LMVH news and archive

LVMH raises stake in Tod's

Luxury conglomerate LVMH is raising its stake in Tod’s to 10 percent. In a statement, Tod’s said that LVMH would buy a 6.8 percent stake from Tod’s founder and chairman Diego Della Valle. LVMH chairman Bernard Arnault already owned a 3.2 percent stake in Tod’s. “Through this transaction, the 20-year friendship between the Arnault and Della Valle...

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Business

Pink Shirtmaker snapped up by former JD Sports exec

British formalwear brand Pink Shirtmaker is reportedly under new ownership after being put up for sale late last year by LVMH. The company, which was previously called Thomas Pink before being rebranded in 2018, has been acquired by former JD Sports executive Nick Preston, The Mail on Sunday reports. Pink Shirtmaker, which was founded in 1984 by...

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Retail

Louis Vuitton lowers retail prices in China

LMVH maison Louis Vuitton is lowering its retail prices in China. In a statement issued by the maison to the newspaper Jing Daily, the brand announced that it had decided to "lower prices on a wide range of products to support the government's efforts to reduce the cost of luxury goods sold in China". The Ministry of Finance in Beijing, starting...