Qatari Investment Fund Could Be Interested in Versace Qatar has used its wealth from oil and natural-gas exports to buy all kinds of assets in safe-haven countries. The investment strategy by the nation’s sovereign-wealth fund includes London luxury store Harrods, luxury hotels in France or luxury brands & real estate. A Qatari investment fund is … Read more
LVMH: 22% Increase in Revenue for the First Nine Months of 2012 LVMH’s Beauty Sales Remain Strong LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €19.9 billion for the first nine months of 2012, an increase of 22% on the comparable period in 2011. After taking into account the … Read more
LVMH stake in Hermes to be examined by French watchdog AMF in early 2013 LVMH luxury conglomerate‘s stake-building in rival Hermes will be examined in early 2013, according to French markets watchdog AMF’s sanctions committee. The luxury scarves war dates from October 2010 when LVMH revealed that it build a stake of 14 percent … Read more
The European Commission recognizes the strategic importance of the high-end industries Important days for Europe’s luxury sector. The European Commission has adopted “Cultural and Creative Sectors for creative growth in the EU” political action plan. This policy strategy qualifies cultural and creative business models, such as the luxury industry, as strategic sectors for European growth … Read more
Bernard Arnault is and remains resident in France for tax purposes Despite the potential obtention of the French-Belgian double nationality, France’s richest man and CEO of LVMH Bernard Arnault is and remains resident in France for tax purposes, luxury giant LVMH group announced in a press release. Contrary to informations published in the international press, … Read more
Parisian Le Bon Marche Rive Gauche celebrates its 160th Anniversary Le Bon Marche Rive Gauche, France’s first department store and one of the most prestigious stores in the world, celebrates its 160th anniversary. When created in 1852, Le Bon Marche Rive Gauche established a new concept of selling, creating the world’s first department store. … Read more