World Footwear

LVMH

LVMH reports continued growth

Oct 18, 2021 / France
In the first 9 months of 2021, the French-based luxury group had revenue of 44.2 billion euros, up by 46% year-over-year. The Fashion & Leather Goods segment registered exceptional growth

LVMH plans to recruit 25 000 young people by the end of 2022

Sep 29, 2021 / France
The luxury group is launching several initiatives to provide access to training and employment for young people, under the age of 30, from all backgrounds

Kering and LVMH announce measures to safeguard biodiversity

Sep 21, 2021 / France
The two luxury groups announced new initiatives to support biodiversity at the IUCN World Conservation Congress, held in Marseilles from the 3rd to the 11th of September, recognizing, thus, the luxury’s reliance on the natural world

LVMH signs pact to promote and protect specialised skills

Aug 12, 2021 / France
The “WE for ME” pact for the Métiers d’Excellence reinforces the commitment of the 75 Maisons of the luxury group to craftsmanship and diversity, with special emphasis on passing on the savoir-faire to the next generations

LVMH to buy majority stake in Off-White

Jul 20, 2021 / France
The international luxury group announced the acquisition of 60% of shares of Off-White LLC, owner of the Off-White brand

L Catterton acquires majority stake in Italian-based Etro

Jul 19, 2021 / Italy
Under the agreement, L Catterton Europe will acquire a majority stake in the company, while the Etro family will retain a significant minority. Founder Gerolamo Etro will be appointed as Chairman

LVMH appoints Vanessa Moungar Director of Diversity and Inclusion

Jul 9, 2021 / France
Continuing on its strategy to reaffirm its interest in diversity and inclusion, the French luxury group has just recruited a director of “Diversity and Inclusion”, the Franco-Chadian Vanessa Moungar, known for her commitment to social justice in the world

LVMH acquires 100% of Emilio Pucci

Jun 24, 2021 / France
The luxury giant, which since 2000 owns 67% of the historic fashion house founded in Florence in 1947, will now take full control of Emilio Pucci as it acquired the remainder shares

Guillaume Motte appointed Deputy CEO of LVMH

May 4, 2021 / France
LVMH is strengthening the management of its Fashion Group division, which gathers brands such as Celine, Givenchy, Loewe, Emilio Pucci, Kenzo, Marc Jacobs and Patou. Executive Director Sidney Toledano will now have the support of Guillaume Motte

Nona Source: online resale platform for materials from LVMH Fashion & Leather Goods Maisons

Apr 29, 2021 / France
The French multinational corporation and conglomerate specializing in luxury goods has announced the launch of Nona Source, the first online resale platform for “re-sourcing” materials from the Group’s Fashion & Leather Goods Maisons

Birkenstock sells majority stake to the company behind LVMH

Mar 2, 2021 / Germany
The Germany-based lifestyle brand has reached an agreement to sell a majority stake in Birkenstock Group to L Catterton, the private equity firm, and its affiliates including Financière Agache, the family investment company of Bernard Arnault (owner of LVMH)

LVMH names Chris de Lapuente new CEO of Selective Retailing

Nov 30, 2020 / France
The French-based luxury giant has named Chris de Lapuente as the new Chairman and CEO of LVMH's division of Selective Retailing, effective from January onwards

LVMH: fashion and leather goods division with improved revenue

Oct 21, 2020 / France
The luxury group recorded revenue of 30.3 billion euros in the first nine months of 2020, down by 21%. Revenue was down by 7% in the third quarter, reflecting an improvement in trends, with a return to growth in the Fashion & Leather Goods segment

Nicolas Kirkwood to become independent from LVMH

Sep 18, 2020 / France
The British-based footwear designer and the French luxury conglomerate LVMH will go separate paths going forward. LVMH acquired the Nicolas Kirkwood label in 2013

LVMH with 84% decline in net profit sees recovery in China

Jul 28, 2020 / France
In the first half of the year, LVMH Moët Hennessy Louis Vuitton recorded revenue of 18.4 billion euros in the first half of 2020, down by 27%. Net profit was down by 84% in the period. However, the group already witness recovery in China
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