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LVMH last week posted a forecast beating 23% rise in first quarter like-for-like sales, with growth driven by fashion and leather goods, its largest division and home to Louis Vuitton and Dior ...
In January 2022, LVMH acquired a minority stake in the New York-based label Aimé Leon Dore for an undisclosed sum. The investment was made through the conglomerate's LVMH Luxury Ventures arm. [ 50 ] In March 2022, LVMH announced the closure of its 120+ stores in Russia, pointing to "the current circumstances in the region", [ 51 ] subsequent ...
In 2001, Bernard Arnault, CEO of LVMH, met architect Frank Gehry. He told him of plans for a new building for the Louis Vuitton Foundation for Creation on the edge of the Bois de Boulogne. The building project was first presented in 2006, with costs estimated at €100 million [8] ($127 million) and plans to open in late 2009 or early 2010. [9]
The new deal reduced the amount paid per share by LVMH from the original price of $135 to $131.50. [47] LVMH completed the purchase of Tiffany in January 2021. [48] Under Arnault's leadership, LVMH has grown to become the largest company by market capitalization in the eurozone, [49] with a record of 313 billion euros ($382 billion) as of May ...
The luxury group's houses will throw open their doors to the public between Oct. 14 and 16.
PARIS — The LVMH Prize for Young Designers on Thursday unveiled the eight finalists for this year’s award, lauding the designers for their inventiveness, celebration of craftsmanship and ...
Articles related to brands owned by LVMH. Subcategories. This category has the following 2 subcategories, out of 2 total. D. Dior (2 C, 10 P) T. Tiffany & Co. (19 P)
In 1996, LVMH acquired the majority share of DFS Group, [10] buying out partners Feeney, Parker, and Pilaro and setting a new focus on the combined elements of travel and luxury. [11] It developed a merchandising strategy based around five core categories – Beauty and Fragrances; Fashion and Accessories; Watches and Jewelry; Wines and Spirits ...