LVMH Q3: cosmetics slump continues as group sales drop 7 percent
LVMH says it has seen a significant improvement in trends in the third quarter of 2020 however, the owner of Louis Vuitton and Givenchy still experienced a 7 percent drop in revenue in Q3 versus the same period in 2019.
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COVID-19 could wipe US$35 billion brand value from top brands but cosmetics unscathed
The GVC could wipe brand value equivalent to US$35 billion from the world’s 50 top luxury and premium brands, according to a report released by Brand Finance.
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Chanel and Tribeca take Through Her Lens filmmaker program online
Tribeca and Chanel have reaffirmed their commitment to creating new opportunities for women filmmakers, announcing a virtual gathering for the sixth annual Through Her Lens: The Tribeca Chanel Women’s Filmmaker Program.
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We’ll create 25 billion-dollar brands: LVMH Group Chairman to set up Asia-focused private equity fund
Chairman Emeritus of L Catterton Asia and Group Chairman, LVMH South and South East Asia and Australia & New Zealand, Ravi Thakran is poised to launch his own private equity fund, according to a report published by the Financial Times.
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Turkey e-commerce giant Trendyol enters European market with new website
Turkey’s e-commerce giant Trendyol has entered the European market with a new website that will serve 27 countries.
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Chanel purchases Bond Street store for £310 million
Chanel has reportedly purchased its Bond Street store for £310 million, in a show of confidence fo retail in London.
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Hit BBC series Killing Eve to break into beauty
AMC Networks and Sid Gentle Films have named IMG as the exclusive worldwide licensing representative for Killing Eve to bring consumer products inspired by the hit spy thriller to market via selective brand partnerships and collaborations.
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Chanel raises €600 million bond with climate clauses
Chanel has issued a €600 million sustainability-linked bond containing clauses connected to its environmental targets, according to a report published by Reuters.
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LVMH submits Tiffany purchase to European Commission
LVMH has confirmed that it has submitted its proposed takeover of US jewellery brand Tiffany for approval by the European Commission.
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THG shares surge as company raises $2.4 billion in an IPO to ride digital Wave
The Hut Group has raised $2.4 billion in a London initial public offering (IPO), a move which sent the company shares soaring up to 32 percent.
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