Dolce & Gabbana, the Chinese automobile market vs. Hermes and LVMH in luxury This Week

Stefano Gabbana and Domenico Dolce, founder and creative designer of the same name, has been convicted by the Italian courts for tax evasion. In 2004, the D & G line was sold to a holding company incorporated under Luxembourg law, a move that the prosecutor argued only done to avoid paying Italian taxes. chanel 2.55 classic flap bagThe court's decision is expected to be challenged, both sentenced in jail for 20 months. Alfonso Dolce, Cristiana Ruella and Giuseppe Minoni were each sentenced to 16 months. Meanwhile, their saga courtroom play, with the filing of the complaint against another later, the luxury group LVMH and Hermes continue. Demand Hermes' equity swaps, the LVMH to its original position to acquire 12 percent open cancel the threshold of disclosure requirements for companies allowed to Hermes with a series of complex financial instruments collections. To add filed a complaint against LVMH Hermes accused allegedly wielding a survey by the Financial Markets Authority, the LVMH fined $ 13.3 million are performed recommended. LVMH currently owns a 22.6 percent stake in Hermes, which is the second highest by an independent person leaves. Although LVMH said repeatedly increased its shares are friendly, Hermes very public about the opposite opinion. Meanwhile, General Motors says it wants to increase its share of the Chinese market for luxury cars to 10 percent in 2020. The company has tried to position new Cadillac as a luxury brand for some time, and it is reducing the appearance of cars to attract Chinese buyers. According to the head of GM exec Dan Akerson, the Chinese luxury car buyers will make up to 40 percent of total global passenger car market in 2020 luxury. Cadillac is attracting primarily with BMW, Mercedes and Audi in the competition to attract Chinese attention. Finally, Alexander McQueen developed consciousness and perhaps targeted to a younger audience with a new contract with Procter & Gamble Co. for a perfume. The company's prestige department has signed to create a men's and women's perfume business. Alexander McQueen previously developed fragrances in 2003 and 2005, but when L'Oreal acquired YSL Beauté in 2008, the kingdom, my Queen perfume has made the cut and were abandoned. chanel 2.55 classic P & G Prestige developed fragrances Hugo Boss, Dolce & Gabbana