Wei ZhangFashion
Louis Vuitton Exits Chinese Province After Sales Drop and Trademark Dispute
The French luxury house pulled its presence from the regional market after facing consumer backlash over intellectual property litigation.
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LVMH
Every story tagged LVMH on RetailNews Asia: reporting, analysis and market signals from across Asian retail and e-commerce.
Stories tagged LVMH
129 stories in this topic
Rajiv MenonFashion
European Luxury Houses See China Rebound as Burberry Sales Climb 9%
Consensus estimates point to fourth-quarter sales growth for Kering in Greater China, even after July luxury revenue across the market fell 10 percent.
Rajiv MenonFashion
Louis Vuitton to Close Guiyang Store as Southwest China Footprint Shrinks
The French luxury house will shut its sole Guizhou boutique on August 31, halving its southwestern store count from peak levels.
Rajiv MenonFashion
LVMH Navigates Middle East Tensions: Q1 Revenue Slips but Expansion and Innovation Remain Steady
In the first quarter, LVMH reported revenues of €19.1 billion (US$22.4 billion), marking a decrease of 6%. This decline is largely attributed to various geopolitical tensions impacting business operations across the globe. Geopolitical Impacts on Revenue LVMH…
Sarah ChenFashion
Beatrice Goasglas Takes the Helm at Tag Heuer: LVMH’s New CEO to Drive Innovation and Elevation
Luxury goods multinational corporation LVMH has announced the appointment of Béatrice Goasglas as the new CEO of its premium watch label, Tag Heuer. The appointment will take effect from May. Professional Background of the New CEO Goasglas has been with Tag…
Aiko TanakaFashion
Francois Kohler Takes the Helm at LVMH: New Chapter for Luxury in South & Southeast Asia
Francois Kohler has been named the new president for South and Southeast Asia by luxury giant LVMH, effective February 23. Kohler succeeds Chris Chong, who is venturing into new professional pursuits. In his new role, Kohler will be reporting directly to LVMH…
Aiko TanakaFashion
“LVMH Shatters Q4 Sales Predictions: Luxury Sector Sees Hope with China’s Uptick”
LVMH, the conglomerate which owns luxury brands Louis Vuitton and Tiffany, outperformed fourth-quarter sales projections on Tuesday. This development has raised expectations of a revival within the luxury sector, despite challenges including trade conflicts,…
Rajiv MenonFashion
CTG Duty Free Acquires DFS: LVMH’s Strategic Luxury Retail Sale Boosts China’s Travel Market
Global luxury travel retailer DFS, which is owned by LVMH and Robert Miller, DFS’ co-founder and shareholder, has revealed they are set to sell their retail business across Greater China to the China Tourism Group (CTG) Duty Free. According to the agreement,…
Sarah ChenFashion
Gentle Monster, Backed by Google and LVMH, Fights Copycat Designs with Legal Firepower: Blue Elephant under Scrutiny
Gentle Monster, an eyewear brand under the ownership of Iicombined, has initiated legal proceedings against a fellow Korean eyewear company, Blue Elephant. The controversy revolves around accusations that Blue Elephant has been replicating Gentle Monster’s…
Rajiv MenonFashion
LVMH Battles Billion-Euro Lawsuit: Luxury Leader Denies Claim of Misappropriating Hermès Heir’s Shares
Luxury conglomerate LVMH has publicly denied allegations that it illicitly acquired shares now valued in the billions of euros from Hermès heir, Nicolas Puech. LVMH has been named in a lawsuit alongside its CEO, Bernard Arnault, and ex-wealth manager Eric…
Sarah ChenFashion
Singapore’s Aupen, Adored by Taylor Swift, Partners with LVMH for a Stellar Debut Jewelry Collection
Aupen, a luxury bag brand from Singapore whose designs have been sported by renowned personalities like Taylor Swift and Selena Gomez, is eager to unveil its debut fine jewelry collection. This exciting event, scheduled for Saturday, is happening in…
Aiko TanakaFashion
LVMH Experiences First Growth Of 2020 Amidst Rising Demand In China
LVMH, the world’s largest luxury goods group, has reported a 1% increase in sales in the third quarter. This uptick, the first instance of growth this year, was largely driven by an enhanced demand in China. With a diverse portfolio spanning fashion, alcohol,…
Minjun ParkFashion
LVMH’s Bernard Arnault Challenges Proposed Billionaire Tax, Sparking Controversy in France’s Wealth Debate
In a robust defense of wealth and economic freedom, Bernard Arnault, the chairman and CEO of LVMH and France’s wealthiest individual, has vehemently criticized a proposed 2% tax targeting billionaires, labeling it a direct threat to the nation’s economic…
Rajiv MenonFashion
Giorgio Armani Guides Heirs on Strategic Sale of Fashion Empire to LVMH and L’Oréal
The fashion world is in mourning following the death of Giorgio Armani, who passed away on September 4 at the age of 91, leaving behind an empire that industry analysts value between 5 billion and 12 billion euros (approximately US$5.9 billion to US$14…
Maria SantosFashion
Aupen, Singapore’s Buzzing Bag Brand, Faces Trademark Woes with Target: Staff Cuts and Product Withdrawal Announced
Aupen, a burgeoning handbag brand founded by former national swimmer Nicholas Tan, announced layoffs on Monday as the company navigates mounting legal challenges. The spokesperson confirmed that staff were informed of the cutbacks, which affect over ten…
Minjun ParkFashion
LVMH Targets Asia: Luxury Market Expansion Amid Shifting Retail Landscape
In a move that underscores the ever-evolving world of retail, French luxury goods giant LVMH Moët Hennessy Louis Vuitton has set its sights on expansion in Asia. The company recently announced plans to increase its investment in the region, aiming to capture…