All posts tagged: LVMH

LVMH, Kering, Chanel and their unprecedented finale to Paris Fashion Week

LVMH, Kering, Chanel and their unprecedented finale to Paris Fashion Week

A creation by Chanel for the Women Ready-to-wear Fall-Winter 2024/2025 collection as part of the Paris Fashion Week, in Paris on March 5, 2024. JULIEN DE ROSA / AFP During the lenghty Paris Fashion Week exists strategic slots. For a brand, closing the fashion week is a way of signifying that the marathon can end now that it has delivered its stylistic message. Usually, it’s Louis Vuitton, the most powerful in terms of sales, that takes on this role. But for this Fall-Winter 2024-2025 women’s fashion week, the schedule for the finale on March 5 was shaken up a little. In addition to Chanel in the morning and Louis Vuitton (LVMH) in the late evening, Saint Laurent (Kering) caught everyone off guard by adding a men’s show at 9 pm, thus closing the ball. These three competing brands positioning themselves on the same day have in common the use of shows to underline their position as patrons or connoisseurs of the arts. Chanel, for example, is multiplying its investments in French cinema institutions and film …

Paris Olympic medals feature pieces of the Eiffel Tower

Paris Olympic medals feature pieces of the Eiffel Tower

The medals awarded at this year’s Paris Olympics and Paralympics will feature a hexagon-shaped piece of iron taken from the original Eiffel Tower in their centre, organisers said as they unveiled the design on Thursday.  Issued on: 08/02/2024 – 16:21Modified: 08/02/2024 – 16:40 3 min All 5,084 gold, silver and bronze medals for the Paris Games will feature the six-edged metal medallion which will be set like a gemstone in the design by elite French jewellery house Chaumet. “We wanted to offer to all medal winners at the Paris Olympics and Paralympics a piece of the Eiffel Tower from 1889,” said the head of the local organising committee, Tony Estanguet, at a televised ceremony. They will be “a combination of the most precious metals from the medals — gold, silver and bronze — with the most precious metal in our country, from this treasure that is the Eiffel Tower,” he explained. The design by Chaumet, whose creations have adorned aristocrats and the affluent since 1780, also features a circular arrangement of ridges intended to catch …

LVMH hit by growth slowdown amid fall in demand for high-end drinks | Luxury goods sector

Rising inflation, growing global instability and falling demand for high-end drinks have been blamed for a slowdown in growth at the luxury goods multinational LVMH, owner of Christian Dior, Louis Vuitton and Moët & Chandon. The group, whose brands also include Stella McCartney, Tag Heuer watches and Bulgari and Tiffany jewellery, reported revenue of €20bn (£17.25bn) between July and September – a 9% rise. That compares with a 17% increase in the previous quarter. One of the worst hit parts of LVMH’s business was its wines and spirits division, which includes Hennessy cognac, down 14% in the quarter. The results released on Tuesday suggest the post-pandemic boom in luxury goods, which helped LVMH become Europe’s first company to reach a $500bn valuation earlier this year, is starting to ebb. Pauline Brown, the group’s former chair in North America, argued increasing global instability was a factor in the slowdown. “If I was still sitting on the board at LVMH or any of the other luxury companies, what would really be rattling me is the geopolitical destabilisation …