Former U.K. prime minister Tony Blair is set to take on a highly-paid advisory role at at luxury goods group LVMH. Blair is understood to be in the final stages of negotiating a six-figure pay package at the group, which is owned by France’s richest man Bernard Arnault. Blair already gets Â£2.5m from the U.S. [...]
Former online shopping portal eLuxury, has been transformed into a web magazine called Nowness, due to be up and running by beginning of January. According to the site’s owner, French luxe conglomerate LVMH, Nowness will be covering the fields of fashion, art, design, culture, travel, beauty, food and wine, music, and entertainment.
LVMH has bought a 50% stake in St-Emilionâ€™s ChÃ¢teau 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 Franceâ€™s richest man, bought Cheval-Blanc with Belgian businessman Albert FrÃ¨re [...]
France’s LVMH, the world’s biggest luxury group, on Monday reported a 23% profit drop for the first six months of 2009 to â‚¬687 million ($977 million). But the company’s turnover edged up 0.2% from the same time last year to â‚¬7.81 billion ($11.1 billion) despite a sharp drop in sales of drinks and jewellery. Watches [...]
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 [...]
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 [...]