Trump’s Tariffs Hit European Luxury Industry, Shares Tank The recent announcement by President Trump recommending the imposition of 50 percent tariffs on all goods from the European Union starting June 1 has sent shockwaves through the European luxury industry. Stocks of renowned luxury groups such as LVMH and Hermès took a hit following the news, […]
LVMH Relinquishes Place Among Europe’s Top Five Biggest Stocks
LVMH Relinquishes Place Among Europe’s Top Five Biggest Stocks LVMH, the luxury goods giant based in France, has long been a prominent player in the European stock market. However, recent developments have seen the conglomerate’s position among the top five biggest stocks in Europe falter. The company’s shares experienced a notable decline of 3 percent […]
LVMH Said to Signal Continued Weakness on China Woes
LVMH Signals Continued Weakness in Q3 Due to Soft Demand in China The French luxury powerhouse, LVMH, is facing challenges in the third quarter as it grapples with subdued demand, especially in the crucial market of China. According to sources familiar with the matter who spoke to Bloomberg, the company is cautioning investors and analysts […]
LVMH Shares Have Lost Their Lustre
LVMH Shares Have Lost Their Lustre LVMH, the behemoth in the luxury goods sector, is currently facing a challenging period as its stock market valuation languishes at the bottom of its five-year range. Despite this downturn, investors have not been enticed back to the table, raising questions about the future trajectory of the luxury giant. […]
Alexandre Arnault’s Moët Hennessy Test
Alexandre Arnault’s Moët Hennessy Test The world of luxury goods is a battleground where only the strongest and most innovative survive. Alexandre Arnault, the former Tiffany executive and son of Bernard Arnault, finds himself at the forefront of this battlefield as he takes on the challenge of reviving LVMH’s prestigious Moët Hennessy drinks business. His […]
LVMH’s Moët Hennessy to Cut Workforce by 10%, FT Reports
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 […]