LVMH Moët Hennessy - Louis Vuitton
LVMH Revenue Slip Signals Continued Gloom for Luxury
The Louis Vuitton and Dior owner’s revenues fell for a second consecutive quarter, suggesting even the sector’s strongest players are struggling to buck a slowdown in demand for high-end brands.
Investors Pressure LVMH on Labour Rights After Dior Linked to Italian Sweatshops
Some shareholders are asking the luxury giant to take more aggressive steps to monitor its supply chain after Italian prosecutors alleged factories manufacturing for Dior exploited workers.
Tiffany’s Staff Exits Test LVMH’s Turnaround Playbook
Ambitious sales targets and lower commissions for some salespeople have led them to defect for competitors, taking some of their loyal clients with them.
Kering, LVMH and Hermès Confront Luxury’s ‘Underconsumption’ Problem
All three companies will report results amid a sharp downturn in demand in key markets. That, plus the Olympics kick off in Paris.
Why Luxury Brands Are Investing in China’s Art Scene
Chanel, Prada, Hermès, Loewe and Louis Vuitton have been collaborating with museums, artists and art fairs in China to generate marketing buzz and expand their client base amid a slowdown in the key luxury market.
Op-Ed | LVMH Has Already Won Gold
Whoever brings home the medals at the Paris Olympics later this month, the French owner of Louis Vuitton and Dior will have a starring role in the games.
Arnault Said to Have Bought Stake in Richemont
The stake was described by a source as “small” and part of a broader Arnault family-owned portfolio of investments in publicly listed companies.
Italian Sweatshop Probe Is a Wake Up Call for Luxury Brands
An investigation into labour exploitation in fashion’s Italian supply chains has already entangled Armani and LVMH, accusing the companies of failing to adequately oversee their suppliers. Incoming EU regulation means such lapses in oversight could soon come with penalties of up to five percent of global revenue.
Op-Ed | The Myth of Ethical Luxury
Beneath luxury’s glamorous surface lies a network of supply chains tangled with the same labour abuses as fast fashion. Brands can, and should, do better, argues Caterina Occhio.
The Court Administration Faced by LVMH and Armani Units, Explained
An Italian court has placed subsidiaries of the two luxury businesses under external supervision amid an ongoing probe into labour abuses in big brands’ supply chains.