World Footwear

LVMH

LVMH extends partnership with Alibaba

May 28, 2024 / France
The French-based luxury group has extended its partnership with the Alibaba Group for the next five years to enhance its omnichannel strategies and digital presence in China

Slow start to 2024 for LVMH

Apr 17, 2024 / France
Amid a slowdown in demand for luxury and a challenging geopolitical and economic environment, the French-based luxury group has reported a 3% rise in revenue in the first quarter of 2024

Luxury hit the brakes in 2023

Premium ContentApr 16, 2024 / World
Ahead of the 2024 first quarter results, here’s a look at the sales figures reported by the world’s major luxury players in 2023, which were in general affected by a slowdown in luxury demand

Toni Belloni to step down as LVMH Group’s Managing Director

Mar 28, 2024 / France
After more than 23 years at Arnault’s side, Belloni will step step down as Group Managing Director and Chairman of the Executive Committee of the LVMH Group, effective from the 18th of April

LVMH names new Chairman and CEO of Fashion Group

Feb 1, 2024 / France
The French-based luxury conglomerate has named Michael Burke as Chairman and CEO of LVMH Fashion Group. He succeeds Sidney Toledano, who was appointed Advisor to Bernard Arnault

LVMH reports another strong year

Jan 26, 2024 / France
The French-based luxury conglomerate highlighted a “remarkable performance” from its Fashion & Leather Goods business group, with organic revenue growth of 13% year-on-year in 2023

LVMH’s growth slows in the third quarter

Oct 12, 2023 / France
The French-based luxury conglomerate posted an organic revenue growth of 9% in the third quarter, as compared to an organic growth of 17% recorded in the previous quarters of 2023

LVMH's Métiers d’Art acquires Spanish tannery Grupo Verdeveleno

Sep 29, 2023 / France
The LVMH subsidiary designed to preserve the group's expertise in luxury raw materials and craftsmanship has acquired the Grupo Verdeveleno, a Spanish tannery specialising in exotic skins

LVMH: Premium Partner of the Paris 2024 Olympic and Paralympic Games

Aug 16, 2023 / France
According to LVMH, this partnership will enable the artisans across the group to contribute their creativity, know-how, and sense of French art de vivre to the organization of the high-level sports competition

Strong first half for LVMH

Jul 26, 2023 / France
The luxury group posted a 15% revenue growth and a 30% net profit rise in the first half of 2023, as compared to the same period of 2022, driven by a strong performance in Asia and Europe

LVMH Métiers d’Art acquires majority stake in Italian tannery Nuti Ivo

Jun 7, 2023 / France
LVMH's division aimed at preserving the French-based group's expertise in luxury raw materials and craftsmanship is now a majority partner of the Italian tannery Nuti Ivo SpA Group

LVMH announces first quarter results

Apr 13, 2023 / France
The luxury group has reported a revenue growth of 17% (also organically) in the first quarter of 2023 to 21.04 billion euros, year-over-year, highlighting the rebound experienced in China

Pharrell Williams is Louis Vuitton's new Men's Creative Director

Feb 15, 2023 / France
The luxury Maison has announced the appointment of the musician and entrepreneur Pharrell Williams as its new Men's Creative Director, effective immediately

LVMH posts record annual sales

Jan 27, 2023 / France
The French-based luxury group reported to have reached a revenue of 79.2 billion euros in 2022, with profit from recurring operations totalling 21.1 billion euros, both up by 23% over 2021

LVMH announces major executive changes

Jan 12, 2023 / France
The French-based luxury group has announced that Pietro Beccari, who has led Dior since 2018, will become CEO of Louis Vuitton, while Delphine Arnault has been appointed to succeed Beccari at Dior
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