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 …
Van Cleef & Arpels
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 …
Counterfeit Designer Goods Seizure in Palm Beach Increased to $3.4 Million
After initially estimating the market value of the counterfeit designer goods that were seized in two Palm Beach boutiques was nearly $2 million, investigators have increased that figure to $3.4 …
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 …
Cartier, LVMH look to stores outside Paris for Olympic retail boost
By Reuters Published May 21, 2024 Luxury retailers in European cities outside France are jockeying for business from deep pocketed tourists this summer, betting on a surge in visitors avoiding …
Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms
Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) …
Watches of Switzerland Group to buy Roberto Coin’s US ops
Italian jewellers are clearly in fashion. Just a day after Richemont announced it’s buying Vhernier, UK-based Watches of Switzerland Group had its own big news — it’s buying Roberto Coin …
Richemont adds to jewellery portfolio with Vhernier buy
Swiss luxury giant Richemont announced on Tuesday that it has reached an agreement to acquire 100% of Vhernier S.p.A., the Italian jewellery house, in a private transaction. Vhernier Forty-year-old Vhernier …