LMVH news and archive

LVMH raises stake in Tod's

Luxury conglomerate LVMH is raising its stake in Tod’s to 10 percent. In a statement, Tod’s said that LVMH would buy a 6.8 percent stake from Tod’s founder and chairman Diego Della Valle. LVMH chairman Bernard Arnault already owned a 3.2 percent stake in Tod’s. “Through this transaction, the 20-year friendship between the Arnault and Della Valle...

BusinessFeatured

Pink Shirtmaker snapped up by former JD Sports exec

British formalwear brand Pink Shirtmaker is reportedly under new ownership after being put up for sale late last year by LVMH. The company, which was previously called Thomas Pink before being rebranded in 2018, has been acquired by former JD Sports executive Nick Preston, The Mail on Sunday reports. Pink Shirtmaker, which was founded in 1984 by...

Retail

Louis Vuitton lowers retail prices in China

LMVH maison Louis Vuitton is lowering its retail prices in China. In a statement issued by the maison to the newspaper Jing Daily, the brand announced that it had decided to "lower prices on a wide range of products to support the government's efforts to reduce the cost of luxury goods sold in China". The Ministry of Finance in Beijing, starting...

Fashion

HK protests: China slowdown takes sparkle off luxury market

Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms. LVMH, world number-one in the sector and owner of brands like Louis Vuitton, Givenchy and Dior, saw its salesdrop by 3 percent in Asia, excluding Japan, in the third-quarter...

Design

Arnault is the richest man in fashion

Forbes have released its annual billionaire list and for the second year running, fashion’s richest man is LVMH chairman Bernard Arnault, who came in a number 4 on the list with his net worth valued at $41bn, which also made him the richest man in Europe. Arnault was closely followed by founder of high street store Zara, Amancio Ortega who came...