Hermes said Tuesday that it has filed a legal complaint over the manner in which luxury giant and rival LVMH bought a stake in the company in 2010.
L Capital, LVMH’s private equity arm, is in talks with leading Indian designers to create an Indian luxury house in the mould of Paris-based luxury goods company LVMH.
LVMH has opened a Louis Vuitton jewelry store on Paris’s Place Vendome, in an effort to expand the brand’s image within in the global luxury jewelry market.
World largest luxury group LVMH has opened its brand new hotel WHITE 1921 in Saint Tropez, which will be operated by LVMH Hotel Management.
French luxury giant LVMH Moet Hennessy Louis Vuitton Thursday said it bought fashion house Arnys, which makes clothes and accessories for men.
Louis Vuitton is the world’s most valuable luxury brand for the seventh consecutive year according to Millward Brown Optimor’s 2012 BrandZ study.
French fashion powerhouse Dior has named Raf Simons as chief designer to succeed John Galliano who was fired more than a year ago for racist outbursts. The 44-year-old Belgian, who started out designing furniture, will be responsible for Haute Couture, Ready-to-Wear and Women’s Accessories. He will premiere his first Christian Dior Haute Couture collection in … Continued
French luxury goods conglomerate LVMH – Louis Vuitton Moet Hennessy has paid US$200 million for a 10 per cent stake in Chinese fashion brand Ochirly. The buyout gives L Capital, LVMH’s private equity arm, to hold a direct stake in the family-owned Ochirly which has total value of US$2 billion. The investment gives L Capital … Continued
LVMH Group’s yacht-building firm Princess has announced formal entry into India and is aiming to sell up to five luxury boats in the next year. Smallest of these yachts cost INR40million ($790,000) while at the higher end, the price can go up to INR300million ($6,000,000). “We will sell four to five yachts in the next … Continued
Much has been speculated ever since Dior’s creative head John Galliano fell from grace due to an anti-Semitism scandal five months ago. Everyone from Azzedine Alaia to Givenchy’s Riccardo Tisci has been named as a potential replacement in the process. But when respected trade publication Women’s Wear Daily adds water to the rumor mill, it … Continued
Rappers’ fascination with luxury brands is far from dying down: following this summer’s surprise hit “Gucci Gucci” by Kreayshawn, it is Soulja Boy who is expressing his fashion love with an EP dedicated to Bernard Arnault. Soulja Boy has turned his attention to Arnault’s signature brand Louis Vuitton, offering lyrics such as: “It don’t make … Continued
LVMH on Tuesday announced the appointment of Humberto Leon and Carol Lim as artistic directors of the ready-to-wear label Kenzo with immediate effect. They replace Sardinian designer Antonio Marras, who has held the post for eight years and who shows his own name label in Milan, “After eight successful years, LVMH and Antonio Marras have … Continued
Louis Vuitton Moët Hennessy has announced open days at their European artisan workshops, ateliers, and vineyards for two days in October. WWD reports that on the 15th and 16th of the month, the public will be able to experience what happens behind the doors of the luxury conglomerate’s brands that include fashion houses Louis Vuitton, … Continued
Moet Hennessy, the wine and spirits arm of LVMH luxury group, said Thursday it was planting its first vineyard in China to produce a premium sparkling wine. The 66-hectare (163-acre) vineyard will be planted as a joint venture with the publicly-owned agricultural development firm of the Ningxia Hui autonomous region in northwestern China. The maker … Continued
Louis Vuitton is the world’s most valuable luxury brand for the sixth consecutive year according to Millward Brown Optimor’s 2011 BrandZ study. The brand, owned by Paris-based LVMH Moet Hennessy Louis Vuitton, has a value of $24.3 billion, an increase of 23 percent from 2010. That’s almost as much as the combined values of Hermes, … Continued
Watchmakers gave upbeat forecasts for 2011 at the industry’s largest fair on Wednesday, although the deadly earthquake which hit key luxury consuming country Japan and Arab uprisings cast shadows over the expectations. Industry giants including Swatch and LVMH have all posted strong recoveries over 2010 and they are expecting the recovery to continue in 2011. … Continued
LVMH Moet Hennessy Louis Vuitton SA, the world’s largest maker of luxury goods, seems to be having an inspirational spring shopping time. Just one week after sealing the deal to acquire Italian jewelry house Bulgari, LVMH joins the race for the celebrities’ shoemaker, Jimmy Choo. As Sunday Times reported this weekend, the shoe brand, founded … Continued
Marc Jacobs spends a lot of time on the road, so what better theme for his fall-winter collection for Louis Vuitton than the goings-on inside a grand old hotel? To the sound of elevators arriving, uniformed bellboys opened wrought-iron doors for models stepping out in tongue-and-cheek outfits inspired by, among other things, porn films from … Continued
LVMH acquired UK-based yacht builder Princess Yachts in 2008 and they are now entering the superyacht sector with the launch of the first of their M class vessels. The first model in the series, the 32M, was unveiled at the London Boat Show in January 2011. It is also the first craft truly worthy of … Continued
French luxury group LVMH has agreed to buy Rome-based jeweler Bulgari SpA in a cash-and-shares deal worth euro4.3 billion ($6 billion). The deal will see Bulgari’s founding family become the second largest family shareholders in LVMH behind that of Chief Executive Bernard Arnault. LVMH also announced a tender offer of 12.25 euros per share to … Continued