LVMH
Strong first half for LVMH
The luxury group posted a 15% revenue growth and a 30% net profit rise in the first half of 2023, as compared to the same period of 2022, driven by a strong performance in Asia and Europe
LVMH Métiers d’Art acquires majority stake in Italian tannery Nuti Ivo
LVMH's division aimed at preserving the French-based group's expertise in luxury raw materials and craftsmanship is now a majority partner of the Italian tannery Nuti Ivo SpA Group
LVMH announces first quarter results
The luxury group has reported a revenue growth of 17% (also organically) in the first quarter of 2023 to 21.04 billion euros, year-over-year, highlighting the rebound experienced in China
Pharrell Williams is Louis Vuitton's new Men's Creative Director
The luxury Maison has announced the appointment of the musician and entrepreneur Pharrell Williams as its new Men's Creative Director, effective immediately
LVMH posts record annual sales
The French-based luxury group reported to have reached a revenue of 79.2 billion euros in 2022, with profit from recurring operations totalling 21.1 billion euros, both up by 23% over 2021
LVMH announces major executive changes
The French-based luxury group has announced that Pietro Beccari, who has led Dior since 2018, will become CEO of Louis Vuitton, while Delphine Arnault has been appointed to succeed Beccari at Dior
French luxury segment in need of specialized artisans
There are at least 20 000 vacancies for specialized workers in the French luxury segment, said the association that represents about a hundred luxury houses in the country
Dior buys prints and manual finishings on leather specialist Art Lab
According to the Milanese business newspaper Il Sole 24 Ore, the Parisian-based House has acquired the Tuscan company specialized in prints and handmade finishings on leather
LVMH joins the Circular Bioeconomy Alliance
The luxury group will be supporting the Circular Bioeconomy Alliance's Living Lab in Chad, which is developing a sustainable cotton production under a regenerative agroforestry system
LVMH reports steady growth
After recording revenue growth of 28% in the first nine months of 2022, the French-based luxury group said that "growth continues at the same pace". Sales also increased in the third quarter
Louis Vuitton launches sustainable sneaker
The French luxury Maison, owned by LVMH, released a new unisex version of the LV trainer made from 90% recycled and organic materials, designed by its late creative director Virgil Abloh
LVMH announces first half results
"In a still disrupted environment", the French-based luxury group posted revenue growth in the first half of the year. The fashion & leather goods segment recorded a "remarkable" performance
Arnault restructures holding company to ensure family control of LVMH
The French billionaire Bernard Arnault is turning his holding company Agache into a joint-stock partnership to guarantee that its control over the LVMH group will be maintained in the long term
LVMH off to a good start in 2022
The luxury group reported revenue growth in the first quarter of 2022, but remains vigilant due to "the current geopolitical context and the ongoing impact of the pandemic”, especially in China
Fashion brands halt sales in Russia
Pressure has been mounting on the Fashion industry to cut off commercial trading with Russia in the aftermath of Russia’s invasion of Ukraine on the 24th of February-
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