LVMH Moët Hennessy - Louis Vuitton
This Week: How Deep Will Luxury’s Downturn Go?
Following LVMH’s sales miss, Kering, Hermès and Zegna will offer further insights on how plummeting demand from China is playing out across the sector.
LVMH Results Spell Trouble for Luxury Sector
Fashion revenue at the Louis Vuitton, Dior and Loewe owner fell 5 percent in the third quarter, badly missing estimates.
Inside Luxury’s Slowdown
Economic headwinds, higher prices and a lack of novel design are all weighing on what was previously fashion’s most dynamic segment. LVMH’s quarterly results Tuesday will offer hotly-watched insights on the severity of the slowdown and how long it will last.
This Week: Has Luxury Hit Bottom?
LVMH kicks off earnings season for the sector on Oct. 14, and will likely offer some guidance on whether the category’s problems represent a cyclical bump in the road, or a structural shift.
Kim Jones Exits Fendi, Remains at Dior
The British designer is leaving the Roman fur and leather goods house and will ‘concentrate fully’ on his role as menswear artistic director at LVMH stablemate Dior.
Op-Ed | LVMH Is in the Luxury Driver’s Seat With F1 Deal
Sponsoring the top-class Formula 1 motor racing competition will help the group’s Louis Vuitton and TAG Heuer brands withstand the luxury downturn, writes Bloomberg’s Andrea Felsted.
Moncler CEO Strengthens Grip on Company With LVMH Deal
Remo Ruffini is tightening his control of the outerwear specialist after striking a deal with LVMH, which will take a stake in the Ruffini investment vehicle that is Moncler’s biggest shareholder.
Op-Ed | Why Luxury Stocks Are Headed for the Clearance Bin
Shares in LVMH and Hermès are still waiting for a consumer rebound in China, writes Bloomberg’s Andrea Felsted.
Fashion Executives on Finding Brand Success on TikTok
This September, BoF and TikTok co-hosted an intimate roundtable with executives from the likes of TikTok, LVMH, Calvin Klein, Fendi, Tiffany & Co., Van Cleef & Arpels and E.l.f. Beauty, to discuss how brands can effectively build digital intimacy with their communities and drive commercial results.
Inside Luxury’s Italian Sweatshops Problem
An Italian probe linking luxury labels including Dior and Armani to labour exploitation — with the supply chains of up to a dozen more brands under the microscope — has exposed a seedy practice deeply embedded in the luxury system, creating an unpredictable PR crisis at a precarious time for the sector, a BoF investigation has found.