LVMH Moët Hennessy Louis Vuitton’s investment arm, LVMH Luxury Ventures, has acquired a minority stake in the Swedish menswear brand Our Legacy.
Tag: LVMH
On September 15, French luxury conglomerate LVMH (Moët Hennessy Louis Vuitton) announced its third-quarter results for 2024. Although overall sales reached €19.076 billion (approximately $21 billion), organic sales declined by 3%, falling significantly short of analysts’ expectations.
On October 2, LVMH Moët Hennessy Louis Vuitton officially announced the departure of Hedi Slimane from Celine, and that Michael Rider would succeed him as the new Creative Director.
On October 2nd, LVMH announced in a statement that Hedi Slimane will be stepping down as Celine’s creative and image director.
On September 30, LVMH announced the sale of Off-White to Bluestar Alliance LLC, a New York-based brand management company.
On September 26th, LVMH announced that it had acquired a 10% stake in “Double R,” an investment vehicle managed by Ruffini. Double R currently holds approximately 15.8% of Moncler’s shares.
On July 17, the French luxury conglomerate LVMH announced the appointment of Julien Tornare as the new CEO of its watch brand, Hublot.
On June 13, LVMH announced that it had entered into a strategic partnership with Accor, owner of Orient Express trains.
On June 5, Dutch semiconductor equipment manufacturer ASML Holding NV surpassed LVMH in market capitalization for the first time, becoming Europe’s second-largest listed company.
On April 30, French luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE strongly denied it was considering a potential sale of its fashion brand Marc Jacobs.