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LVMH plans to expand eyewear brand Barton Perreira ... The market for eyewear is set to grow 8.5% annually between 2023 and ... attributed the results to a normalization following the boom during ...
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]
LVMH bright spot Sephora was clearly a bright spot for LVMH through 2023. The French behemoth’s head, Bernard Arnault, described its growth “ remarkable ” during an earnings call in January.
LVMH, the largest of the luxury conglomerates, announced its third-quarter earnings this week, and the results were grim. Revenue was down 3% at the Louis Vuitton owner, and for the first time ...
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
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.
In February 2024, it was publicly disclosed that the luxury brand LVMH is in talks to purchase Paris Match from the media conglomerate Lagardère SA. [13] LVMH purchased the magazine in October of 2024 for €120 million.
Burberry joins LVMH and Gucci in the luxury slump as brand says it may miss its revenue target for the year. Prarthana Prakash. November 16, 2023 at 4:39 AM. Jared Siskin—Getty Images for Burberry.