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 …
Richemont
Luxury group in sights of LVMH’S Arnault?
By AFP Published Jul 17, 2024 The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South …
Tiffany’s staff exits test LVMH’s turnaround playbook
By Bloomberg Published Jul 22, 2024 LVMH’s $16 billion purchase of Tiffany & Co. transformed the luxury goods powerhouse into one of the biggest jewelry sellers in the world. Three …
Arnault said to have bought stake in Cartier owner Richemont
By Bloomberg Published Jun 25, 2024 Bernard Arnault has taken a personal equity stake in Cartier parent company Richemont, according to people familiar with the French billionaire’s investments. See catwalkAz …
Yoox Net-A-Porter exits China – report
As luxury giant Richemont continues to seek a long-term solution for its underperforming Yoox Net-A-Porter (YNAP) business, a report has said that the online operation is exiting China to focus …
Richemont’s Online Luxury Retailer Net-A-Porter to Exit China
By Bloomberg Published Jun 14, 2024 Richemont’s luxury e-commerce platform Yoox Net-A-Porter is pulling out of China, as weak consumer spending puts increasing strain on high-end brands’ operations in the …
Swatch shakes up executive committee as luxury slowdown persists
By Bloomberg Published Jun 13, 2024 Swatch Group AG is shaking up its executive management committee just months after the watch and jewelery maker faced investor calls for improved corporate …
Louis Vuitton, Hermès, Chanel lead luxury labels’ brand-value ranking
Translated by Nicola Mira Published Jun 13, 2024 The 2024 edition of the Kantar BrandZ ranking of the world’s 100 most powerful brands* has confirmed the solidity of France’s leading …
Pitti Uomo, Milan Fashion Week Men herald highly international line-up
After London Fashion Week, Italy will become the home of menswear from Tuesday June 11. The men’s fashion marathon for Spring/Summer 2025 will continue first in Florence, with the Pitti …
OTB to equip Jil Sander, Marni, Maison Margiela products with digital authenticity certificate
Translated by Nicola Mira Published Jun 5, 2024 Italian fashion group OTB is set to make the supply chain of all the products commercialised by its leading luxury labels fully …