Tag Archives: lvmh

The French giant attributed this decline to post-COVID-19 normalization, high inventory levels among retailers, and a slowdown in Hennessy cognac sales in the United States. LVMH, the world’s largest luxury conglomerate, experienced a significant drop in its shares on Wednesday following a disappointing financial earnings report for the third quarter (Q3) ending in September. The French luxury group, which controls popular brands like Louis Vuitton, Dior, Tiffany, and Bulgari, unveiled its...

CoinspeakerGucci Owner Kering Paid $3.8B to Acquire Fragrance Label Creed Kering first signalled interest in the acquisition of Creed earlier this year. Gucci Owner Kering Paid $3.8B to Acquire Fragrance Label Creed

Each Treasure Trunk from Louis Vuitton is a soulbound token that opens owners to exclusive experiences and designs. French luxury fashion house Louis Vuitton has launched its iconic travel trunk as a digital collectible in a collection called the VIA Treasure Trunk. The launch is part of Louis Vuitton’s affinity for digital adoption and Web3. The Treasure Trunks are part of Louis Vuitton’s broader “Via” project. Translated from Latin as “road”, Via is the fashion house’s project that...

As LVMH records new levels in market valuation, its CEO and co-founder of the company is currently the world’s richest person. Luxury goods company LVMH has become the first European company to exceed $500 billion in market value. LVMH, which engages in the design, manufacture, and sale of luxury products globally, is the parent company of Louis Vuitton, Hennessy, and Moet & Chandon. Its other subsidiaries include Dior, Bvlgari, Sephora, Kenzo, Givenchy, etc. For Q1 2023, LVMH...

For LVMH, a task to convince other luxury brands to join the blockchain movement has been a difficult one. Luxury goods company LVMH has suggested that luxury brands are dependent on blockchain technology to improve the lifecycle of their products. According to Franck Le Moal, the Chief Information Officer (CIO) of luxury goods company LVMH, “when you talk about luxury, you are talking about long-term products, repair, and care”. And to achieve this, Le Moal, who is also the vice-chairman...

The story about hotels owned by Ronaldo turned out to be fake. But it has become known that LVMH will produce free hand sanitizer for French Hospital Authorities.Even though it was reported through a lot of the media that a famous footballer Cristiano Ronaldo is turning his CR7 hotels into hospital to help people with coronavirus infection – it seems the news was fake.One of the hotels that were rumored to be have transformed into an infirmary for people affected by the deadly disease, The...

Thousands of Amazon.com Inc. sellers who built their businesses using China’s cheap and efficient manufacturers are on the spot as the coronavirus shuts factories there. AMZN stock was down on Tuesday but seems to start growing in the pre-market.Amazon.com Inc (NASDAQ: AMZN) is allegedly doing everything it can to stock up on inventory as the coronavirus (COVID-19) spreads at a rapid pace. Worries about it becoming a pandemic rise and people are buying everything from the stores (like this...

Amazon stock crashed more than 4% yesterday, causing CEO and founder Jeff Bezos to lose nearly $5 billion of his personal wealth.The effects of the coronavirus outbreak are still being felt all over the world. With each passing day, these effects are worsening and are getting harder to ignore. Stock markets all over the world are taking a plunge and a lot of money is being washed down the drain. This problem has hit the world’s richest man and Amazon.com Inc (NASDAQ: AMZN) CEO Jeff Bezos, who...

Spread and control of the coronavirus outbreak in China has impacted the sales of popular multinational conglomerates, LVMH, according to published revenue records.China’s Hold on Luxury RevenueAccording to records posted by LVMH, the recent disease outbreak surfacing very early in the year has already begun to affect overall sales of goods, significantly.The recent outbreak comes as a bigger test to last year’s skid with Hong Kong, which fortunately couldn’t stop the company from making...

Easily one of the world’s richest people, Bill Gates says charity is the best way to spend his money. According to the entrepreneur and philanthropist, there really is no better way to spend the amount of money a billionaire makes.In a recent CNBC report, Bill Gates says that figuring out the best way to spend a ton of wealth can be pretty challenging. The report suggests that this could be a lot more challenging than the benefit of being able to buy anything you want with the...