A jewellery heist at Bulgari’s flagship boutique on Place Vendôme in Paris saw a gang make off with approximately 10 million euros on Tuesday. Armed and suited, the men succeeded at robbing the Italian luxury house in broad daylight, using a grey BMW as a getaway car and two scooters for distraction. All persons were later caught by police. In...
Sep 8, 2021
London-based designer Nensi Dojaka has been announced as the winner of this year’s LVMH Prize for Young Designers, receiving a 300,000 euro grant as well as a year-long mentorship programme hosted by LVMH executives. Known for her complex mini-dresses and organza designs, the Albanian designer was selected based on future potential, with a group...
Sep 7, 2021
Bernard Arnault, the French luxury goods billionaire, has divested his stake in Carrefour, just as the giant retail chain is yielding results. Arnault first invested in Carrefour with US private equity firm Colony Capital LLC, according to Edge Markets, which saw France’s wealthiest person secure a seat on the board and pushed for the retailer’s...
Sep 1, 2021
The International Fur Federation, which represents and regulates the global fur sector, has unveiled Furmark, a comprehensive global certification and traceability system that guarantees animal welfare and environmental standards. Described as a “game-changer” for the fur sector, Furmark will offer QR-coded swing tags that map the history of a...
Farfetch, the British-Portuguese online luxury fashion retail platform that sells products from over 700 boutiques and global brands, saw revenue increase 43 percent in the second quarter of 2021. Gross merchandise value was up 40 percent, doubling over the same period last year to 1 billion dollars. “I am truly impressed with the resilience of...
Aug 20, 2021
Camille Miceli is reportedly the new creative director of Emilio Pucci. The experienced artistic director has previously worked for Dior as a consultant for leather goods, after working a number of years for iconic fashion houses Chanel and Azzedine Alaïa. The role will replace her current position as creative director of accessories at Louis...
Aug 10, 2021
Louis Vuitton is celebrating 200 years of its founder with a new video game, novel and television series. Born in the small French town of Lons-le-Saunier on 4 August 1821, Vuitton moved to Paris where he officially founded the maison in 1854. The main character of the game is Vivienne, an LV mascot, who is on a quest to find 200 birthday...
Aug 2, 2021
There are no ladies clad in gowns, adorned in haute jewellery, featured in the current – and controversial – Tiffany & Co campaign. Models styled in double denim (less downtown Sex and the City and more Lower East Side grunge) are accessorised with bold linked chains, chunky silver cuffs and pearls. So far so ordinary. Except the byline, Not...
Jul 29, 2021
Amongst latest efforts conducted by LVMH to solidify their dominance in the luxury space, Bernard Arnault’s emporium has just announced the acquisition of a majority stake (60 percent) in Etro through their investment company L Catterton. The acquisition is expected to be completed by the end of this year. Just days apart, LVMH was making it...
Jul 27, 2021
LVMH Moët Hennessy Louis Vuitton recorded revenue of 28.7 billion euros in the first half of 2021, up 56 percent compared to the same period in 2020. The company said in a statement that organic revenue growth was 53 percent compared to 2020 and 11 percent compared to 2019 reflecting accelerated growth in the second quarter, which saw organic...
LVMH is adding Off-White to its portfolio of brands after the French luxury house agreed on Tuesday to take a 60 percent stake in Off-White LLC. The Milan-based New Guards Group, the license holder of the brand, will remain an operational partner. Founder Virgil Abloh will remain in his role as creative director, in addition to his contractual...
Jul 20, 2021
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