LVMH news and archive

Guerlain ventures into prestige haircare market

Guerlain, the LVMH-owned French cosmetics house, is set to venture into the haircare market, as per a report from WWD. The launch of Guerlain's inaugural haircare line, scheduled for June 15th, signifies the company's strategic move into a prestigious sector that is projected to experience significant growth. According to Statista, the prestige...

Business

LVMH appoints new chief omnichannel and data officer

Luxury conglomerate LVMH is set to further its digital efforts through the appointment of Gonzague de Pirey, who will be taking on the role of chief omnichannel and data officer from June 1. De Pirey has been tasked with managing the group’s omnichannel, data, artificial intelligence (AI) and remote customer service capabilities, leading it into...

Business

Bulgari and Thélios announce strategic eyewear partnership

Thélios, the eyewear division of LVMH, has signed an exclusive partnership with Bulgari for the creation, manufacturing, and global distribution of its eyewear. In a statement, both brands said that the partnership starting in January 2024 would “combine Italian design and craftsmanship between heritage and visionary creativity” to grow Bulgari’...

Fashion

Louis Vuitton showed its Pre-Fall 2023 collection from Seoul's iconic Jamsugyo Bridge

If there was a sense of unease at Louis Vuitton’s first catwalk presentation in Seoul, South Korea, it was the chill that came from the Han River, which flows through the heart of the city. But more likely it was the immersive set on the iconic Jamsugyo Bridge, designed by Hwang Dong-Hyuk, director of Squid Game, that reflected the incredible...

BusinessFeatured

Kering's lagging US sales shows market is normalising

Luxury sales in the US are showing signs of normalisation after the frenzy of post-Covid buying fever last year. Double-digit increases in demand for luxury goods have given way to a decline, which is countering the recovery in China. While China's easing of Covid lockdowns has significantly reawakened the recovery of shopping for luxury...

Retail |In Pictures Featured

Tiffany & Co. reopens New York flagship as ‘The Landmark’

Tiffany & Co. has reopened its New York flagship on 57th Street and Fifth Avenue following an extensive redesign, the first renovation of the store since it opened its doors in 1940. The flagship, dubbed ‘The Landmark’ is one of the largest stores in Manhattan and has been designed to “reintroduce the world to a new Tiffany & Co.” explained the...

Business

Why LVMH chief Bernard Arnault met with China's commerce minister

The photographs circulating the world’s media feature a smiling luxury magnate shaking hands with a Chinese politician. LVMH chief executive Bernard Arnault met with China’s minister of commerce, Wang Wentao, at the Dior flagship in Paris on Friday. Other senior management at LVMH, including Delphine Arnault, chairman and CEO of Christian Dior...

Business |Background Featured

Fashion dynasties: Nepo baby or deserving successor?

Fashion is all about a network of connections, but what if they don't have to be forged, and are instead inherited? In the past few months, the internet has come to recognise that Hollywood is a breeding ground, not just for good looks, but for privilege. While the concept and the debate it sparked is not particularly groundbreaking, the...

Business

Will Michael Burke to become CEO of LVMH Fashion Group?

Succession planning at the world’s largest luxury group has been underway for years, but owner Bernard Arnault has taken sensible steps to ensure continuity, profitability and longevity at LVMH. The 74-year-old business titan recently appointed his eldest daughter to oversee Christian Dior while his son Antoine is heading Agache, LVMH’s holding...

Business

LVMH acquires French manufacturer of fine jewelry, Platinum Invest

While it has just announced that it has exceeded 21 billion euros in turnover in the first quarter, the luxury giant LVMH is continuing its investment path in the jewellery sector with the acquisition of the French group Platinum Invest. Revealed by WWD, the takeover of the Platinum Invest group by LVMH should be concluded before the end of this...

BusinessFeatured

LVMH starts the fiscal year with strong sales growth

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton recorded revenue of 21 billion euros in the first quarter of 2023, up 17 percent compared to the same period of 2022. Organic revenue growth was 17 percent. The company said in a release that LVMH had an excellent start to the year, within a geopolitical and economic environment which remains...

Business

Hermès surpasses 200 billion euro valuation

Hermès has seen its valuation surpass the 200 billion euro mark, making it the eighth-most valuable company across the pan-European Stoxx 600 index. As the second most valuable luxury company in the world, it falls behind LVMH, which is valued at 459 billion dollars. The luxury sector has remained buoyant throughout the war and global recession,...