All LVMH articles – Page 3
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ArticleLVMH, Prada and Cartier launch a blockchain for luxury goods
LVMH, Prada and Cartier , a unit of the Swiss luxury goods group Richemont , have joined forces to develop the Aura Blockchain Consortium , a global luxury blockchain. LVMH said that the collaboration “between competitors represents a single, innovative solution to shared challenges of communicating information ...
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News briefsLVMH fashion and leather goods sales surge in Q4
Organic sales of the fashion and leathergoods division of the French luxury goods conglomerate LVMH rose by 18 percent in the fourth quarter, reducing the full-year decline to 3 percent. On a reported basis, full-year sales for the division were down by 5 percent to €21.207 billion due to ...
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ArticleStocks of footwear companies fell by 16.3% in 2020
Well functioning financial markets are providers of information and signals. We are analyzing last year’s performance of footwear companies, but also of luxury goods and e-commerce companies with a strong footwear component, to see how markets perceived some of the key players of our industry.
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News briefs
LVMH head sees company exiting the Covid-19 crisis stronger
The French luxury goods group LVMH is coming out of the Covid-19 crisis “rather stronger” thanks to its worldwide presence, according to its chairman and chief executive Bernard Arnault . “We have for a long time had the strategy of covering most of the planet with our sites, ...
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ArticleAustralian billionaire buys R.M. Williams
An Australian billionaire, Andrew Forrest , has bought R.M. Williams , the producer of an iconic Australian outback boot, from L Catterton , a private-equity company backed by LVMH , and some minority shareholders including the Australian actor Hugh Jackman . No financial details were disclosed but the Australian ...
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News briefsLVMH’s Fashion & Leather Goods division grows in Q3
LVMH ’s nine-month revenues fell by 21 percent to € 30,348 million, with organic sales also declining by 21 percent, due to the impact of the Covid-19 pandemic. In the sole third quarter, revenues were down by only 7 percent on an organic basis thanks to a return to ...
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News briefs
Nicholas Kirkwood takes back brands from LVMH
The British designer Nicholas Kirkwood is taking back his namesake luxury shoe brand from LVMH after a seven-year partnership. The French conglomerate said that the decision was mutual and amicable and that it would continue supporting Kirkwood over the coming months to ensure a smooth transition. No ...
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Article
LVMH first-half revenues down by 27%
LVMH ’s first-half revenues fell by 27 percent to €18,393 million, with organic sales declining by 28 percent, due to the impact of the Covid-19 pandemic. The French luxury goods group has observed strong signs of an upturn in activity since June, but remains “very vigilant” for the rest of ...
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News briefs
LVMH saw ‘rather vigorous’ signs of recovery in June
The French luxury goods group LVMH says that it does not have a timeframe for when its business will return to normal but it noted “rather vigorous” signs of recovery in June. Speaking at the group’s annual general meeting, its chairman and chief executive Bernard Arnault warns ...
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News briefs
Global children’s footwear market seen up annual 4% to 2024
The global market for children’s footwear is expected to grow by $8.65 billion between 2020 and 2024, representing an average annual increase of almost 4 percent, with the launch of exclusive designer footwear being instrumental in driving the market higher, according to the research and advisory firm Technavio. In a ...
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News briefs
LVMH donates ventilators, makes masks
LVMH , the luxury giant controlled by Bernard Arnaul t, is donating 261 ventilators to French hospitals to help fight the coronavirus pandemic. Twenty of these devices have already been delivered to hospitals, according to Bloomberg . LVMH has also reopened 12 of its 16 Louis Vuitton handbag factories ...
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News briefs
Tourism drought expected to reduce European luxury sales
LVMH said it expects revenues to drop by 10 to 20 percent year-on-year in the first quarter of 2020, as restrictions to combat the Covid-19 pandemic have forced the group to close production sites and stores in several countries. Separately, the bank RBC Europe said that overall global ...
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Article
LVMH grows by 15%
The world’s largest luxury goods group is going from strength to strength. A 20 percent increase to €22.2 or €18.4 billion for the revenues of its Leathergoods and Fashion division, which includes market stars like Louis Vuitton and Christian Dior , helped LVMH to post an overall sales increase of ...
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News briefs
LVMH producing hand gel
LVMH is backing the fight against the novel coronavirus disease in France by using its production facilities for fragrances to make large quantities of hydro-alcoholic gel, which are in scarce supply in the country. They will be donated to French authorities free of charge.
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