France
After Milan, Paris announces digital fashion week
Yesterday Camera della Moda has announced the first Milano Digital Fashion Week. In the same day the Fédération de la Haute Couture et de la Mode announced it is organizing a Paris Fashion Week online event
Kering announces quarter heavily impacted by Covid-19
The luxury group has announced consolidated revenue in the first quarter of 2020 of 3 203.2 million euros, down by 15.4%, as reported (-16.4% on a comparable basis)
LVMH says its first quarter showed good resilience
The French-based luxury group recorded revenue of 10.6 billion euros for the first quarter of 2020, down by 15% compared to the same period in 2019 and down by 17% on an organic basis
LVMH cancels prize final and launches solidarity fund
As a result of the Covid-19 pandemic, the final of the 7th edition of the LVMH Prize for Young Fashion Designers, originally scheduled on 5th June 2020 at the Louis Vuitton Foundation, has been cancelled
Hermès reduces proposed dividend
The French luxury goods group said it has decided to reduce its planned 2020 dividend to shareholders in order to implement some measures to response to the coronavirus outbreak
Chanel workshops to make face masks
The French-based luxury fashion group said it will launch production of face masks to increment the supply in France, as the coronavirus spreads across the country
Chanel closes production sites
The France-based luxury house announced it has decided to close its core production sites in three European countries: France, Italy and Switzerland, either completely or partially
Kering donates 2 million euros to hospitals
The French-based group, owner of brands such as Gucci, Yves Saint Laurent or Balenciaga has announced their contribution to the fight of the coronavirus outbreak
LVMH changes production from perfumes to hand sanitizer
The French-based luxury giant announced its production facilities for the cosmetics branch will start to manufacture large quantities of hydro-alcoholic gel
Kering announces year of sustained profitable growth
The French-based luxury goods group, owning brands such as Gucci, Saint Laurent and Bottega Veneta, amongst others, posted record sales in 2019, with double digit growth in revenue
Louis Vuitton and NBA in partnership
The France-based luxury label has announced a partnership with the US National Basketball Association (NBA). Louis Vuitton will also become the official Trophy Travel Case Provider
Brazilian exports cross the 965 million US dollars threshold
Data gathered by the Brazilian Footwear Industries Association (Abicalçados) indicates that 114.55 million pairs of shoes were shipped abroad between January and December, generating 967 million US dollars in exports in 2019
Saint Laurent to open new leather goods factory in Italy
French luxury brand Saint Laurent, which belongs to the Kering group, will open a new location for handbags and wallets near Florence
LVMH names Hélène Valade Director of Environment
French luxury group LVMH has just appointed Hélène Valade as Director of Environmental Development. The executive replaces Sylvie Bénard, who will retire after 26 years in office-
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