LVMH

Western brands are losing more ground to cheaper Chinese rivals

By Bloomberg Published October 27, 2024 China’s growing consumer frugality has led to yet another quarter of sluggish earnings for…

3 weeks ago

Beiersdorf posts 9-month sales growth, flags China weakness

By Reuters Published October 24, 2024 Nivea maker Beiersdorf on Thursday reported an increase in group sales for the first…

3 weeks ago

Kering warns on annual 2024 operating profit as Gucci sales fall

By Reuters Published October 23, 2024 French luxury goods group Kering warned on Wednesday its full-year operating income would almost…

4 weeks ago

Hermès faces slowest quarter in years as luxury woes spread

By Bloomberg Published October 23, 2024 Hermès, traditionally resilient in the face of challenges weighing down its luxury peers, will…

4 weeks ago

Narvar names new CEO

Published October 18, 2024 Retail intelligence platform Narvar has announced the promotion of Anisa Kumar to the role of CEO, effective…

1 month ago

a new maelstrom at the head of the luxury houses?

Published October 10, 2024 Does Hedi Slimane's departure from Celine herald a major shake-up in the creative departments of luxury…

1 month ago

LVMH and Ruffini group won’t increase Moncler stake beyond 20%

By Reuters Published October 3, 2024 LVMH and Ruffini Partecipazioni Holding have agreed not to increase their stake in Moncler…

2 months ago

Arnault wins big on China stimulus with $17 billion wealth surge

By Bloomberg Published September 27, 2024 Bernard Arnault entered Thursday having lost more wealth this year than any other billionaire,…

2 months ago

LVMH buys a key stake in another Italian success story, Moncler, and gains seat on board

Published September 27, 2024 LVMH has acquired a 10% stake in Remo Ruffini’s key holding company that controls luxe sportswear…

2 months ago

L Catterton adds to wellness portfolio with Stenders acquisition

Published September 10, 2024 LVMH-backed L Catterton announced on Monday it has acquired a majority stake in Stenders, a premium bath…

2 months ago

Coach-Versace union goes to trial against Biden’s antitrust cop

By Bloomberg Published September 9, 2024 President Joe Biden’s antitrust enforcers face a new test in a Manhattan courtroom Monday…

2 months ago

Tiffany to halve China flagship store as luxury spending dives

By Bloomberg Published Sep 5, 2024 Tiffany & Co., LVMH’s leading jewelry maker, is planning to downsize a flagship store…

3 months ago

Ralph Lauren revenue rises 1% on stable demand in Europe, China

By Reuters Published Aug 7, 2024 Ralph Lauren Corp posted a rise in quarterly revenue on Wednesday, benefiting from steady…

3 months ago

Eva Erdmann to manage Kate Spade

Tapestry has chosen a beauty specialist to lead Kate Spade. Eva Erdmann, who spent almost fifteen years working for cosmetics…

4 months ago

Dior showcases opening ceremony outfits of Céline Dion, Lady Gaga, and more at Galerie Dior in Paris

By AFP Translated by Roberta HERRERA Published Aug 1, 2024 The outfits worn by the stars of the 2024 Olympic…

4 months ago

Pucci to launch a makeup line in collaboration with Guerlain in late August

Translated by Roberta HERRERA Published Jul 30, 2024 Guerlain and Pucci are joining forces to create a capsule makeup collection…

4 months ago

Birkin handbag maker Hermes outshines rivals with big sales jump

By Reuters Published Jul 26, 2024 Birkin-bag maker Hermes reported a 13% rise in second-quarter sales on Thursday, demonstrating the…

4 months ago

Bernard Arnault has lost more wealth than any billionaire in 2024

By Bloomberg Published Jul 26, 2024 French tycoon Bernard Arnault’s net worth has plunged this year by more than anyone…

4 months ago

Time is running out for Gucci’s makeover

By Bloomberg Published Jul 26, 2024 It’s even worse at Gucci than we thought.Sales excluding currency movements and mergers and…

4 months ago

Laura Burdese promoted to deputy CEO

Laura Burdese continues to climb the LVMH ladder, notably at Bulgari. Having joined the jeweller in January 2022 as Vice…

4 months ago