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LVMH news and archive

LVMH opens applications for 10th edition of LVMH Prize

Luxury conglomerate LVMH has announced the applications of its 10th LVMH Prize are now open. Until January 29, 2023, international designers under 40 will be able to apply to be considered for the prestigious prize, with the requirements stating that they must have created at least two womenswear, menswear or genderless collections. The winner...

2 Dec 2022

People

Sidney Toledano appointed head of France's Chambre Syndicale de la Haute Couture

Sidney Toledano has been appointed the new head of the Chambre Syndicale de la Haute Couture. Mr Toledano succeeds Ralph Toledano, who is no relation, and who held the position alongside the presidency of France’s fashion chamber, FHCM, since 2015. Sidney Toledano will remain Chairman and CEO of LVMH Fashion Group, as well as Chairman of the...

28 Nov 2022

Business

LVMH acquires Italian jewellery manufacturer Pedemonte

LVMH Group has announced the acquisition of the Pedemonte Group, a jewelry producer present in Italy and France, from the Equinox III SLP SIF investment fund. The company said in a release that the strategic operation for the watches & jewelry division and its jewellery maisons will allow the group to significantly increase its production...

28 Nov 2022

PeopleFeatured

LVMH names Guillaume Mott as new Sephora CEO

LVMH-owned French beauty giant Sephora has appointed Guillaume Mott as its new president and chief executive officer. It marks a return to the company for Mott, who spent three years as president and CEO of Sephora’s Europe and Middle East business before exiting in May 2021 to take on the role of deputy CEO of LVMH Fashion Group. “I am...

25 Nov 2022

BusinessFeatured

LVMH accelerates data contribution to its businesses to drive development

Data analytics has long been powering the fashion industry, from entire algorithms to predict sales, like at fast fashion giant Shein, to augmenting customer experience with personalised offers. Luxury group LVMH has been expanding its use of data for over three years, partnering with Kaggle Days, an international competition for data...

17 Nov 2022

Fashion

Heir to Louis Vuitton burgled in Paris

The Paris home of an heir of the Louis Vuitton luxury empire was burgled at the weekend, sources close to the case said Monday, with thieves taking high-end watches, jewelry and bags. Benoit-Louis Vuitton, a sixth generation descendant of the fashion house's founder, lives in the swanky seventh district of the capital near the Invalides military...

14 Nov 2022

Business

Paris Polytechnic Institute approves sale of land to LVMH

Paris - The world's leading luxury goods company LVMH will be able to set up its new research centre on the Saclay site in Paris near the engineering school of the Paris Polytechnic Institute, despite protests from several students and former students. The board of directors of the Polytechnic Institute, l'Institut Polytechnique (IP Paris) in...

10 Nov 2022

Business

LVMH partners with Circular Bioeconomy Alliance to drive regenerative agriculture in Africa

Luxury conglomerate LVMH has announced a new partnership with King Charles III’s Circular Bioeconomy Alliance (CBA), an organisation centred around the production of sustainable cotton in Africa. The collaboration comes as part of LVMH’s environmental programme, Life360, and its past pledges towards supporting regenerative agriculture. The duo...

8 Nov 2022

Retail

You can now buy Chanel and Hermès on Luxury Stores at Amazon

Accessories from the world’s most coveted luxury brands, including Chanel, Hermès and Louis Vuitton, can now be bought via Luxury Stores at Amazon. New York-based re-sale purveyor What Goes Around Comes Around (WGACA), is now operating a digital store on Amazon, which sells one of a kind vintage bags, including an Hermès Birkin, currently priced...

24 Oct 2022

BusinessFeatured

LVMH bucks the recession, posting strong demand for its products

The luxury sector may not be immune to global economic recessions, but LVMH, the world’s biggest luxury conglomerate, is bucking the trend so far. The Paris-based group saw quarterly sales soar to 19.8 billion euros, beating expectations and booking an increase of 19 percent over the same period last year. LVMH said its Fashion & Leather Goods...

12 Oct 2022

FashionFeatured

Paris packs a punch, as Dior and Saint Laurent kick off fashion week

Powerhouses Dior and Saint Laurent set the bar high at the start of Paris fashion week, showcasing two incredible collections from two of the world’s most successful companies. These uber fashion houses do not waver or do presentations by halves, with expensive sets and production prowess that only come from a storied history and an unrivalled...

28 Sept 2022

Business

LVMH reveals plans to cut energy consumption

Luxury group LVMH has announced an energy efficiency plan that falls in line with the French government’s new measures to support collective and individual energy consumption. It comes as tensions surrounding the electricity market continue to increase as winter approaches, with LVMH stating that it will begin to reduce its electricity...

19 Sept 2022