LVMH’s Moët Hennessy to Cut Workforce by 10%, FT Reports The renowned luxury conglomerate LVMH, known for its opulent brands and exquisite products, is making waves once again in the business world. According to the Financial Times, LVMH’s wine and spirits arm, Moët Hennessy, is set to reduce its workforce by approximately 1,200 employees. This […]
Luxury’s New Pecking Order
Luxury’s New Pecking Order In the ever-competitive world of luxury fashion, recent moves by top players have once again reshuffled the industry’s pecking order. This week, Dior made headlines by appointing Jonathan Anderson to lead its men’s fashion division. The talented designer, known for his innovative approach and unique aesthetic, is expected to bring a […]
Jonathan Anderson’s Dior Debut Is Slated for June
Jonathan Anderson’s Dior Debut Is Slated for June The fashion world is abuzz with anticipation as Jonathan Anderson gears up for his highly-anticipated debut at Dior in June. The former Loewe designer was recently confirmed as the artistic director for men’s collections at the prestigious fashion house in a brief statement by LVMH chairman Bernard […]
LVMH Shareholders Agree Bernard Arnault Can Remain CEO Until He Is 85
LVMH Shareholders Approve Extension of Bernard Arnault’s CEO Term to Age 85 In a move that has significant implications for the luxury conglomerate LVMH, shareholders voted on Thursday to adjust company bylaws, allowing the current Chairman and CEO, Bernard Arnault, to remain at the helm until he reaches the age of 85. This decision, made […]
Jonathan Anderson Confirmed at Dior Men
Jonathan Anderson Confirmed as Creative Director at Dior Men In a groundbreaking move that sent shockwaves through the fashion industry, LVMH CEO Bernard Arnault announced at the group’s annual shareholders meeting on Thursday that Jonathan Anderson will be taking the helm as the Creative Director of Dior Men. The star designer, known for his innovative […]
Hermès Market Value Surpasses LVMH, Which Once Tried to Buy It
Hermès Surpasses LVMH in Market Value: A Triumph of Luxury and Legacy In a monumental shift within the realm of luxury goods, Hermès International SCA has achieved a remarkable milestone. As of Tuesday, the esteemed French fashion house’s valuation soared to a staggering €243.65 billion ($276.3 billion). This impressive feat briefly surpassed the market capitalization […]
LVMH Perfumes and Cosmetics Revenue Declines 1%
LVMH Perfumes and Cosmetics Revenue Declines 1% In the ever-competitive world of luxury goods, even the giants can face challenges. Recently, LVMH, the renowned luxury conglomerate, experienced a slight dip in its Perfumes and Cosmetics division revenue. In 2025, the beauty arm of the company saw a 1% decline in revenue, a surprising turn of […]
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain
LVMH Sales to Test Luxury Investors’ Nerves After Tariff Pain The luxury industry is facing a challenging time as the impact of tariffs continues to ripple through the market. This turmoil is evident in the luxury stocks index compiled by Goldman Sachs Group Inc., which has seen a significant drop of over $200 billion from […]
Can Off-White Mogul Davide De Giglio Pull Off Another Big Exit?
Can Off-White Mogul Davide De Giglio Pull Off Another Big Exit? Davide De Giglio, the mastermind behind Off-White and a prominent figure in the fashion industry, is once again making headlines with his latest venture. Reports have surfaced indicating that the brand Rhode, backed by De Giglio and fronted by Hailey Bieber, is considering a […]
LVMH Announces Finalists for 2025 Prize for Young Designers
LVMH Announces Finalists for 2025 Prize for Young Designers The prestigious LVMH Prize for Young Designers has been a beacon of support for emerging talent in the fashion industry, and this year is no exception. With the final event set to take place on September 3rd, the anticipation is building as the world eagerly awaits […]