L Capital, the private equity arm of LVMH has bought the 8 percent stake held by Wolfensohn Capital Partners in unlisted Indian ethnic wear chain Fabindia, two sources with direct knowledge of the matter said to reuters. Fabindia is India‘s largest private platform for products that are made from traditional techniques, skills and hand-based processes. … Read more
LVMH has acquired a 10 per cent stake in China fashion maker Ochirly French luxury giant LVMH has acquired through private equity arm L Capital, a 10 percent stake in mainland fashion maker Ochirly. The deal is worth US$200 million. Ochirly, established in late 1990s, currently operates about 200 retail outlets across the mainland and … Read more
Luxury brands have continued to enjoy strong sales despite world economic concerns. French luxury group Hermes said to AFP it posted record sales of 2.8 billion euros in 2011, highlighting the resilience of luxury brands in the face of the weakening global economy. French luxury goods giant LVMH said last week it had enjoyed a … Read more
The last Paris men’s fashion show certifies that the era of “bling” is drawing, unlamented, to its close, writes the telegraph. “We are going to enter an era in which logo and ostentation is going to be less successful. It will be about real quality,” said Antoine Arnault, the 34-year-old heir to Louis Vuitton Moet … Read more
Between France and Italy, the men’s wear business is “ready-to-war,” says Suzy Menkes in her latest article dedicated to men’s wear booming. The French luxury companies have seized the opportunity to ally with Italian savoir-faire. PPR, the luxury group headed by François-Henri Pinault, completed its 100 percent purchase of the Italian men’s wear brand Brioni. … Read more
Bernard Arnault Plans a £300 Million Louis Vuitton store on London’s Bond Street LVMH CEO Bernard Arnault is reportedly in talks to open Louis Vuitton’s flagship stores at 17-20 New Bond St. The famous Bond Street houses a number of high-end stores, including Mulberry and Chanel, and is regarded as one of the most expensive … Read more