Online adds to the bottom line
SWITZERLAND: Richemont buys Net-a-Porter in GBP350m deal
Luxury goods group Richemont has agreed to buy online fashion portal Net-a-Porter in a deal which values the business at…
US: Luxury boost as Saks Inc narrows Q4 loss
Better gross margins and tighter cost controls have helped upmarket department store retailer Saks Incorporated narrow its fourth quarter losses,…