France
Hermès reduces proposed dividend
The French luxury goods group said it has decided to reduce its planned 2020 dividend to shareholders in order to implement some measures to response to the coronavirus outbreak
Chanel workshops to make face masks
The French-based luxury fashion group said it will launch production of face masks to increment the supply in France, as the coronavirus spreads across the country
Chanel closes production sites
The France-based luxury house announced it has decided to close its core production sites in three European countries: France, Italy and Switzerland, either completely or partially
Kering donates 2 million euros to hospitals
The French-based group, owner of brands such as Gucci, Yves Saint Laurent or Balenciaga has announced their contribution to the fight of the coronavirus outbreak
LVMH changes production from perfumes to hand sanitizer
The French-based luxury giant announced its production facilities for the cosmetics branch will start to manufacture large quantities of hydro-alcoholic gel
Kering announces year of sustained profitable growth
The French-based luxury goods group, owning brands such as Gucci, Saint Laurent and Bottega Veneta, amongst others, posted record sales in 2019, with double digit growth in revenue
Louis Vuitton and NBA in partnership
The France-based luxury label has announced a partnership with the US National Basketball Association (NBA). Louis Vuitton will also become the official Trophy Travel Case Provider
Brazilian exports cross the 965 million US dollars threshold
Data gathered by the Brazilian Footwear Industries Association (Abicalçados) indicates that 114.55 million pairs of shoes were shipped abroad between January and December, generating 967 million US dollars in exports in 2019
Saint Laurent to open new leather goods factory in Italy
French luxury brand Saint Laurent, which belongs to the Kering group, will open a new location for handbags and wallets near Florence
LVMH names Hélène Valade Director of Environment
French luxury group LVMH has just appointed Hélène Valade as Director of Environmental Development. The executive replaces Sylvie Bénard, who will retire after 26 years in office
LVMH acquires stake in Masoni tannery
The French-based luxury group acquired a minority stake in the Santa Croce sull'Arno (Florence) tannery Masoni Industria Conciaria SpA stock package. The deal was made through the LVMH division Métiers d' Art
Growth of Brazilian exports driven by US market
Between January and November this year 104.2 million pairs of shoes were exported by Brazil, resulting in revenue of 886.3 million US dollars. The US market continues to grow
Massimo Piombini leaves Balmain
The company's CEO has stepped down after two years in the job. A new CEO is expected to join Balmain in February next year
Louis Vuitton buys Tiffany for 16 billion US dollars
The companies have entered into a definitive agreement whereby LVMH will acquire Tiffany for 135 US dollars per share, resulting in a deal of 14.7 billion euros or 16.2 billion US dollars-
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