LVMH.TI - LVMH

TLO - TLO Delayed price. Currency in EUR
294.00
+294.00 (+2.06%)
At close: 2:30PM CEST
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  • Old fashion: Vintage boom buoys RealReal and jolts luxury labels
    Reuters5 days ago

    Old fashion: Vintage boom buoys RealReal and jolts luxury labels

    PARIS/NEW YORK (Reuters) - Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups. Sales of second-hand, or vintage, luxury goods - from Chanel handbags and Gucci dresses to Rolex watches - are thriving on dedicated web platforms that are drawing a younger clientele seeking bargains and championing recycling. The RealReal could be ready to list on the stock market within two years, when it expects the value of goods sold on the site to have roughly doubled to $1 billion annually, its founder and CEO told Reuters.

  • Reuters - UK Focus5 days ago

    FOCUS-Old fashion: Vintage boom buoys RealReal and jolts luxury labels

    PARIS/NEW YORK, July 10 (Reuters) - Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups. Sales of second-hand, or vintage, luxury goods - from Chanel handbags and Gucci dresses to Rolex watches - are thriving on dedicated web platforms that are drawing a younger clientele seeking bargains and championing recycling.

  • Reuters6 days ago

    Old fashion: Vintage boom buoys RealReal and jolts luxury labels

    PARIS/NEW YORK (Reuters) - Second-hand fashion, once confined to thrift stores, is outstripping sales growth in the primary luxury goods sector, helping market leader The RealReal expand its business and prompting international labels to look at tie-ups. Sales of second-hand, or vintage, luxury goods - from Chanel handbags and Gucci dresses to Rolex watches - are thriving on dedicated web platforms that are drawing a younger clientele seeking bargains and championing recycling. The RealReal could be ready to list on the stock market within two years, when it expects the value of goods sold on the site to have roughly doubled to $1 billion annually, its founder and CEO told Reuters.

  • The Wall Street Journal13 days ago

    [$$] For Luxury Retail Real Estate, Paris Retains Its Je Ne Sais Quoi

    One of the few bright spots in retail real estate these days is on the so-called “high streets” of major cities, where luxury brands are still willing to pay stratospheric rents to promote their designer clothes, accessories, shoes and other goods. Nowhere is the luxury high street stronger today than in Paris. The French capital saw more luxury store openings than any other city in the world last year, accounting for 5.6% of total global designer store launches, according to real-estate firm Savills.

  • Louis Vuitton's Next Generation Steps Up to Kanye's Latest Tune
    Bloomberg17 days ago

    Louis Vuitton's Next Generation Steps Up to Kanye's Latest Tune

    At last week’s Louis Vuitton menswear show in Paris, newly hired designer Virgil Abloh sent hoodie-clad models down the runway toting duffel bags made from gleaming high-tech plastic, all to the latest Kanye West album. West, who embraced the tearful designer as he took his bows, was joined by his wife, Instagram super-influencer Kim Kardashian. Seated steps away: Bernard Arnault, head of parent company LVMH, and four of his adult children.

  • LVMH cuts ties with Bono's ethical fashion brand Edun
    Reuters17 days ago

    LVMH cuts ties with Bono's ethical fashion brand Edun

    French luxury group LVMH (LVMH.PA) is parting ways with the eco-friendly Edun label started by singer Bono and his wife Ali Hewson, transferring its minority stake back to the founders as the firm winds down its U.S. operations. LVMH said Edun was "restructuring its operations in preparation for its next chapter" following a joint review of the business. "The founders remain committed to Edun's mission for sustainable fashion," a joint statement sent by LVMH said.

  • Reuters17 days ago

    LVMH cuts ties with Bono's ethical fashion brand Edun

    French luxury group LVMH (LVMH.PA) is parting ways with the eco-friendly Edun label started by singer Bono and his wife Ali Hewson, transferring its minority stake back to the founders as the firm winds down its U.S. operations. LVMH said Edun was "restructuring its operations in preparation for its next chapter" following a joint review of the business. "The founders remain committed to Edun's mission for sustainable fashion," a joint statement sent by LVMH said.

