Italy: Loro Piana (LVMH) under judicial administration due to labour exploitation in supply chain Europe Following production subsidiaries of Armani, Dior and Valentino, Loro Piana (a historic Italian luxury brand best known for fine wools, now controlled by LVMH) has been placed under judicial administration for a year for failing to verify working conditions in the production chain. The company has negligently contributed to a system of labour exploitation, particularly of Chinese workers in illegal workshops in northern Italy.
LVMH entrusts the Americas’ region to Michael Burke Americas A few days before the publication of second quarter results, LVMH (2024 revenue: 84.68 billion euros, down by 2%) appointed Michael Burke as C.E.O.…
[Luxury Barometer] Global Top 5 in 2024: a delicate balance As Richemont and Chanel publish 2024 accounts (May 2025), mind Retail analyses the health of the world's top five luxury brands—LVMH, Chanel, Hermès, Kering, and Richemont—using 5 indicators. While the global market is experiencing a second year of decline, Hermès and Richemont are standing out with gains in market capitalisation, sales growth and, for the former, a record margin of 30.3%. Conversely, LVMH, Chanel and Kering are seeing sales and market capitalisation melt away.
Financière Agache, a Bernard Arnault’s holding company, exits Lagardère’s capital Europe It’s the end of a strategic partnership. According to the AMF, Bernard Arnault’s holding company Financière Agache sold the remaining 7.97% stake in the Lagardère group (Lagardère Travel Retail,…
Faced with the downturn in Asia, Kering’s sales fell by 12% and LVMH by 2% Americas Europe For LVMH and Kering, the world's n°1 and n°3 luxury retailers, Asia, which had long been a growth driver, has weighed down annual results in 2024. Meanwhile, the 25% tariffs announced on February 26 could also hamper demand in the U.S.
LVMH fund takes control of Kiko Milano Europe L-Catterton Management (US$35 billion in assets under management, including A.P.C., Ganni, Birkenstock…) announced on April 26, 2024, that it was taking a majority stake in Kiko Milano beauty retailer.…
LVMH: does Q3 2023 signal the end of 3 years of super-growth? Asia Kering and LVMH shares tumbled on the stock market, as both luxury conglomerates reported a marked sales slowdown in Q3 2023. After 3 years of exceptional growth, the momentum is waning, signaling a return to pre-Covid-19 levels.
