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Retail Asia24/01/2019

French luxury group LVMH is suing a wine merchant in Hong Kong over an alleged trademark infringement.bThe plaintiffs are suing over a wine range named “XLV”, established in collaboration between Cuvee XLV French Wine and Quentin-Louis, the son of fifth generation family member Xavier-Louis Vuitton. During a January 16 hearing in the High Court, LVMH […]

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Retail Asia22/01/2019

WWD reported that, according to multiple sources, the Rihanna is working with French luxury conglomerate LVMH to launch a luxury house under her name. It would be the first time LVMH has launched a brand new label since Christian Lacroix in 1987. No word on an official launch date, but perhaps that is why Rihanna […]

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Retail Asia18/01/2019

LVMH Luxury Ventures, an investment arm of the multinational conglomerate, has taken a minority stake in New York-based luxury label Gabriela Hearst. The terms of the deal were not disclosed, although LVMH Luxury Ventures typically invests between €2 and €15 million. Hearst, who ran contemporary-priced label Candela for more than a decade before launching her upscale […]

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Retail Asia21/12/2018

The London-based owner of the Hotel Cipriani in Venice and the Orient Express train service is being acquired by LVMH for $3.2bn including debt, marking a return to dealmaking by the world’s largest luxury group by revenues. The acquisition of Belmond boosts the hotel portfolio of LVMH, which already has Cheval Blanc hotels in Courchevel, the Maldives, […]

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Retail Asia14/11/2018

LVMH-back private equity fund L Catterton Asia has partnered with Mitsui & Co to take an unspecified stake in fast-growing Japanese eyewear retailer Owndays. The funds will be used to accelerate the retailer’s across the Asia-Pacific region. Owndays, which began its Southeast Asia rollout in 2013 opening a store in Singapore, now has 115 stores […]

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Retail Asia07/11/2018

Last month, Chanel reported its financials for the first time in its 108-year history, lifting the company’s traditional veil of secrecy, in part, to quash speculation that it could be acquired. The disclosure revealed that the French luxury giant generated $9.6 billion in sales last year – just a shade behind LVMH cash cow Louis Vuitton. What’s […]

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Retail Asia07/11/2018

Kering, which owns Gucci, Saint Laurent and Balenciaga, said it planned to buy back up to 1 percent of its share capital over a 12-month period. According to the luxury-goods group, the total amount of the share buyback agreement would not exceed €300 million (about $342 million) and the price would not exceed €480 per share. A stock buyback, […]

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Retail Asia18/10/2018

Last month, LVMH named Guillaume Henry new Creative Director of Jean Patou. Guillaume Henry is coming back to Fashion Week, resurrecting the Jean Patou maison with LVMH’s backing. The former creative director of Carven and Nina Ricci was handpicked by LVMH’s Sidney Toledano for the role and is expected to debut his vision for Jean […]

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18/10/2018

Salvatore Ferragamo has officially found its new chief executive officer. The luxury Italian brand’s CEO and general manager, Micaela Le Divelec Lemmi, will relinquish her dual title to take on the sole position of CEO in November. The general manager position will be made obsolete, as reported by the Italian press. After joining Ferragamo from […]

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Retail Asia12/10/2018

LVMH has tapped Stéphane Bianchi, the former CEO of the cosmetics firm Yves Rocher, to succeed Jean-Claude Biver as head of LVMH’s watch division. Biver, who recently turned 69, stepped down from his operational duties as president of the LVMH watch division and CEO of TAG Heuer for health reasons but will nevertheless remain as non-executive chairman […]

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Retail Asia10/10/2018

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 concessions at Hong Kong International Airport at […]

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Retail Asia26/07/2018

Luxury conglomerate LVMH said it plans numerous product launches before the end of the year as it races to stay ahead of fast-growing competitors like Kering SA’s Gucci and closely held Chanel. Second-quarter sales rose 11 percent, the Paris-based owner of Louis Vuitton handbags and Sephora cosmetics said in a statement late Tuesday, beating analysts’ expectations. The world’s […]

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Retail Asia11/04/2018

French luxury conglomerate LVMH Moet Hennessy Louis Vuitton has had a strong start to the year despite the impact of the termination of its Hong Kong International Airport duty-free business at the end of last year. Its revenue grew by 10 per cent for the first quarter to reach €10.9 billion. Organic growth was 13 […]

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Retail Asia14/03/2018

French couturier Hubert de Givenchy, a pioneer of ready-to-wear, has died at the age of 91. Paying homage to its founder, the house of Givenchy says he was “a major personality of the world of French haute couture and a gentleman who symbolised Parisian chic and elegance for more than half a century”. Givenchy designed […]

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Retail Asia08/03/2018

Tmall will this year work with top beauty brands such as Estee Lauder and Lancome to help them surpass RMB 1 billion (US$157.9 million) in annual sales on the platform. The increased focus on the beauty sector will also see Tmall deliver an updated suite of New Retail solutions so that all merchants can better […]

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Retail Asia14/02/2018

LVMH, the parent company of brands including Louis Vuitton, Dior and CÉLINE, announced plans for its Luxury Ventures initiative in 2017 with the aim of acquiring minority stakes in emerging luxury brands. The latest brand to get backing from the programme is New York’s Stadium Goods. As far as streetwear connoisseurs are concerned, New York […]

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Retail Asia09/02/2018

A worker intently studies an aluminium suitcase on the assembly line at the Rimowa factory in Cologne. He opens and closes it repeatedly, lays it flat, pounds a hinge with his mallet, stands it on its wheels and starts over again. Until this bag is perfectly balanced, it will not leave the factory. Such labour-intensive […]

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Retail Asia09/02/2018

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, announced record sales of 42.6 billion Euros in 2017, up 13% over the previous year, as all divisions turned in strong performances. Its net profit popped 29%. The news sent LVMH‘s stock up 5% on Friday. The biggest beneficiary of the announcement is LVMH’s longtime […]

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Retail Asia29/01/2018

It has been another record year for luxury products group LVMH Moet Hennessy Louis Vuitton. Revenue increased by 13 per cent year on year to reach €42.6 billion (US$52.9 billion), while organic revenue growth was 12 per cent. All business groups recorded double-digit organic growth with the exception of wines and spirits, where second-half growth […]

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Retail Asia24/01/2018

Hong Kong’s Affinity Equity Partners has joined a bidding scramble for Korean budget fashion and cosmetics brand Stylenanda. Also in the race are LVMH-backed L Catterton, L’Oreal and Shiseido, with the bid worth up to KW500 billion (US$467 million), insiders say. Parent company Nanda has received letters of intent from potential bidders, including a local […]

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