LVMH news and archive

Luxury firms join forces on a blockchain to let consumers authenticate goods

cat:groups LVMH and Prada along with Cartier announced Tuesday they are joining forces on a blockchain that will allow consumers to authenticate their goods. Called the Aura Blockchain Consortium, the initiative will offer a secure method for consumers to access information about to a product's history, including the materials used and...

20 Apr 2021

Business

LVMH, Prada and Cartier join forces to form blockchain consortium

Fashion conglomerate LVMH is joining forces with the Prada Group and Cartier, part of Richemont, to form the Aura Blockchain Consortium to address the “shared challenges” of communicating authenticity, responsible sourcing and sustainability in a secure digital format. The move marks the first global blockchain consortium dedicated to the luxury...

20 Apr 2021

Fashion

The post-pandemic silhouette according to Celine

Taken from the succession of digital runway shows that presented during the last Parisian Fashion Week, the Celine house presented its fall-winter 2021 collection last week. French garden with an electric runway Once again, the collection is presented in front of a castle. At the same location of the menswear FW21 presentation, Celine's women's...

19 Apr 2021

Business |Commentary

LVMH sees sales of its fashion division return to pre-pandemic levels

LVMH was the first luxury house to post its quarterly results, setting a precedent for other fashion businesses by showing sales have returned to pre-pandemic levels. Sales increased 37 percent over 2019 and 52 percent over last year, when the world first faced lockdowns and store closures; first in Asia, then other markets including Europe and...

14 Apr 2021

Business

Sales surge at LVMH in bumper first quarter

The world's top luxury goods group LVMH bounced back from the coronavirus pandemic to rake in higher sales in January-March than in the first quarter of 2019, the French company said in partial results published Tuesday. At 14 billion euros (16.7 billion dollars), revenues grew 30 percent on 2020's coronavirus-hit figure to soar above analysts'...

13 Apr 2021

Culture

Dior launches web series of inspiring women

Christian Dior Parfums and creative director Maria Grazia Chiuri have launched a new series of short videos inspired by exceptional women. The video portraits showcase women who embody what it means to choose their own destiny, show grace and determination while having a meaningful impact on those around them. #Diorstandswithwomen #Diorchinup...

7 Apr 2021

Fashion

Louis Vuitton closes digital Paris Fashion Week

An audience-free Paris Fashion Week closed with Nicolas Ghesquière presenting the Louis Vuitton Women’s Fall 2021 collection at the Louvre on Wednesday. Unveiled in the museum’s spectacular setting of the Michelangelo Gallery, the French luxury house showed a selection of bags from the new collaborative capsule collection with Italian artistic...

11 Mar 2021

Business

Birkenstock steps into big league with new luxury owners

Berli - Germany’s unabashedly frumpy but comfortable flat sandal maker Birkenstock stepped into the luxury league on Friday, with an LVMH-backed company and the French group’s billionaire owner snapping up the iconic brand. No details were given about the sum paid by LVMH-linked equity firm L Catterton and Bernard Arnault’s family holding fund...

1 Mar 2021

Business

LVMH subsidiary buys majority stake in Birkenstock

A subsidiary of French luxury group LVMH and its billionaire owner Bernard Arnault have purchased a majority stake in Birkenstock, the German maker of the iconic and eponymous sandals said Friday. No details were given about the price paid by LVMH subsidiary L Catterton and Arnault's family holding fund Financiere Agache, but analysts put the...

26 Feb 2021

Business

LVMH buys 50 percent of Jay-Z owned champagne brand

LVMH, the world's biggest luxury goods company, said on Monday it had agreed to buy 50 percent of Armand de Brignac, the champagne brand owned by rapper Jay-Z. The company said the purchase -- for an undisclosed sum and made through its Moet Hennessy drinks division -- also involved a distribution deal and would kick off a partnership reflecting...

22 Feb 2021

Business

Gucci's sales have lost momentum, affecting Kering's recovery

2020 was not a year investors expected stellar growth from most luxury brands. In the epic times of a global pandemic, most hoped to see a rebound toward the fourth quarter, with 2021 the year of returning to pre-Covid sales levels and acceleration. At Gucci, sales were down 22 percent year on year, a loss far higher than most of its peers in...

18 Feb 2021

Fashion |OPINION

Why Fenty's fashion fell flat with consumers

A denim jacket with a price tag of just under 1,000 dollars was unlikely to be a bestseller. Neither a pair of ribbon rope sandals costing almost the same. Consumers buying into celebrity fashion ranges are on average a younger audience with less disposable income. Rihanna’s Fenty fashion may have just priced them out. A pandemic keeping...

10 Feb 2021