Luxury giant LVMH Group announced on March 6 a reshuffle at its beauty division, including the appointment of former L’Oréal executive Stéphane Rinderknech as chairman and chief executive officer of t…
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LVMH, Shiseido, L’Oreal seek stake in Australia’s Aesop
Beauty giants Shiseido and L’Oreal, as well as luxury behemoth LVMH, are reportedly in the running for stake in the high-end cosmetic brand, Aesop, that could value the Australian brand at USD 2…
LVMH Asia sales ‘stable’ in 2022
LVMH said its Asia region revenues remained “stable” during 2022, compared to 2021, due to developments in the health situation in China.…
LVMH Group and Hang Lung Properties announce a sustainable partnership initiative
Hang Lung Properties, developer, manager and owner of a diversified portfolio of properties in Hong Kong and mainland China, and LVMH Moët Hennessy Louis Vuitton, announced a partnership to collaborat…
LVMH maintains strong growth in the first nine months
Leading luxury goods group LVMH Moët Hennessy Louis Vuitton recorded revenue of EUR 56.5 billion in the first nine months of 2022, up by 28 percent compared to the same period in 2021. Organic revenue…
LVMH Taps Michael Schriver To Oversee Greater China, Korea
Luxury conglomerate LVMH has named Michael Schriver, a veteran executive from the group’s DFS, Louis Vuitton and Tiffany units, to lead its operations in China and South Korea as Group President for N…
LVMH appoints new North Asia head
On September 1, LVMH Group announced the appointment of Michael Schriver as LVMH Group president North Asia, effective immediately.
In his new role, Schriver will be responsible for all the group’s op…
LVMH sales growth slows in Asia, Japan recovers with 30 percent uptick
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton said on 12th April that the total sales in first quarter 2022 surged 29% to 18 billion euros ($19.54 billion), despite overall revenue growt…
LVMH announces financial results for the third quarter
LVMH Moët Hennessy Louis Vuitton, the luxury products group, recorded revenue of US$51 billion in the first nine months of 2021, up 46 percent compared to 2020, with Asia accounting for 36 percent of …
LVMH Group acquires Officine Universelle Buly 1803
LVMH announced the acquisition of Officine Universelle Buly 1803 on 5th October. After having been supported and assisted for nearly four years by LVMH Luxury Ventures, a minority investment fund, Bul…