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The Latest Breaking News from LVMH

Elon Musk Risks Losing Title of Richest Man in the World

The CEO of Tesla saw his fortune melt by nearly $82 billion over one year.

The Street

Golden moments: put yourself in the cognac sweetspot

Two cognacs and an armagnac show just how good this brandy is – and there is no need to get all macho about it, says David Williams

The Guardian - UK

Inflation, Recession Fears Have Holiday Shoppers Trading Down

Many shoppers are trading down to less expensive clothing and accessories -- swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties -- as inflation eats into their disposable income and a rocky stock market erodes their wealth.

Bangkok Post

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Rihanna to release new music, after having a baby and becoming a billionaire

Rihanna has set the date for her long-awaited musical comeback, which will feature on a major Marvel movie soundtrack.

The New Daily

Hermes Eyes Big Price Rises, Says No Sign of Slowdown

Birkin bag maker Hermes said it would likely hike prices by 5% to 10% in 2023, much more than in the past, after reporting a sharp rise in sales growth over the third quarter and seeing no signs of slowdown in any of its markets. Echoing upbeat comments earlier this…

Asharq Al-Awsat

World's 2nd Richest Person Sells Private Jet, Fed Up With People Tracking It On Twitter: 'No One Can See Where I Go'

Luxury-goods company LVMH Moet Hennessy Louis Vuitton's (OTC:LVMUY) Bernard Arnault sold his private jet to stop Twitter accounts from tracking his travels.

Benzinga

LVMH Sales Jump as Strong Dollar Boosts Europe Demand

French luxury goods giant LVMH (LVMH.PA) beat market forecasts in the third quarter, posting a sharp rise in sales as wealthy shoppers splashed out on fashion and Americans in Europe made the most of the strong dollar. The world's biggest luxury group, home to fashion brands such as Louis Vuitton…

Asharq Al-Awsat

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Beauty Pie founder Marcia Kilgore: ‘We all need that lift, don’t we?’

She created FitFlop, and sold a company to LVMH at just 30. But could the cost of living crisis take the gloss off the cosmetics queen’s buyers’ club model?

The Guardian - UK

Energy-saving in Fashion, Valentino Turns off Lights Early

Italian brand Valentino has decided to switch off the lights in its shops earlier at night to save energy and give a signal of "environmental awareness", following in the footsteps of the French luxury giant LVMH (LVMH.PA). Starting from last night, lights in around 95 Valentino's boutiques around the globe…

Asharq Al-Awsat

Franca Fendi, inheritor of Italian fashion house, dies aged 87

Fendi and her sisters took luxury brand to new creative heights by bringing in Karl Lagerfeld in 1960s

The Guardian - UK

Stella McCartney Dabbles in Art at Eco-pioneering Paris Show

It was as much art fair as fashion show for Stella McCartney, who put on an art-infused spring collection at Paris Fashion Week on Monday vibrating with flashes of color. Iconic Japanese contemporary artist Yoshitomo Nara collaborated on the designs showcased outside the Pompidou Center Modern Art Museum, while sculptor…

Asharq Al-Awsat

Stella McCartney’s Paris show aims to set trend for subtle sustainability

Fashion designs featuring regenerative ‘shirt to dirt’ cotton and leather alternatives hit catwalk outside Pompidou Centre

The Guardian - UK

Stella McCartney dabbles in art at eco-pioneering Paris show

It was as much art fair as fashion show for Stella McCartney who put on an art-infused spring collection at Paris Fashion Week on Monday that vibrated with flashes of color

The Independent UK

Lab-grown diamonds: precious stones or cut-price sparklers?

They’re hard to tell from the real thing, and celebrities and modern jewellers love them. What’s not to like?

The Guardian - UK

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Asharq Al-Awsat

Under a Cloud of Belt-Tightening, Paris Fashion Week Struts on

Celebrities and international crowds have descended on the French capital, marking the fashion industry's sweeping return as it rides a post-pandemic spending frenzy. The final stretch of Paris Fashion Week runs through Oct. 4 and features big names including Chanel, Dior, Hermes, Louis Vuitton and Saint Laurent, rounding out a…

Input

LVMH will reduce its electricity consumption by 10 percent

Employees better get used to taking the stairs.

The Guardian - UK

Louis Vuitton reduces thermostat and light use in shops to save energy

LVMH announced measures after Emmanuel Macron urged France to reduce power consumption

Asharq Al-Awsat

Gucci’s Sales Growth Eases in Q2 as China Lockdowns Weigh

Gucci's sales growth eases in Q2 as China lockdowns weigh Sales at French luxury group Kering's top brand Gucci rose by just 4% in the second quarter, the group said on Wednesday, as a new round of lockdowns weighed on revenues in the key Chinese market. Overall sales for Kering,…

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The Independent UK

Glossier is coming to Sephora stores in 2023

The brand is best known for its Cloud Paint blush and Boy Brow eyebrow gel

The Street

Luxury Bags Are Selling Really Well

LVMH revenue for the period between June and January rose by 27%.

Asharq Al-Awsat

LVMH Q2 Sales Climb 19%, Offsetting Slower China

Sales at LVMH, the world's largest luxury group, rose by 19% in the three months to June, as robust growth in the US and China helped it offset a new round of lockdowns in China. LVMH, which owns dozens of high-end labels such as Tiffany, said sales came to 18.73…

Reuters

American tourists splurge in Paris boutiques as euro slides

American tourist Shawna Wilson says she has splashed out on four dresses at the high-end LVMH-owned department store La Samaritaine in Paris, tempted by the prices as the euro reached parity with the U.S. dollar.

Asharq Al-Awsat

Dior Withdraws Valentino Compensation Demand over Glitzy Rome Show, Source Says

LVMH-owned Dior has withdrawn a request for 100,000 euros in compensation from rival fashion label Valentino for allegedly blocking access to its Rome store with a celebrity-packed runway show on the city's Spanish Steps, a source told Reuters. Citing a letter from Dior, the source familiar with the matter said…

The Independent UK

Sephora is permanently leaving Russia

News of the exit comes as Russia’s war on Ukraine approaches its sixth month

Asharq Al-Awsat

LVMH’s Sephora to Sell its Russian Subsidiary

LVMH's retail beauty brand Sephora is selling its Russian subsidiary to the local general manager of the chain, the French company said on Monday, joining a flood of Western businesses leaving the country. Sephora, which has 88 stores in Russia with 1,200 employees, will now operate under the "Ile de…

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