LVMH

Luxury goods companies use social media and virtual showrooms to woo their wealthy customers

As Italy entered a new coronavirus lockdown and shut shops in March, Genoa-based jeweller Gismondi 1754 turned to messaging service WhatsApp to sell a 300,000 euro diamond ring to a…

Read More Here

Chinese, U.S. luxury lovers power rebound at LVMH

Sales at French luxury goods group LVMH bounced back far more quickly than expected in early 2021, carried by demand for Louis Vuitton handbags and Dior products as Chinese and…

Read More Here

Tiffany shareholders back LVMH takeover, ending long-drawn dispute

U.S. jeweller Tiffany & Co’s shareholders on Wednesday approved a $15.8 billion deal with France’s LVMH, ending an acrimonious dispute between the two luxury retailers that had stretched for more…

Read More Here

LVMH, Tiffany agree on lower price in $16 bln takeover deal

U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, ending a bitter legal dispute between the…

Read More Here

LVMH converts three of its perfume manufacturing facilities to make hand sanitiser instead

The French luxury goods group LVMH is to start producing hand sanitiser at three of its perfume and cosmetics factories for distribution to French hospitals fighting the country’s coronavirus outbreak.…

Read More Here

LVMH to buy U.S. jeweller Tiffany for $16.2 billion

Louis Vuitton owner LVMH has agreed to buy U.S. jeweller Tiffany for $16.2 billion in the luxury goods maker’s biggest acquisition to date. The $135-per share cash deal will boost…

Read More Here

Louis Vuitton owner eyes Tiffany takeover

The company behind Louis Vuitton has approached Tiffany over a possible takeover - with the proposed deal reportedly valuing the jeweller at $14.5bn. LVMH, the world's biggest luxury group, said…

Read More Here

Leading fashion companies to make G7 pledge to help environment

Major fashion companies from around the world said on Friday they had signed a pact which they would present at this week’s G7 summit in Biarritz, France, to help protect…

Read More Here