The French label went into liquidation in July, and has been gradually dismantled. It may still rise from the ashes though, and a ruling on the bids for its trademark rights and archives will be made in mid-December.
LVMH unveiled a major new plan on the environment Wednesday, guided by Antoine Arnault. Here, FashionNetwork.com discusses with Antoine all things LVMH, handling multiple jobs and his views on Greta Thunberg.
As it pushes forward with its turnaround efforts, the Hong Kong-based conglomerate has reported a decline in turnover, but has maintained a steady profit margin and announced the sale of a 21.7% stake in LF Logistics.
Months of increasingly violent protests in Hong Kong are taking a growing toll on the city's economy, weighing on confidence and scaring away tourists from one of the world's most vibrant shopping destinations.
Global sourcing and logistics group Li & Fung on Friday said Temasek Holdings would buy 21.7% of its subsidiary LF Logistics Holdings for $300 million, and the proposed spin-off IPO of the unit will be postponed.
The Paris trade court decided to postpone the deadline for submission of offers to acquire the brand until July 18 in order to “give all parties the chance to file” following several withdrawals from applicants.