France
LVMH with 16% revenue growth
Moët Hennessy Louis Vuitton, one of the world’s leading luxury products group, recorded a 16% increase in revenue, reaching 38.4 billion euros in the first nine months of 2019
US is the main destination of Brazilian footwear exports
According to data prepared by the Brazilian Footwear Industries Association (Abicalçados), 9.47 million pairs were shipped in August, 7.4% more than in the same month of 2018
Hermès in expansion mode
The French-based luxury house announced the creation of a new leather goods workshop straddling the villages of Tournes and Cliron (Ardennes) by 2022
Kering: another step away from Puma
Kering launches an offering of bonds exchangeable into existing ordinary shares of Puma due 2022 for a nominal amount of 500 million euros. Another step by Kering to reduce its remaining stake in Puma
Kering appoints new Chief Diversity, Inclusion and Talent Officer
According to the group the appointment of Kalpana Bagamane Denzel as Chief Diversity, Inclusion and Talent Officer signals a new stage in Kering’s determined action in support of diversity
Kering commits to full carbon neutrality
The entire group is focusing on becoming carbon neutral within its own operations and across the entire supply chain. As a next step in its long-term commitment to sustainability, Kering will offset the Group’s annual Greenhouse Gas (GHG) emissions from 2018
LVMH's engagement with environment and biodiversity
The group announced the acceleration of its commitments to protect biodiversity during an event held in Paris centred on the LVMH Initiatives for the Environment program (LIFE program)
Excellent first half for LVMH
One of the world's leading luxury groups recorded revenue of 25.1 billion euros in the first half of 2019, up by 15%. Organic sales at LVMH grew by 12% compared to similar period in 2018
Kering: strong growth in revenue
The French-based luxury group has announced two digit growth for the first half of the year with 18.8% for year on year revenue growth
Sonia Rykiel faces liquidation
After a restructuring process the company elected no winning bid and is now facing liquidation and will now work to close stores around the world
Hermès: Asia continues to drive sales growth
The Paris-based luxury group confirmed its strong sales momentum over the first half of 2019 reporting 12% growth at constant exchange rates and 15 % at current exchange rates
Stella McCartney and LVMH in partnership
Both parties have reached an agreement to further develop the Stella McCartney House. Stella McCartney and LVMH will detail the full scope of the deal later in September
Chanel appoints first Senior Executive for Diversity
Fiona Pargeter is joining Chanel from Swiss Bank UBS where she was head of Diversity and Inclusion for Europe, the Middle East and Africa
Chanel acquires stake in Italian tannery
The French luxury brand took another step in its strategy to reinforce its production process by acquiring a stake in Conceria Samanta, an Italian tannery company specialized in printed leathers, which has been its supplier for several years-
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