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LVMH launches deadstock platform, Nona Source

Nona Source, an LVMH-backed re-sale platform for deadstock, has launched an online destination for the most exclusive fabrics from LVMH’s portolio of French luxury maison. The company allows creatives to easily access high-quality materials whilst encouraging the re-use of existing resources in a circular economy. A new way of textile buying...

26 Apr 2021

People

Berluti parts ways with Kris Van Assche

Berluti, the LVMH-owned label best known for its high-end footwear, is bidding goodbye to artistic director Kris Van Assche. The notorious three-year contract re-shuffle was perhaps not entirely unexpected after the Maison’s fashion codes (and its logo) were fully disrupted and did not achieve the growth LVMH has come to expect. Belgian designer...

23 Apr 2021

Business

LVMH building beauty hub in Shanghai

LVMH, the luxury conglomerate parent company of brand’s including Louis Vuitton, Dior, and Fendi, is set to open its largest e-commerce sales and storage hub in the Asia-Pacific region. The news was reported by Business of Fashion. The new hub will be an industrial base for e-commerce packaging and dispatch for LVMH’s cosmetics and perfumes. The...

22 Apr 2021

Business

LVMH, Prada and Cartier join forces to form blockchain consortium

Fashion conglomerate LVMH is joining forces with the Prada Group and Cartier, part of Richemont, to form the Aura Blockchain Consortium to address the “shared challenges” of communicating authenticity, responsible sourcing and sustainability in a secure digital format. The move marks the first global blockchain consortium dedicated to the luxury...

20 Apr 2021

Fashion

The post-pandemic silhouette according to Celine

Taken from the succession of digital runway shows that presented during the last Parisian Fashion Week, the Celine house presented its fall-winter 2021 collection last week. French garden with an electric runway Once again, the collection is presented in front of a castle. At the same location of the menswear FW21 presentation, Celine's women's...

19 Apr 2021

Business

LVMH launches first edition of Institut des Métiers d’Excellence in Japan

Luxury conglomerate LVMH launched the first edition of its Institut des Métiers d’Excellence training program in Japan, designed to help women get back into the workforce and advance in their careers. In partnership with Japan’s Professional Institute of International Fashion and Mode Gakuen and managed by the Japan Education Foundation, the...

16 Apr 2021

Business |Commentary

LVMH sees sales of its fashion division return to pre-pandemic levels

LVMH was the first luxury house to post its quarterly results, setting a precedent for other fashion businesses by showing sales have returned to pre-pandemic levels. Sales increased 37 percent over 2019 and 52 percent over last year, when the world first faced lockdowns and store closures; first in Asia, then other markets including Europe and...

14 Apr 2021

Business

Sales surge at LVMH in bumper first quarter

The world's top luxury goods group LVMH bounced back from the coronavirus pandemic to rake in higher sales in January-March than in the first quarter of 2019, the French company said in partial results published Tuesday. At 14 billion euros (16.7 billion dollars), revenues grew 30 percent on 2020's coronavirus-hit figure to soar above analysts'...

13 Apr 2021

Culture

Dior launches web series of inspiring women

Christian Dior Parfums and creative director Maria Grazia Chiuri have launched a new series of short videos inspired by exceptional women. The video portraits showcase women who embody what it means to choose their own destiny, show grace and determination while having a meaningful impact on those around them. #Diorstandswithwomen #Diorchinup...

7 Apr 2021

Fashion

Louis Vuitton closes digital Paris Fashion Week

An audience-free Paris Fashion Week closed with Nicolas Ghesquière presenting the Louis Vuitton Women’s Fall 2021 collection at the Louvre on Wednesday. Unveiled in the museum’s spectacular setting of the Michelangelo Gallery, the French luxury house showed a selection of bags from the new collaborative capsule collection with Italian artistic...

11 Mar 2021

Business

LVMH subsidiary buys majority stake in Birkenstock

A subsidiary of French luxury group LVMH and its billionaire owner Bernard Arnault have purchased a majority stake in Birkenstock, the German maker of the iconic and eponymous sandals said Friday. No details were given about the price paid by LVMH subsidiary L Catterton and Arnault's family holding fund Financiere Agache, but analysts put the...

26 Feb 2021

Business

LVMH buys 50 percent of Jay-Z owned champagne brand

LVMH, the world's biggest luxury goods company, said on Monday it had agreed to buy 50 percent of Armand de Brignac, the champagne brand owned by rapper Jay-Z. The company said the purchase -- for an undisclosed sum and made through its Moet Hennessy drinks division -- also involved a distribution deal and would kick off a partnership reflecting...

22 Feb 2021