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LVMH.PA chief Bernard Arnault is set to visit China, two sources told Reuters on Thursday, as European luxury goods makers closely track the pace of recovery of the key market following three years of COVID disruptions. One of the sources close to the matter…
The world’s largest luxury retailer LVMH shrugged off broader market pessimism overnight reporting record revenue of €46.8 billion last year, up 10 per cent over 2017. Excluding the closure of the unprofitable Hong Kong airport duty-free business in December…
Technology and e-commerce trends are reshaping the global retail industry in profound ways, as the rise of online channels threatens to displace more traditional shopping experiences. However, Korea’s retail sector seems to be thriving in the face of this…
After Hedi Slimane premiered Celine menswear via a co-ed catwalk show on September 28, the brand has announced that it will join the Paris menswear calendar in January 2019. Celine is currently negotiating a show date with the Fédération de la Haute Couture…
The luxury childrenswear market is forecast to reach $6.6 billion in 2018, up by 3.8 percent year-on-year, presenting ample growth opportunities as spending power increases and parents dish out upwards of $500 for a pair of miniature Gucci loafers to match…
LVMH Moet Hennessy Louis Vuitton boosted revenues by 10 per cent to €33.1 billion in the first nine months of this year. Organic sales grew 11 per cent compared to the same period last year and by 13 per cent after excluding the impact of the closed DFS…
International luxury fashion and perfume house Givenchy has just launched in Korea. Its first Givenchy Beauty outlet opened on 31 July at the Hyundai Department Apgujeong store in the posh neighborhood in Southern Seoul. A Hyundai Department Store official…
Givenchy Beauty will open its first South Korean store this month. The cosmetics and skin-care line of the French luxury fashion house Givenchy has taken space in the Hyundai Department Store in the trendy southern Seoul district of Apgujeong. The first store…
Alibaba Group has bought a minority stake in Ordre, a European online luxury wholesale platform. Ordre, launched in 2015, allows fashion designers to show off their collections via 360-degree photography and virtual reality to interested wholesale buyers. The…
France’s Givenchy is revamping its retail reach in Asia, with the rollout of a WeChat store in China. Bowing 15 May 2018, the new WeChat boutique store is an extension of Givenchy’s premium offline service, and aims to offer a convenient yet immersive…
French couturier Hubert de Givenchy, a pioneer of ready-to-wear, has died at the age of 91. Paying homage to its founder, the house of Givenchy says he was “a major personality of the world of French haute couture and a gentleman who symbolised Parisian chic…
Tmall will this year work with top beauty brands such as Estee Lauder and Lancome to help them surpass RMB 1 billion (US$157.9 million) in annual sales on the platform. The increased focus on the beauty sector will also see Tmall deliver an updated suite of…
Balenciaga has overtaken Gucci as the hottest fashion label, according to the latest Lyst Index. The index draws on data analysis by fashion-search platform Lyst in conjunction with the Business of Fashion website. The 4.5 million data points analysed include…
It was only in April that top Chinese KOL Gogoboi launched his own WeChat boutique “Bu Da Jing Xuan,” a platform on which he curates selections of goods from luxury e-commerce retailers like Yoox, Net-A-Porter and Farfetch to sell to his fans (he’s got over 7…
Luxury fashion brand Givenchy has recruited Christine Edman to head up its Japan operations on behalf of the French maison. Effective June 16, Edman has taken of the role of Givenchy Japan president and CEO, under the helm of the Paris-based parent firm LVMH…
French luxury fashion house Givenchy is launching its first childrenswear collection, for the fall/winter season. In the style of its men’s and women’s ready-to-wear collections, the Givenchy Kids line will offer a complete wardrobe with iconic “mini-me”…
