How Burberry can take on LVMH

18 hours, 33 minutes ago

Harry and Meghan may suffer financial blow next year, expert reveals ‘what is absolutely pivotal’ for their career

A royal commentator has suggested that Meghan Markle and Prince Harry are braced for a financial blow with their Netflix deal ending next year. Harry and Meghan may suffer financial blow next year, expert reveals ‘what is absolutely pivotal’ for their career Harry and Meghan seem to have adopted a new business strategy now, with each focusing on separate projects …

Netflix Meghan Harry Financial Blow

From the world's richest to fifth: The ups and downs of Bernard Arnault

India Today

Once the world’s richest person, Bernard Arnault, chairman and CEO of luxury goods giant LVMH, has seen his fortune take a dramatic hit in 2024. THE RISE AND FALL OF A LUXURY MOGUL Arnault first claimed the title of the world’s richest person in August 2021, fuelled by soaring luxury goods sales in Asia. He is the sole representative of …

Luxury Billion

1 month, 1 week ago

Burberry is being wooed for its chequered past and bright future

Live Mint

The days are getting colder in Europe. Burberry’s iconic product, the trench coat, would benefit from Moncler’s expertise in outerwear but also diversify its suitor away from padded jackets, which tend to sell best at colder times of the year. While Burberry’s products stepped up under former CEO Jonathan Akeroyd and designer Daniel Lee, who remains creative director, the brand …

British Burberry Creative Director Lvmh Arnault Ruffini Moncler

1 month, 3 weeks ago

What could be better than reviving Boohoo? Bring back Topshop instead!

The Independent

The best of Voices delivered to your inbox every week - from controversial columns to expert analysis Sign up for our free weekly Voices newsletter for expert opinion and columns Sign up to our free weekly Voices newsletter SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy After months …

Boohoo Topshop

3 months, 1 week ago

London Fashion Week: Streetwear-inspired trench coats and Y2K revival shine in Spring/Summer 2025 collection

Hindustan Times

With a Spring/Summer 2025 collection reinventing the iconic trench coat with a streetwear edge, English designer Daniel Lee brought a breath of fresh air on Monday to fashion giant Burberry, hit by financial troubles. A model presents a creation for Burberry's Spring/Summer 2025 fashion show collection, during the London Fashion Week. A model presents a creation for Burberry's Spring/Summer 2025 …

Fashion London British London Fashion Week Collection Lee Burberry

5 months ago

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

Hindustan Times

For decades, France’s LVMH has been the face of luxury for the wealthy who tote Louis Vuitton bags, don Christian Dior clothing, spritz Bulgari perfume and sip Veuve Clicquot Champagne. LVMH - The world's dominant luxury group With a major sponsorship role aimed at burnishing the image of the Games and the French capital, it's a new chapter in LVMH's …

France Olympics Luxury Games French Forbes Paris

5 months ago

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. LVMH's cosmetics brand Sephora “We …

France Olympics Luxury Games French Forbes Paris

5 months ago

Tasty haute couture: Why certain food and fashion collabs just make sense

Salon

Last month, luxury fashion line Kate Spade New York and Heinz, the food processing company best known for its ketchup, announced that they were joining forces to launch a limited-edition, saucy fashion collection. “Kate Spade New York shares many values with Heinz — from creating products of the highest quality that are expertly crafted by masters and leave no detail …

Food Fashion Bag Red New York Line York

5 months ago

MARKET REPORT: Burberry slumps 7.2% in chequered week for label

Daily Mail

Burberry ended its dismal week in the red amid fears that further profit warnings could be down the road. Shares in Burberry – now on its fourth boss in ten years – slumped 7.2 per cent, or 54.4p, to 697.6p. That took losses for the week to more than a fifth – its worst performance since November 2008, when shares …

Cent Shares Burberry

5 months, 1 week ago

Richemont: luxury group in sights of LVMH'S Arnault?

