LVMH sells fashion label Donna Karan for $650 million
Louis Vuitton owner sells to G-III Apparel after failing to turn around ailing brand
Prada profit drops 44% on back of China sales slump
Fashion group will open fewer stores and focus on bags in €1,000-€1,200 range in effort to reignite demand
Shares in Gucci owner Kering fall after weak growth
Luxury goods brand attempts to raise prices in effort to appeal to wealthiest shoppers
LVMH sales grow as luxury goods industry rebounds
Owner of Louis Vuitton and Christian Dior sees second quarter revenue increase by 9%
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