Travelling Chinese shoppers snapping up leather goods will drive sales growth in 2014 at luxury group Salvatore Ferragamo, its chief executive said on Sunday, before it showed a menswear collection aimed at promoting its Italian heritage.
Private equity group CVC Capital Partners has sold a 19.4 percent stake in Denmark's Matas for 1.18 billion Danish crowns ($216 million), the beauty retailer said on Friday.CVC paid 5.2 billion crowns for a 66 percent percent stake in Matas in 2007.
Shares in Italian luxury shoemaker Tod's were suspended from trading on Thursday after the stock fell 4.97 percent, a drop which a Milan-based trader attributed to a downgrade by investment bank Merrill Lynch.
Hong Kong-listed Chow Tai Fook Jewellery Group Ltd, the world's most valuable jewellery retailer, said on Tuesday its revenue grew 26 percent in the third quarter of fiscal 2014, driven by sales of both gold and gem-encrusted pieces.
Italian luxury fashion house Prada SpA has missed analyst estimates by posting a 8.6 percent rise in third-quarter profit, as solid performance in the Americas and Japan made up for slowing growth in Europe and Asia.
Luxury jacket maker Moncler's shareholders will raise around 784 million euros ($1.08 billion) in total from the biggest initial public offering in Italy since 2010 after an extra portion of shares was sold on Wednesday. Moncler sold shares on Dec.
Moncler shares jumped more than 40 percent on their first day of trading in Milan as investors scrambled to put their money into the maker of luxury down jackets, attracted by its strong revenue growth prospects.