All LVMH articles – Page 2
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News briefs
Diego Della Valle files document to delist Tod’s
Tod’s said that its main shareholder, Diego Della Valle, has filed documents with the Italian market regulator Consob for a public offer to delist the Italian fashion house from the Milan stock exchange. As announced earlier in August, DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle ...
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ArticleDella Valle wants to delist Tod’s
Tod’s’ main shareholder, Diego Della Valle, is offering €40 per share with the objective of delisting the Italian luxury goods company. The bid is being made by DeVa Finance, which is controlled by DI.VI. Finanziaria di Diego Della Valle & C,. and concerns 25.55 percent of Tod’s capital. The price ...
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ArticleHow the exodus out of Russia is creating opportunities for locals
Western footwear retailers that pulled out from the Russian market over the past few months in the wake of Russia’s invasion of Ukraine sold products worth 51.2 billion rubles (€911m) in the country in 2021, estimated Chestny Znak, a Russian regulator supervising the labelling of fashion products on the domestic ...
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News briefs
Bernard Arnault to reinforce control over LVMH parent company
The French businessman Bernard Arnault plans to transform Financière Agache, a family holding company which controls the French luxury goods conglomerate LVMH, into a limited partnership. The move will enable the businessman and his five children to maintain control over the group. “The LVMH group is a family-based group whose ...
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ArticleFootwear stocks track global markets lower in Q2
In the second quarter of 2022, footwear stocks declined significantly in line with global markets, which suffered their strongest pullback in decades. In the U.S., the S&P 500 index posted its worst performance in the first half of the year since 1970. Global markets were hit by raising inflation, a ...
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News briefs
Fendi’s new footwear plant scheduled to open this autumn
Fendi, the Rome-based luxury goods brand owned by the French group LVMH, expects to open this autumn its new footwear manufacturing plant in Fermo, in Italy’s Marche region. The 75,600 square-foot facility will host production currently carried out in a nearby site in Porto San Giorgio. In September 2021, Fendi ...
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News briefs
LVMH enjoys a strong start to the year
LVMH saw organic sales of its fashion and leatherwoods division rise by 30 percent in the first quarter of 2022 compared to the same quarter of 2021, as the French luxury goods conglomerate said that it has enjoyed a “good start to the year.” On a reported basis, the division ...
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ArticleBrazilian, Indian footwear stocks outperform in a weak environment
In the first quarter of 2022, the share prices of footwear companies fell sharply, tracking global equity markets lower. But, the Indian and Brazilian companies that we monitor for our stock performance survey outperformed their peers over the period.
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News briefs
LVMH fashion and leather goods business posts strong Q4
LVMH saw organic sales of its fashion and leatherwoods division rise by 51 percent in the fourth quarter of 2021 compared to the same quarter of 2019, as the French luxury goods conglomerate expressed confidence in “its ability to maintain its current growth momentum.” For the full year, reported revenues ...
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ArticleThe Aura blockchain launches a SaaS solution for luxury brands
On Jan. 13, the Aura Blockchain Consortium launched Aura SaaS, a cloud-based software-as-a-service (SaaS) solution for its global blockchain-based platform designed for luxury brands. The consortium is a non-profit association based in Switzerland promoting socially responsible, sustainable and customer-centric business practices throughout the lifecycle of luxury products by leveraging blockchain ...
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News briefs
LVMH launches €300m share buyback
LVMH has granted an irrevocable mandate to an investment services provider for the acquisition of a maximum of €300 million of its shares over a period starting on Dec. 21 and which could last until Feb. 15. The price of the shares bought under this mandate must not exceed €950 ...
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News briefs
LVMH fashion and leather goods organic sales up 57%
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 57 percent year-over-year in the first nine months of 2021. On a reported basis, sales for the division were up by 53 percent to €21.315 billion. When compared with the first nine months ...
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News briefs
LVMH fashion and leather goods sales surge
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 81 percent year-over-year in the first half. On a reported basis, sales for the division were up by 74 percent to €13.863 billion. When compared with the first half of 2019, organic ...
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ArticleStocks of footwear firms benefit from the re-opening of the economy in Q2
In the second quarter, stocks of footwear companies were generally higher as they benefited from the reopening of the economy, following the easing of Covid-19 restrictions, and a subsequent rebound in the consumption of clothing and shoes. Large U.S. footwear companies, which had already posted strong gains in the first ...
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News briefs
LVMH hires a diversity, inclusion officer
The French luxury goods group LVMH has appointed Vanessa Moungar as chief diversity and inclusion officer. She will report to the group’s executive vice president of human resources and synergies, Chantal Gaemperle . Moungar’s role will be to build a network of diversity and inclusion leaders in the ...
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News briefs
LVMH enters a partnership with Google Cloud
LVMH and Google Cloud have entered a strategic partnership to accelerate innovation and develop new cloud-based artificial intelligence (AI) solutions “to create new, personalized customer experiences that foster long-term growth” for the brands of the French luxury goods group. The partners will provide new AI and machine ...
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News briefs
Tod’s chairman would sell to LVMH if he sells
Diego Della Valle , the chairman and main shareholder of Tod’s , said that if he ever decided to sell the company it would be to the French businessman Bernard Arnault . However, he added that he and his family currently have no plans to sell Tod’s. Arnault is ...
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ArticleTod’s Q1 sales rise on Roger Vivier, China exploit
Tod’s sales increased by 17.0 percent year-over-year to €178.7 million in the first quarter, underpinned by triple-digit growth in Greater China sales and the strong performance of its Roger Vivier brand. At constant currency rates, sales were up by 18.8 percent although they were still 16.3 percent lower ...
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News briefs
LVMH launches B2B digital platform to sell deadstock
Nona Source , a B2B digital platform specializing in the sale of deadstock at discounted prices, was launched on April 26. It was founded by Romain Brabo , Marie Galguera and Anne Prieur du Perray with the backing of the French luxury goods group LVMH . ...
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ArticleLVMH hikes stake in Tod’s to 10% and triggers takeover speculation
Tod’s’ shares rose by 11.39 percent to €39.32 in trading on the Milan exchange on April 23 after the announcement that LVMH would increase its stake in the Italian footwear company to 10.0 percent, a move analysts believe could be a prelude to an eventual acquisition. Tod’s’ chairman ...
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