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Best USA Business Magazine 2024
Mytheresa has reinforced its executive team following the rebranding of its parent company as LuxExperience. All new appointments come from within the company, as part of an internal restructuring strategy. The Munich-based luxury retailer kicks off the 2024/25 fiscal year with strong momentum. – MYTHERESA The Munich-based luxury e-tailer has entered the 2024/25 fiscal year […]
Read MoreBy AFP Published April 26, 2025 French companies exposed to the U.S. market are taking action to manage rising tariffs, using price hikes, production shifts, and cost-cutting measures to protect their margins. Bernard Arnault and Donald Trump in 2017. – Photo de Nicholas Kamm / AFP Price hikes to absorb new costs Hermès, the French […]
Read MoreNothing seems to slow down French luxury giant LVMH. The world’s leading luxury goods group closed the first quarter of 2025 with revenue reaching €20.3 billion despite the challenging market environment. Under its umbrella, historic Roman jeweler Bulgari inaugurated the expansion of its gold and jewelry manufacturing site in Valenza, a town in Italy’s Piedmont […]
Read MoreBy Bloomberg Published April 15, 2025 Hermès‘market capitalization surpassed that of rival LVMH, the conglomerate that once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès overtakes LVMH in value—years after fending off takeover attempt. – Reuters Hermès International SCA’s […]
Read MoreBy Bloomberg Published April 15, 2025 The mini bling boom since the turn of the year is well and truly over. On Monday, LVMH reported first-quarter sales that missed expectations. No division generated growth. Each one underwhelmed. The crucial fashion and leather goods unit reported a 5% decline in sales, excluding currency movements, far below the 0.6% slide […]
Read MoreBernard Arnault used to be known for buying luxury brands. Now, his favorite pastime is snapping up buildings – the latest of which is a historic Paris mansion near the Opera Garnier. Hotel Soltykoff, Paris Luxury behemoth LVMH, where Arnault is chairman, CEO and controlling shareholder, acquired the Hotel Soltykoff at 10 rue Volney, located […]
Read MoreBy Bloomberg Published Feb 1, 2024 The wolf is licking its lips. The prey is not wearing a red hooded cape, but Van Cleef Arpels jewelry. Van Cleef & Arpels – Facebook Van Cleef & Arpels Bernard Arnault, the founder and chief executive officer of LVMH who’s known as the “wolf in cashmere,” last week sang […]
Read MoreLVMH launched on Sunday the fifth edition of LVMH Watch Week in Miami. LVMH unveils latest timepiece collections at Watch Week in Miami. – LVMH Running until February 1, the event showcases the latest collections from the group’s six watchmaking maisons, including Bulgari, Hublot, Tag Heuer, and Zenith, which graced the 2023 edition in Singapore. […]
Read MoreTranslated by Nicola Mira Published Jan 29, 2024 Last Thursday, a few seconds after 6 pm CET, as soon as trading at the Paris Stock Exchange closed for the day, luxury tycoon Bernard Arnault took to the conference room stage at the LVMH group’s headquarters in Paris, at 50 Avenue Montaigne. FNW/DM Arnault, who took […]
Read MoreTranslated by Roberta HERRERA Published Jan 27, 2024 During the announcement of LVMH‘s annual results on Thursday, January 25, the French conglomerate’s chairman, Bernard Arnault, once again highlighted “the outstanding performance of the ‘Fashion & Leather Goods’ division,” which achieved a total revenue of €42.16 billion in 2023, marking a 9% increase compared to the […]
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