There are brands. And then, there are luxury brands. What’s the difference between them? It’s hard to put into words, but easy to experience and feel. Anyone who has carried a decadent Louis Vuitton bag or donned a spectacular Dior necklace knows the answer. Indeed, luxury brands aren’t just labels: they’re signatures of … Read more
2018 was an excellent year for Kering and its Houses especially for Gucci and Saint Laurent. The luxury group also announced a strong momentum at Kering’s Other Houses (up 32.1% on a comparable basis), powered by Balenciaga and Alexander McQueen. Consolidated 2018 revenue amounted to €13,665.2 million, up 26.3% as reported and 29.4% on a … Read more
Sales fall 8% while debts from department store collapse and fewer tourists add to losses
The world’s leading luxury products group, recorded revenue of €21.8 billion in the first half of 2018, an increase of 10%. LVMH reports strong growth in Asia and the United States, a good start to the year for Wines and Spirits, excellent performance of Bvlgari, and a good performance of watch brands. LVMH Moët Hennessy … Read more
Piquadro acquires Richemont-owned Lancel International. Professional and travel leather goods group Piquadro announced the acquisition of the entire share capital of Lancel International – the luxury leather goods brand owned by Richemont, the Swiss luxury goods group which also owns Cartier, Van Cleef & Arpels, and Dunhill. The brands Richemont owns include A. Lange & Söhne, … Read more
World’s leading luxury products group reports good growth in Europe, Asia and the United States; LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €19.7 billion in the first half of 2017, an increase of 15%. Organic revenue growth was 12% compared to the same period in 2016. All geographic … Read more