LVMH shows the luxury sector is in pain
By Bloomberg Published Jul 24, 2024 We’re all drinking less champagne as the world becomes a scarier place. That was the message from LVMH Moet Hennessy Louis Vuitton SE. It underlines …
Van Cleef & Arpels
Tiffany’s staff exits test LVMH’s turnaround playbook
By Bloomberg Published Jul 22, 2024 LVMH’s $16 billion purchase of Tiffany & Co. transformed the luxury goods powerhouse into one of the biggest jewelry sellers in the world. Three …
Luxury group in sights of LVMH’S Arnault?
By AFP Published Jul 17, 2024 The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South …
World’s biggest luxury fortunes lose $17 billion as market slows
By Bloomberg Published Jul 17, 2024 As demand for luxury goods and beauty products declines in some regions, so have the fortunes of a clutch of the world’s richest people. …
Richemont has “resilient” Q1, Alaïa stays strong but YNAP sales fall again
Luxury giant Richemont’s Q1 results on Tuesday showed the fashion-to-fine jewellery brand owner with “resilient” sales in the three months to 30 June. But while Alaïa prospered, Chloé and YNAP were less buoyant. …
$1bn investment aims to transform Hong Kong’s Landmark Central into ultra-luxe trailblazer
With Hong Kong bouncing back from the shopping downturn of recent years, investment in the tourist and business destination is ramping up and Hongkong Land has just announced a US …
Arnault said to have bought stake in Cartier owner Richemont
By Bloomberg Published Jun 25, 2024 Bernard Arnault has taken a personal equity stake in Cartier parent company Richemont, according to people familiar with the French billionaire’s investments. See catwalkAz …
Counterfeit Designer Goods Seizure in Palm Beach Increased to $3.4 Million
After initially estimating the market value of the counterfeit designer goods that were seized in two Palm Beach boutiques was nearly $2 million, investigators have increased that figure to $3.4 …
Cartier, LVMH look to stores outside Paris for Olympic retail boost
By Reuters Published May 21, 2024 Luxury retailers in European cities outside France are jockeying for business from deep pocketed tourists this summer, betting on a surge in visitors avoiding …
Luxury giant Richemont revives CEO role, Q4 sales dip, but Alaïa booms
Richemont had a lot to share on Friday with the Swiss luxury giant both confirming the slowdown in the luxury sector (albeit with only a 1% sales dip in Q4) …