Lvmh news and archive

LVMH to acquire majority stake in Virgil Abloh's Off-White label

LVMH is adding Off-White to its portfolio of brands after the French luxury house agreed on Tuesday to take a 60 percent stake in Off-White LLC. The Milan-based New Guards Group, the license holder of the brand, will remain an operational partner. Founder Virgil Abloh will remain in his role as creative director, in addition to his contractual...

20 Jul 2021

Fashion |

She's back: Phoebe Philo to launch own label with LVMH

Phoebe Philo is launching her own brand with LMVH as a minority stakeholder, industry sources have confirmed. Despite a three-year hiatus after exiting Celine, Philo has made a lasting imprint on the industry, leaving a legacy that revolutionised women’s clothing to be wearable and practical above being objectified. Her painstaking eye for...

12 Jul 2021

People

LVMH appoints chief diversity and inclusion officer

LVMH has appointment Vanessa Moungar as chief diversity and inclusion officer. She will report to Chantal Gaemperle, executive vice president of human resources and synergies. Her role will be to build a network of diversity and inclusion leaders in the group’s portfolio of brands. “Vanessa will bring her extensive experience to take our...

1 Jul 2021

Fashion

LVMH to recycle textiles in partnership with weturn

LVMH has solidified a partnership between several of its fashion maisons and weturn, a company that offers an innovative recycling chain dedicated to unsold textiles from major fashion houses. Founded in 2020, weturn is the first recycling chain dedicated to unsold textiles, rolls of fabric and offcuts from major fashion houses, which are all...

25 Jun 2021

Retail |In Pictures

Samaritaine reopens in Paris after renovations

Luxury department store Samaritaine Paris Pont-Neuf overlooking the Seine has reopened after major renovations. The historic building has been restored by the DFS group, which is majority-owned by LVMH alongside co-founder Robert Miller. Éléonore de Boysson, president of DFS, Europe and the Middle East, said in a statement: “We welcome you to...

23 Jun 2021

Business

Bambuser wins 2021 LVMH Innovation Award

Start-up Bambuser that specialises in live stream shopping events has been crowned the 2021 LVMH Innovation Award overall winner. Bambuser aims to bridge the gap between online and offline buying experiences and allows brands to host live shopping sessions online with influencers or sales associates. These shows are hosted natively on the brands...

22 Jun 2021

Retail

Grande dame of Paris department stores reopens after 16-year renovation

Parisians will once again be able to stroll the gilded aisles of the Samaritaine department store starting Wednesday, after 16 years of painstaking work to restore the Art Deco and Art Nouveau landmark to its former glory. Luxury conglomerate LVMH shut the 151-year-old emporium overlooking the Seine river in 2005, when safety inspectors...

22 Jun 2021

Business

The stock market's luxury indexes are soaring post pandemic

Luxury investors are showing confidence in the stock market again, with mergers and acquisitions back on fashion’s agenda. Covid-19 has without a doubt impacted the world’s stock exchanges, sending most of them in a frenzy in the early days, but after several months of difficulties, luxury indexes are setting new historical records. The month of...

22 Jun 2021

Business

LVMH partners with Google for AI innovation

French luxury group LVMH has partnered with Google Cloud to accelerate innovation and create new could-based artificial intelligence solutions. The two businesses will join forces to offer new AI and machine learning technologies, aimed at improving business operations through demand forecasting and inventory optimization. The customer...

16 Jun 2021

Business

LVMH sets up employee support fund

Luxury conglomerate LVMH has launched a global emergency and support fund for its 150,000 employees, with an initial endowment of 30 million euros. The LVMH Heart Fund is aimed at supporting all of its staff around the world in more than 70 countries, helping employees suddenly faced with a “serious personal situation” by providing them with...

8 Jun 2021

Retail

LVMH's Parisian department store La Samaritaine to reopen after 16 years

Parisian department store La Samaritaine is reportedly set to reopen its doors next month for the first time in 16 years. Luxury French group LVMH, which has been a majority shareholder in the iconic shopping destination since 2001, closed the building in 2005 for security reasons and has since invested 750 million euros in its revamp. Between...

31 May 2021

Business

LVMH presents commitment to circular economy at ChangeNOW Summit

At the recent ChangeNOW Summit, which took place virtually from 27th to 29th May, Antoine Arnault, responsible for image and environment at LVMH, presented the French luxury group’s commitment to supporting a circular economy. Its approach, known as “creative circularity”, is one of the four strategic pillars of the Group’s environmental...

31 May 2021