
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.
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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.
The head of Italian luxury group Tod's said that if ever decided to sell his company it would be to LVMH's boss Bernard Arnault but he added that he had no plans like that for now.
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 iconic New York-based jeweler is expanding the offering of its famous diamond engagement rings with the launch of its first engagement collection designed specifically for men this May.
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.
Shares in Tod's jumped as much as 16% on Friday after France's LVMH agreed to increase its stake in the Italian luxury goods group to 10% - prompting speculation it could raise it further.
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.
Italian fashion group Etro is considering an expression of interest from buyout firm L Catterton, a source close to the matter said on Monday.