LVMH news and archive

Is Hedi Slimane exiting Celine?

Since the beginning of April, speculation has been rife regarding the potential departure of Hedi Slimane from Celine and LVMH. Mr. Slimane assumed the role of Celine’s creative director in January 2018, purportedly under a six-year contract. This contract came up for renewal early in 2024, and despite ongoing negotiations, no announcement...

Fashion

LVMH exports more luxury products than France does wine

LVMH's global sales of handbags and perfumes exceeded the combined value of all wine and camembert cheese exported by France's agricultural sector, highlighting the luxury sector's importance to the country's trade balance. A study by consultancy firm Asterès for LVMH, as reported by the Financial Times, revealed that the French luxury...

People

Two more of Bernard Arnault's sons join LVMH board

Two sons of the world's richest man Bernard Arnault on Thursday joined the board of LVMH after a shareholder vote, further cementing the family's control on the French luxury goods giant. The pair joined their elder siblings on the board of directors of the company, which houses brands such as Dior and Louis Vuitton, meaning four of Bernard...

Fashion Featured

Berluti unveils Team France’s Olympic opening ceremony outfits

With 100 days until the opening ceremony of the Paris 2024 Olympic Games, French luxury menswear fashion house Berluti has unveiled Team France’s outfits designed to embody “true elegance à la française”. The LVMH Moët Hennessy Louis Vuitton-owned brand said it wanted to bring together the “savoir-faire and experience of its artisans to ensure...

Report

LVMH posts Q1 organic revenue growth of 3 percent

LVMH Moët Hennessy Louis Vuitton recorded revenue of 20.7 billion euros in the first quarter, down 2 percent reported, while organic revenue growth was 3 percent. LVMH said in a statement that the company had a good start to the year despite a geopolitical and economic environment that remains uncertain. While Europe and the United States...

Report

Investors brace for luxury slowdown in Q1

Investors are bracing for a notable downturn in luxury sales as companies prepare to release their first-quarter results, reflecting weakened demand from China, reported Reuters. Kering's unexpected forecast of a 10 percent decline in first-quarter sales, contrasting with the 3 percent anticipated by analysts, has already cast a shadow over the...

Culture

Louis Vuitton unveils Fashion Eye United Kingdom at Le Bon Marché, Paris

Louis Vuitton has unveiled its latest addition to the Fashion Eye Collection, showcasing the vibrant spirit of the United Kingdom through the lens of acclaimed photographer Martin Parr. The presentation took place at Le Bon Marché Rive Gauche in Paris as part of the "Mise En Page" event curated by Sarah Andelman, co-founder of the iconic Colette...

Retail

Chanel joins luxury retail battle for Manhattan's Fifth Avenue

The race to acquire luxury real estate is getting hotter as Chanel and Louis Vuitton are bidding for the same building in Manhattan’s prestigious Fifth Avenue retail area. As top-tier luxury brands vie for their space in the world’s most iconic shopping corridors, the building at 745 Fifth Ave and 58th Street is a most prestige location and...

Culture

Louis Vuitton unveils trunks for Olympic and Paralympic Games Paris 2024

Ahead of the Olympic games in Paris this summer, Louis Vuitton, as part of LVMH's Premium Partnership with Paris 2024, has unveiled the Medals Trunks and Torches Trunks specially crafted for the games. In line with the brand’s tradition of handcrafting trunks dating back to 1854, they are designed to house the prestigious medals and safeguard...

ManagementFeatured

LVMH Group managing director steps down after 23 years

Toni Belloni, the right hand man to LVMH boss Bernard Arnault, has announced his departure from his current duties at the luxury fashion giant after 23 years. Belloni most recently served as group managing director and chairman of the executive committee for the LVMH Group, and also held a position of the company’s board of directors, which he...

People

Macron decorates world's richest man Arnault as Beyonce, Musk look on

Paris - France's President Emmanuel Macron decorated the world's richest man Bernard Arnault at a star-studded ceremony that included pop queen Beyonce and tech billionaire Elon Musk, the presidency and a news report said Thursday. Macron awarded Arnault the country's highest honour, the Grand Cross of the Legion d'Honneur, at the event on...

Fashion Featured

Luxury brands are grappling with billions of euros of unsold inventory

The issue of excess inventory is commonly associated with fast fashion and ultra-fast fashion retailers due to their rapid production cycles and the need to constantly introduce new styles. However luxury companies are similarly struggling with substantial amounts of unsold stock, proving the situation is no longer exclusive to the lower end of...