LVMH Moet Hennessy Louis Vuitton SE (MOH.BE)
- AFP
LVMH, Accor team up to develop Orient Express brand
French hotel group Accor and luxury goods giant LVMH said Thursday they had entered into a "strategic partnership" to develop the fabled Orient Express brand.LVMH will team up with Accor through "a strategic investment in the Orient Express brand, in the company that will operate the future hotels and trains, and in the entity that will own the two sailing ships", the companies said.
- Reuters
Italian court seeks tougher checks on luxury suppliers after worker exploitation probes
Luxury firms should beef up checks on suppliers to ensure they respect labour laws, according to Italy-wide proposals from Milan's court of justice following worker exploitation probes involving units of LVMH and Giorgio Armani. The proposed scheme, which would not be legally binding, marks an attempt by magistrates in Italy's fashion capital to tackle what they have described in documents seen by Reuters as "a generalised manufacturing method" that put people's lives at risk to boost profit margins.
- Reuters
LVMH's unit put under court administration in Italy over labour exploitation
MILAN (Reuters) -An Italian subsidiary of French luxury giant LVMH that makes Dior-branded handbags was placed under court administration on Monday, after a probe alleged it had sub-contracted work to Chinese-owned firms that mistreated workers. This is the third such decision this year by the Milan court in charge of pre-emptive measures, which in April named a commissioner to run a company owned by Giorgio Armani due to accusations the fashion group was "culpably failing" to adequately oversee its suppliers. Armani Group said at the time it had always sought to "minimise abuses in the supply chain".
