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
By Reuters API Published Apr 16, 2024 LVMH’s sales slowed in the first quarter as rising prices prompted more shoppers who aspire to own its luxury labels to hold back on splashing out thousands of dollars on handbags and other accessories. See catwalkLouis Vuitton – Fall-Winter2024 – 2025 – Womenswear – France – Paris – … Read more
By Reuters API Published Apr 16, 2024 LVMH reported a 3% rise in first quarter sales on Tuesday, marking a slowdown as rising prices prompted more shoppers who aspire to own its handbags and other luxury goods to hold back on splashing out thousands of dollars. The slower quarterly sales growth reflected comparisons with the … Read more
Translated by Nicola Mira Published Mar 20, 2024 Brandart has named a new CEO from outside the company. The Italian packaging and merchandising solutions specialist, chiefly active in the fashion and luxury sectors, has appointed as CEO Massimo Paloni, who spent most of his career at Bulgari. Massimo Paloni – Brandart Paloni succeeds Maurizio Sedgh, … Read more
EssilorLuxottica and Michael Kors announced on Wednesday the renewal of their fashion eyewear licensing agreement. EssilorLuxottica, Michael Kors extend fashion eyewear licensing agreement. – Michael Kors The agreement covers the development, production, and worldwide distribution of prescription frames and sunglasses under the Michael Kors brand. The renewal, set to take effect on January 1, 2025, … Read more
With London Fashion Week celebrating its 40th birthday this year, the British Fashion Council is going all-out to make next month’s event “ignite the imagination, honouring the breadth of creative talent in London” for consumers. Raey And that means getting them involved to explore the capital’s “renowned shopping destinations through an exciting programme of 500 … Read more
Bernard Arnault used to be known for buying luxury brands. Now, his favorite pastime is snapping up buildings – the latest of which is a historic Paris mansion near the Opera Garnier. Hotel Soltykoff, Paris Luxury behemoth LVMH, where Arnault is chairman, CEO and controlling shareholder, acquired the Hotel Soltykoff at 10 rue Volney, located … Read more
By Bloomberg Published Feb 1, 2024 The wolf is licking its lips. The prey is not wearing a red hooded cape, but Van Cleef Arpels jewelry. Van Cleef & Arpels – Facebook Van Cleef & Arpels Bernard Arnault, the founder and chief executive officer of LVMH who’s known as the “wolf in cashmere,” last week sang … Read more
Translated by Nicola Mira Published Jan 29, 2024 Last Thursday, a few seconds after 6 pm CET, as soon as trading at the Paris Stock Exchange closed for the day, luxury tycoon Bernard Arnault took to the conference room stage at the LVMH group’s headquarters in Paris, at 50 Avenue Montaigne. FNW/DM Arnault, who took … Read more
