All articles tagged with #lvmh
Originally Published 11 days ago — by Bloomberg.com
A fatal train collision near Machu Picchu involving trains operated by PeruRail and Inca Rail, in which LVMH and Carlyle Group hold stakes, resulted in one death and multiple injuries, raising concerns over safety and the involvement of major global investors in Peru's tourism infrastructure.
Originally Published 4 months ago — by Firstpost
Giorgio Armani's will reveals plans to sell his fashion empire, with a preference for a sale to major luxury firms like LVMH, L'Oréal, or EssilorLuxottica, or alternatively, a public listing. His heirs, including family members and his partner, will inherit stakes, with the foundation maintaining significant influence. The move marks a shift from Armani's previous stance of keeping the brand independent.
Originally Published 4 months ago — by WWD
Following Giorgio Armani's death, major luxury companies like LVMH, L’Oréal, and EssilorLuxottica have expressed interest in acquiring his fashion group, with potential stakes to be sold over the next few years. Armani's will designates the Armani Foundation to oversee the company's future, emphasizing brand continuity, strategic growth, and cautious diversification, while maintaining control within the family and key partners like Leo Dell'Orco.
Originally Published 4 months ago — by AP News
Giorgio Armani's will instructs his heirs to sell a 15% stake in his fashion empire, with priority to LVMH, Essilor-Luxottica, or L’Oreal, and outlines a plan for future ownership and leadership to ensure the brand's long-term stability and growth after his death at 91.
Originally Published 4 months ago — by Reuters
Giorgio Armani's will surprisingly instructs heirs to sell a significant stake in his fashion empire within a few years or pursue an IPO, with potential buyers including LVMH, L'Oreal, and EssilorLuxottica, marking a shift from his traditional stance on control and independence.
Originally Published 4 months ago — by Financial Times
Giorgio Armani has identified LVMH and L’Oréal as among the preferred buyers for his fashion empire, highlighting potential strategic moves or sales interests in the luxury fashion industry.
Originally Published 5 months ago — by CNBC
LVMH-backed private equity firm L Catterton is leading an $800 million investment to acquire a 20% stake in Flexjet, a luxury private jet company, aiming to expand its offerings into the experience economy with a focus on luxury travel and bespoke services, while maintaining Flexjet's boutique identity.
Originally Published 5 months ago — by Private Jet Card Comparisons
LVMH-backed investment firm takes a 20% stake in Flexjet, valuing the private jet company at around $4 billion, as part of a strategic move to enhance luxury travel offerings and brand synergies, with Flexjet focusing on creating an exclusive, club-like experience for high-net-worth individuals.
Originally Published 7 months ago — by The New York Times
Jonathan Anderson has been appointed as the first creative director to oversee both men's and women's wear at Dior, marking a historic shift in the brand's management and signaling a new paradigm in luxury fashion. His successful transformation of Loewe and recognition as a leading creative talent contributed to this groundbreaking appointment by LVMH.
Originally Published 1 year ago — by Fortune
Billionaire Bernard Arnault, head of LVMH, testified in a Paris court, denying any knowledge of an alleged influence-peddling scheme involving Bernard Squarcini, former head of France's domestic intelligence agency. Squarcini is accused of using his position for private gain, including obtaining confidential information for LVMH. Arnault stated he was unaware of any such activities and emphasized that neither he nor LVMH were indicted. The case also involves allegations of spying on journalist-turned-lawmaker Francois Ruffin, who had criticized Arnault in a satirical film.
Originally Published 1 year ago — by WWD
LVMH has announced significant leadership changes in its wines and spirits division, Moët Hennessy. Jean-Jacques Guiony, previously the CFO, will become the president and CEO, while Alexandre Arnault will serve as deputy CEO. This reshuffle is part of a broader strategy to leverage internal talent and includes other key appointments across the group. The new leadership team will face challenges such as a slowdown in premium liquor sales in China and potential tariffs from the U.S.
Originally Published 1 year ago — by CNBC
European stocks were slightly higher despite global market concerns over comments from the head of the U.S. Federal Reserve, with the Stoxx 600 index up 0.1% and UK inflation easing to 3.2% in March. Fed Chair Jerome Powell's remarks about the need for more progress on inflation before considering rate cuts contributed to market unease. Luxury group LVMH saw a 2.5% rise in shares despite a slowdown in sales, while Asia-Pacific and U.S. markets experienced mixed performance following recent selloffs.
Originally Published 1 year ago — by The New York Times
Berluti, in collaboration with Carine Roitfeld, has designed the French Olympic team's opening ceremony outfits for the 2024 Summer Olympics, representing a significant fashion moment as the host country. The looks aim to capture the essence of French style and will be worn by approximately 1,400 members of the Olympic and Paralympic delegation as they march down the Seine. This unexpected choice by LVMH has the potential to elevate Berluti's profile, and the designs are described as a bold departure from traditional athlete outfits, evoking a sense of timeless French elegance.
Originally Published 1 year ago — by Forbes
Bernard Arnault, the luxury goods magnate, retains his position as the world's richest person for the second year in a row, with an estimated fortune of $233 billion, thanks to the success of his conglomerate LVMH. His wealth has surpassed that of Elon Musk by $38 billion, with LVMH reporting record profits and stock performance. Arnault's succession plan involves adding his children to LVMH's board, ensuring family control over the company's future.
Originally Published 1 year ago — by Business Insider
Bernard Arnault has reclaimed the title of the world's richest person with a fortune of $197 billion, surpassing Jeff Bezos, who held the position for less than a week. Arnault, CEO of LVMH, has amassed his wealth through luxury conglomerate holdings, including Louis Vuitton and Christian Dior. Elon Musk, who previously held the title, has seen a decline in fortune due to Tesla stock performance. Arnault, at 75 years old, has extended the retirement age at LVMH to 80, giving him more time to plan the succession of his luxury empire.