Airstar Avenue Incheon airport

The world’s first Louis Vuitton airport store

Shilla Duty Free has struck a landmark agreement to open the world’s first Louis Vuitton airport store, at Incheon International Airport. The luxury brand has traditionally rejected the airport retailing channel – though it is present in downtown travel retail through selected Gallerias run by fellow LVMH subsidiary DFS, and through high-class Korean retailers such [...]

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Hermes rejects LVMH foray, luxury battle in offing

Hermes rejected on Wednesday “an attack” on its capital by luxury goods giant LVMH, sounding the start of what could become a bitter battle for control of one of France’s most iconic brands. The head of LVMH, Bernard Arnault announced he had bought 17 percent of his rival Hermes, insisting that this does not herald [...]

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LVMH Takes Minority Stake in Hermès

Luxury conglomerate LVMH said Saturday it had taken a 14.2 percent stake in Hermes but denied it wanted to take over the French luxury goods firm. The company controlled by French businessman Bernard Arnault said it wanted to boost the stake to 17.1 percent at a total cost of 1.45 billion euros (two billion dollars) [...]

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Edun’s Bono and Ali Hewson in Louis Vuitton Ad

Bono and and his wife Ali Hewson star in the newest of Louis Vuitton’s “core values” ads shot by Annie Leibovitz. The couple, who were shot in South Africa, wear clothing by Edun, Hewson’s sustainable fashion line. in which LVMH took a 49 percent stake last year. it’s the first time the U2 front man [...]

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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 [...]

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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 [...]

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