Marking the biggest sales dip in 11 months, US consumer spending cooled off in the first quarter, following the holiday season's strong showing. Year-over-year data, however, shows a healthy uptick of 5.4 percent.
L'Occitane en Provence and Pierre Hermé have joined forces for a new cooperative space in Paris. Located at 86 avenue des Champs-Elysées, the new location, which combines beauty and food, opens its doors December 8.
The New York Times Co plans to develop two or three new standalone digital products next year focused on lifestyle topics as part of its push to get more people to pay for its content beyond traditional news.
LVMH, the world’s biggest luxury goods company, has bought a majority 60 percent stake in Napa Valley’s Colgin Cellars vineyard, as part of the French group’s general strategy of acquiring highly-rated wine operations.