LVMH, Hermes call truce in battle for luxury brands
The agreement ends for five years at least any ambition by LVMH, with vast interests from champagne to luggage, to embrace Hermes, known for silk scarves and high-fashion handbags.
Vietnam, a promise land for luxury products
Despite economic slowdown and rising unsold inventories of locally made goods, many foreign firms still consider the Southeast Asian country a land of promise for their high-end products