Tag: LVMH

Retail Asia05/06/2023
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3min0
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 said Arnault’s visit to the all-important Chinese market, which comes after high-profile […]

Retail Asia12/01/2023
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8min0
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 run Christian Dior. The changes announced Wednesday, effective Feb. 1, involve two of the luxury giant’s […]

Retail Asia01/09/2022
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4min0
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 ambition is to offer an alternative to luxury skincare, an Alter-Care™.  A new approach that supports caring for […]

Retail Asia27/07/2022
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6min0
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 in Europe, the US and Japan also helped offset a poor performance […]

Retail Asia21/07/2021
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2min0
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 Milan in 2013 by American designer Virgil Abloh. This will give the world’s largest luxury goods […]

Retail Asia02/03/2021
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1min0
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 property but not its website or shops. The retailer ceased operations last year amid […]

Retail Asia12/02/2021
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3min0
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 activity, based in Europe, pending better conditions,” the French luxury conglomerate said in […]

Retail Asia27/01/2021
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8min0
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. Six sources including two people with inside knowledge of Tiffany’s operations told Reuters the […]

Retail Asia01/10/2020
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1min0
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 is also a selection of Celine’s fragrances. Even the furniture was personally designed by Hedi Slimane. CELINE is fully […]

Retail Asia11/09/2020
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4min0
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 the jeweler’s share price had dropped well below the price […]

Retail Asia30/07/2020
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3min0
China proved a standout market in every product category for luxury-goods retail group LVMH in the first half-year. While sales in Europe and the Americas suffered from long-drawn-out disruption due to Covid-19, there were signs of a recovery in Mainland China. LVMH group sales fell by 27 percent to €18.4 billion during the half and […]

Retail Asia27/05/2020
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2min0
LVMH chairman Bernard Arnault will buy a stake in Arnaud Lagardere’s publishing and media group Lagardere Capital & Management (LCM). The transaction between the two French billionaires is expected to see Arnault pick up about a quarter of LCM’s share capital, according to a Reuters report. Lagardere’s portfolio includes numerous global travel retail stores, many […]

Retail Asia20/04/2020
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5min0
LVMH has reported a sales decline of 15 percent for the first quarter of this year, a staggering achievement given its most lucrative market, China, was shut down for most of the period. “Thanks to everyone’s commitment and the strength of its brands, the LVMH group maintains good resilience in the face of this worldwide […]

Retail Asia06/04/2020
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1min0
Japanese cosmetics brand Etvos has received a significant investment from global private-equity firm L Catterton’s Asia fund. The LVMH and Groupe Arnault-backed fund will partner with Etvos’s existing management to extend growth, with special attention to expanding store footprints and enhancing customer experiences. Following the completion of this investment, LVMH Japan president Norbert Leuret and […]


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