LVMH news and archive

Vendôme: court cancels sale of town's name to Louis Vuitton

The Orléans administrative court has cancelled the 10,000 euro sale of the town of Vendôme's name to the Louis Vuitton group. The municipality, which responded in a statement on Thursday, described the appeal as having “no real legal utility”. In February 2021, the municipality approved by resolution the sale of the town of Vendôme's name to...

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Fashion |Interview

LVMH's Institut des Métiers d’Excellence: Training the next generation of artisans

At LVMH, the Institut des Métiers d’Excellence trains a new generation of artisans, creators and client experts in rare skills. These are for professions with strong employment prospects. An interview with Marion Bardet, director of Métiers d’Excellence at LVMH. What do these 'métiers d’excellence' cover? Our mission is to promote, enhance and...

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Business|Opinion

Is recovery in sight for the luxury sector? LVMH thinks so

The fashion industry’s mood may be brightening, if only by a few degrees. LVMH, the world’s largest luxury group and the sector’s perennial bellwether, delivered a cautiously optimistic third-quarter report, suggesting that the long-anticipated recovery in global luxury spending may finally be taking shape. After several quarters of challenges,...

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Business

EU fines Gucci, Chloé and Loewe millions for violating competition rules

Brussels, Belgium – The European Union announced on Tuesday that it had imposed fines totalling 157 million euros on luxury firms Gucci, Chloé and Loewe for breaching competition rules. The sanctions follow surprise raids conducted in April 2023 and an antitrust investigation by the European Commission in July 2024. The EU's executive arm...

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Business

LVMH quarterly sales drop 4% on currency swings

The world's biggest luxury group LVMH reported Tuesday that its third-quarter revenue dropped four percent to 18.3 billion euros ($21 billion) due to currency movements. Revenue fell from a level of over 19 billion reached in the same period of 2024, the company said in a statement. The measure picked up however in the third quarter of 2025...

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Fendi appoints Maria Grazia Chiuri as new creative director

Fendi has confirmed the appointment of Maria Grazia Chiuri as the new creative director of the Roman house, following the departure of Silvia Venturini. In her new role, the designer will head the artistic direction of the Italian firm, with responsibility for the collections and the global creative vision. Chiuri will report directly to Ramon...

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Fashion

McCollough and Hernandez embrace Anderson's legacy in their debut for Loewe

Continuity and heritage. These two terms best summarise the new path Spanish brand Loewe has begun to tread, following the departure of Jonathan Anderson and the arrival of the duo Jack McCollough and Lazaro Hernandez as the new creative directors of the Spanish fashion house. This marks a new chapter in its nearly 200-year history. The North...

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Will Maria Grazia Chiuri's be the new creative director?

While LVMH, the owner of luxury brand Fendi, has not yet officially announced the appointment of Maria Grazia Chiuri as creative director, her arrival appears to be a certainty. This is according to well-informed sources like Merle Ginsberg of WWD, who also named Francesco Risso and Willy Chavarria as possibilities, Harper’s Bazaar, Rolling...

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Business

Loewe grew by +9 percent in Jonathan Anderson's final year

Madrid – Spanish brand Loewe has presented the results for its main parent company, Loewe SA, for its latest 2024 financial year. The Madrid-based fashion house, owned by the French multinational holding company LVMH, once again achieved record turnover, although it experienced a notable drop in profits. These financial statements mark the end...

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Arnault family appoints Veuve Clicquot CEO as Paris FC's managing director

Paris - The Arnault family, majority shareholder of Paris FC via its holding company Agache, has appointed the CEO of Veuve Clicquot Ponsardin (LVMH Group), Jean-Marc Gallot, as the football club's managing director. He will take up the position from October 1. The Ligue 1 club and the holding company announced the appointment in a statement on...

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Bernard Arnault 'Honored' by Armani's consideration of LVMH

Paris - Bernard Arnault, chairman and chief executive officer of LVMH (LVMH), said on Friday he was "honoured" that his group had been named in Giorgio Armani's will as a potential partner for the Italian group. Arnault told Agence France-Presse (AFP): "Giorgio Armani, whom I had the pleasure of knowing personally, was a true genius; the only...

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Luxury world bids farewell to Francesco Trapani

Francesco Trapani passed away yesterday evening at his home in Rome. The 68-year-old entrepreneur and manager, a descendant of the Bulgari family, led the maison, founded in 1884, as chief executive officer for three decades. The maison became one of the major global players in the luxury sector, present in jewellery, watches, fragrances,...