Fashion conglomerate OTB Group joins LVMH, Prada Group and Cartier as a new founding member of technology innovation initiative Aura Blockchain Consortium. As the parent company of Diesel, Maison Margiela, Marni, Jil Sander and Viktor&Rolf, the OTB Group’s new move will see the company dive into the exploration of digital transparency and...
15 Oct 2021
Tod’s is entering a new phase in its management, after the exit of CEO Umberto Macchi di Celllere and the appointment of a new General Manager. Last week Tod’s SpA announced the shakeup, with di Cellere exiting after four years and Chairman Diego Della Valle and brother Andre Della Valle to take up the position. A new General Manager has now...
LVMH Moët Hennessy Louis Vuitton recorded revenue of 44.2 billion euros in the first nine months of 2021, up 46 percent compared to 2020. The company said organic revenue growth over the period was 40 percent compared to 2020. Compared to 2019, organic growth was 11 percent, with trends in the third quarter, up 11 percent comparable to those of...
13 Oct 2021
LVMH fashion house Louis Vuitton has unveiled Squid Game’s HoYeon Jung is the label’s newest global ambassador. Announced in an Instagram post on the brand’s official account, HoYeon will be joining as a representative of fashion, watches and jewellery for the luxury label. In the post, the actor swapped the blood-soaked tracksuit of her...
7 Oct 2021
Luxury conglomerate LVMH has acquired Officine Universelle Buly 1803, the French perfume and cosmetics brand relaunched in 2014 by husband and wife Ramdane Touhami and Victoire de Taillac. The acquisition comes four years after the luxury group’s initial investment in the Parisian perfumer, through its minority investment fund LVMH Luxury...
6 Oct 2021
LVMH, the parent company of luxury brands including Louis Vuitton, Dior, and Celine, has announced that it is staffing up, big time. The company announced a major recruitment effort to help expand the number of young employees in its ranks. LVMH felt that the economic climate has been particularly difficult for younger generations, and to help...
22 Sep 2021
A jewellery heist at Bulgari’s flagship boutique on Place Vendôme in Paris saw a gang make off with approximately 10 million euros on Tuesday. Armed and suited, the men succeeded at robbing the Italian luxury house in broad daylight, using a grey BMW as a getaway car and two scooters for distraction. All persons were later caught by police. In...
8 Sep 2021
London-based designer Nensi Dojaka has been announced as the winner of this year’s LVMH Prize for Young Designers, receiving a 300,000 euro grant as well as a year-long mentorship programme hosted by LVMH executives. Known for her complex mini-dresses and organza designs, the Albanian designer was selected based on future potential, with a group...
7 Sep 2021
Bernard Arnault, the French luxury goods billionaire, has divested his stake in Carrefour, just as the giant retail chain is yielding results. Arnault first invested in Carrefour with US private equity firm Colony Capital LLC, according to Edge Markets, which saw France’s wealthiest person secure a seat on the board and pushed for the retailer’s...
1 Sep 2021
The International Fur Federation, which represents and regulates the global fur sector, has unveiled Furmark, a comprehensive global certification and traceability system that guarantees animal welfare and environmental standards. Described as a “game-changer” for the fur sector, Furmark will offer QR-coded swing tags that map the history of a...
Farfetch, the British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and global brands, saw revenue increase 43 percent in the second quarter of 2021. Gross merchandise value was up 40 percent, doubling over the same period last year to 1 billion dollars. “I am truly impressed with the resilience of...
20 Aug 2021
Camille Miceli is reportedly the new creative director of Emilio Pucci. The experienced artistic director has previously worked for Dior as a consultant for leather goods, after working a number of years for iconic fashion houses Chanel and Azzedine Alaïa. The role will replace her current position as creative director of accessories at Louis...
10 Aug 2021
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