Luxury Daily’s live news from Aug. 8 – LVMH backs France’s bid for 2024 Olympic and Paralympic Games; Judge dismisses racketeering claims in Gucci’s Alibaba suit; Tom Ford taps Lalique to transform fragrance into objet d’art; Chinese review of Marriott-Starwood merger extended.
Racketeering claims in a lawsuit brought by Kering-owned brands including Gucci and Saint Laurent against Chinese marketplace Alibaba have been dismissed.
Today in luxury marketing – Dolce & Gabbana plans job cuts, sources say; Bottoms up on Hermès, LVMH and Kering performance; New York luxury-condo glut ends developer rush for land deals; Luxury car makers experiment with innovative retail strategies.
Italian fashion house Giorgio Armani is beginning to think of a future without its namesake founder.
British fashion house Burberry has filed a lawsuit against a rapper for the use of its intellectual property.
Italian menswear label Brioni is introducing its revamped image through a pop-up at Dover Street Market London.
France’s Hermès Group has taken a minority stake in Pierre Hardy’s eponymous fashion line, creating a closer bond with the designer of its jewelry and shoe collections.
Ecommerce giant Amazon’s counterfeit problem is only getting worse, as the company’s efforts to curtail fakes fall short.
