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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 [...]

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French luxury group LVMH sees profit drop

France’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 [...]

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China’s luxury market can be tough to crack

China 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 [...]

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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 [...]

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LVMH Invests In Bono’s 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 [...]

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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 [...]

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