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Business 25 Dec 2005 | 12:00 AM

Private investment firm buys clothing company Tommy Hilfiger for $1.6b

Clothing company Tommy Hilfiger Corp. said Friday it agreed to be purchased by Apax Partners, a private investment company, for $1.6 billion (euro1.35 billion), or $16.80 a share, in cash.

Business 08 Oct 2014 | 12:00 AM

Watch company unveils year-end collection

FOSSIL is lighting up the day and night this upcoming holiday season with its Holiday 2014 Collection featuring a selection of watches and bags.

Corporate News 25 Jul 2016 | 10:45 AM

LVMH sells loss-making Donna Karan to G-III in $650m deal

PARIS: French luxury group LVMH is selling Donna Karan International, the parent of New York label DKNY, to U.S. clothing firm G-III Apparel Group in a deal valuing the loss-making fashion brand at $650 million.

Corporate News 17 Sep 2018 | 12:00 AM

Chanel picks London over New York and Paris as base for global team

LONDON: Chanel No. 5 and the little black dress are about to come with a British twist.

Business 21 Feb 2019 | 12:00 AM

Fendi leans on granddaughter after Karl Lagerfeld’s death

PARIS: Luxury giant LVMH won’t begin looking for an outside designer to succeed the late Karl Lagerfeld at fur-maker Fendi, leaving an executive who’s a member of the brand’s founding family to fill the role for the time being, according to people familiar with the matter.

Business 22 Apr 2019 | 12:00 AM

Why Gucci and Dior want to rebuild Notre-Dame

IF the fire at Notre-Dame cathedral had happened 20 or 50 years ago, France’s luxury fashion houses would surely have rushed to support its reconstruction as quickly as they did in 2019.