LVMH Group news and archive

LVMH MD reportedly appointed CEO at Fendi

Pierre-Emmanuel Angeloglou, the current managing director of LVMH Group, has reportedly been appointed to the role of chief executive officer of one of the group’s portfolio brands, Fendi. Angeloglou, who will take on the role from June 1, is believed to be preparing to succeed Serge Brunschwig, who is stepping down from the helm position after...

BusinessFeatured

Luxury group LVMH records 23 percent growth in revenue and profit

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton recorded revenue of 79.2 billion euros in 2022 and profit from recurring operations of 21.1 billion euros, both up 23 percent. The company said in a statement that all business groups under its portfolio achieved significant organic revenue growth. Fashion & leather goods reported organic...

Apparel

Mumbai to get Dior store

Christian Dior, one of the best known luxury fashion brands in the world, is all set to open its first store in Mumbai’s Taj Mahal Palace & Towers soon. This is Dior’s third store in India and the first outside Delhi. The first Dior store in India was opened in Oberoi hotel in 2006. Last year, the brand opened its flagship 3,500 sq ft store at...