Business

LVMH revenues surpass 2019 figure by 20 percent

LVMH Moët Hennessy Louis Vuitton recorded revenue of 64.2 billion euros in 2021, up 44 percent compared to 2020 and up 20 percent compared to 2019. Organic revenue growth was 36 percent compared to 2020 and 14 percent compared to 2019. The company said in a release that the group’s organic revenue growth of 22 percent in the fourth quarter...

18 minutes ago

Fashion

Puzzleware: The importance of kid’s involvement in garment creation

Children and their position in fashion is an element that is often easily overlooked in a world that is dominated by adult-centred creation. However, a new wave of DIY trends has sparked a revival of at-home crafts that gets people of all ages busy. Maija Nygren is one of those who has fully integrated this trend into her one-woman design...

16 hours ago

Business

Savage x Fenty secures 125 million dollars in funding as it opens first store

Savage X Fenty, the inclusive lingerie brand founded by pop star Rihanna, has reportedly secured 125 million dollars in fresh funding. It comes via a Series C funding round led by Neuberger Berman, along with participation from previous investors L Catterton, Avenir, Sunley House Capital, Advent International, and Jay Z’s Marcy Venture Partners,...

17 hours ago

Business

Victoria’s Secret sells 49 percent of China business in joint venture

Victoria’s Secret & Co has sold 49 percent of its China business to Hong Kong-based lingerie company Regina Miracle for 45 million dollars in cash. The two companies have formed a joint venture that aims to help Victoria’s Secret expand in the Chinese market. Under the joint venture, Regina Miracle will operate all Victoria’s Secret stores and...

18 hours ago

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