Latest news with #AngelinaRascouet
Business of Fashion
16-05-2025
- Business
- Business of Fashion
Christian Dior Couture Client Data Breached in Cyber Attack
Christian Dior Couture has been hit by a cyber attack, with hackers obtaining some of its customers' data. LVMH's second biggest fashion label said it recently discovered that an 'unauthorised external party' accessed some of its customers' data but no financial information, including bank or credit card details, was disclosed in the breach. Dior says it's still investigating the incident with the help of cyber security experts after notifying the relevant regulatory authorities. 'We are in the process of informing customers where necessary,' the label added in an e-mailed statement Thursday. Le Monde newspaper reported the cyber attack took place in January and that customers in Asia were informed of the database breach earlier this week. A representative for Dior didn't reply when asked to confirm these details. By Angelina Rascouet Learn more: Harrods is Latest British Retailer to Be Hit by Cyber Attack Following incidents at Marks & Spencer and the Co-op group, Harrods says hackers attempted to break into their systems on Thursday.
Bloomberg
19-02-2025
- Business
- Bloomberg
Hermes in ‘League of Their Own' as Family Gets $5 Billion Payout
By and Angelina Rascouet Save The French family behind Hermes International SCA is on track to pocket more than $5 billion in dividends for a series of four record-breaking years, when the maker of pricey leather handbags and silk scarves rode an industry boom and is now defying a slump. Some 100 heirs to the luxury fortune, who control just over two thirds of Hermes shares, have benefited from rapidly rising payouts including this year's biggest ever. The company reported a jump in fourth-quarter revenue while rivals LVMH Moët Hennessy Louis Vuitton SE and Gucci-owner Kering SA recorded declines.
Bloomberg
13-02-2025
- Business
- Bloomberg
Cognac Blocked From Duty-Free Channels in China in Tariff Battle
By and Angelina Rascouet Save Cognac producers are being blocked from distributing the French brandy through duty-free channels in China, in an apparent escalation of the tariff battle between Beijing and the European Union. The three biggest Cognac makers — Pernod Ricard SA, Remy Cointreau SA and LVMH 's Hennessy — have been unable to restock duty-free travel hubs across China since early December, according to people familiar with the matter. The Chinese customs' online platform through which duty-free outlets usually clear goods no longer allows Cognac to be processed, leaving stock sitting in bonded warehouses in the mainland, the people said, declining to be identified since the information is not public.
