All LVMH articles – Page 4
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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 growth in ...
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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 financial details were ...
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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 the ...
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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 that second-quarter results ...
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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 Arnault, 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 to sew non-surgical face ...
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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 retail sales ...
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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 15 ...
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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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