The Latest Breaking News from LVMH

With the war in Ukraine rapidly deteriorating, superannuation funds and mining companies have been withdrawing assets from Russia. But another multi-trillion-dollar global industry is facing public pressure too.

French luxury giants LVMH, Hermes and Chanel have announced that they will temporarily close their shops in Russia starting this weekend. The move comes as a reaction to Moscow's decision to invade Ukraine on 24 February.

Another blockbuster deal could follow the $15.1 billion acquisition of Tiffany.

Louis Vuitton, the world's largest luxury label and part of LVMH Moët Hennessy Louis Vuitton, plans to ramp up production in France, with two new sites scheduled to open before the end of the year, LVMH boss Bernard Arnault said on Tuesday. "We are at the end - I hope…

The pandemic and soaring inflation have done nothing to take the shine off luxury brands, from Louis Vuitton to Gucci and Cartier, as the sector hiked prices to notch up stellar profits. The world economy began to recover from the pandemic last year but the rebound has been accompanied by…

The price increase goes into effect on Wednesday — thanks to inflation and higher production costs.

Louis Vuitton, LVMH's top fashion brand, will raise prices globally on Wednesday as a result of increased manufacturing and transportation costs, a spokesperson for the French luxury goods company in China told Reuters. Louis Vuitton, the world's biggest luxury brand, will become one of the first big labels in the…

In the extravagant world of the French luxury industry, brands used to prefer destroying their unsold goods rather than offering their high-priced products at a discount. But gone are the days of binning the coats, handbags and shoes pooh-poohed by shoppers after a new anti-waste law came into force at…

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