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
Missoni luxury fashion brand is causing a sensation in the worldwide top hospitality sector, being ahead of other fashion brand hotels such as Armani, Bulgari, LVMH, or Cheval Blanc. Missoni hotels, part of the Rezidor Hotel Group, are pushing the expansion of the premium lifestyle & boutique hotel brand strongly forward. According to TOPHOTELPROJECTS (www.tophotelprojects.com), … Read more
LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €13 billion in the first half 2012, an increase of 26%. Organic revenue growth was 12%. “All business groups contributed to this performance, which is even more remarkable coming on top of the strong growth in first half of 2011. The … Read more