LVMH news and archive

LVMH sells its travel retail business (DFS) in China

LVMH announced on Monday the sale of its Duty Free Shops (DFS) business in China to CTG Duty-Free, a major travel retail operator headquartered in Beijing. “As part of this transaction, CTG Duty-Free will acquire the DFS stores located in Hong Kong and Macau, as well as intangible assets including a portfolio of DFS brands and intellectual...

People

Tiffany & Co. appoints David Ponzo as deputy CEO

Tiffany & Co. has appointed David Ponzo as its deputy chief executive officer. He will take over the responsibilities of the company’s former chief commercial officer Gavin Haig, who exited last year, in a newly expanded role at the LVMH-owned jeweller. The news was confirmed to WWD, to which president and CEO of Tiffany & Co., Anthony Ledru,...

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People

LVMH confirms new leadership for Givenchy and Christian Dior Couture

Luxury group LVMH officially announced major leadership changes at two of its flagship houses on Wednesday, January 7, 2026. Amandine Ohayon has been appointed CEO of Givenchy, while Alessandro Valenti becomes the deputy managing director of retail at Christian Dior Couture. According to a statement from the group, these appointments will take...

Culture

LVMH acquires Challenges, Sciences et Avenir and La Recherche

Luxury giant LVMH announced on Tuesday it has acquired the magazines Challenges, Sciences et Avenir and La Recherche as planned. According to a statement, the group intends to ensure their “longevity”. Businessman Claude Perdriel, who was the majority shareholder until now, had agreed to the sale for a symbolic one euro. He has now retired from...

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Fashion

Louis Vuitton marks 130 years of its Monogram with heritage-led collections

As luxury brands continue to invest in recognisable visual codes, few symbols illustrate the power of branding as clearly as the Louis Vuitton Monogram. Created in 1896 by Georges Vuitton in tribute to his father, Louis Vuitton, the canvas marks its 130th anniversary in 2026. To coincide with the milestone, the French luxury house is launching a...

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Fashion |Opinion

2025: The year luxury lost its sheen?

If 2025 will be remembered for anything in fashion, it may be as the year luxury brands discovered that belief in the idea of luxury itself is not infinite. After more than a decade of uninterrupted growth, price inflation and relentless “newness,” the social contract between luxury houses and their customers began to fray. Factory and marketing...

People

LVMH appoints new managing director at Bulgari, Laura Burdese

Luxury giant LVMH announced on Thursday the appointment of Laura Burdese as managing director of the Italian jewellery brand Bulgari, effective July 1, 2026. Burdese, 54, who has served as deputy managing director since July 2024, will succeed Jean-Christophe Babin. Babin will remain chairman of the board of directors at Bulgari, “while...

Retail|Interview

Personal shopping at Le Bon Marché Paris: “Our services are available to all clients”

Bastien, head of personal shopping and private salons at Le Bon Marché (LVMH), discusses his career at the iconic Paris' department store. He covers the organisation and accessibility of these services, the central role of human connection in his profession and the inter-brand exchanges encouraged by the Virtuosos 2025 programme. What has your...

Fashion

Pucci is heading to Sicily for SS26 catwalk show

Italian fashion house Pucci, owned by luxury conglomerate LVMH Moët Hennessy Louis Vuitton, has announced its next destination show will take place in Sicily, an island in the Mediterranean Sea, just south of the Italian peninsula. The catwalk is scheduled for April 17 and will be a ‘see now, buy now’ showcase for the brand’s spring/summer 2026...

People

Hermès heir sues LVMH and Bernard Arnault for 14 billion euros

Fifteen years after his raid on Hermès, Bernard Arnault and his LVMH group are caught up in a saga between two French luxury giants: an heir to the accessories specialist, claiming to have been dispossessed of his shares in the family jewel, is demanding 14 billion euros. Nicolas Puech, 82, a Swiss resident, accuses his former wealth manager,...

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People|CEO Profile

Pietro Beccari's career path: An example of leadership in luxury fashion

Pietro Beccari, the newly appointed chairman and chief executive officer (CEO) of LVMH Fashion Group, started his career at the University of Parma, where he became the first ‘Alumnus of the Year’. According to a 2018 university statement, the executive was the first name inscribed on the award's roll of honour. This recognition was established...

People

Pietro Beccari takes up helm of LVMH Fashion Group

Pietro Beccari, the chairman and chief executive officer of Louis Vuitton, is expanding his role. The LVMH veteran will now take up the helm of the French luxury group’s fashion division. While retaining his existing dual title at Louis Vuitton, Beccari has also been appointed chairman and CEO of the LVMH Fashion Group. He succeeds Sidney...