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Corporate News 01 Aug 2019 | 7:00 AM Premium

Ray-Ban maker agrees to buy GrandVision for US$8bil

MILAN: EssilorLuxottica SA agreed to buy GrandVision NV in a deal that values the smaller Dutch eyecare retailer at as much as 7.3 billion euros (US$8.1bil) and brings the Ray-Ban sunglasses brand and Vision Express prescription centres under the same roof.

Business 26 Jul 2019 | 4:41 AM Premium

Armani sales fall again as founder pushes to restructure brand

PARIS: Giorgio Armani SpA’s sales fell for a third year as its founder and owner worked to streamline his fashion empire.

Business 18 Apr 2019 | 12:00 AM Premium

L’Oreal’s Asian sales overtake Europe for first time

PARIS: Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.

Business 31 Aug 2018 | 12:00 AM Premium

Changing tastes whipsaw fashion fortunes

LONDON: Bernard Arnault and Amancio Ortega are both major shareholders of multinational fashion businesses, and the only European citizens today with more than US$50bil to their names.

SMEBiz 18 Jun 2018 | 12:00 AM Premium

South-East Europe clothing factories target luxury brands

Faster fashion cycles give a boost to Balkan region manufacturers