LVMH suffers third quarter slowdown

The performance, dented by weaker demand for its fashion, leather goods, watches and jewellery, compared with revenue growth of 8 percent in the second quarter and 12 percent in the first.


China Now Pernod Ricard’s Second Largest Market Worldwide

Though demand for fine wine, whisky, vodka and even craft beer continues to climb among China’s expanding middle class, cognac remains the preferred tipple for many of the country’s wealthier, typically older and male, drinkers.


Richemont to acquire US luxury apparel business

The transaction is expected to close in October 2012 and will have no material impact on Richemont’s consolidated net assets or operating result for the year ending March 31, 2013.