Despite Amazon's annual growth, its massive customer base and the forecast that it will become the largest clothing seller in the United States next year, luxury brands are still wary of the platform.
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Luxury concern LVMH acquired Rimowa, suitcase manufacturer, for 640 million euro. It is also the very first German company in LVMH's portfolio.
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G-III Apparel Group acquired fashion company Donna Karan, previously owned by luxury group LVMH. Now, it will become the property of a company which owns the licenses to brands like Calvin Klein and Tommy Hilfiger.
Marco Gobbetti will become British luxury group Burberry's CEO next year, succeeding Christopher Bailey, who will turn his attention to the creative aspect once more.
French luxury company LVMH's first quarter performance did not meet analysts' expectations. Its disappointing results in major markets like France and Hong Kong were to blame, the company said.
French luxury concern LVMH has managed a record turnover in 2015, thanks to its better performance in both Europe, the United States and Japan. Other Asian countries proved more difficult.