LVMH shows the luxury sector is in pain
By Bloomberg Published Jul 24, 2024 We’re all drinking less champagne as the world becomes a scarier place. That was the message from LVMH Moet Hennessy Louis Vuitton SE. It underlines …
Moët Hennessy
Luxury stocks fall as Chanel results hint at tougher times ahead
By Bloomberg Published May 22, 2024 Luxury stocks took a hit in Europe Wednesday after Chanel warned that the industry is “entering a more challenging environment” and analysts said they …
Prada CEO not eyeing big acquisitions as brand focus is priority
By Bloomberg Published May 21, 2024 Prada SpA isn’t shopping for major acquisitions right now, Chief Executive Officer Andrea Guerra said, as the Italian fashion house wants to stay focused …
London IPO for Shein would help repair damage from US defections
By Bloomberg Published May 16, 2024 A potential initial public offering from online fashion retailer Shein in London would claw back a chunk of the combined blow the market suffered …
Prada heir says Italian group is open to M&A opportunities
By Bloomberg Published May 7, 2024 Prada is prepared to evaluate acquisitions as candidates arise in the luxury sector, according to Lorenzo Bertelli, heir to the Italian billionaire family. See …
LVMH-backed L Catterton taps barclays, UniCredit for Kiko deal
By Bloomberg Published May 4, 2024 Banks including Barclays Plc and UniCredit SpA are lining up €500 million ($538 million) in debt financing to back L Catterton’s purchase of a …
LVMH strongly denies it’s considering options for Marc Jacobs amid buyer interest
By Bloomberg Published Apr 30, 2024 LVMH Moet Hennessy Louis Vuitton SE isn’t exploring options for its Marc Jacobs fashion brand amid interest from potential buyers. People with knowledge of …
LVMH is considering options for Marc Jacobs amid buyer interest, sources say
By Bloomberg Published Apr 30, 2024 LVMH Moet Hennessy Louis Vuitton SE is exploring options for its Marc Jacobs fashion brand amid interest from potential buyers, people with knowledge of …
Spanish beauty billionaires seek IPO to ward off succession drama
By Bloomberg Published Apr 25, 2024 Over four days of celebrations to mark its centenary in 2014, Spain’s biggest beauty products company inaugurated a new headquarters in Barcelona attended by the Iberian nation’s then Prince …
Hermes defies luxury slowdown with sales jump in china
By Bloomberg Published Apr 25, 2024 Hermes saw Chinese buyers snap up its luxury products as the Kelly bag maker showed its resilience amid a broader slowdown in demand for …