This time last year, Shanghai — China’s capital of fashion and luxury — was in the throes of a ruthlessly enforced Covid lockdown. The city’s glittering high-end malls and avenues […]
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Back to news homeLVMH Shuffles Leadership at Dior and Louis Vuitton, Its Top Brands
A new year brings a leadership shuffle to the ranks of Louis Vuitton Moët Hennessey, the world’s largest luxury goods group by sales, as its chairman and chief executive, Bernard […]
These Are the Companies That Have Withdrawn From Russia
More than 400 companies have withdrawn, at least temporarily, from Russia since it invaded Ukraine. Some have been there since the fall of communism — symbols of the enduring power […]
No Ikea Shelves, No Levis: The Western Retail Exodus From Russia Is On
Ms. Townsend said that luxury brands may also be nervous about selling in Russia because, increasingly, many of the wealthiest people in the country were subject to sanctions.“Typically, when you […]
Workers in Europe Are Demanding Higher Pay as Inflation Soars
PARIS — The European Central Bank’s top task is to keep inflation at bay. But as the cost of everything from gas to food has soared to record highs, the […]
The Luxury E-Commerce Wars Heat Up
In 2015, the chairman and controlling shareholder of the luxury goods group Richemont, Johann Rupert, took to the stage at an industry conference in Monte Carlo and issued a rallying […]
This Year’s Black Friday Designer Fashion Sales May Not Be What You Think.
Fashion designers and luxury retailers have always had a complicated relationship with Black Friday.The super sale extravaganza doesn’t always fit right (no pun intended) with companies that make $890 shoes […]
Tiffany Deal Is a Signature Move by the Sun Tzu of Luxury
The soap opera also known as the largest deal in luxury, the LVMH Moët Hennessy Louis Vuitton-Tiffany acquisition, finally has a happy ending. The two companies originally announced their synergistic […]