Tag Archives: LVMH

Champagne corks popping again in luxury business

Champagne corks are popping again in the luxury business as “It” bags and expensive watches this year sell like hotcakes from Beijing to New York, signalling the turning of a page after the global financial crisis.

As the owner of Gucci and Yves Saint Laurent, French luxury goods giant PPR, on Friday joined a string of high-end brands reporting ballooning 2010 profits, firms and consultants predicted rosy days ahead for luxury goods.

“The recession’s starting to look like an old memory for the luxury industry,” said analyst Matthew Curtin, quoted by Dow Jones Newswires.

PPR chief executive Francois-Henri Pinault said of the group’s doubled first half net profits, “very good results … in an economic environment that remains hesitant.”
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Louis Vuitton opens first Lebanon store

French luxury designer Louis Vuitton opened its first boutique in the Lebanese capital Beirut on Thursday.

“For many years, the maison has maintained strong relations with Lebanese clientele and is proud to reiterate its engagement by offering a new store which respects the Beirutis’ heritage and patrimony,” said brand executive manager Yves Carcelle at the opening, which was attended by Prime Minister Saad Hariri.

Louis Vuitton commissioned local artist Marwan Rechmaoui to construct a special installation depicting images of Beirut for its storefronts.
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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 owners of the Auchan supermarket chain. Mulliez was still in second place with a fortune estimated at 19 billion euros.
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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 painful 8.0 percent decline in 2009, according to the consulting firm Bain & Company.
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Karl lagerfeld coca cola light bottles

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 Blanc.

2 РHerm̬s Launches Fine Jewelry Collection

Hermès has now made a striking entry into the world of fine jewelry with an exclusive collection designed by famous accessories designer Pierre Hardy.

3 – Ferrari takes wraps off new 599 GTO

According to Ferrari, the new 599 GTO, which will be introduced to the world at the 2010 Beijing Motor Show, is the fastest Ferrari street car ever.

4 – Cartier And America Exhibition

The Cartier and America exhibition, organized by the Fine Arts Museums of San Francisco and Cartier, has been extended until May 9.

5 – Hullett House celebrates Hong Kong’s heritage

Surrounded by some of Hong Kong’s swankiest shops, Hullett House is one of Hong Kong’s most exclusive hotels.

6 – Rare blue diamond auctioned in Hong Kong for $6.4 mn

A rare and flawless blue 5.16 carat diamond has been sold for $6.4m at an auction in Hong Kong.

7 – New York City’s Trump SoHo Hotel to open April 2010

When Trump SoHo New York opens in February of 2010, the 46-story glass tower will lend a new perspective on luxury hotels in downtown Manhattan and SoHo.

8 – Atreides Luxury Yacht With Retractable Pool

The Atreides Luxury Yacht, designed by Serbian designer Vuk Dragovic, has a retractable pool to safely enjoy water sports while boating.

9 – Montblanc Releases Bespoke Anti-Signature Fraud Ink

Earlier this week, Montblanc launched the groundbreaking personal code ink, which features a botanical ingredient that prevents the falsification of signatures.

10 – Karl Lagerfeld dresses the Coca-Cola Light bottle

Coca-Cola Light has teamed up with Karl Lagerfeld to design a limited edition box set.

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 into a complex of shops, flats, offices and a hotel.

The store, once the biggest in Paris in terms of floor space, occupies a prime site overlooking the Seine river in central Paris.
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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 vineyard, are currently being built in Oman and Egypt and are proposed to open in 2012.

The Maison Cheval Blanc in Oman is on the 11 square- kilometer island of Al Sodah and includes 32 private villas, LVMH said.
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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 proper launch, the new web destination has been running a special story each day, including sneak peeks behind the scenes at Dior or recent New Generation winner Peter Pilotto.
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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 of the crisis could be over for the sector.

After announcing that annual profits fell 13 percent to 1.7 billion euros (2.3 billion dollars), LVMH chief executive Bernard Arnault said he was pleased with “record” sales figures for December, which he said would “grow in January”.
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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. investment bank JP Morgan and a further £2million as an adviser with the finance firm Zurich.
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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 in 1998 for a reported €155m.
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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 and jewelry sector posted 73 percent drop in profit, and wines and spirits sectors fell 41 percent.
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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 country’s tradition of luxury chauffeurs, bigger than sports driving, made expansion there a challenge.
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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 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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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 partners in the developing world.
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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 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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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 a cultural element. The French Confederation of Christian Workers, or CFTC, and a federation of clothing and accessories vendors filed a complaint against the retailer.


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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 presences“.

According to The luxe chronicles, there might be another reason : Despite having the kind of unprecedented access to some of the most desirable luxury and fashion merchandise in the world and the kind of financial heft and expertise only a luxury empire of LVMH’s magnitude can deploy, they never became the premiere destination for online luxury shopping they were once destined to become.


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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 of top-level champagne labels in the stable of LVMH. Montaudon will team up with LVMH’s existing portfolio of champagne brands: Dom Perignon, Moet & Chandon, Veuve Clicquot, Ponsardin, Krug, Ruinart and Mercier.
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