it is unclear who the issuer is and who guarantees them, ECB Executive Board member Yves Mersch said on Friday. More »
Italy's Gucci will stop using fur in its designs from next year, joining a growing number of fashion houses looking at alternatives after coming under pressure from animal rights activists and changing consumer tastes. More »
The last privately owned Leonardo da Vinci painting and one of fewer than 20 by the Renaissance artist known to still exist is hitting the auction block, Christie's announced on Tuesday. More »
Spanish Prime Minister Mariano Rajoy said in a newspaper interview that Spain would not be divided, a week after Catalonia held a referendum that authorities there say showed voters overwhelmingly support independence. More »
A nearly 900-year-old porcelain Song dynasty bowl smashed the world auction record for Chinese ceramics on Tuesday, selling for HK$294.3 million ($37.68 million) at a Sotheby's sale in Hong Kong. More »
The Champs Elysees avenue in Paris got a makeover on Sunday as a giant outdoor catwalk, as celebrities and models took to the runway in the first show of its kind by L'Oreal, the French cosmetics firm. More »
