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LVMH cancels plans to build research centre near grounds Paris Polytechnic Institute

Paris - The luxury goods group LVMH has decided not to set up its research centre on the Saclay plateau in the Essonne department of France, near the engineering school of the Paris Polytechnic Institute (IP Paris), which had given the green light to the project last November despite opposition from several students. The school announced the...

26 Jan 2023

RetailFeatured

Retailers focus for 2023: Reaping the fruits of their tech investments and championing customer loyalty

After a couple of years dominated by uncertainty, apparel retailers have a clear path of action: 2023 is the year to reap the fruits of their investments in AR, AI, and other tech to champion customer loyalty. Earlier this week, the who is who of the retail industry met at the US largest trade event of the year to debate whereas that sought...

18 Jan 2023

Retail |Beauty Featured

Sephora confirms UK store will open in Westfield London

Beauty retailer Sephora, which last year returned to the UK market with a dedicated e-commerce site, has confirmed that it will be opening a brick-and-mortar store in Westfield London this March. In a statement, Sephora said that the 6,000-plus square foot store, will showcase “an exceptional assortment of products and personal services” in a...

17 Jan 2023

PeopleFeatured

LVMH announces changes at the top, but who will be the next Louis Vuitton men's designer?

A change of the guards at LVMH has seen a shuffling of management at the Group’s biggest brands, but a successor to Virgil Abloh at Louis Vuitton remains a mystery. On Tuesday Louis Vuitton revealed a collaboration with Brooklyn-based designer KidSuper, who some have suggested could be next at the helm of its menswear brand. Announcing a...

11 Jan 2023

BusinessFeatured

LVMH appoints Pietro Beccari as Louis Vuitton CEO

Pietro Beccari, who has headed Christian Dior Couture since 2018, becomes chairman and chief executive officer of Louis Vuitton. LVMH said in a statement that Beccari succeeds Michael Burke, who will take up new responsibilities, reporting directly to Bernard Arnault, chairman and chief executive officer of LVMH, after spending ten years as the...

11 Jan 2023

Fashion |Beauty

Guerlain launches collaboration with Maison Matisse

French beauty house Guerlain has collaborated with Maison Matisse, the legacy company founded by painter Henri Matisse's great grandson, on a limited edition collection based on the late painter’s palette. Guerlain, which is owned by LVMH, said it had a close relationship with art since its inception in 1828. Over the years, generations of...

10 Jan 2023

Business

Sephora France head exits company, transfers to LVMH’s Tannico

The general manager of Sephora France, Thierry Bertrand-Souleau, has exited after 11 years at the beauty retail giant. It comes as a “natural and positive evolution” for Bertrand-Souleau, a spokesperson for Sephora said, who further added: “We warmly thank Thierry for all these years spent with us and we wish him all the best in this new role.”...

5 Jan 2023

People

Bernard Arnault, emperor of luxury and world's top fortune

Bernard Arnault -- who with his family now tops the wealth of Elon Musk -- gradually built LVMH into a global luxury empire by buying up iconic brands, sealing his reputation as a formidable and insatiable businessman. With $184 billion on Thursday, the 73-year-old Frenchman and his family moved to the top of Forbes' billionaire list, knocking...

21 Dec 2022

Business |BACKGROUND Featured

The rise of virtual influencers: the phenomena taking over fashion marketing

Like the evolution of fashion as a whole, influencers have also been evolving alongside the industry’s increasing digitalisation, seeing the concept of ‘virtual influencers’ become something of a norm in the marketing world. This growing trend has seen retailers from the likes of Marks & Spencer to Pacsun begin to explore the digital realm by...

20 Dec 2022

Business

Louis Vuitton to produce bags in new Italian workshop

Tuscany, Italy’s destination for the manufacturing of luxury leather goods, will soon get a new factory operated by LVMH. The French luxury group said it plans to produce Louis Vuitton bags and other leather accessories, according to Reuters. It will be the group’s third factory in the region. Located in the small town of Sieci, the news first...

19 Dec 2022

Business

Burberry, Puma and Inditex make CDP’s 2022 A List

The Carbon Disclosure Project (CDP) has revealed the names of companies that have made it to this year’s A List, recognising their transparency and efforts in climate change, forest preservation and water security. Out of the 15,000 companies analysed, each allocated a score of A to D minus, over 330 made it to the nonprofit’s ‘A List’, putting...

13 Dec 2022

RetailFeatured

American luxury shoppers are flocking to Europe

What do London, Paris and Milan have in common? A surge in American luxury shoppers, who are on the continent to buy European high-end fashion and accessories, as the dollar continues to stretch to its highest value in 20 years. In a recent note, Bank of America said: “Very strong demand from US luxury customers was the biggest positive tailwind...

12 Dec 2022