Owner of Christian Dior perfume to move from Oxford St to Kensington LVMH PERFUME The perfume giant behind brands including Christian Dior and Givenchy is to shut shop at its flagship Oxford St and head to a new site in Kensington. The Lancer Square development in W8 is set to welcome LVMH Perfumes & Cosmetics, which produces Dior, Givenchy and Guerlain fragrances. The perfume retailer is under offer on [...]
LVMH: Dior owner bolstered by demand for luxury goods but booze sales flag LVMH Luxury conglomerate LVMH reported organic revenue growth of 14 per cent at its third quarter results as it was bolstered by cash rich shoppers splurging on makeup and designer goods. The fashion giant, which owns the likes of Louis Vuttion and Dior, said revenues jumped 11 per cent year-on-year in its leather and fashion goods [...]
LVMH boss promotes daughter Delphine Arnault to top position at Dior Christian Dior LVMH chairman and CEO Bernard Arnault has appointed his daughter Delphine Arnault as CEO of Christian Dior in a management shake-up. She succeeds Pietro Beccari, 55, who has headed Dior for nearly 12 years but has also been promoted. He is set to take over as CEO of Louis Vuitton from Michael Burke, who will [...]
LVMH: Demand for leather sends revenues soaring £36.2bn July 25, 2023 Revenues at LVMH reached €42.2bn (£36.2bn) in the first half of the year, as the luxury conglomerate was boosted by demand for leather handbags and fashion goods. The company, which is owned by one of the richest men in the world, Bernard Arnault, said that revenue was up 15 per cent compared to last year [...]
Lamborghini, Aston Martin & Dior: Why are the world’s luxury brands recession proof? March 27, 2023 Luxury brands are yet to feel the cold wind of recession, with luxury names including Aston Martin, Lamborghini, Bentley and Dior all posting a surge in revenues in 2023. The companies all cite the “resilience” of their wealthy customers in an otherwise tough economic market. Lamborghini is the latest to appear to shrug off soaring [...]
Are LVMH, Nestle, L’Oreal and Hermes Europe’s alternative to Microsoft, Apple, Nvidia and Tesla? April 9, 2024 Much has been made of the 'Magnificent Seven' tech stocks - Meta, Apple, Amazon. Alphabet, Microsoft, Nvidia and Tesla - which have dominated the US market amid a boom in demand for AI and, until recently, more optimism over potential interest rate cuts.
Gucci, Prada, and Burberry are no longer in Vogue as ‘richcession’ bruises luxury sales March 20, 2024 A profit warning from the parent brand of Gucci has sunk the share price of not only the brand but also its rivals, in the latest sign that luxury designers are falling out of fashion with investors.
The success of LVMH is a testament to the resilience of the super rich April 28, 2023 There is a deeper trend behind LVMH’s growth over the past decade and more: the resilience of high-end consumers to almost any setback.
Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands June 23, 2022 Even though people often associate the financial world with black suits, statistics, and little in the way of style, trading does have its fashionable side. Specifically, fashion stocks. From high-end brands such as Christian Dior and Ralph Lauren to high-street labels like Gap and Zara, retail shares are firmly on investors’ radar recently. Only yesterday, [...]
Checking into Prince William and Kate’s getaway, Cheval Blanc Randheli Maldives March 16, 2023 THE HOLIDAY: Over-water villas and white sand beaches? Meh, I’ve heard it all before. The Indian Ocean archipelago of the Maldives can feel so clichéd, it takes a seriously swish hotel to stand out from the rest. Enter Cheval Blanc Randheli, a very French take on the postcard-pristine tropical idyll, owned by luxury goods house [...]