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SWITZERLAND: Richemont Says Q3 Sales In Line | 29 Jan 03

Swiss luxury goods giant Richemont AG on Wednesday posted a slight fall in third quarter sales amid a weak performance in Germany.

GERMANY: Hugo Boss Cuts 2002 Outlook | 27 May 02

Leading German fashion firm Hugo Boss on Monday slashed its earnings forecast for fiscal 2002 amid inventory discrepancies in the US and that country's weak economy. The Metzingen-based company said in a news release it now sees net income of 95 million euros ($87m) for 2002 on a slight rise in sales compared to its net income for 2002 of 107 million euros.

USA: Axe Falls On Johnnie Walker Apparel Line | 10 Oct 01

The London-based owners of the Johnnie Walker apparel business are to discontinue the line, but its US distributor is looking to replace it with a new label called Sulka.

FRANCE: Façonnable Names President | 22 Mar 01

Façonnable has appointed Pierre Guérin, 48, president. He will assume duties this week. Guérin will be responsible for overseeing all of the brand’s European operations, and will report to Gail Cottle, president of Nordstrom Product Group. Nordstrom, Inc is the parent company of Nice-based Façonnable.

UK: Paul Smith Denies LVMH Rumours | 5 Jan 01

Recently knighted British designer, Paul Smith, has scoffed at rumours that luxury Italian fashion empire LVMH has bought a 20 per cent stake in his fashion house. The designer said he was "thrilled" to read reports that the Italian giant had paid £31 million for a fifth of his empire, but there was no truth in them.

UK: LVMH Bid For Paul Smith | 2 Jan 01

Luxury Products group LVMH are rumoured to have bid £30m ($44.8m) for British fashion house Paul Smith. According to The Daily Telegraph, Paul Smith has been in negotiations with Gucci and Richemont with a view to selling an interest in the firm. It is believed that the LVMH group will continue to purchase smaller companies with global prospects.

Crombie's travelling tailors | 12 Sep 00

The British clothing industry is suffering from overseas competition, crippling exchange rates and poor high street sales. In an attempt to cope with hard times and carve out a new market for itself, the Crombie company has taken to the streets with its travelling tailors.

Netherlands: Gucci Group Acquires Boucheron, Increases Direct Control Over Existing Brands | 24 May 00

Gucci Group to acquire Boucheron International S.A. Gucci Group announces creation of joint venture with FJ Benjamin Holdings Ltd in Asia. Yves Saint Laurent Couture acquires license rights of Cartier International and Schwartz & Benjamin. Gucci Group N.V. (NYSE and Amsterdam: GUC) announces today a series of acquisitions and alliances designed to press forward the Group's multi-brand strategy and extend its direct control over the brands in its portfolio.



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