24 Sèvres, an online platform set up by luxury group LVMH to sell fashion, beauty and luggage products for women, was officially launched on June 6.

Leathergoods brand Michael Kors suffered a 4.6% drop in sales during the 2016/17 financial year, prompting it to announce at least 100 store closures in the next two years.

The global personal luxury goods market is expected to grow by 2-4% in 2017, according to a report from specialist consultancy firm Bain & Company.

For the seventh year running, luxury group LVMH has taken part in Green Week, the European Commission’s annual environmental policy conference. The 2017 event (May 29-June 2) had as its theme, ‘Green jobs for a greener environment’.

A matte white crocodile-skin handbag has been sold for a record HK $2.94 million (US $380,000) at an auction in Hong Kong, reports Leatherbiz.