Europe's top asset manager Amundi and other LVMH investors want the $370 billion luxury behemoth controlled by billionaire Bernard Arnault to take more aggressive steps to monitor its suppliers' treatment of workers. 

Louis Vuitton announced on Tuesday the appointment of Korean music superstar, Lisa, as its newest house ambassador.  

Property giant Hammerson has sold its stake in key luxury retail operator Value Retail, which owns Bicester Village among other locations. And the buyer is a unit formed by acquisitive LVMH-back L Catterton.

​Saudi Arabia’s Public Investment Fund has made an offer that would boost its stake in Selfridges to 50%, according to documents seen by Bloomberg News, after the UK department store’s co-owner fell into insolvency.

Burberry's new boss Joshua Schulman faces an immediate strategy dilemma. On Monday, the former head of Coach was appointed to replace Jonathan Akeroyd, becoming the fourth CEO of the British fashion house in 10 years.

The vice-president of marketing and communications for LVMH's jewellery brand will take up the position of deputy CEO from September 1. She is broadening her scope while retaining her current role.

​Frasers Group was in the news again on Thursday not because of which company it might or might not be buying (as is usually the case), but for the more mundane issue of its financial results.

Julien Tornare, currently the CEO of TAG Heuer, has been named CEO of Hublot.

Is Frasers lining up another surprise buy in luxury e-tail? Perhaps. It has reportedly approached the investment bank handling the sale of Richemont’s struggling e-business Yoox Net-A-Porter with a view to buying it.

Sales of Swiss-made luxury watches are in sharp retreat as nervous consumers reconsider splashing out on expensive timepieces and demand slumps in one of the industry’s key markets.

​Luxury giant Richemont’s Q1 results on Tuesday showed the fashion-to-fine jewellery brand owner with “resilient” sales. But while Alaïa prospered, Chloé and YNAP were less buoyant.

Swatch Group AG said sales and profit fell sharply amid a China-led slowdown for luxury watchmakers.

Bulgari announced on Thursday the appointment of actress Monica Barbaro as a brand ambassador of the luxury jewelry and watch house for North America. 

Prices for the most sought-after luxury watches slipped on the secondary market again last month, extending a two-year decline as investors turn elsewhere after a pandemic-era rally fizzled.

British fashion house Burberry Group Plc is expected to shed hundreds of jobs, mostly in the UK, following a sharp drop in its stock market value, the Telegraph reported.

Hip-hop musician Shawn 'Jay-Z' Carter has become the latest celebrity backer of the online watch market after taking an equity stake in luxury trading platform Wristcheck.