LVMH – Page 7 – Beautifaire

12 Apr

LVMH Proclaims ‘Excellent’ Begin to 2023 as Q1 Sales

LVMH Moët Hennessy Louis Vuitton trumpeted an “excellent start” to 2023, reporting revenues in the primary quarter jumped 17 percent due to robust demand for leather goods, and sharp increases at Sephora and DFS. Revenues on the world’s largest luxury conglomerate totaled 21.04 billion euros for the three months ended March 31, despite “a geopolitical and economic environment which stays uncertain.” The numbers mark an acceleration from the fourth quarter, when sales gained 15 percent, but got here in a shade down from the 19 percent logged within the third quarter of 2022. All business divisions except wines and spirits recorded double-digit gains in the primary quarter, with LVMH citing “strong growth momentum” in Europe and Japan due to each local customers and...

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26 Jan

LVMH Cautiously Confident After Slowdown in Q4

by Beauty Tips

Fashion, Featured

LVMH Cautiously Confident After Slowdown in Q4

PARIS — LVMH Moët Hennessy Louis said it was cautiously confident heading into 2023 after revenues rose 15 percent within the fourth quarter, fueled by its key fashion and leather goods division and selective retailing. The French luxury goods giant, which owns brands including Louis Vuitton, Dior, Sephora and Tiffany & Co., reported revenues of twenty-two.7 billion euros within the three months to Dec. 31, in keeping with consensus forecasts. This represented an increase of 9 percent at constant exchange rates, down from the 19 percent recorded within the third quarter. “With the month of January having began well and despite an uncertain geopolitical and economic environment, LVMH is confident in its ability to proceed the expansion observed in 2022,” the group...

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17 Oct

LVMH Opens Doors, Returns With Record Crowds

by Beautifaire101

Beauty, Featured

LVMH Opens Doors, Returns With Record Crowds

PARIS — LVMH Moët Hennessy Louis Vuitton’s doors opened to all once more. After a four-year hiatus, the world’s largest luxury group’s heritage days returned worldwide from Oct. 14 to 16, adding latest houses and events along the best way. It’s the fifth edition of the Journées Particulières, which give a peek into its storied ateliers, allowing guests the prospect to interact with craftspeople in all things luxury, from Champagne to superb jewelry. “It is kind of moving,” said Antoine Arnault, head of communication and image at LVMH, of the return to in-person events. He conceived of the times to showcase the homes’ inner workings over a decade ago and decided against holding a virtual event throughout the pandemic in anticipation of...

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5 Oct

Ye Lashes Out at LVMH Chief Bernard Arnault

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Fashion, Featured

Ye Lashes Out at LVMH Chief Bernard Arnault

Ye is keeping the controversy coming — and again going after LVMH Moët Hennessy Louis Vuitton chief executive officer Bernard Arnault. The designer and rapper, formerly generally known as Kanye West, riled up fashion — and the web at large — together with his Yzy fashion show in Paris on Monday. The web highlight shone brightest on his T-shirt, which read “White Lives Matter” — which the Anti-Defamation League deems “a white supremacist phrase that originated in early 2015 as a racist response to the Black Lives Matter movement.” Ye said the shirt “says all of it,” although many found it offensive and the outcry over his actions is ongoing. But on the sidelines, Ye kept at Arnault, whom he declared to be...

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