The makers of luxury clothing, accessories, cosmetics, and perfumes are expanding their reach internationally by targeting travelers. Many of the industry’s leading companies, such as Christian Dior, Louis Vuitton, Hermes, Chanel, and L’Oreal, have opened boutiques in airports and on cruise shops around the world to appeal to tourists, particularly those from Asia, who are […]

French designer Hermes International S.A. is going to pay outgoing CEO Patrick Thomas almost 1 million euros ($1.3 million) per year from 2014 to 2017 in a 10-year non-competition agreement. The deal was reportedly signed on November 1. Thomas graduated from Ecole Superieure de Commerce de Paris. Leading the company since 2006, he was the […]