AIX-EN-PROVENCE, France (Reuters) – China’s anti-dumping probe into Europe’s cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at Hennessy cognac owner LVMH said on Saturday. China announced plans on Friday for a hearing on European brandy imports, ramping up tension on the same day the European […]
AIX-EN-PROVENCE, France (Reuters) – China’s anti-dumping probe into Europe’s cognac industry is a tit-for-tat reaction to European Union tariffs on Chinese electric vehicles, the finance chief at Hennessy cognac owner LVMH said on Saturday. China announced plans on Friday for a hearing on European brandy imports, ramping up tension on the same day the European […]
PARIS (Reuters) — LVMH shares rose on Wednesday, after first quarter sales figures from the world’s largest luxury group offered an element of reassurance to investors concerned about the industry’s outlook, particularly in China. Shares of LVMH, the owner of brands such as Louis Vuitton, Tiffany & Co. and Bulgari, were up by around 2% […]
PARIS — In the latest chapter of a generational changing of the guard, LVMH Moët Hennessy Louis Vuitton announced that Toni Belloni, one of Bernard Arnault’s most trusted lieutenants, will relinquish his key duties at the French luxury conglomerate and hand over his responsibilities to Stéphane Bianchi. After more than 23 years working alongside Arnault, […]
A little less Best Buy, a little more Louis Vuitton. While conceptualizing the very first Apple Stores, the late Steve Jobs wanted the iPhone maker’s retail experience to evoke luxury flagship stores—much to his peers’ criticism. In search of guidance, Jobs turned to the king of luxury (and future richest man in the world, for […]
(Bloomberg) — LVMH sales rose at the end of last year as wealthy shoppers treated themselves to the group’s pricey handbags and Champagne, a sign of resilience at the world’s largest luxury conglomerate. Most Read from Bloomberg Revenue grew 10% on an organic basis in the final three months of last year, the Paris-based company […]