Investment group Windsong Brands and the development office of Marvin Traub Associates have formed Falchi Holding, an entity that has taken over the rights for Carlos Falchi handbags, which could soon expand its domain beyond leather goods.
Luxury goods group Burberry is planning for trading to remain tough but expects cost-cutting to underpin earnings this year, it said on Tuesday 19 May as it met forecasts with a 12.5% fall in 2008/2009 profit.
More than 300 pieces created by the celebrated House of Faberge jewellery firm, including nine of its famous jewel encrusted eggs, go on display from Wednesday 20 May at Moscow's Pushkin Museum of Fine Arts.
A hedge fund firm with a stake in Saks Inc called for governance reforms, contending the struggling luxury retailer needs to adopt annual elections for all directors and become more responsive to investors.
China's hunger for jewellery is boosting demand for platinum at a time when the metal is being hit by the ailing auto sector, metals consultancy Johnson Matthey said in an annual report released Monday 18 May.
A flawless vivid blue diamond weighing 7.03 carats has been sold for a record 10.5 million Swiss francs (6.2 million pounds), the highest price paid per carat for any gemstone at auction, Sotheby's said.
Kenneth Cole Productions, Inc. have announced that Ingo Wilts will join the Company as Creative Director, effective August 1, 2009. Mr. Wilts was previously the Senior Vice President and Creative Director for Hugo Boss.