French luxury conglomerate LVMH has announced plans to open a new a global research center dedicated to sustainable and digital luxury on the plateau of Saclay, a suburb south of Paris best known for nuclear research.
Finally after 16 years closed; municipal headaches; massive rebuilding and Covid delays, France’s most storied department store La Samaritaine revealed itself on Monday, after an estimated €750m investment by owner LVMH.
Italy's Tod’s could further strengthen its ties with LVMH but there are no ongoing talks and no decision has been made, a top Tod’s executive said after the French giant increased its stake in the group.
The French luxury giant is strengthening its LVMH Fashion Group division, whose CEO, Sidney Toledano, will be supported by Guillaume Motte, current president for Europe and the Middle East at Sephora, starting May 3.
French billionaire Arnaud Lagardere has agreed to relinquish control over his media empire, which includes the Hachette publishing house, under pressure from investors and influential business tycoons.
French luxury goods group LVMH will increase its stake in fashion company Tod’s to 10%, Tod’s said, in a move which sources described as “friendly support” for the Italian struggling leather goods maker.