Hindustan Times

The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South African billionaire Johann Rupert, always dismisses. Jewellery makes up 69 percent of Richemont's turnover thanks to Cartier, its flagship brand nicknamed the "jeweller of kings and the king of jewellers" for its links with royalty. The …

Luxury Brand Cartier Group Swiss Rupert Turnover

5 months, 1 week ago

Burberry appoints a new CEO as the fashion house warns it expects a first-half operating loss

Associated Press

LONDON — British luxury fashion house Burberry said Monday it has appointed Joshua Schulman, formerly head of Michael Kors and Coach, as its new chief executive officer as the company warned it expected to record an operating loss in the first half of the year amid slumping retail sales. Burberry said Schulman, 52, replaces Jonathan Akeroyd, who would step down …

Luxury Schulman Operating Loss Fashion House Burberry Appoints

6 months, 2 weeks ago

LVMH Lines Up Next CFO as Luxury Empire’s Succession Stakes Grow

Live Mint

-- LVMH has chosen an eventual successor to its long-time chief financial officer as billionaire Bernard Arnault prepares a new generation of leaders to steer the world’s biggest luxury group. The parent company of Louis Vuitton appointed Cecile Cabanis as deputy finance director, reporting to CFO Jean-Jacques Guiony. This week, the world’s wealthiest person named his son Frederic Arnault, 29, …

Billion Cfo Lvmh Guiony Arnault Cabanis

7 months ago

Why a shabby luxury brand is hard to fix

Live Mint

Fancy labels fray easily. Burberry is now trying this tactic: Bags designed by the company’s new creative director, Daniel Lee, are 58% more expensive than those they replace, Bernstein data shows. Anyone smart enough to buy Kering’s stock in mid-2016, right before a previous Gucci revamp ignited sales, was sitting on a 520% return including reinvested dividends five years later. …

Price Sales Gucci Bernstein Burberry Luxury Brands Ferragamo

7 months ago

LVMH deepens partnership with Alibaba to boost tech presence in China

Hindustan Times

French luxury group LVMH will deepen its partnership with Alibaba to leverage the firm's cloud and artificial intelligence capacities and boost its presence in China, the companies said on Wednesday. The partnership also illustrates the growing focus of the high end luxury brands on improving online shopping, even as they invest in ever-more sophisticated physical retail stores. LVMH has around …

Luxury China Chinese Lvmh

8 months ago

Why Louis Vuitton and Dior are still wardrobe staples

Live Mint

Back in January, Bernard Arnault, founder and chief executive officer of LVMH, said he would be perfectly happy with 8%-10% sales growth for the group’s fashion and leather goods division this year. LVMH said group sales excluding currency movements and mergers and acquisitions rose 3% in the three months to 31 March, broadly in line with analysts’ expectations. Even if …

Europe Sales Chinese Consumers Dior Leather Goods Louis Vuitton

8 months, 1 week ago

Louis Vuitton and Dior Are Still Wardrobe Staples

Hindustan Times

Back in January, Bernard Arnault, founder and chief executive officer of LVMH, said he would be perfectly happy with 8%-10% sales growth for the group’s fashion and leather goods division this year. LVMH said group sales excluding currency movements and mergers and acquisitions rose 3% in the three months to March 31, broadly in line with analysts’ expectations. Even if …

Europe Sales Chinese Consumers Dior Leather Goods Louis Vuitton

9 months, 2 weeks ago

B&M billionaire sells luxury London mansion at 30% loss

Hindustan Times

A British billionaire has sold his London mansion at a loss of about 30%, the latest example of weak demand forcing steep discounts in the city’s property market. A British billionaire has sold his London mansion at a loss of about 30%, the latest example of weak demand forcing steep discounts in the city’s property market Bobby Arora, trading director …

London Property Million Sold Belgravia Arora

11 months, 1 week ago

REVEALED: Buying a coveted Hermes Birkin or Kelly bag can net you a HUGE profit on the resale market - but there's two popular luxury brands whose purses lose up to 50% of their value

Daily Mail

Not all designer brands are equally rewarding on the secondhand market, with used Louis Vuitton and Dior designs losing value on average Data has revealed that used Hermès bags cost 25 percent more than new ones Some designer handbags could be more valuable investments than real estate or stocks Re-selling coveted designer bags can make savvy investors a ginormous profit …

Real Estate Luxury Market Bags Bag Value Real

11 months, 1 week ago

Burberry’s share price hit as luxury brand warns about lower trading over crucial Christmas period

