The luxury powerhouse LVMH Moët Hennessy Louis Vuitton SE has made headlines with its recent acquisition of a historic villa in Cannes, France, for approximately €50 million ($52.7 million). This strategic move allows LVMH to showcase its prestigious fashion, cosmetics, and beverage brands during high-profile events in the glitzy French Riviera. Sources have revealed the […]
How LVMH’s Hublot Plans to Rise Above The Watch Market’s Downturn
The luxury watch industry has been facing significant challenges, particularly as the demand in key markets like China has faltered. Amid this backdrop, Hublot’s newly appointed CEO, Julien Tornare, is redefining the brand’s approach to meet the evolving demands of consumers. In his first interview since taking the helm, Tornare emphasized the necessity of aligning […]
LVMH’s Bernard Arnault Tells Spy Trial He Didn’t Know About Surveillance
In a high-profile trial in Paris, Bernard Arnault, the chairman and CEO of LVMH, testified regarding surveillance activities ordered by a former intelligence chief, Bernard Squarcini. As the world’s largest luxury goods company faces scrutiny over its actions, Arnault’s statements raised questions about corporate governance and ethical boundaries in the luxury sector. Arnault’s testimony focused […]
Fur Industry Faces Challenges with Elevation Strategy and LVMH Support
The global fur industry is confronted with significant obstacles, contributing to a shift in its overall market value. From a peak of $14.7 billion in 2013, the value of global fur exports has drastically fallen to just $3.4 billion in the previous year. This stark decline points towards a larger market trend, one that shows […]
LVMH Moves Alexandre Arnault to Headquarters, Fuelling Succession Talk
In a significant reshuffle at LVMH Moët Hennessy Louis Vuitton, Alexandre Arnault, one of the billionaire founder Bernard Arnault’s sons, is returning to the luxury conglomerate’s Paris headquarters after serving as Executive Vice President of Product and Communications at Tiffany & Co. This change marks a new chapter for both Alexandre and the company as […]
LVMH Would Take €800 Million Hit From France’s Planned Tax Hike
France’s proposed corporate tax increase is set to have significant repercussions for the nation’s economy, especially for its most prominent luxury brands. The government is eyeing an €8 billion hike in corporate taxes to manage the country’s ballooning budget deficit. This plan would primarily target successful companies generating more than €1 billion in revenue within […]
China’s Booming Grey Markets Add Woes to Luxury Brands
The luxury market in China is facing a significant challenge as grey and second-hand markets continue to expand. With rising prices from high-end brands and a slowing economy, many consumers are turning to alternative ways to purchase luxury goods, a trend that is becoming increasingly pronounced and alarming for established luxury brands such as LVMH. […]
This Week: How Deep Will Luxury’s Downturn Go?
In the world of luxury goods, the recent woes of LVMH, Kering, Hermès, and Zegna raise pressing questions about the future direction of the sector. Following LVMH’s disappointing sales figures, analysts and investors alike are questioning just how far this downturn will extend. The situation becomes especially alarming given LVMH’s status as the leading indicator […]
For LVMH, It’s a Battle for Market Share Now. Let the Games Begin
In an unexpected twist for the luxury sector, LVMH, the world’s largest luxury goods conglomerate, revealed a 5 percent decline in third-quarter sales within its core fashion and leather goods division. This includes iconic brands such as Louis Vuitton, Dior, and rising stars like Loewe and Celine. This downturn arrives after a prolonged period of […]
Luxury Market in Flux: Can Fiscal Stimulus Resurrect Chinese Consumer Confidence?
Investors in the French luxury group LVMH are tuning in closely to the latest economic developments in China, particularly the country’s new fiscal stimulus measures. There’s a palpable hope that these efforts might rejuvenate a once-vibrant consumer base that has cooled significantly in recent months. As one of the largest shopping events—Singles Day—approaches, the stakes […]