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The New York Post: CEO of French luxury-goods group pledges $110 million to help rebuild Notre Dame

François-Henri Pinault, who is married to actress Salma Hayek, said in a statement that he plans to pay through his family’s investment firm, Artemis, for any work that needs to be done following Monday’s catastrophic fire, according to AFP......»»

Category: topSource: marketwatchApr 16th, 2019

Luxury group Kering launches bonds that can be changed for Puma shares

French luxury goods group Kering said it was launching an offer of bonds that could be exchanged for shares in Puma , in which Kering already holds a 15.7% equity stake, to the tune of 500 million euros ($549.8 million)......»»

Category: topSource: reutersSep 25th, 2019

France to rebuild the Notre Dame Cathedral

French president Emmanual Macron has said he wants the Notre Dame Cathedral to be rebuilt within five years, according to the Washington Post......»»

Category: topSource: moneycentralApr 18th, 2019

Two French billionaires donate $339 million to Notre Dame restoration

The billionaires behind many of France's top luxury brands have pledged €300 million ($339 million) to help reconstruct Paris' Notre Dame cathedral following a devastating fire......»»

Category: topSource: moneycentralApr 16th, 2019

French Billionaires Pledge Nearly $350 Million To Rebuild Notre Dame

In what some might ascribe to a holy week miracle, the interior of Not.....»»

Category: blogSource: zerohedgeApr 16th, 2019

Rival French Billionaires Pledge Nearly $600 Million to Rebuild Notre Dame Cathedral

The famil.....»»

Category: europeSource: fortuneApr 16th, 2019

French billionaire Bernard Arnault and his group LVMH pledge 200 million euros for Notre Dame"s reconstruction

French billionaire Bernard Arnault and his group LVMH pledge 200 million euros for Notre Dame's reconstruction......»»

Category: topSource: foxnewsApr 16th, 2019

The New York Post: French populace encouraged to eat more cheese to help industry survive coronavirus pandemic

Sales of certain cheeses have dropped as much as 60% since cheese makers can no longer sell to restaurants and open-air markets were forced to close, according to a French dairy industry trade group......»»

Category: topSource: marketwatchMay 11th, 2020

Kering luxury goods billionaire Pinault agrees to pay cut

François-Henri Pinault, the French billionaire chairman and CEO of luxury goods group Kering , has agreed to a pay cut in the latest example of top executives accepting lower salaries as a gesture of solidarity during the coronavirus crisis......»»

Category: topSource: reutersApr 10th, 2020

LVMH orders 40 million masks from China for France

LVMH , the world's biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help France cope with the coronavirus outbreak......»»

Category: topSource: reutersMar 21st, 2020

The New York Post: Meghan Markle is hunting for luxury real estate in Canada’s billionaire’s row

Meghan Markle is house-hunting in one of Canada’s most exclusive enclaves, eyeing a $27 million waterfront property in Vancouver, in yet another sign that she and Prince Harry are planning a permanent move away from Britain’s royals......»»

Category: topSource: marketwatchJan 18th, 2020

Breakfast with Tiffany’s: LVMH Makes Deal for $16.2 Billion

Paris-based luxury goods giant LVMH and Tiffany have agreed to the French company's acquisition of the New York-based jewelry icon for $135 a share......»»

Category: blogSource: 247wallstNov 25th, 2019

LVMH swoop on Tiffany will boost operating profits: Chairman

Acquiring Tiffany will lift LVMH's operating profits by 500 million to 600 million euros ($661.32 million) in the first 12 months, the luxury goods group's Chairman and Chief Executive Bernard Arnault said on Monday......»»

Category: topSource: reutersNov 25th, 2019

LVMH agrees $16.2 billion deal for jeweler Tiffany

French luxury goods group LVMH said on Monday it has reached a definitive agreement to buy U.S. jewellery chain Tiffany & Co for $135 per share in an all-cash offer, in a $16.2 billion deal......»»

Category: topSource: moneycentralNov 25th, 2019

LVMH agrees $16.2 billion deal for jeweler Tiffany

French luxury goods group LVMH said on Monday it has reached a definitive agreement to buy U.S. jewellery chain Tiffany & Co for $135 per share in an all-cash offer, in a $16.2 billion deal......»»

Category: topSource: moneycentralNov 25th, 2019

Kering shares surge on double-digit sales growth at Gucci

Shares of Kering surged over 8% on Friday, on track for the strongest one-day percentage gain for the company in two years, as the French luxury goods group reported 11.6% comparable-sales growth in the third quarter. The company said the.....»»

Category: topSource: marketwatchOct 25th, 2019

Israeli fashion mogul submits bid for Barneys, challenging Authentic Brands

Israeli businessman Samuel Ben-Avraham said on Wednesday he has submitted an offer for Barneys New York Inc, challenging a $271 million bid for the bankrupt luxury department store from brand developer Authentic Brands Group LLC......»»

Category: topSource: reutersOct 23rd, 2019

Christian Dior becomes latest western company to apologize to China

French luxury goods group Christan Dior became the latest western company to apologize to China, over using a map that didn’t include Taiwan as part of the second-largest economy......»»

Category: topSource: marketwatchOct 17th, 2019

Barneys enters deal to sell assets to Authentic Brands, B. Riley for $271 million cash

U.S. luxury department-store chain Barneys New York Inc has reached an agreement to sell its assets to brand developer Authentic Brands Group and investment bank B. Riley Financial Inc , according to a filing on Wednesday......»»

Category: topSource: reutersOct 17th, 2019

Luxury group Kering trims Puma stake with 500 million euro bond

French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the German sportswear brand......»»

Category: topSource: reutersSep 25th, 2019

LVMH pairs with Stella McCartney, igniting fashion rivalries

French luxury goods group LVMH on Monday announced a tie-up with Stella McCartney, just months after the British designer known for her animal-friendly ethics ended a long-term partnership the conglomerate's arch-rival Kering ......»»

Category: topSource: reutersJul 15th, 2019