Associated Press

LONDON — Burberry, the London-based luxury goods fashion house, warned Friday that profits this year would be lower than anticipated as wealthy shoppers, particularly in the Americas, tightened their belts during the crucial Christmas trading period. In a statement, the company said its recent trading had been hit by a continued “slowdown in luxury demand” after rises in the cost …

Luxury Burberry

11 months, 1 week ago

Are the middle classes killing off luxury fashion? Stella McCartney would really like to know

The Independent

From Paris’s chic Marché Saxe-Breteuil, the likes of Robert Downey Jr, Cate Blanchett and Chris Rock could glimpse the Eiffel Tower while taking in Stella McCartney’s fashion show. Luxury market expert Till Dudler, managing director at consultancy giant Accenture, said: “This is not an easy time, and the next year is going to be tough… it will be survival of …

Fashion Luxury Market Price Cent Paris Mccartney

1 year, 3 months ago

How Burberry evolved from humble raincoat maker to luxury fashion giant

The Independent

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

British London Fashion Week Check Bailey Our Weekly Guide Burberry Nova

1 year, 3 months ago

Rolex’s direct retail stake may shake up a big seller’s market

Live Mint

You can’t buy shares in Rolex SA. The purchase probably delivers a better outcome for Rolex than seeing Bucherer fall into the hands of a private equity group or Bernard Arnault’s Louis Vuitton Moet Hennessy. Jean-Philippe Bertschy, an analyst at Vontobel Wealth Management, estimates that Rolex will generate annual sales of over 10 billion Swiss Francs this year; Bucherer will …

Sales Bucherer Wos Swiss Retail Rolex Watches Rolex Sa

1 year, 4 months ago

Opinion: Wall Street predators destroyed Toys ‘R’ Us. Now they’re coming for Simon & Schuster

LA Times

When new owners drove Toys ‘R’ Us into bankruptcy for a quick profit, they cost 33,000 workers their jobs. For a glimpse of their future — and tips on how to fight back — Simon & Schuster authors and employees might want to chat with the former workers of Toys ‘R’ Us. The new owners eliminated positions and offloaded responsibilities …

Equity Workers Debt Private Equity Toys Private Street

1 year, 4 months ago

Big fashion is getting bigger. Parent of Coach will buy Versace owner Capri in $8.5 billion deal

Associated Press

NEW YORK — Tapestry, the parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings. Tapestry Inc., whose brands also include Kate Spade and Stuart Weitzman, said Thursday that the combined company had global annual sales of more than $12 billion and has a presence …

Market Share Billion Coach Euro Capri Tapestry

1 year, 4 months ago

Simon & Schuster CEO says there’s no need to be ‘nervous’ about new owner KKR

LA Times

Paramount announced a deal Monday to sell Simon & Schuster, home to Stephen King, Taylor Jenkins Reid, Colleen Hoover and many bestselling nonfiction authors, to the private investment giant KKR for $1.62 billion after a $2-billion-plus sale to publishing giant Penguin Random House was nixed last October. I believe that they are committed to helping us grow and become even …

Publishing Company Think Paramount Simon Penguin Random House Kkr

1 year, 5 months ago

Luxury group LVMH joins top-tier French sponsors of the 2024 Paris Olympics and Paralympics

Associated Press

PARIS — The world’s biggest luxury group, LVMH Moët Hennessy Louis Vuitton, announced a sponsorship deal Monday with the 2024 Paris Olympics and Paralympics, joining the ranks of top-tier French sponsors such as banking group BPCE, pharmaceutical maker Sanofi and supermarket operator Carrefour. Antoine Arnault, one of the heirs to the LVMH empire, confirmed the deal during a news conference …

Olympic French Paris Lvmh

1 year, 5 months ago

Kim Kardashian’s Skims is now worth $4bn

The Independent

Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more Stay ahead of the curve with our weekly guide to the latest trends, fashion, relationships and more SIGN UP I would like to be emailed about …

Brand Company Kim Kardashian Our Weekly Guide Skims

1 year, 5 months ago

Gucci's CEO is stepping down as its French parent shakes up leadership

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Marco Bizzarri will depart the …

