All articles by Barney horner
Barney horner
Michael Kors’ Shares Plunge 15%
Michael Kors’ shares plunged by 15 percent today after the luxury fashion group missed Wall Street’s revenue estimates for the first time in almost two years.
Luxury Goods Giant Richemont UK Found Guilty of Racial Discrimination
The umbrella group for brands including Purdey, Dunhill and Cartier was found guilty of racial discrimination at an employment tribunal in London this week. It is reported that the company hired private detectives to spy on one of its employees after she complained of racial discrimination.
Canada Goose Holdings Acquires Hamilton’s Baffin Inc
Canadian winter clothing manufacturers Canada Goose have purchased outdoor and industrial footwear manufacturer Baffin for £25 million.
Clayton and Sons Bought Out of Administration
British Chesterfield-based leather maker Clayton and Sons has been bought out of administration by its former finance director.
China’s Struggling Shopping Strength Shapes Luxury Sales Slump
Middle-class consumer apprehension in China is growing, with money stuck in sinking stocks and property.
Leather Industry Key in Fight Against Poverty Says Nigerian Minister
Nigerian minister of science and technology has said newly approved leather policies will create jobs and give the country the tools needed to fight rising poverty levels.
Nigerian Manufacturers Bemoan Importation
Shoe makers in Nigeria have urged the government to bring a stop to the importation of second-hand shoes, as it is detrimental to the local footwear industry.
Balenciaga Being Sued Over Leather Keychain Car Air Freshener
Car-Freshener Corporation and Julius Samann Ltd have taken Balenciaga to federal court in New York accusing the luxury Spanish fashion house of copying its trademarked Little Trees car air fresheners.
International Luxury Group Kering to Buy Back 1% of its Shares
The international luxury group based in Paris and famous owning luxury goods brands such as Balenciaga, Alexander McQueen and Gucci, has announced it plans to buy back up to 1% of its share capital over the next year.
Industrial Production in Tunisia Down in First 9 Months
Tunisian industrial production has fallen 0.5% in the first 9 months of the year, compared with last year, according to their National Institute of Statistics.