  • Reuters - UK Focus17 days ago

    LVMH cuts ties with Bono's ethical fashion brand Edun

    French luxury group LVMH is parting ways with the eco-friendly Edun label started by singer Bono and his wife Ali Hewson, transferring its minority stake back to the founders as the firm winds down its U.S. operations. LVMH said Edun was "restructuring its operations in preparation for its next chapter" following a joint review of the business. "The founders remain committed to Edun's mission for sustainable fashion," a joint statement sent by LVMH said.

  • Reuters20 days ago

    Menswear in vogue for luxury brands with designs on growth

    Young, hip, urban, and male ... meet the fashion world's new best friend. Luxury brands are raising their game in menswear, which is expanding at a faster clip than women's clothing as styles loosen up and streetwear like hoodies find a new audience. Big fashion houses including French conglomerates LVMH and Kering are among those hiring eye-catching designers and investing in male attire.

  • Reuters - UK Focus20 days ago

    Menswear in vogue for luxury brands with designs on growth

    Young, hip, urban, and male ... meet the fashion world's new best friend. Luxury brands are raising their game in menswear, which is expanding at a faster clip than women's clothing as styles loosen up and streetwear like hoodies find a new audience. Big fashion houses including French conglomerates LVMH and Kering are among those hiring eye-catching designers and investing in male attire.

  • The Wall Street Journal24 days ago

    [$$] Chanel’s First Results Release Shows Its Financial Might

    PARIS—Chanel, the storied French fashion house that has dressed first ladies, royalty and Hollywood stars, published complete financial results for the first time Thursday, revealing itself as one of the luxury industry’s top-selling brands. Chanel’s announcement Thursday lifts the cloak of mystery around a company whose operations have long generated speculation in the industry. In an era when many high-end brands have been snapped up by conglomerates, analysts and investors have wondered if Chanel has the financial wherewithal to remain independent.

  • Bloomberg24 days ago

    Chanel Opens Its Books for the First Time

    Chanel Ltd., known for No. 5 perfume, little black dresses and financial secrecy, opened its books to reveal nearly $10 billion in sales last year -- a level that rivals luxury leader Louis Vuitton. The closely held French fashion house published its financial results for the first time, recording a profit of $1.8 billion last year on sales of $9.6 billion. “Our financial strength gives us the means to remain independent and to focus on the long term,” Chief Financial Officer Philippe Blondiaux said in a statement.

  • The Wall Street Journallast month

    [$$] Bottega Veneta Picks Daniel Lee as Creative Director

    PARIS—Bottega Veneta named British designer Daniel Lee as the brand’s new creative director, choosing a relative unknown in the industry to revive the struggling Italian fashion house. With Mr. Lee on the team, Céline has been one of LVMH’s fastest-growing fashion brands in recent years. Mr. Lee’s appointment signals that Bottega’s corporate parent Kering SA wants a fresh face to turn around the brand after several years of slumping sales.

  • LVMH targets growing jewellery sales with online boost
    Reuterslast month

    LVMH targets growing jewellery sales with online boost

    LVMH (LVMH.PA), the French group behind the labels Louis Vuitton and Celine, is launching a dedicated jewellery section on its multi-brand e-commerce site, joining rivals jostling for a slice of one of the fastest-growing luxury goods businesses. Luxury firms from LVMH to Cartier-owner Richemont (CFR.S) are bolstering their web presence, and high-end jewellery and watches - once thought unlikely to attract online shoppers given their high price tags - are emerging as one key battleground. 24Sevres, the web retailer launched by LVMH last year listing fashion items from its own labels and competitors like Italy's Valentino, said in a statement it would as of Thursday feature a fine jewellery section, with items from 13 brands.

