By Bloomberg Published Apr 30, 2024 LVMH Moet Hennessy Louis Vuitton SE is exploring options for its Marc Jacobs fashion brand amid interest from potential buyers, people with knowledge of the matter said. See catwalkMarc Jacobs – Spring-Summer2024 – Womenswear – Etats-Unis – New York – ©Launchmetrics/spotlight The fashion giant has been working with advisers … Read more
By Bloomberg Published Apr 24, 2024 Kering SA warned that profit will plunge in the first half of the year after wealthy shoppers curbed spending on Gucci products. See catwalkGucci – Fall-Winter2024 – 2025 – Womenswear – Italie – Milan – ©Launchmetrics/spotlight Recurring operating income will drop between 40% and 45% in the first six … 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
By Bloomberg Published Mar 29, 2024 The owners of Saks Fifth Avenue are in talks to raise financing to bolster the cash portion of an offer to buy competitor Neiman Marcus, according to people familiar with the matter, moving two of America’s biggest high-end department stores closer to a deal after years of on-and-off courtship … Read more
By Bloomberg Published Feb 23, 2024 The top three floors of the Tiffany & Co. Landmark building at the corner of Fifth Avenue and 57th Street sit in an airy glass box with views of Central Park and the New York City skyline. Courtesy This addition to the historic building was part of a sweeping renovation … Read more
Pandora has been named the UK’s most prominent online jewellery and watch brand in 2023 in an industry that has seen visibility and organic growth leap, according to a new wide-ranging report that goes from the mass-market to luxury level. Pandora The mid-priced, high-profile Pandora topped the list of 11 crucial performance indicators in terms … 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
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