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
LVMH bought 100% stake in ArteCad, a Swiss watch dial manufactory Swiss watch dial manufactory ArteCad was bought out by LVMH. The luxury group had no previous financial interest in the company, from two private owners. The Swiss watch dial manufactory was founded in 1885 and employs 215 people. It produces 350,000 dials a year, … Read more
LVMH watch and jewellery sales up 26% Luxury products group LVMH has reported a revenue of €16.3 billion during the first nine months of 2011, an increase of 15% over the same period in 2010, with watches and jewellery recording organic revenue growth of 26%. The overall organic revenue growth of the French luxury goods … Read more
LVMH Snaps Up Crocodile Goods Firm French luxury giant LVMH Moet Hennessy Louis Vuitton plans to buy a controlling stake of crocodile-skin-goods business Heng Long through an initial S$160.8 million ($123.8 million) offer for the company. Heng Long is one of the five top-tier tanneries of crocodilian leather in the world, with an entrenched position … Read more
Financial markets may have turned sour but well-heeled consumers, especially in Asia, are still thirsty for renowned top quality wines, such as Italy’s most expensive red Masseto, its makers say. Fine wines with prices starting at triple digits have become brands like top watches or cars, whose high quality and wide brand recognition give … Read more