Burberry shares continued to fall Friday as investors were spooked about planned changes at the label and the money they will cost. But Belgian Billionaire Albert Frere took the opportunity to raise his stake.
Luxury goods group Richemont on Friday appointed Jérôme Lambert, currently head of operations, to the newly created role of chief operating officer responsible for the Swiss group's watch and fashion brands.
Richemont, the world's second-largest luxury group, said Friday it had enjoyed exceptional profit growth in the first half of its financial year as the firm moved on from a costly buyback of its high-end watches.
François-Henri Pinault, Karl Lagerfeld, Alber Elbaz, Michael Burke and Demna Gvasalia are just some of the big names expected to speak at the luxury conference organised by Vogue in Paris, held November 24 and 25.
Nicola Glass will join the handbag and accessories brand in early 2018, and will succeed Deborah Lloyd who is leaving the company. Glass currently serves as SVP of Accessories and Design at Michael Kors.