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The Latest Breaking News from LVMH

LVMH Watch Week 2024 set the watch trends for the year ahead

LVMH Watch Week 2024 set an optimistic tone – here are the watches to look out for this year

Wallpaper

Zenith launches a new triple calendar chronograph at LVMH Watch Week

Zenith’s LVMH watch novelties include a grand return of its triple calendar chronograph

Paris Good Fashion celebrates five successful years of sustainable fashion initiatives

Discover the achievements of Paris Good Fashion in promoting sustainable fashion, from mapping eco-responsible actors to launching citizen consultations an...

Top News

CEO behind Drake's $400K bed doesn't consider his mattresses to be 'luxury products'

Jan Ryde, the fifth-generation CEO of Hästens, is the supplier to the Swedish Royal family and his beds have appeared in Netflix hit Emily in Paris.

Fortune

LVMH is fed up of fake goods being sold on TikTok—so it is in talks to join forces with the video platform to stop it

The issue of counterfeit luxury goods online goes far back—well before TikTok became a Gen Z craze.

Fortune

Gen X drugmaker is coughing up millions for Paris Olympics sponsorship to show Gen Z and millennials it's a cool place to work

Sanofi is hoping the exposure will help put the brand in front of prospective young talent which it has struggled to recruit.

Fortune

Welcome to the era of 'normalization': Why Wall Street is convinced consumers will get comfortable with some economic pains in 2024

Taking a look across the outlooks for next year, there's one word that stands out from Wall Street. "Normal."

Fortune

LVMH and Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers' wallets

“What we’ve observed in 2023 is a rebalancing of customer appetite," Bain expert says of the luxury industry.

Fortune

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Fortune

'The rich will only get richer' and defy luxury slowdown, says group behind $139,000 speakers

Bang & Olufsen's CEO believes his shoppers will only get wealthier, after the company sold more high margin products last quarter.

International Business Times UK

Hermès Billionaire Decides To Leave His Fortune To Former Gardener

Nicolas Puech has already initiated legal proceedings for the same.

Fortune

Hermès heir plans to adopt 51-year-old gardener to pass on $11 billion fortune

Nicolas Puech, who is unmarried and childless, is a fifth-generation heir of Thierry Hermès, who founded the luxury fashion house in 1837.

Evening Standard

Fashion Power 100 revealed: the hottest industry style players ranked

From designer heavyweights to industry titans and trending ingenues, the Standard has ranked the style world’s most significant figures of 2023 from one to 100

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news in one place.

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Fortune

Luxury property billionaire might have seen his fortune become completely worthless overnight after his firm filed for insolvency

Billionaire real estate mogul Benko has reportedly been trying to sell his yacht amid the collapse of his property empire.

The Guardian - UK

Twelve billionaires’ climate emissions outpollute 2.1m homes, analysis finds

Research shows impact from lifestyles and investments of likes of Jeff Bezos, Bill Gates and Elon Musk

Fortune

Burberry joins LVMH and Gucci in the luxury slump as brand says it may miss its revenue target for the year

Burberry's half-year sales inched up just a little, pointing to a luxury downturn that its rivals like LVMH and Kering have been experiencing.

Evening Standard

Sephora UK's Pauline Dolle-Labbe on the new Stratford store and how the beauty giant is doing in London

Sephora in March launched its first UK physical store since exiting its last ones here by 2005, and now a second London shop will open

Fortune

Prices of high-end Rolex and Patek Philippe watches hit a 2-year low as luxury slump spreads beyond LVMH and Gucci

Pre-owned luxury watches saw a surge in demand during COVID-19—but there's been a sharp reversal since.

The Conversation

Phoebe Philo's fashion frenzy: why her much-anticipated collection sold out within hours

British luxury fashion designer Phoebe Philo OBE, debuted her long-anticipated eponymous label to critical acclaim at the end of October. Despite the eye-watering price tags, the small range of clothing, accessories, jewellery and footwear – only available on the Phoebe Philo website – virtually sold out within hours.

Fortune

Cartier owner Richemont sales disappoint as economic pressures start to pinch even the rich

Luxury giants including Richemont and LVMH are seeing a slump in sales after a high-end spending boom during the COVID-19 pandemic.

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