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French luxury powerhouse LVMH may have the ability to increase prices on their premium products by 2-3% annually without significantly impacting demand. This insight comes from the company’s deputy CEO, Stephane Bianchi, who shared the information during a…
LVMH has acquired an undisclosed minority stake in Swedish fashion brand Our Legacy, The Business of Fashion reported. The transaction comes following Our Legacy posting sales of €40 million (US$42.9 million) in the year ended June 30. Our Legacy will use the…
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 focus of the luxury industry is shifting back to China, with hopes that its high-end spenders will once again splurge on designer goods during Lunar New Year festivities as Beijing relaxes Covid curbs after three long years. Quarterly results from LVMH…
LVMH Moët Hennessy Louis Vuitton SE, Europe’s most valuable company, is embarking on one of its biggest management shake-ups in years, elevating Pietro Beccari to lead Louis Vuitton and tapping Delphine Arnault, daughter of Chief Executive Bernard Arnault, to…
Following a successful partnership with LVMH which began in 2019, Stella McCartney has collaborated with the LVMH Beauty division to develop her new skincare line, STELLA by Stella McCartney. After pioneering the conscious luxury fashion industry, Stella’s…
LVMH sales jumped in the second quarter as the owner of Louis Vuitton and Dom Perignon continued to thrive in spite of concerns about slowing economic activity. The luxury conglomerate was helped by strong sales of its fashion and leather goods. Solid results…
French luxury group LVMH is acquiring a 60% stake in Off-White, the label of designer Virgil Abloh who has been responsible for Louis Vuitton’s men’s collections since 2018. LVMH reports that it has taken a majority stake in Off-White, the brand launched in…
British shirt-maker Thomas Pink is set to be revived after former JD Sports executive Nick Preston acquired the brand. According to the Mail on Sunday, Nick Preston has brokered a deal to take control of LVMH’s shirtmaker brand, including its intellectual…
LVMH and Rihanna are suspending the ready-to-wear operations of Fenty, the pop singer’s brand, less than two years after its debut as the pandemic pummels demand for clothing. “Rihanna and LVMH have jointly made the decision to put on hold the ready-to-wear…
Booming sales at LVMH’s fashion brands like Louis Vuitton, particularly in China, helped to cushion the impact of the coronavirus pandemic, which has crimped revenues at the French luxury group. LVMH, which closed a $15.8 billion acquisition of U.S. jeweler…
French luxury goods group LVMH LVMH.PA plans to overhaul Tiffany & Co’s vast merchandise lineup to focus more on gold and precious gems while going more upmarket with its silver bangles after closing the $15.8 billion takeover of the U.S. jeweller this month.…
LVMH Moët Hennessy Louis Vuitton SE installed new management at Tiffany & Co., as the French conglomerate seeks to place its imprint on the U.S. jeweler and steer it through the pandemic. LVMH executive Anthony Ledru is returning to Tiffany, where he…
Luxury items and liquor-retail group LVMH recorded a 21-per-cent decline in income throughout the first 9 months of this year in what it describes as a “very turbulent environment” in the wake of the Covid-19 pandemic. The decline in sales – 30.3 billion…
French luxury fashion brand CELINE has opened a new concept pop-up store in Shanghai at thePlaza 66 Mall. The store which has been entirely designed by Creative Director, Hedi Slimane, features women’s footwear, handbags and other leather accessories. There…
French luxury-goods group LVMH has dropped its plan to take over Tiffany & Co, prompting the New York jeweler to announce it will file a lawsuit to enforce the deal. The US$16.2 billion takeovers was agreed to before the advent of the Covid-19 pandemic and…
