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LVMH news and archive

Culture

Dior launches web series of inspiring women

Christian Dior Parfums and creative director Maria Grazia Chiuri have launched a new series of short videos inspired by exceptional women. The video portraits showcase women who embody what it means to choose their own destiny, show grace and determination while having a meaningful impact on those around them. #Diorstandswithwomen #Diorchinup...

7 Apr 2021

Fashion

LVMH announces semi-finalists for young fashion designer prize

LVMH has announced the 20 semi-final candidates selected for its Young Fashion Designers Prize. For the first time, along with votes from experts in the industry, the public will be allowed to cast their vote by a digital platform set up by LVMH where people can learn more about the designers, their collections, history, personalities and get a...

31 Mar 2021

Business

Dior to host a special event with Unesco focusing on gender equality

Dior has confirmed it will be hosting a special event with Unesco during a live broadcast to launch its newest program entitled, ‘Women Leadership and Sustainability.’ The Women@Dior 2021 program will center around compelling topics such as gender equality and inclusion, while 1,500 young women from 25 countries will join the e-meeting. First...

30 Mar 2021

Business

LVMH partners with Unesco to combat deforestation in the Amazon

LVMH, in partnership with UNESCO MAB(Man and the Biosphere) program, revealed its new biodiversity strategy to combat deforestation in the Amazon. The initiative is a part of the conglomerate’s LIFE 360 program (LVMH Initiatives For the Environment), limiting its group’s impact on ecosystems by rehabilitating 5 million hectares of natural...

25 Mar 2021

Fashion

Louis Vuitton closes digital Paris Fashion Week

An audience-free Paris Fashion Week closed with Nicolas Ghesquière presenting the Louis Vuitton Women’s Fall 2021 collection at the Louvre on Wednesday. Unveiled in the museum’s spectacular setting of the Michelangelo Gallery, the French luxury house showed a selection of bags from the new collaborative capsule collection with Italian artistic...

11 Mar 2021

Business

LVMH hosts virtual trade fair promoting work-study programs and apprenticeships for students

The sixth annual trade fair, Village des Métiers d’Excellence, hosted by LVMH, takes place digitally on March 12 and aims to promote work-study programs and apprenticeships in creative, craft, and retail professions. Students have the opportunity to discover more than 30 professions within different LVMH Maisons and apply for over 400 plus...

10 Mar 2021

Business

Birkenstock steps into big league with new luxury owners

Berli - Germany’s unabashedly frumpy but comfortable flat sandal maker Birkenstock stepped into the luxury league on Friday, with an LVMH-backed company and the French group’s billionaire owner snapping up the iconic brand. No details were given about the sum paid by LVMH-linked equity firm L Catterton and Bernard Arnault’s family holding fund...

1 Mar 2021

Business

LVMH subsidiary buys majority stake in Birkenstock

A subsidiary of French luxury group LVMH and its billionaire owner Bernard Arnault have purchased a majority stake in Birkenstock, the German maker of the iconic and eponymous sandals said Friday. No details were given about the price paid by LVMH subsidiary L Catterton and Arnault's family holding fund Financiere Agache, but analysts put the...

26 Feb 2021

Business

LVMH buys 50 percent of Jay-Z owned champagne brand

LVMH, the world's biggest luxury goods company, said on Monday it had agreed to buy 50 percent of Armand de Brignac, the champagne brand owned by rapper Jay-Z. The company said the purchase -- for an undisclosed sum and made through its Moet Hennessy drinks division -- also involved a distribution deal and would kick off a partnership reflecting...

22 Feb 2021

Business

Gucci's sales have lost momentum, affecting Kering's recovery

2020 was not a year investors expected stellar growth from most luxury brands. In the epic times of a global pandemic, most hoped to see a rebound toward the fourth quarter, with 2021 the year of returning to pre-Covid sales levels and acceleration. At Gucci, sales were down 22 percent year on year, a loss far higher than most of its peers in...

18 Feb 2021

Business

LVMH professionals answer students' questions

LVMH has launched a new campaign inviting students worldwide to ask questions about what it’s like to work in the industry. LVMH says it aims to help the latest generation by giving them direct insights into marketing, human resources, operations, IT, design, and retail by having 17 young working professionals at either the corporate level or at...

12 Feb 2021

Fashion |OPINION

Why Fenty's fashion fell flat with consumers

A denim jacket with a price tag of just under 1,000 dollars was unlikely to be a bestseller. Neither a pair of ribbon rope sandals costing almost the same. Consumers buying into celebrity fashion ranges are on average a younger audience with less disposable income. Rihanna’s Fenty fashion may have just priced them out. A pandemic keeping...

10 Feb 2021