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June 29, 2018

Chanel reveals $10 billion turnover, Wang family buy German auto parts maker, and British chocolate legend dies

Chanel reveals $10 billion turnover

Chanel has broken a century of silence over its financial results, revealing it brought in $9.6 billion in 2017.

The company, owned by the Wertheimer family, has long been suspected to rule the luxury brands, and its first results release confirmed this. Its nearest competitor, Gucci, turned over $7.2 billion in 2017.

June 28, 2018

Food and hospitality is “the next business frontier” for Europe’s luxury fashion families, with Bulgari descendant and investor Francesco Trapani the latest to help himself to a side of Italy’s food industry.

Food and hospitality is “the next business frontier” for Europe’s luxury fashion families, with Bulgari descendant and investor Francesco Trapani the latest to help himself to a side of Italy’s food industry.

Trapani, who sold his family’s stake in jeweller Bulgari to LVMH in 2011 for €4.8 billion ($5.5 billion), has added Italian pizza chain Briscola and gelato maker Geloso to his portfolio, alongside the 5% stake he owns in Tiffany.

May 24, 2018

Luciano Benetton has overhauled the fashion empire he co-founded by forming a new corporate vehicle and appointing next generation family members to its board.

Luciano Benetton has overhauled the fashion empire he co-founded by forming a new corporate vehicle and appointing next generation family members to its board.

May 16, 2018

Ethan Koh is a fourth-generation descendant of the Singaporean family behind Heng Long Leather—a tannery for exotic skins which supplies some of the world’s top luxury brands. Koh founded Ethan K in 2009 as a maker of vibrant bespoke crocodile skin handbags, which proved popular with royals. He told Alexandra Newlove about capturing the millennial imagination, his most unusual bespoke requests, and his advice for the next generation looking to make their mark

Ethan Koh is a fourth-generation descendant of the Singaporean family behind Heng Long Leather—a tannery for exotic skins which supplies some of the world’s top luxury brands. Koh founded Ethan K in 2009 as a maker of vibrant bespoke crocodile skin handbags, which proved popular with royals. He told Alexandra Newlove about capturing the millennial imagination, his most unusual bespoke requests, and his advice for the next generation looking to make their mark

March 15, 2018

Fashion founders Hubert de Givenchy and Sonja Bata are being remembered by their families and foundations for their influence, elegance and philanthropy.

Fashion founders Hubert de Givenchy and Sonja Bata are being remembered by their families and foundations for their influence, elegance and philanthropy.

French couturier Givenchy, who designed for Audrey Hepburn, Grace Kelly, Ingrid Bergman and Jackie Kennedy, died in his sleep near Paris on 10 March at the age of 91.

July 27, 2017

Demand for meat drives Cargill profits, Armani reorganises as sales slip, and BMW to make e-Mini in UK

Demand for meat drives Cargill profits

Cargill, the US’s biggest private company, has made its largest profit in six years thanks to high consumer demand for meat.

The company’s protein business was the biggest contributor to its $3.04 billion adjusted earnings for the year ending 31 May, up 85% from $1.64 billion in the previous financial year. Net profit was $2.84 billion.

David MacLennan, chief executive, attributed the strong result to a two-year restructuring effort and favourable market.

July 6, 2017

Rothschild boast “record year”; Espresso House acquires Balzac Coffee; and Pinault family buy into luxury fashion house.

Rothschild boast “record year”

Advising the Arnault family on its €12 billion ($13.6 billion) Christian Dior acquisition was among the headline deals that led to a 15% jump in global merger and acquisition (M&A) revenue at sixth-generation Rothschild Group.

The significant rise in global M&A revenue to €875m, helped its global advisory unit achieve record performance for the second successive year and powered the 200-year-old family business to annual revenues of €1.77 billion – an 11% increase on 2016.

June 7, 2017

Lidl new catwalk for Heidi Klum; EasyJet founder pledges half his fortune; and Ralph Lauren appoints new chief executive

Lidl new catwalk for Heidi Klum

Model Heidi Klum has chosen the aisles of Lidl as her next catwalk, launching a fashion line in conjunction with the discount supermarket.

The range will be released in the chain’s 650 UK and 9000-plus European stores this autumn.

July 26, 2016

Tragedy led Dame Margaret Barbour into the family business – she joined the weatherproof garment company one month after the sudden death of her husband in 1968. In the five decades since, she has turned it into an international fashion label

Tragedy led Dame Margaret Barbour into the family business – she joined the weatherproof garment company one month after the sudden death of her husband in 1968. In the five decades since, she has turned it into an international fashion label – favoured by festival goers through to royalty. Her daughter, Helen, joins her at the helm.

 

 

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