LVMH Archives - Inside Retail Asia
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 will buy a stake in Arnaud Lagardere’s publishing and media group Lagardere Capital & Management (LCM).
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.
Japanese cosmetics brand Etvos has received a significant investment from global private-equity firm L Catterton’s Asia fund.
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.
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.
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.
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.
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.
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 returns after a 10-year absence today, opening a 4200sqft store at IFC mall.
DFS has explained its rationale for quitting its Changi Airport liquor and tobacco concession, saying remaining there was “not a financially viable option”.