Chanel a investi 1,1 milliard de dollars pendant la pandémie
Les revenus de Chanel sont peut-être en baisse, mais la maison de luxe est en train de sortir de la pandémie. La maison de couture…
Category: Business
LUXURY INDUSTRY EVENTS 2021/22
The luxury goods industry is increasingly recovering from the pandemic. This can be seen in the international agenda of trade shows, congresses and conferences. Their number…
Burberry criticized for its positions on Xinjiang
Burberry has lost a Chinese brand ambassador and its signature Scottish motif removed from a popular video game, becoming the first luxury brand affected by…
LVMH revenue down by 17% in 2020
Luxury giant LVMH Moët Hennessy Louis Vuitton posted revenue of €44.7 billion in 2020, down by -17% year-on-year. Organic revenue declined by -16% compared to 2019. Profit…
Le marché chinois du luxe survivra-t-il l’augmentation des prix ?
Le marché chinois du luxe est sous pression puisque dans la foulée de l’augmentation des prix d’Hermès au début du mois de janvier, des marques…
Luxury Industry Events 2021
Informing, selling, buying, benchmarking, networking, enjoying … despite covid-19, there are still various good reasons to experience as organizer, exhibitor, client or visitor the multiple…
Richemont & Farfetch form a joint-venture with Ali Baba
It’s now official. While rumors have swirled for several days, Chinese e-commerce giant Alibaba, Swiss luxury group Richemont and British online sales site Farfetch are…
LVMH & Tiffany reach a buyout agreement
The luxury group confirms the rumors that circulated since yesterday about the resumption of negotiations with the American jewelry house. It went for 131,50 dollars…
LVMH/TIFFANY, no breakfast ?
Deal struck before coronavirus lashing the luxury goods market would have been the biggest-ever in the industry. French luxury goods giant LVMH said it would walk away…
France & Italy luxury retail heavily impacted by the ban on American tourists
Americans are important customers for European luxury brands, especially in the crucial summer months, given the majority of American tourists come between May and August.…
LVMH sales drop by 27 %
In an economic and social context weakened by the Covid-19 epidemic, the luxury giant unveils its results for the second quarter of 2020. “Encouraging signs”…
Brooks Brothers files for bankruptcy amid sales decline
U.S. based fashion retailer Brooks Brothers has filed for Chapter 11 bankruptcy court protection from creditors on Wednesday, as it continues to search for a buyer. The…
LVMH / Tiffany still not a done deal
Uncertainty prevails between the two entities. Faced with the fragility of the luxury market in the United States, the acquisition of the American jewelry house…
Le conflit avec la Chine pourrait heurter durement le retail US
Les relations entre les États-Unis et la Chine étaient bouleversées avant même l’épidémie de COVID-19, mais la pandémie a encore érodé les relations entre les…