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LVMH News

LVMH bucks luxury slowdown to post record sales

Paris - LVMH bucked the slowdown in the global luxury market, posting a 4 percent increase in sales last year to a record 29.15 billion euros ($39.5), although net profits were flat at 3.4 billion.

Belgium refuses citizenship to France’s richest man in tax exodus

France’s richest man, billionaire Bernard Arnault, CEO of luxury conglomerate LVMH, applied for Belgian nationality but denied his motivation was recently introduced taxes for France’s super-rich. Belgian authorities have for the moment, said ‘Non'.

Diesel+EDUN combines passion, fashion, and business

EDUN, the fashion company founded by rock star Bono and his wife Ali Hewson, has teamed up with well-known denim brand Diesel. Products sourced or made entirely in Africa will be available in Spring 2013, all bearing the "Diesel+EDUN" label.

Dior permanently bans designer John Galliano

Four months after the leak of a viral video featuring the former Christian Dior designer hurling anti-Semitic insults—resulting in a very public termination—John Galliano has been officially and completely shut out by the luxury label.
 

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