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Christopher Bailey, Burberry’s new CEO

July 25, 2014 • Business

Burberry, famous British luxury brand, announced the arrival of its new chief executive officer. It is Christopher Bailey, already a part of the brand, who will take over this great responsibility. Christopher Bailey, CEO Burberry announced last autumn that a few changes in its management would be taking place, and that Christopher Bailey would be [&hellip...

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Le Méridien Etoile sold for 300 million euros

July 25, 2014 • Business

Le Méridien Etoile, prestigious four star hotel located Porte Maillot in Paris, changed hands. The transaction was worth 300 million euros. Record sale of Le Méridien Nestled in the centre of Paris in the 17th arrondissement, this Parisian luxury hotel is...

Baccarat hopes to have doubled its sales by 2018

July 25, 2014 • Business

Considering the results of the company, Baccarat’s CEO announced his desire to double its sales. To achieve this, three domains will be focused on.   Doubling sales Baccarat’s CEO, Daniela Ricardi, recently declared that she wanted to see the company...

270 million euros fine for Giorgio Armani

July 24, 2014 • Business

The Armani group paid the Italian tax authorities a hansome sum of 270 million euros to put an end to the Italian government’s investigation. The fashion brand is accused of having created a number of subsidiaries in foreign countries to reduce its taxes....

Burberry realises one of the best economic growths of the year

July 24, 2014 • Business

The British luxury ready-to-wear brand Burberry, renowned for its iconic beige trench coats, announced in January a 14% increase of its profits.   Burberry’s new record Whilst 2013 was a difficult year for many of the luxury sector, the economic...