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Tag: LVMH

Retail Asia01/04/2020
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Fashion

LVMH Group brands invite consumers to travel abroad

2min0
LVMH Group brands are using social media campaigns to allow consumers to “escape differently” with branded content inspired by “nomadic thinking” during the coronavirus crisis. Multiple brands within the LVMH stable are embracing the concept which is in response to the global imperative for people to stay home in the midst of the pandemic. “With […]
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Retail Asia03/12/2019
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Fashion

LVMH-Tiffany deal signed

3min0
Subject to regulatory approvals, the LVMH-Tiffany deal is sealed: the French luxury fashion powerhouse will take over the iconic New York City-headquartered jeweler. But it may be mid next year before the transaction is completed after shareholder and regulatory processes are complete. LVMH will pay US$135 per share in cash for Tiffany, giving the jeweler […]
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Retail Asia02/12/2019
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Fashion

LVMH takeover of Tiffany & Co looks to be settled

3min0
Luxury jeweler Tiffany & Co looks set to be bought by French luxury group LVMH after the latter increased its offer to more than US$16 billion. Sources have told multiple international media organizations that a deal may be announced as early as today, Europen time before stock markets there open. The two companies’ boards met […]
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Retail Asia22/10/2019
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Fashion

LVMH results down off Hong Kong protest effect

2min0
Luxury goods group LVMH has shrugged off the impact of the recent Hong Kong protests and global economic uncertainty, recording a 19 percent increase in sales of leather goods and fashion during the third quarter. The Paris-headquartered group singled out its Louis Vuitton and Christian Dior brands as major contributors to the rise, describing their […]
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Retail Asia08/08/2019
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Fashion

LVMH sales up 15 per cent despite global tensions

3min0
Luxury brand owner LVMH has reported a solid 15 percent increase in sales in the first half of this year, shrugging off gloomy consumer sentiment in many markets. The parent of Louis Vuitton, Christian Dior, Bulgari, Sephora, DFS, Moet and a raft of other brands recorded sales of €25.1 billion. Organic growth was 12 percent […]
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Retail Asia08/08/2019
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Fashion

LVMH sales up despite global tensions

3min0
Luxury brand owner LVMH has reported a solid 15 percent increase in sales in the first half of this year, shrugging off gloomy consumer sentiment in many markets. The parent of Louis Vuitton, Christian Dior, Bulgari, Sephora, DFS, Moet and a raft of other brands recorded sales of €25.1 billion. Organic growth was 12 percent […]
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Retail Asia02/08/2019
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Fashion

LVMH takes stake in Stella McCartney House

4min0
LVMH has bought a cornerstone share in Stella McCartney House. Full details of the deal will be released in September, however LVMH has confirmed Stella McCartney will continue as creative director and ambassador of her brand, while holding majority ownership. LVMH’s archrival house Kering previously held a stake in Stella McCartney House until the celebrity […]
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Retail Asia31/07/2019
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Fashion

LVMH takes stake in Stella McCartney House

4min0
LVMH has bought a cornerstone share in Stella McCartney House. Full details of the deal will be released in September, however LVMH has confirmed Stella McCartney will continue as creative director and ambassador of her brand, while holding majority ownership. LVMH’s archrival house Kering previously held a stake in Stella McCartney House until the celebrity […]
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Retail Asia13/06/2019
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Fashion

LVMH Acquires of Italian jeweller Repossi

1min0
French luxury house LVMH has taken a controlling interest in Italian jeweller Repossi. The group quietly increased its 42-per-cent stake in the heritage jewellery brand to 69 per cent last year, and has since focused on expanding Repossi’s retail network, with openings in Tokyo and New York in the works for later this year. The […]
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Retail Asia11/06/2019
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Finance

L Catterton Asia Selling RM Williams

1min0
L Catterton Asia, the Singapore-based private equity firm, is set to sell its stake in Australian luxury footwear retailer RM Williams. The investment company, controlled by LVMH Group and the Arnault family, has put the business up for sale for US$500 million. If successful, the sale would mark the second major retail sector divestment by […]
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Retail Asia03/06/2019
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Fashion

LVMH finally makes Fenty fashion plans Public

3min0
The fashion industry’s worst-kept secret is now official: LVMH has, at last, confirmed it is extending its partnership with singer and celebrity Rihanna into fashion. “Everybody knows Rihanna as a wonderful singer, but through our partnership at Fenty Beauty, I discovered a true entrepreneur, a real CEO, and a terrific leader,” said LVMH chairman and […]
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Retail Asia15/05/2019
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General

Shandong Ruyi seeks $500m

2min0
Chinese textile and retail investment company Shandong Ruyi will list an IPO for its recently acquired The Lycra Co in the hopes of raising around US$500 million. The group is currently exploring a listing in the US as it works with Goldman Sachs, according to those familiar with the prospective deal. Progress has been slow […]
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Retail Asia02/05/2019
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Fashion

Sephora heads to Seoul, Korea

1min0
LVMH-owned cosmetics retailer Sephora will launch its first outlet in South Korea this October. The first Sephora South Korea retail space will take up 547sqft in Gangnam, featuring hundreds of brands as well as home-brand products under the Sephora label. “Sephora will contribute to expanding the local beauty market by proposing a new standard,” said […]
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Retail Asia29/04/2019
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Fashion

LVMH global revenue rises 16%

3min0
LVMH global revenue rose 16 per cent in the first quarter of this year, with Asia and every other geographical market fuelling growth. Organic growth – excluding acquisitions – was 11 per cent higher than the same period last year. The fashion-and-leather-goods business saw organic sales rise 15 per cent. “Louis Vuitton continued its remarkable […]
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Retail Asia11/03/2019
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Real Estate

LVMH plans London hotel-retail project

1min0
Luxury retailer LVMH is harbouring plans to develop a corner of London’s Grafton Street, according to a report on Business of Fashion. The development, made in partnership with privately owned property developer O&H, will reportedly include a Cheval Blanc hotel, a restaurant, a spa and a rumoured flagship Celine boutique. The projects are expected to […]
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Retail Asia01/02/2019
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Fashion

LVMH’s 2018 sales revenue hits record high

5min0
Following a record-breaking year of sales in 2017, LVMH recently announced that it has surpassed its earnings record in 2018. The French multinational luxury goods conglomerate revealed that it made an incredible €46.8 billion EUR (approximately $53.4 billion USD) last year. Additionally, the impressive feat comes with a record net profit growth of 18 percent. […]
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Retail Asia31/01/2019
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Fashion

Record results for LVMH in 2018

7min0
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 2017, the group’s organic growth was 12 per cent. Every business division delivered what the company […]
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