LVMH news and archive

LVMH Prize opens applications for 2021 edition

The LVMH Prize for Young Fashion Designers, created by the French luxury conglomerate, has launched its eighth edition, following the cancellation of last year’s final due to Covid-19. The competition has opened applications for the 2021 edition and is calling on young international designers, under 40 years and have presented and sold at two...

Jan 12, 2021

Business

LVMH completes the acquisition of Tiffany and Co.

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE, has confirmed it has completed the acquisition of US jeweller, Tiffany and Co., and announced a new senior leadership team. In a statement, LVMH said that the acquisition of what it calls an “iconic” jeweller will “deeply transform” its watches and jewellery division and complement its 75...

Jan 7, 2021

People

ANDAM Prize adds Hermès, Kering and LVMH to board

French fashion prize ANDAM has added Hermès executive vice president Guillaume de Seynes, Kering group managing director Jean-François Palus and LVMH fashion group chairman and chief executive officer Sidney Toledano to its board of directors. The three luxury sector heavyweights join ten representatives from public and private sectors of key...

Jan 7, 2021

Business

Tiffany shareholders approve LVMH offer

After months of back and forth, legal complications, stalemates, a global pandemic, Tiffany & Co.’s shareholders approved a 15.8 billion dollar deal with luxury conglomerate LVMH. At a virtual stakeholder meeting, 99 percent of votes were cast in favor of the deal where LVMH would acquire Tiffany & Co. LVMH made an offer for Tiffany & Co. at the...

Dec 30, 2020

People

LVMH adds luxury brands Fendi and Loro Piana to Andrea Guerra’s responsibilities

French luxury group LVMH has expanded Andrea Guerra’s role: Made CEO for hospitality excellence in February of this year, which includes the Cheval Blanc and Belmont hotels, the 55-year-old will also oversee the businesses of luxury brands Fendi and Loro Piana from January 2021. While the hospitality division will remain Guerra’s focus, he is...

Dec 22, 2020

People

Billionaire retail magnates see fortunes soar during pandemic

A new report by Americans for Tax Fairness shows the collective wealth of America’s 651 billionaires has soared to over 4 trillion dollars since the beginning of the pandemic. To put that into perspective, their increase in fortunes since March is greater than the 908 billion dollars of pandemic relief proposed by the U.S. government. Retail...

Dec 20, 2020

Report

LVMH reportedly puts Pink Shirtmaker up for sale

British brand Pink Shirtmaker has reportedly been put up for sale by owner LVMH after demand for office wear plummeted in the past year due to the pandemic. The brand’s stores, websites and social media have all been shut and LVMH is now seeking bidders for the brand, The Evening Standard reports. Potential suitors are understood to have been...

Dec 14, 2020

Fashion

Kering Group Houses continue Covid-19 support as pandemic rages on

For all the havoc Covid-19 has caused around the world, the fashion industry pulled together to offer relief efforts, demonstrating they can be a force for good as much as change. Smaller businesses pivoted to manufacture face masks or donated a portion of profits to local communities. Others, like conglomerate Kering, provided millions of euros...

Dec 9, 2020

People

LVMH group president for China joins Cosmose board

Cosmose, the offline retail tech platform, has announced that Andrew Wu, LVMH group president for Greater China is joining its board. Wu, who has overseen more than 60 fashion and luxury brands, will bring his knowledge and experience to Cosmose, with a focus on improving its strategic development in the global luxury market, explained the tech...

Dec 9, 2020

People

Ian Rogers leaves chief digital officer role at LVMH

Ian Rogers, LVMH”s chief digital officer, will be transitioning into an advisory role at the company. The C-suite executive will be joining Ledger, a Paris-based tech start-up. He will be the company’s chief experience officer. Ledger, founded in 2014, protects digital assets like cryptocurrency. Rogers will be responsible for overseeing the...

Nov 30, 2020

Report

LVMH names Chris de Lapuente new CEO of Selective Retailing

LVMH has named Chris de Lapuente as the new chairman and CEO of the French luxury giant’s Selective Retailing division, effective January. De Lapuente joined LVMH in 2011 as CEO of Sephora, which he led until September 2020. He currently oversees Sephora and Le Bon Marché group, as well as the perfume and cosmetics activity of the group. In his...

Nov 30, 2020

Report

LVMH appoints Anne de Vergeron as CEO of Repossi

LVMH has named Anne de Vergeron as the new CEO of its jewelry brand Repossi. Vergeron, who was already a board member of the jeweler, has worked at LVMH since 2015 as group director of business development and led the French luxury conglomerate's acquisition of Repossi five years ago. Prior to joining LVMH, she spent 16 years at investment bank...

Nov 24, 2020