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

LVMH takes Gucci battle to court

THE STRUGGLE for control of Gucci, the Italian luxury goods group, is set to move to the courtroom today with French rival Moet Hennessy Louis Vuitton (LVMH) determined to use all means to pursue its pounds 3.1bn hostile bid.

LVMH trumps Pinault in battle for future of Gucci

THE BATTLE for control of Gucci took a dramatic turn yesterday when the Italian fashion house announced plans to sell a 40 per cent shareholding to Francois Pinault, the billionaire French businessman, in an attempt to fight off LVMH, the luxury goods group controlled by Bernard Arnault.

Outlook: Gucci/Pinault

BERNARD ARNAULT makes a strange convert to the game of cricket, but all of a sudden he's decided to play the game and make a proper offer to Gucci shareholders. For the best part of the past year, the urbane boss of LVMH, the champagne-to-suitcases group, has been trying to get his hands on Gucci by building a stake in the Italian fashion house and pressing for seats on its board. In Anglo Saxon markets this is regarded as trying to obtain control without having to pay for it, and it is just not done. Last night, Mr Arnault did what he should have done months ago and announced his intention to launch a full takeover bid for Gucci.

Gucci's rock chic hopes to roll LVHM

THE ITALIAN contingent put on a united front at the Gucci Show in Milan last night. The designer Donatella Versace and her brother, Santo, made a rare appearance in the front row, beside Domenico De Sole, Gucci's much-beleaguered chief executive officer.

LVMH hit by Gucci `poison pill'

THE BATTLE of the luxury goods giants reached a new intensity yesterday when Gucci, the Italian fashion house, moved to block an attempt by minority shareholder LVMH to gain control.

Racing: Danoli returns to linger in limelight

TWO YEARS ago, the chance to see Danoli run at a racecourse in Ireland would put thousands on to the attendance. Back in 1994, he put a hundred times as much into punters' pockets when he won the Sun Alliance Novices' Hurdle. He opened fetes and received bagfuls of fan mail, like Desert Orchid and Red Rum rolled into a single, brave little Irish package, until the leg injury which almost killed him seemed to stop the bandwagon in its tracks.

Fashion: Bits and bobs

EVA SO USEFUL

Racing: Punters' Guide; The Toiseach gets vote of confidence

The former top jump jockey Steve Smith Eccles analyses today's Great Yorkshire Chase

Enter the back-to-front jacket as Galliano adds touch of surrealism

JOHN GALLIANO was in surrealistic mood at his haute couture show for Christian Dior in Paris yesterday. There were jewel-encrusted fastenings shaped like oversized eyes with clock faces for irises, suits with jackets worn back-to-front and even a Magritte painting lookalike escorting a model to her pedestal centre stage.

Arnault quits Diageo board

THE ANNOUNCEMENT yesterday by Bernard Arnault, chairman of Moet Hennessy Louis Vuitton (LVMH), that he was resigning from the board of Diageo prompted a flurry of speculation that the French luxury goods group would now cut its 11 per cent stake in the British food and drinks giant.

Market Report: Fun and games mark the end of '98

TRADING MAY have been thin but the stock market indulged in some unusual fun and games in a final, mad 30 minutes on the last trading day of the year.

Hot gossip fails to warm up shares

Market Report

Racing: Reveley Free-for-all

MARY REVELEY's runners continued in brilliant form yesterday. A Catterick double with Jessica One and Free took her score to seven winners in three days.

Racing: Bradley's Fine Thyne

THE TOP WEIGHT, Senor El Betrutti will miss the Hennessy Gold Cup at Newbury on Saturday and will instead run in the Jacky Upton Handicap Chase at the course the previous afternoon. Susan Nock, the grey's trainer, said yesterday: "We worked Senor El Betrutti yesterday and schooled him today. He is in very good form and going like a bomb.''

Racing: Yavana's Pace hurdle plans scrapped

Plans to send Yavana's Pace, the November Handicap winner, over hurdles this winter have been scrapped. Despite being quoted in some betting lists for the Champion Hurdle, owner John Kearney says the six-year-old will not now go jumping.
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Day In a Page

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Independent Travel
Pompeii, Capri & the Bay of Naples
Seven Cities of Italy
Burgundy, the River Rhone & Provence
Prague, Budapest and Vienna
Lake Garda
Minoan Crete and Santorini
Prices correct as of 15 May 2015
Abuse - and the hell that came afterwards

Abuse - and the hell that follows

James Rhodes on the extraordinary legal battle to publish his memoir
Why we need a 'tranquility map' of England, according to campaigners

It's oh so quiet!

The case for a 'tranquility map' of England
'Timeless fashion': It may be a paradox, but the industry loves it

'Timeless fashion'

It may be a paradox, but the industry loves it
If the West needs a bridge to the 'moderates' inside Isis, maybe we could have done with Osama bin Laden staying alive after all

Could have done with Osama bin Laden staying alive?

Robert Fisk on the Fountainheads of World Evil in 2011 - and 2015
New exhibition celebrates the evolution of swimwear

Evolution of swimwear

From bathing dresses in the twenties to modern bikinis
Sun, sex and an anthropological study: One British academic's summer of hell in Magaluf

Sun, sex and an anthropological study

One academic’s summer of hell in Magaluf
From Shakespeare to Rising Damp... to Vicious

Frances de la Tour's 50-year triumph

'Rising Damp' brought De la Tour such recognition that she could be forgiven if she'd never been able to move on. But at 70, she continues to flourish - and to beguile
'That Whitsun, I was late getting away...'

Ian McMillan on the Whitsun Weddings

This weekend is Whitsun, and while the festival may no longer resonate, Larkin's best-loved poem, lives on - along with the train journey at the heart of it
Kathryn Williams explores the works and influences of Sylvia Plath in a new light

Songs from the bell jar

Kathryn Williams explores the works and influences of Sylvia Plath
How one man's day in high heels showed him that Cannes must change its 'no flats' policy

One man's day in high heels

...showed him that Cannes must change its 'flats' policy
Is a quiet crusade to reform executive pay bearing fruit?

Is a quiet crusade to reform executive pay bearing fruit?

Dominic Rossi of Fidelity says his pressure on business to control rewards is working. But why aren’t other fund managers helping?
The King David Hotel gives precious work to Palestinians - unless peace talks are on

King David Hotel: Palestinians not included

The King David is special to Jerusalem. Nick Kochan checked in and discovered it has some special arrangements, too
More people moving from Australia to New Zealand than in the other direction for first time in 24 years

End of the Aussie brain drain

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Meditation is touted as a cure for mental instability but can it actually be bad for you?

Can meditation be bad for you?

Researching a mass murder, Dr Miguel Farias discovered that, far from bringing inner peace, meditation can leave devotees in pieces
Eurovision 2015: Australians will be cheering on their first-ever entrant this Saturday

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