LVMH Moët Hennessy Louis Vuitton luxury group announced “Excellent Performance” in 2015, record revenue and operating profit. In an uncertain economic environment, the giant luxury conglomerate can rely on the desirability of its brands and the agility of their teams to further strengthen in 2016 the leadership in the world of high quality products. The … Read more
LVMH taking a minority stake in the Italian jeweller Repossi. LVMH luxury group and Italian jeweller Repossi have decided to partner in order to enable Repossi to develop its distribution network whilst benefitting from the managerial know-how of the world’s leading luxury products Group. LVMH will be taking a minority stake in Repossi. LVMH Moët … Read more
All businesses must prepare for and combat the effects of climate change. The implications of the climate change on the luxury fashion. Report Kering, the Luxury group, and BSR (Business for Social Responsibility), the global non-profit business network and consultancy dedicated to sustainability, published a pivotal report on climate change for the fashion industry. According … Read more
Kering’s third-quarter 2015 revenue published last week shows sustained 15% growth in the first nine months. Kering posted revenue of €2,895 million in the third quarter of 2015, up 12.0% on the third quarter of 2014 as reported and up 3.1% on a comparable Group structure and exchange rate basis, in line with the 2015 … Read more
Balenciaga Maison welcomes Demna Gvasalia as artistic director. 34-year-old German national of Georgian origin Demna Gvasalia is the new new artistic director of Balenciaga’s collections, announced Kering luxury Group, Balenciaga’s owner. Demna Gvasalia will take creative responsibility for the brand’s collections and the image of the maison. He will present his first collection for the … Read more
LVMH and Google join forces to fight fakes and commit to innovate for a more engaging Internet. In a joint effort to develop new ways of engaging consumers online, LVMH luxury group and Internet search engine Google have agreed to work together to fight the sale of counterfeit luxury goods online. This agreement ends 10 … Read more