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LVMH
LVMH Fund to Buy Stake in Indian Chain Fabindia
(source: Fashion United (India))
LVMH looks likely to close a deal with a local partner that will bring Sephora to India by the end of 2012. . . . keep reading
Luxury Brands Battle on Bond Street
(Source: The Malaysian Insider)
LMMH CEO Bernard Arnault's recent purchase of Bond Street real estate, pre-empting the seizure of the property by an Irish state-run agency, shows how Bond Street has become a prime battleground for global luxury brands. . . . keep reading
LVMH Inks Licensing Deal for Sephora in India
(source: Times of India)
LVMH looks likely to close a deal with a local partner that will bring Sephora to India by the end of 2012. . . . keep reading
LVMH Continues to Expand in Asia
(Source: LuxuryBrandNetwork.com)
LVMH reported a third-quarter sales drop of 0.6% to €4.135 billion. Before the favorable impact of currency exchange, sales dropped 3%. . . . keep reading
LVMH to Increase Share in Eco-Luxe Brand Edun
LVMH plans to buy a significant part of Edun, the environmentally-friendly luxury brand founded in 2005 by rock star Bono with his wife, Ali Hewson. Edun is a no-for-profit business. . . . keep reading
LVMH Sales Fall 7% on Comparable Basis
(Source: LuxuryBrandNetwork.com)
Currency gains and a modest revenue increase in LVMH's Fashion and Leather Goods division, the company's largest group, helped offset revenue declines in all other divisions for the quarter ended 31 March. Fashion and Leather Goods revenue climbed 4% on a comparable basis to €1,598 million while sales in Watches and Jewelry dropped a staggering 41% to €154 million. Wine & Spirit revenue fell 22% to €540 and Perfumes and Cosmetics sales fell 11% to €663. . . . keep reading
Russian Luxe Outlook Darkens
(Sorce: Reuters)
Analysts say that luxury sales in Russia will plummet in 2009. The Moscow stores of Stella McCartney and Alexander McQueen both closed this month, according to Reuters, and the city's swanky Stoleshnikov Pereulok district is bracing for additional closures. . . . keep reading
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