Luxury brand house LVMH has denied rumours that it is looking to offload its loss-making Kenzo brand.
LVMH, which also owns fashion brands including Louis Vuitton, Marc Jacobs and Donna Karan, said it had no plans to sell Kenzo, denying a report in French newspaper Les Echos.
An LVMH spokesman told Reuters: “LVMH has no plans to sell Kenzo.”
The spokesman declined to comment on another aspect of the Les Echoes report, which said LVMH had started the sale process of its La Brosse and Dupont unit, maker of hairbrushes and other body care products, which would be valued at about €50m (£43m).
LVMH saw revenue rise 11% to €4.5bn (£4bn) for the three months to March 31.