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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 in organic terms of 1%, but beating a ...
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]
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 ...
While LVMH’s champagne and wine sales generated $1.52 billion in revenue in the first half of this year, that’s a 12% decline from the division’s take last year, according to the company’s ...
In January 2016, Catterton, LVMH, and Financière Agache (previously Groupe Arnault), the family holding company of Bernard Arnault, partnered to create L Catterton. [21] The partnership combined Catterton's existing North American and Latin American private equity operations with LVMH and Groupe Arnault's pre-existing European and Asian ...
Soon enough, luxury malls mushroomed in hubs Shanghai and Beijing, ... and comparatively down-market but faster growing retailers like strip-mall fixture Ulta Beauty and LVMH’s Sephora.