By Bloomberg Published May 4, 2024 Banks including Barclays Plc and UniCredit SpA are lining up €500 million ($538 million) in debt financing to back L Catterton’s purchase of a majority stake in Italian beauty brand Kiko, according to people familiar with the matter. kikocosmetics.com/ru-ru/ Private equity fund L Catterton is backed by luxury giant … Read more
By Bloomberg Published Apr 19, 2024 Three months before his 90th birthday, Giorgio Armani is hinting at possible big changes for his Italian fashion empire once he’s no longer in charge. After fighting for years to keep Giorgio Armani SpA independent amid the mergers and acquisitions that reshaped the luxury sector, the billionaire design virtuoso … Read more
“In a group like ours, you have to keep the entrepreneurial spirit. Even if it’s a group of a certain size, you have to feel as if you’re in a small family business. So when you join LVMH, you’re not joining a limited company, you’re joining a family. It’s the LVMH family, with all its … Read more
Translated by Cassidy STEPHENS Published Mar 26, 2024 Paris Fashion Week, dedicated to women’s ready-to-wear, has once again confirmed its leadership in terms of audience figures. The collections for Autumn-Winter 2024/25, presented on the catwalks of the French capital from February 26 to March 5, had a media impact of 425.5 million dollars in terms … Read more
By Bloomberg Published Mar 19, 2024 A US lawmaker wants Loro Piana to answer for what he sees as the “exploitation” of Indigenous workers providing raw materials for the Italian fashion house’s trademark luxury sweaters. Loro Piana SS23 The company, a subsidiary of LVMH Moët Hennessy Louis Vuitton SE, has been making garments out of … Read more
By Bloomberg Published Mar 14, 2024 Bernard Arnault received France’s highest civilian honor from President Emmanuel Macron at a ceremony on Wednesday evening that included VIPs such as Elon Musk and pop stars Beyoncé and Jay-Z. Emmanuel Macron and Bernard Arnault on June 21, 2021, in Paris, at the re-opening of La Samaritaine. – Christophe … Read more
By Bloomberg Published Mar 6, 2024 A top Louis Vuitton executive is set to join the LVMH fashion group, the division of the luxury conglomerate that houses labels including Celine and Loewe, as the company seeks to prepare the next generation of leaders. Pierre-Emmanuel Angeloglou Pierre-Emmanuel Angeloglou, currently executive vice president in charge of strategic … Read more
By Bloomberg Published Mar 4, 2024 Berlin-based Razor Group is buying Boston-based Perch in an all-stock deal, accelerating the consolidation of “aggregators” that snapped up popular online brands only to watch a pandemic-fueled sales boom evaporate. Razor is backed by L Catterton, the private equity arm of Bernard Arnault The transaction values the combined company … Read more
By Bloomberg Published Feb 27, 2024 Luxury giant LVMH is in talks to buy French magazine Paris Match from media conglomerate Lagardere SA, which is majority controlled by Vincent Bollore’s Vivendi. See catwalkLouis Vuitton – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics The owner of Louis Vuitton approached Lagardere with a bid and its … Read more
By Reuters Translated by Nicola Mira Published Feb 23, 2024 Luxury giant LVMH has set up an entertainment division called 22 Montaigne Entertainment, aiming to boost its flagship products’ marketing strategies. The division is headed by a committee led by Antoine Arnault, the eldest son of LVMH CEO Bernard Arnault, and Anish Melwani, North America … Read more
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