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In 1996, LVMH acquired the majority share of DFS Group, [10] buying out partners Feeney, Parker, and Pilaro and setting a new focus on the combined elements of travel and luxury. [11] It developed a merchandising strategy based around five core categories – Beauty and Fragrances; Fashion and Accessories; Watches and Jewelry; Wines and Spirits ...
In November 2013, LVMH created the LVMH Young Fashion Designer Prize, which comes with a €300,000 grant with a year of mentoring; it was the brainchild of Delphine Arnault. [100] In February 2014 20 finalists for the inaugural prize were shown in London, including Simone Rocha, Thomas Tait, Meadham Kirchhoff, Marques'Almeida , J JS Lee, and ...
LVMH's fashion division, home to its top earning Louis Vuitton and Dior labels, reported fourth-quarter sales of 11.1 billion euros, a year-on-year decline of 1%, but beating a consensus forecast ...
As LVMH is a bellwether for the luxury industry, it bodes ill for other retailers. The Dior and Louis Vuitton owner reported disappointing earnings. As LVMH is a bellwether for the luxury industry ...
As of 2014, Richemont is the second-largest luxury goods company in the world after LVMH. ... In 1998, Richemont bought a controlling stake in Shanghai Tang. [28]
LVMH dethrones Novo Nordisk as Europe’s most valuable company as Bernard Arnault adds $12 billion to net worth in 2025. Ryan Hogg. Updated January 20, 2025 at 9:40 AM.
Initially, Shanghai Tang was a fashion house for custom high-end tailoring, employing tailors from Shanghai who left during the Communist Revolution. [9] Tang expanded his business to sell ready-to-wear items in 1996. [10] The name Shànghǎi Tān (上海 灘) literally means "Shanghai beach" and refers to the Shanghai Bund, and by extension ...
In February, global luxury leader LVMH (Louis Vuitton Moët Hennessy) launched 22 Montaigne Entertainment, signaling its intent to explore film, TV and audio for the brands. At its helm is Anish ...