LVMH buys 50% share in Chateau Cheval Blanc

chateau cheval blanc 468x312 LVMH buys 50% share in Chateau Cheval Blanc

LVMH has bought a 50% stake in St-Emilion’s Château Cheval Blanc from its billionaire chairman and controlling shareholder, Bernard Arnault.

However financial terms were not disclosed in the release, which pointedly failed to mention that LVMH was acquiring the Bordeaux wine from Arnault.

Arnault, reputedly France’s richest man, bought Cheval-Blanc with Belgian businessman Albert Frère in 1998 for a reported €155m.
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Posted in Wine Champagne and Spirits
French luxury group LVMH sees profit drop

lv store1 468x345 French luxury group LVMH sees profit dropFrance’s LVMH, the world’s biggest luxury group, on Monday reported a 23% profit drop for the first six months of 2009 to €687 million ($977 million).

But the company’s turnover edged up 0.2% from the same time last year to €7.81 billion ($11.1 billion) despite a sharp drop in sales of drinks and jewellery.

Watches and jewelry sector posted 73 percent drop in profit, and wines and spirits sectors fell 41 percent.
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Posted in Luxury Trends
China’s luxury market can be tough to crack

e5a5a2e4be88e59381lv 468x332 Chinas luxury market can be tough to crackChina may become the world’s biggest luxury market in some years but cultural challenges to win customers’ hearts for certain types of products remain, industry executives said this week.

Champagne house Taittinger said it could make high-end sparkling wine in China but the market was not ready for it yet…

… while Lamborghini said the country’s tradition of luxury chauffeurs, bigger than sports driving, made expansion there a challenge.
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Posted in Luxury Trends
Google Opens up Brand Name Bidding

google beta 468x234 Google Opens up Brand Name Bidding

Beginning June 15, 2009, Google is relaxing its policy on use of trademarks in ad copy text.

In the past, Google has restricted the use of brand names in ad text and was willing to take action to prevent it which allowed you to authorize specific resellers to use your brand while restricting the remainder of the market.

Now Google will allow previously disapproved ads to run on Google.com and the content network in the USA, without the need for approval by the trademark owner.
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Posted in Fashion
LVMH Invests In Bono’s Clothing Line

bono edun1 468x337 LVMH Invests In Bonos Clothing Line

LVMH, the world’s leading luxury products group has completed a minority investment in Edun, the ethical fashion company owned by Ali Hewson and her husband Bono, U2 lead singer and activist.

Edun is a brand of socially conscious fashion for men and women.

The Company’s mission is to create beautiful clothing and sustainable trade with partners in the developing world.
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Posted in Fashion
LVMH denies Moët Hennessy sale reports

cognac 468x290 LVMH denies Moët Hennessy sale reports

Luxury goods group LVMH Moët Hennessy-Louis Vuitton has denied it is in negotiations to sell wines and spirits division Moët Hennessy.

A report in the Daily Telegraph newspaper suggested that liquor company Diageo was considering a €12bn ($15.5bn) takeover of LVMH’s drinks arm, which includes brands such as Dom Pérignon, Moët & Chandon, Krug and Veuve Clicquot champagnes, Hennessy cognac and Glenmorangie Scotch whisky.

Diageo’s links with LVMH go back 22 years, when Guinness - one of the groups which went to create Diageo - struck up a joint venture.
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Posted in Wine Champagne and Spirits

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