All articles tagged with #lvmh
LVMH Watch Week 2026 launches seven standout debuts across Louis Vuitton, TAG Heuer, Hublot, Zenith, Bulgari, Daniel Roth and Gérald Genta, including LV’s Escale Twin Zone GMT, TAG Heuer Carrera Split-Seconds, Hublot Big Bang Unico Samuel Ross, Zenith Defy Revival A3643, Bulgari Maglia Milanese Monete, Daniel Roth skeleton, and Gérald Genta Geneva Time Only, offering fresh complications and designs ahead of Watches and Wonders Geneva.
China Tourism Group Duty Free will cash purchase DFS’s stores in Hong Kong and Macau (excluding City of Dreams) and related intangibles in Greater China, with DFS continuing its other operations worldwide. LVMH and the Miller family will subscribe to CTG Duty-Free’s Hong Kong‑listed H‑shares as part of a capital increase, and CTG and LVMH will pursue a strategic cooperation in Greater China. The deal, expected to close in about two months, significantly strengthens CTG Duty-Free’s dominance in the region and reshapes the global travel-retail landscape.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.