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LVMH Prize 2023: Nine finalists announced

The finalists for the annual LVMH Prize have been announced by the luxury conglomerate. Twenty-two semi-finalists were initially selected from among 2,400 candidates, before that number was further narrowed down to just the nine below: Aaron Esh (UK, menswear); Bettter (Ukraine, womenswear); Burc Akyol (France, womenswear, menswear, and...

Mar 27, 2023

Report

LVMH to propose appointment of Laurent Mignon as new board member

At its next annual general meeting, to be held on April 20, 2023, LVMH Moët Hennessy Louis Vuitton will propose the appointment of Laurent Mignon as new member of the board of directors. Since December 2, 2022, the company said in a statement, Mignon has served as chairman of the executive board of Wendel, one of Europe’s leading listed...

Mar 16, 2023

Fashion |In Pictures Featured

Kim Jones collaborates with Hennessy X.O on exclusive sneakers

British designer Kim Jones, artistic director of men’s collections at Dior and head of womenswear at Fendi, has unveiled his first collaboration with a spirits brand, teaming up with Hennessy X.O cognac on an exclusive three-piece collection. The collaboration marks Hennessy X.O’s first consumer-facing luxury fashion item, combining the spirit...

Mar 13, 2023

People

Tiffany appoints Lauren Santo Domingo as artistic director of Tiffany Home

Luxury jewellery Tiffany & Co has appointed Lauren Santo Domingo as artistic director of the brand’s homeware division. The LVMH-owned company has been undergoing a revamp since its acquisition in 2021, with its first homeware range set to be unveiled this spring. Ms Santo Domingo, a founder of the retail platform Moda Operandi, said in a...

Mar 8, 2023

ManagementFeatured

LVMH announces changes to beauty division, names Stéphane Rinderknech CEO

LVMH has announced the appointment of Stéphane Rinderknech as chairman and chief executive officer of the beauty division, in addition to his current responsibilities as head of LVMH hospitality excellence. Commenting on Rinderknech’s appointment, Bernard Arnault, chairman and chief executive officer of LVMH said: “The appointment of Stéphane...

Mar 7, 2023

BusinessFeatured

L Catterton acquires majority stake in A.P.C.

Private equity firm L Catterton has acquired a majority stake in French casualwear brand A.P.C. The LVMH-backed fund will propel A.P.C.’s international growth, which is current sold in over 70 countries and sees 80 percent of its turnover generated from regions outside France. Best known for its clean styling, denim and leather goods, A.P.C.,...

Mar 2, 2023

BusinessFeatured

Could LVMH be considering a Richemont takeover?

In the world of dominant luxury conglomerates, no move goes unnoticed, particularly when it comes to a clash of competition. This could be true for none other than LVMH, which currently finds itself in the rumour mill after reports stated the group was mulling a takeover of its direct competitor, Richemont. Initially reported by Swiss newspaper...

Feb 27, 2023

Business

Sharing is caring: Hermès pays all employees €4,000 bonus

After a stellar year of growth at Hermès, where sales increased in four consecutive quarters, the Paris-based luxury house is sharing the windfall with its employees. After also upping the dividend for its shareholders with 63 percent, it is one of the company's highest ever payouts. With sales surging more than 20 percent to 11.6 billion euros...

Feb 20, 2023

Fashion |OPINION Featured

Will Pharrell Williams usher in a new era at Louis Vuitton or will it be more of the same?

When Louis Vuitton announced Pharrell Williams is to succeed Virgil Abloh as the new creative director of menswear, it underpinned its new strategy for the French luxury house. By focusing on celebrity, influencers and artists, LVMH is writing a new blueprint to remain the world’s most successful luxury group and growing its 20 billion euro...

Feb 15, 2023

Fashion

Nona Source launches ambassador programme

Nona Source, the luxury resale platform that offers deadstock fabrics and leathers from leading brands for reuse by fashion and design professionals, has launched an ambassador programme to support young emerging designers. The platform, which grew out of LVMH’s DARE intrapreneurial programme, has created ‘The Mindful Creatives Collective’ and...

Feb 15, 2023

Fashion Featured

Phoebe Philo confirms September launch date for debut collection

When Phoebe Philo announced she would return to the fashion industry with a brand under her own name, and financed by LVMH, she already had a three and a half year hiatus. This was July, 2021. That hiatus will have been extended to five years, as Ms Philo on Thursday confirmed the brand’s first collection would be available to purchase from its...

Feb 9, 2023

Fashion |Opinion Featured

Nike and Tiffany paring not so legendary, as collab faces backlash

Tiffany and Nike have launched a new collaboration. Not everyone is enthralled. LVMH has invested heavily in the marketing activations of Tiffany, the American jewellery business it acquired in 2021, in order to give it a modern and international allure. Tiffany’s Executive Vice President of Products and Communication, Alexandre Arnault, son of...

Feb 3, 2023