  • Italy's luxury brand Prada paves way for family succession: CEO
    Reuterslast month

    Italy's luxury brand Prada paves way for family succession: CEO

    Prada (1913.HK) Chief Executive Patrizio Bertelli said on Friday his family would not sell its 80 percent stake in Italy's biggest luxury goods group and said his son Lorenzo may one day head the company. The Milan-based firm is run by the husband-and-wife team of Patrizio Bertelli and designer Miuccia Prada, whose grandfather founded the label in 1913. The couple's eldest child Lorenzo, 30, joined Prada to run its digital communications last year, the company confirmed this week following a Bloomberg report.

  • LVMH boss Arnault taps son for top communications job
    Reuterslast month

    LVMH boss Arnault taps son for top communications job

    Antoine Arnault, one of LVMH (LVMH.PA) Chairman and CEO Bernard Arnault's five children and an executive in charge of several brands at the luxury group, will oversee communications and image issues at the company, according to an internal memo. LVMH, the world's biggest luxury conglomerate and owner of labels such as Louis Vuitton and Christian Dior, has long been tightly run by the Arnault family and its patriarch, who built up the group through acquisitions. The latest appointment adds to Antoine Arnault's public profile.

  • Reuterslast month

    LVMH boss Arnault taps son for top communications job

    Antoine Arnault, one of LVMH (LVMH.PA) Chairman and CEO Bernard Arnault's five children and an executive in charge of several brands at the luxury group, will oversee communications and image issues at the company, according to an internal memo. LVMH, the world's biggest luxury conglomerate and owner of labels such as Louis Vuitton and Christian Dior, has long been tightly run by the Arnault family and its patriarch, who built up the group through acquisitions. The latest appointment adds to Antoine Arnault's public profile.

  • LVMH's Antoine Arnault Takes Up Group Image as Heirs Flex Muscle
    Bloomberglast month

    LVMH's Antoine Arnault Takes Up Group Image as Heirs Flex Muscle

    By putting his son Antoine in charge of image and communication, Bernard Arnault is sending a powerful message: LVMH, the world’s largest luxury goods maker, needs to make room in its executive ranks for the owner’s family. Arnault sent a memo to employees on June 1 announcing Antoine’s new responsibilities, a copy of which was seen by Bloomberg News. In it, he stresses the importance of the role, saying his son will be in charge of managing the “growing attention’’ in the company from the media and public, and pointing to social media as an area of particular focus.

  • Barrons.com2 months ago

    [$$] World's Best CEOs: Visionary Founders

    Arnault of LVMH Moët Hennessy Louis Vuitton is one of the world’s richest men, thanks to his family’s 47% stake in the French luxury group. LVMH shareholders know that he got there through decades of skillful management of many tony marques, from pricey Champagne, such as Dom Pérignon, to high-fashion labels, such as Christian Dior, to glitzy TAG Heuer watches.

  • Reuters2 months ago

    Vuitton owner LVMH makes e-commerce push with Lyst investment

    Louis Vuitton owner LVMH has invested in online fashion search business Lyst as the world's biggest luxury brands look to expand their presence online and capture younger shoppers. London-based Lyst did not disclose how much it had raised in its latest financing round which was led by LVMH and included other investors. The total investment raised was between 50 million and 100 million pounds ($67-$134 million), a source familiar with the matter said.

  • Reuters2 months ago

    Vuitton owner LVMH makes e-commerce push with Lyst investment

    Louis Vuitton owner LVMH has invested in online fashion search business Lyst as the world's biggest luxury brands look to expand their presence online and capture younger shoppers. London-based Lyst did not disclose how much it had raised in its latest financing round which was led by LVMH and included other investors. The total investment raised was between 50 million and 100 million pounds ($67-$134 million), a source familiar with the matter said.

  • LVMH CEO Bernard Arnault Is Sanguine About the World Economy
    Bloomberg Video2 months ago

    LVMH CEO Bernard Arnault Is Sanguine About the World Economy

    May.24 -- LVMH CEO and France's richest man Bernard Arnault discusses the impact from technology on France and outlook for the global economy overall. He spoke to Caroline Connan at Viva Tech in Paris.

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