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The Latest Breaking News from LVMH

Lex in depth: why the luxury market needs to hedge against China

A shift in spending habits in Asia and a crackdown on wealth by Beijing threaten a profit squeeze for high-end brands

Financial Times

The world’s top 10 billionaires: Who are they, what is their net worths and how did they build their fortunes?

The rate of billionaires increases year on year, with the current number at 2,755 billionaires worldwide, according to Forbes magazine.

Evening Standard

Luxury goods market on a high, despite conflict, pandemic

Global luxury brands have posted strong results for the first quarter of this year despite global hardships including the conflict in Ukraine, inflation and Covid restrictions in Asia. This comes on the back of an exceptional year in 2021.

Radio France Internationale

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Jean-Christophe Babin: watch CEO and a social media star

Jean-Christophe Babin is rewriting the future of the watch fair, gave the world its thinnest mechanical watch this year and gets what the digital age is all about

The Hindu

Birkenstock and Manolo Blahnik: is this the most unlikely fashion pairing ever?

The maker of comfy sandals has hired Blahnik – famed for its luxury stilettos – to jazz up its women’s range. Stand by for a £415 fuchsia version with a sparkly buckle

The Guardian - UK

The multi-trillion-dollar fashion industry is halting sales in Russia, including Australian brands

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.

ABC News

Top French designers 'temporarily' stop business in Russia over Ukraine war

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.

Radio France Internationale

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Louis Vuitton’s owner, LVMH, is reportedly looking to buy Ralph Lauren

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

Input

Louis Vuitton to Ramp up Production in France with 2 New Sites

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…

Asharq Al-Awsat

Luxury Sector Undaunted by Covid, Soaring Inflation

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…

Asharq Al-Awsat

Louis Vuitton’s bags and clothes are about to get even more expensive

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

Input

Louis Vuitton Set to Raise Price Tags This Week as Costs Climb

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…

Asharq Al-Awsat

French Luxury Houses Give Unsold Goods a Second Chance

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…

Asharq Al-Awsat

Louis Vuitton’s owner, LVMH, acquires minority stake in Aimé Leon Dore

One of the hottest brands in menswear and streetwear.

Input

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