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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…
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…
Following the success of its first concept store which is dedicated exclusively to fragrances on rue Saint Honoré in Paris, Guerlain has open the Guerlain Parfumeur boutique in Hong Kong this month, being its first concept store in Asia. The store is under…
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…
It has been a bubbly nine months for the LVMH luxury business – with the exception of its wines and spirits division, which was hampered by supply constraints. Revenue grew by 14 per cent for the period to reach €30.1 billion (US$35.4 billion). With organic…
Between March 1 to April 12, Changi Airport and its exclusive perfume and cosmetics retailer The Shilla Duty Free have teamed up to create ‘an exclusive Outpost’ within the Terminal 1 Cosmetics & Perfumes central store to mark the launch of the brand’s new…
The official Coach Tmall flagship shop has been abandoned. Luxury bag brand Coach Inc says it will replace its shop on Alibaba Group Holding’s business-to-consumer sales site by selling directly through its own website and on its WeChat account, the…
Global duty-free retailing is expected to reach nearly US$98 billion in revenue by 2019, according to a new study by global technology research and advisory company Technavio. With the expansion of low-cost airlines, many middle-class travellers are taking…
Luxurious retail journey retailer DFS Group is launching a month lengthy celebration of “all issues magnificence” in July. The annual First Class Magnificence marketing campaign will run in 19 DFS shops in seven nations, unveiling a collection of product…
