LVMH Archives - Inside Retail Asia
LVMH’s Tiffany takeover in doubt as Covid-19 hits jeweller’s sales
The planned US$16.2 billion Tiffany takeover by luxury-goods group LVMH appears in doubt, with the Parisian luxury-goods group looking at ways to renegotiate the price.
LVMH chairman Bernard Arnault to buy stake in Lagardere
LVMH chairman Bernard Arnault will buy a stake in Arnaud Lagardere’s publishing and media group Lagardere Capital & Management (LCM).
‘Resilient’ LVMH caps sales decline to just 15 per cent during coronavirus
LVMH has reported a sales decline of 15 per cent for the first quarter of this year, a staggering achievement given its most lucrative market, China, was shut down for most of the period.
LVMH-backed L Catterton invests in Japanese cosmetics company Etvos
Japanese cosmetics brand Etvos has received a significant investment from global private-equity firm L Catterton’s Asia fund.
LVMH Group brands invite consumers to ‘travel abroad’ on social media
LVMH Group brands are using social-media campaigns to allow consumers to “escape differently” with branded content inspired by “nomadic thinking” during the coronavirus crisis.
Why exemplary ethics will pay off beyond the coronavirus outbreak
In the midst of the coronavirus outbreak, retailers that have displayed strong ethics will be remembered by consumers when normality returns, writes Emily Salter of GlobalData.
Paris starts to suffer as Chinese tourists disappear
As the hordes of mainland Chinese tourists who used to descend on the prime shopping districts of Paris has dried up within just a fortnight, luxury brands are beginning to plan staff layoffs and other strategies to reduce costs.
Luxury labels increase focus on burgeoning South Korean market
South Korean consumers’ love for luxury labels is encouraging high-end brands to take bold, innovative moves into the market, opening pop-up stores and staging world-exclusive fashion shows.
K-beauty brands vow to defend against Sephora South Korea onslaught
South Korea’s big-name beauty retailers are prepared to defend their market share from the launch of Sephora South Korea, which debuts this week.
LVMH results shrug off Hong Kong protest effect
Luxury goods group LVMH has shrugged off the impact of the recent Hong Kong protests and global economic uncertainty, recording a 19 per cent increase in sales of leathergoods and fashion during the third quarter.
Sephora Hong Kong reopens after 10-year absence
Sephora Hong Kong returns after a 10-year absence today, opening a 4200sqft store at IFC mall.
DFS says Changi Airport liquor and tobacco concession ‘not viable’
DFS has explained its rationale for quitting its Changi Airport liquor and tobacco concession, saying remaining there was “not a financially viable option”.