LVMH news and archive

LVMH invests in French knitwear brand Molli

LVMH Luxury Ventures, the investment arm of LVMH, has acquired a minority stake in the French knitwear brand Molli. Trade publication WWD first reported the news. The financial details of the investment have not been disclosed. Molli was founded in 1886 in Switzerland as a knitting factory. In 2014, chief executive officer Charlotte de Fayet...

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Business|Opinion

Mounting crises at LVMH following data breach and Loro Piana labour allegations

August is traditionally when the fashion world exhales. With production halted, factories shuttered, and ateliers dimmed across Paris, Milan, and Rome, the industry slips into a heat-induced siesta. The only thing more predictable than a Riviera Instagram post is the chorus of auto-reply emails. But if you're LVMH, there's no such thing as...

Fashion

Milan court orders judicial administration for Loro Piana

Another case of labour exploitation involving a luxury brand has emerged. This time it concerns LVMH-owned brand, Loro Piana. A Milan Court has ordered judicial administration for one year for Loro Piana. Frédéric Arnault has been the CEO of the company since June 10. According to Italian news agency Ansa, the measure taken by the judges of the...

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Business

Louis Vuitton confirms UK customer data stolen in cyber attack

LVMH is facing what is now its third cyber attack in a matter of three months. French luxury label Louis Vuitton has confirmed that some UK customer data has been stolen in a hack that took place on July 2. In an email to customers seen by multiple news outlets, including Bloomberg, which first reported the attack, Louis Vuitton said an...

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LVMH Reinstates Michael Burke to lead Americas as focus shifts West

LVMH has appointed Michael Burke as Chairman and CEO of LVMH Americas, marking a high-profile return for one of Bernard Arnault’s most trusted lieutenants. Burke will oversee North and Latin American operations, including key brands like Tiffany & Co., Marc Jacobs, and Sephora, as well as growing real estate interests in the U.S. Once thought to...

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Business

LVMH to sell El Encanto Hotel in Santa Barbara for 82.2 million dollars

French luxury conglomerate LVMH is selling its sole hotel in the United States, the El Encanto in Santa Barbara, California, to a partnership consisting of Tinder co-founder Justin Mateen, his brother Justine Mateen, and Culver Capital for 82.2 million dollars. The hotel, which consists of 90 rooms, is located in a popular coastal vacation area...

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Fashion |Opinion

Celine signals evolution, not rupture, under Michael Rider

Few debuts in recent memory have been as self‑assured, or as finely calibrated to the realities of the luxury business, as Michael Rider’s first outing for Celine during Paris Men’s Fashion Week on Sunday. Presented co‑ed inside the house’s 16 Rue Vivienne atelier, the collection treated Celine’s heritage as a living archive rather than a museum...

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Business

LVMH chairman Bernard Arnault acquires L'Opinion and L'Agefi

Paris - Bernard Arnault, chairman and CEO of LVMH (LVMH Moët Hennessy Louis Vuitton), has acquired the liberal daily L'Opinion and the financial news website L'Agefi. LVMH already controls the Les Echos-Le Parisien press group and Paris Match. Sources close to the matter confirmed the acquisition to the press on Thursday, following a report in...

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Alexander Wang appoints new global president

Alexander Wang appoints new global president The US fashion brand Alexander Wang has appointed Robert Rizzolo as global president on July 1. The brand announced the appointment on LinkedIn. Rizzolo previously served as chief merchandising officer at Marc Jacobs. He held this role since July 2021. Rizzolo has over 25 years of retail experience....

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Fashion

Jonathan Anderson reboots Dior menswear with subtle subversion and commercial savvy

Jonathan Anderson walked on to the Dior stage on Friday with the hardest brief in luxury fashion: reignite a 9.5 billion euro powerhouse whose growth has begun to slow and whose identity, at least on the men’s side, has drifted since the Hedi Slimane era. The 40-year-old Northern Irishman is hardly a novice. LVMH took a minority stake in his JW...

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Celine names Robert Holden as North America President ahead of artistic transition

Celine has appointed Robert Holden as president of its North American division, as the brand prepares for a new chapter under incoming artistic director Michael Rider. The appointment was reported by WWD, signaling a key leadership change as Celine embarks on its next creative phase. Holden, who currently oversees Miu Miu in the Americas, brings...

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LVMH appoints Craftsmanship Chief

LVMH is sharpening its focus on the foundations of luxury, craftsmanship and production, with the appointment of Ludovic Pauchard to a newly created executive role: Industrial and Craftsmanship Director. The move signals a decisive evolution in how the world’s largest luxury group views its industrial backbone amid shifting global market...