News

Kering ups its focus on leathergoods while Richemont veers away

23/10/2013

French luxury group Kering is ready to inject EUR 300 million into its La Redoute mail order business to prompt a sale, to let it concentrate on its luxury and leathergoods brands. Conversely, Switzerland’s Richemont is looking to inject up to about EUR 20 million into loss-making French leathergoods maker Lancel to entice buyers, reported...

To continue reading this story, please sign in or register.

Related stories:

Richemont sells Chinese fashion brand 03/07/2017
Richemont restructures management team 04/11/2016
Richemont predicts tough year after sales dip 20/05/2016
Lancel promotes tannery in marketing for new design 28/10/2014
Richemont backtracks on leather division sale 15/05/2014
Kering highlights tanning as it reports leathergoods sales of €3.5 billion 26/02/2014

Leatherbiz.com cannot be held responsible for content if the language setting is changed from English.

The translations provided by Google Translate are automated and therefore might not be accurate and may contain incorrect, offensive or misleading language. We offer this facility as a guide only.