Search results
Results from the WOW.Com Content Network
High-end brands like LVMH and Gucci-owner Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers’ wallets Prarthana Prakash December 25, 2023 at 4:30 AM
LVMH reported its first-quarter sales surged 17% from a year ago, beating analyst expectations, driven by a rebound in China’s luxury market from the decline it experienced during the pandemic.
In March 2022, LVMH announced closure of its 120+ stores in Russia, "given the current circumstances in the region," [46] due to the Russo-Ukrainian War. An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. [46] On 14 February 2023, Pharrell Williams was named creative director of ...
November 27, 2023 at 7:21 AM. ... So far this year, the publication reports that his net worth is up by around 3.5%. Alain Wertheimer, ... such as LVMH and Kering, ...
An LVMH spokesperson stated the company would continue to pay salary and benefits to its 3,500 employees in Russia. [51] In November 2022, it was announced LVMH had acquired the Piedmont-based jewelry maker Pedemonte Group. [52] On 24 April 2023, LVMH became the first European company to reach a $500 billion valuation. [53]
This list displays all 24 French companies in the Fortune Global 500, which ranks the world's largest companies by annual revenue. The figures below are given in millions of US dollars and are for the fiscal year 2023. [1] Also listed are the headquarters location, net profit, number of employees worldwide and industry sector of each company.
The 2023 edition of the prize drew a record of more than 2,400 applicants. A jury made up of LVMH’s famous creative directors will ultimately select the victors ahead of a prize ceremony on June ...
Andrea Guerra (born 26 May 1965) is an Italian businessman who presently is the CEO of Prada, a position he has held since 2023. Guerra was formerly CEO of Luxottica from July 2004 to August 2014. [1] Before that, he worked for ten years in Merloni Elettrodomestici, now Indesit, rising to managing director.