Luxury group Richemont has reported sales of €10.98 billion for the year ended March 31, an increase of 8% year on year at constant exchange rates.

Luxury goods brands may block distributors from selling their products on e-commerce sites such as Amazon and eBay following a ruling by the European Court of Justice.

Luxury group Kering has appointed Grégory Boutté as to be its chief client and digital officer.

A new report from real estate company Savills has shown that Paris is the city with the highest number of luxury store openings so far in 2017, reports Leatherbiz.

Luxury group Richemont has confirmed the acquisition of leathergoods brand Serapian. It purchased a 100% stake in the Italian company in August.