Sign Email Gucci Ceo Palus Kering Bizzarri

1 year, 5 months ago

Gucci’s CEO is stepping down as its French parent shakes up leadership

Associated Press

LONDON — The president and CEO of Gucci is stepping down later this year, the latest shakeup to the luxury fashion brand and coming as part of a series of changes to its parent company, the French conglomerate Kering. Marco Bizzarri will depart the Italian design house in September after eight years at the helm, with Kering saying Tuesday that …

Gucci Ceo Palus Kering Bizzarri

1 year, 5 months ago

The lust for luxury brands

Deccan Chronicle

This lust for expensive goods is a global phenomenon; has affected India too. Suryajit Singh, scion of the erstwhile royal family of Kapurthala and Managing Partner at JMC, a global luxury brand management consultancy that provides commercial growth strategies to brands across industries, names two reasons for the increased spending on luxury goods. Further, trends show that Gen-Z shop more …

Luxury Wealth Indian Brands Luxury Brands Luxury Goods

1 year, 8 months ago

Louis Vuitton-owner LVMH becomes Europe’s first $500bn company

The Telegraph

In the latest update from LVMH earlier this month, the company said sales were up 17pc in the first three months of the year amid what it branded a "significant rebound" in Asia. LVMH has not been alone in enjoying a bump from the return of Chinese shoppers into stores, with rival luxury company Burberry reporting "some very promising signs …

China Chinese

1 year, 8 months ago

Bernard Arnault’s succession dilemma – which of his children will inherit his luxury empire?

The Telegraph

When Bernard Arnault was asked in 2015 what got him out of bed in the morning, he was adamant that it was not money. While succession planning is said to have been on Arnault’s mind for decades, now – at the age of 74 – the question of who will take over from him at LVMH is looming large. Not …

Lvmh Succession Dilemma

1 year, 9 months ago

Who is Bernard Arnault, the man who became world's richest person overtaking Elon Musk

India TV News

Elon Musk, the CEO of Tesla and SpaceX, has lost his title as the world's richest person just two days after reclaiming it. According to the Bloomberg Billionaires Index, Musk's net worth was estimated to be $187.1 billion on March 3, but it fell by $1.9 billion on March 4 after Tesla shares dropped by over 7%, following Musk's unimpressive …

Musk French Louis Vuitton Lvmh Bernard Arnault Arnault

1 year, 9 months ago

How Cartier can craft the future of luxury

Live Mint

Just days after Louis Vuitton tapped Pharrell Williams to be its top menswear designer, might it now have its eye on the Kardashians, too? Alongside Richemont’s Van Cleef & Arpels and LVMH’s Bulgari, Arnault’s group would become a jewelry powerhouse. As for Rupert, who owns 10% of Richemont shares and 51% of the voting rights, a deal would resolve any …

Luxury Cartier Deal Rupert Gucci Lvmh Richemont

1 year, 10 months ago

World’s richest woman, L’Oreal heiress bolsters family’s investment firm

Hindustan Times

Francoise Bettencourt Meyers, the world’s richest woman, is bolstering her family’s investment company with a hire from McKinsey & Co. amid a surge in the value of L’Oreal SA, the cosmetics giant founded by her grandfather. The heiress’s Tethys Invest SAS has named Cyrielle Villepelet as managing director to work alongside Chief Executive Officer Alexandre Benais, according to a statement …

Meyers Bettencourt Meyers Heiress Bolsters

1 year, 10 months ago

Why LVMH is still the behemoth on the bling block

Live Mint

Even the mighty LVMH Moet Hennessy Louis Vuitton SE can’t escape the distress in China. LVMH’s second-half operating margin also came in below expectations as the company increased marketing spend by 30% in that period while also suffering from the downturn in post-Covid Zero China. Yet organic sales growth is still ahead of analysts’ expectations, as well as the performance …

China Sales Chinese Louis Vuitton Lvmh

1 year, 11 months ago

Burberry’s boosted sales dragged down by Covid lockdowns in China

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Years of frequent lockdown restrictions …

