Fashion
The French luxury products group LVMH, which owns such iconic brands as Louis Vuitton, Christian Dior and Dom Pérignon, has once again amazed the market with its astounding quarterly results.
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LVMH, the luxury concern behind Louis Vuitton, Dior and others, has had a fantastic start to the year. The French group increased its turnover by 15% and operational profit saw double-digit growth.
Fashion label Stella McCartney has closed a deal with French luxury house LVMH to accelerate its development. Interesting detail: only last year, Stella McCartney left Kering, another French luxury concern.
General
French luxury icon families Arnault (LVMH) and Pinault (Kering) are springing to the aid of Notre-Dame in Paris, which has been damaged by fire. Together they have already donated 300 million euros for the reconstruction of the iconic cathedral.
Luxury group LVMH, known as the parent company of Louis Vuitton, Moët & Chandon and others, has had a record year: profits went up by as much as 21% and exceeded the record height of 10 billion euros. How? By embracing exclusivity.
Alain Chevalier, co-founder of luxury holding LVMH, has died at the age of 87. The Frenchman was at the helm of Moët Hennessy in 1987 when he joined forces with Henry Racamier's Louis Vuitton.
m-Tail
French luxury group LVMH, led by Bernard Arnault, will invest millions of dollars in Lyst once again. The luxury fashion search engine wants to expand its global expansion this way.
French fashion label Berluti, which is part of luxury group LVMH, has appointed Belgian Kris Van Assche as its new creative director, succeeding Haider Ackermann, who will leave the company.
After eleven years as Dior Homme’s Chief Creative Officer, Belgian Kris Van Assche is to leave the fashion label to find new challenges. British designer Kim Jones will replace him.
Suitcase brand Rimowa, part of luxury group LVMH since 2016, has stopped all of its dealer contracts. It wants to initiate a new procedure soon and only a fraction of the current dealers will get a new contract.
French luxury group LVMH performed well in 2017: turnover for the full fiscal year grew 13 %, mainly thanks to improved Chinese results. The company’s fashion division even posted a 21 % surge.
Sidney Toledano, who has led French fashion label Christian Dior for the past nineteen years, will hand over the reins to current Fendi CEO Pietro Beccari in February. The move is part of a major reshuffle operation at the head of LVMH.
French luxury group LVMH has surpassed turnover expectations in the first three months of its fiscal year. Louis Vuitton and Christian Dior’s parent company managed a 12 % like-for-like turnover growth, to 30.1 billion euro.
French luxury group LVMH has devised a web shop called 24Sevres.com, that will focus on its own luxury brands and leave a space for other brands as well. The new online platform will launch on 6 June in seventy countries.
French luxury group LVMH has agreed to acquire fashion brand Christian Dior’s final 26 %. In return, it will pay 12.1 billion euro.
French luxury group LVMH, which owns brands like Louis Vuitton, managed a record profit in 2016 thanks to its better-than-expected performances in the United States and Europe.
