LVMH Chief Bernard Arnault Is France’s Richest Man

LVMH CEO Bernard Arnault, the man behind some of the world’s top luxury labels, has been officially named France’s richest man. Arnault’s fortune is estimated at 22.7 billion euros, ($28.6 billion) following a 55% increase in his net worth weekly magazine Challenges reported. Arnault took over the top slot from Gerard Mulliez and family, the … Continued

Luxury market rebounding

The luxury goods market is rebounding from the slump caused by the global recession, but analysts say upscale sellers will be facing a hard slog due to changing demographics and lingering consumer caution. Global luxury goods industry sales are expected to grow four percent in 2010 to 158 billion euros (195 billion dollars) after a … Continued

Top 10 Posts – Week In Review: April 5-12

In case you missed them the first time around, here are some of LUXUO’s top posts for the week of April 5-12. 1 – Louis Vuitton Parent LVMH to Launch Luxury Hotels Luxury goods giant LVMH Moet Hennessy Louis Vuitton Thursday said it is creating a high-end hotel management business that will be branded Cheval … Continued

LVMH Chooses SANAA for La Samaritaine Project

Japanese architecture firm Sanaa, winners of the prestigious Pritzker prize, will plan the conversion of iconic Parisian department store La Samaritaine to other uses, owners LVMH said in a statement. The firm, founded by Kazuyo Sejima and Ryue Nishizawa, is to present plans by the end of the year for converting the art deco building … Continued

LVMH To Launch Luxury Hotels

Ultra-luxury hoteliers can expect new competition from French luxury goods company LVMH Moet Hennessy Louis Vuitton, the Wall Street Journal reports. LVMH also said it created LVMH Hotel Management to “oversee the group’s activities in the luxury hotel sector” and to “maximise the value of its brands,”. Two new hotels, named Cheval Blanc after LVMH’s … Continued

eLuxury relaunches February 25

Former online shopping portal eLuxury, which closed last year, has been transformed into a web magazine called Nowness, officially launching Feb 25. 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. In the run-up to its … Continued

Chinese sales boosts luxury goods market in 2009

Despite the economic crisis, 2009 ended better than it began for the French luxury goods sector, thanks largely to China’s growing taste for high-end products, encouraging thoughts of a better 2010. Following the trend set by other global luxury brands, Hermes and LVMH announced fourth quarter sales growth on Thursday and Friday, suggesting the worst … Continued

Tony Blair For Louis Vuitton?

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 £2.5m from the U.S. … Continued

eLuxury to be relaunched in 2010

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 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 … Continued

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 … Continued

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 … Continued

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 … Continued

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 … Continued

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 … Continued

Louis Vuitton opens Champs-Elysees store Sunday amid legal battle

Louis Vuitton opened its Champs-Elysees store Sunday amid an ongoing national battle over the supposed day of rest. French law only allows retailers that sell sporting, recreational, leisure and culture items in heavily trafficked tourist areas to open Sunday. The law is aimed to support “dominical rest.” Louis Vuitton has argued that the store features … Continued

ELuxury.com to Shutter Retail Operation

An article in WWD last week said that LVMH will be closing down the retail operations of eLuxury over the next six months. They are going to make it into an online magazine focusing on the “world of luxury”. The official reason is “(…) because many of the brands it sells have developed their own online … Continued

LVMH Buys Montaudon Champagne

Most people buy a few bottles of bubbly for Christmas; Bernard Arnault has bought himself another champagne brand ! The Moet Hennessy wines and spirits unit of LVMH, the world’s biggest luxury goods group, has bought the Montaudon champagne house for an undisclosed amount, LVMH said on Friday. The acquisition brings to eight, the number … Continued

Champagne Krug “On My Own Terms”

Renowned French champagne house Krug, part of the LVMH luxury empire, is coming out with a new bespoke offering in time for the holidays. Called Krug ‘On My Own Terms’, the luxe case can be ordered with a personalized plaque in either metal, mirror, or saddle leather bearing the Champagne Krug coat of arms and … Continued

LV : The World’s Most Counterfeited Fashion Brand

Internationally renowned and highly regarded for name recognition in the fashion world, as a result LV has become one of the most counterfeited contemporary luxury brands. In fact, according to LV, just over 1% of the items bearing the trademark LV monogram would be authentic (Wikipedia) !!! Ironically, the signature Monogram Canvas was created to … Continued