News Louis Vuitton is finding that customers no longer buy handbags for the logo and is changing tack

Sales rebound in fourth quarter after a tough year for French luxury giant

Video Networks lines up deals for live sports coverage

VIDEO NETWORKS, which recently launched a video-on-demand service in north London, is to start showing live football and boxing as part of a move into sports programming.

Racing: Montjeu heads market

MONTJEU, the Prix de l'Arc de Triomphe winner, has been installed as the 11-8 favourite for Saturday's Japan Cup by Coral. Japan's Special Week, who finished second last year, is the 9-2 second favourite, with Mark Johnston's Fruits Of Love on 6-1. High-Rise, the 1998 Derby winner, who is yet to sparkle this season, is available at 8-1.

Racing: Suny kept in the dark

SIMON SHERWOOD will work Suny Bay at a secret location within the next 48 hours before deciding whether the grey will run in the Hennessy Gold Cup at Newbury a week tomorrow.

Racing: Bad work rules out Hennessy favourite

FOLLOWERS OF the Hennessy Gold Cup favourite, Stormyfairweather, who stayed behind after racing at Kempton last night to watch their hope limber up for Saturday week's Newbury feature, were able to warm themselves on a big bonfire of ante-post betting slips as darkness descended on the Sunbury course. Nicky Henderson's chaser, partnered by Mick Fitzgerald, trailed in about eight lengths behind his stablemates Bacchanal and Fiddling The Facts at the end of the two-mile work-out and will miss the Hennessy for which he had been 7-1 favourite.

Racing: Equiname in Murphy's

CALL EQUINAME, the Queen Mother Champion Chase winner, will carry top weight in the Murphy's Gold Cup Handicap Chase at Cheltenham a week on Saturday.

Luxuries group adds Pink to its growing portfolio

BRITISH TAILORED shirts became the latest addition to LVMH's portfolio of luxury goods yesterday when the company announced it had bought a majority stake in Thomas Pink, the leading shirt-maker and retailer.

LVMH to sell Diageo stake

LVMH to sell Diageo stake

Hermes backs WPP $100m executive bonus scheme

WPP GROUP'S plans for a US-style executive bonus scheme won a thumbs-up yesterday from Hermes Pensions Management, a fund manager known for its championship of shareholders' interests.

Couture champagne for millennium parties

Bubbly makers are bringing in fashion's leading lights to give their products a new look

Bulgari fuels talk of bid for Fendi

SPECULATION IS mounting that the Italian luxury goods group Bulgari, whose jewellery is worn by the likes of Catherine Zeta Jones and Lady Helen Taylor, is planning a takeover bid for rival firm Fendi, also Italian and famous for its miniature croissant handbags that are favoured by Naomi Campbell.

LVMH files actions

LVMH files actions

First free Net service in France

KINGFISHER, the Woolworths and B&Q retail group, is linking up with the French entrepreneur and LMVH chairman Bernard Arnault to offer the first free Internet access service in France.

Gucci presses LVMH to raise bid

THE ITALIAN designer house Gucci yesterday raised the pressure on LVMH, the French luxury brands giant, to increase its hostile $85 per share offer ahead of their courtroom meeting this week.

Battle for Gucci takes a legal turn

THE TITANIC struggle for control of Gucci, the Italian fashion house, last night appeared to be heading back to the courtroom after the board rejected a higher $8.3bn bid from LVMH, the French luxury goods group.

Arnault gets upper hand in Gucci battle

BERNARD ARNAULT, the billionaire French businessman, yesterday appeared to gain the upper hand over his bitter rival Francois Pinault in the battle for Gucci, the Italian designer group.
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