Europe Brand Covid Sign Burberry Mainland China China Sales

1 year, 11 months ago

New Dior boss Delphine Arnault is daughter of current owner Bernard

Daily Mail

She is the new boss of Christian Dior. Ms Arnault was credited with keeping the brand afloat in 2011 following widely publicised revelations of an anti-Semitic outburst in Paris by its British creative director John Galliano that led to his sacking Mr Arnault has appointed Delphine, oldest of his five children, as his heiress apparent as he tightens the family's …

Fashion France London French Elon Musk Christian Rihanna

2 years ago

How Bernard Arnault built LVMH into a global luxury empire

Live Mint

Bernard Arnault, who with his family now tops the wealth of Elon Musk, gradually built LVMH into a global luxury empire by buying up iconic brands, sealing his reputation as a formidable and insatiable businessman. 'Invest in something promising' Arnault was born in the northern French city of Roubaix on 5 March 1949 and joined his father's public works building …

France French Louis Vuitton Lvmh Arnault Luxury Group Radio Classique

2 years ago

Bernard Arnault Dethrones Elon Musk to Become World's Richest Person

News 18

Bernard Arnault — who with his family now tops the wealth of Elon Musk — gradually built LVMH into a global luxury empire by buying up iconic brands, sealing his reputation as a formidable and insatiable businessman. A decade later — by which time LVMH’s annual sales had more than doubled to over 64 billion euros — he told France’s …

France French Group Louis Vuitton Lvmh Arnault Radio Classique

2 years, 2 months ago

Burberry’s creative director leaving in shake-up at the top

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Luxury fashion house Burberry has …

Burberry Mr Akeroyd

2 years, 4 months ago

What inflation? People can’t stop buying Louis Vuitton bags

Live Mint

LVMH sales jumped in the second quarter as the owner of Louis Vuitton bags and Dom Perignon Champagne continued to thrive despite lockdowns in China and soaring inflation. The world’s largest seller of luxury goods followed Richemont and Burberry Group Plc in posting results that show the appetite for luxury goods remains even as prices increase, the global economic outlook …

China Louis Vuitton

3 years ago

Forget IRL Bling. What About Rolex, Hermes and Gucci NFTs?

Live Mint

Time to get ready for the party. LVMH Moet Hennessy Louis Vuitton SE, Burberry Group Plc, Moncler SpA, Ralph Lauren Corp. and Kering’s Gucci have all participated in gaming collaborations. According to Morgan Stanley, luxury groups could generate sales of about 10 billion euros from gaming by 2030, although this could be as high as 25 billion euros in its …

Luxury Gucci Burberry Virtual Morgan Stanley Louis Vuitton Nfts

3 years, 1 month ago

Starling Bank takes aim at overtaking Big Five rival Barclays

The Independent

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Starling Bank has revealed aims …

France Market Bank Group Starling Ms Boden

3 years, 4 months ago

Why people can’t get enough of Louis Vuitton handbags

Live Mint

Sales of Louis Vuitton handbags and the easing of lockdowns across the world helped revenue soar at fashion houses owned by LVMH. Demand for fashion and leather goods, particularly at Louis Vuitton, Christian Dior, Fendi and Celine, fuelled the gain and showed consumers’ appetite for luxury goods as they emerge from pandemic restrictions and vaccination campaigns accelerate. Organic revenue at …

Paris Half Louis Vuitton Guiony

3 years, 5 months ago

LVMH adds Off-White to its luxury brand list

Live Mint

French luxury group LVMH said on Tuesday it will buy a 60% stake in its star menswear designer Virgil Abloh's Off-White steetwear label and expand his role within the spirits-to-jewellery conglomerate. Abloh, 40, was hired to create menswear collections for Louis Vuitton, LVMH’s biggest revenue driver, in March 2018 as the group sought to breathe new life into some labels …

Brand Statement Lvmh

3 years, 6 months ago

Louis Vuitton takes the AI route

Live Mint

Google won a deal to tap its artificial intelligence to help the French owner of Louis Vuitton and Christian Dior provide wealthy customers with a personalized experience when they shop online. The Alphabet Inc. unit will also work with luxury-goods powerhouse LVMH’s individual brands to enhance demand forecasting and inventory management and help better recommend targeted products to clients, top …

Google Ai Louis Vuitton Google Cloud Cloud Market

How Burberry can take on LVMH

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