By AFP Translated by Nazia BIBI KEENOO Published April 26, 2025 French companies exposed to the U.S. market are taking action to manage rising tariffs, using price hikes, production shifts, and cost-cutting measures to protect their margins. Bernard Arnault and Donald Trump in 2017. – Photo de Nicholas Kamm / AFP Price hikes to absorb…
By Bloomberg Published April 15, 2025 Hermès’ market capitalization surpassed that of rival LVMH, the conglomerate that once tried to buy the maker of the coveted Birkin bag in a stealth raid that shocked the French corporate world 15 years ago. Hermès overtakes LVMH in value—years after fending off takeover attempt. – Reuters Hermès International…
LVMH has named two new CEOs at its leading fashion houses, with Ramon Ros taking over at Fendi and Charlotte Coupé appointed at Kenzo. Both senior executives come from positions in LVMH’s flagship brand, Louis Vuitton. They will report to Sidney Toledano, senior advisor to the LVMH Group chairman and the conglomerate’s controlling shareholder, Bernard…
The LVMH Prize has revealed the names of eight finalists in this year’s edition, as three UK-based designers enter the final round of the prestigious award. This year’s finalists in the LVMH Prize 2025, with the final in Paris on September 3 – Prix LVMH The eight were selected from a group of 20 semi-finalists…
Translated by Nazia BIBI KEENOO Published March 31, 2025 LVMH has introduced a shared governance structure for La Samaritaine and Le Bon Marché, aiming to strengthen both businesses in an increasingly dynamic retail landscape. Patrice Wagner – LVMH “Effective immediately, a single leadership team is being established under the continued presidency of Patrice Wagner, who…
Translated by Nazia BIBI KEENOO Published March 21, 2025 The third edition of LVMH’s “You&Me” tour has arrived in Italy, the cradle of artisanal expertise and craftsmanship. The initiative aims to showcase the group’s more than 280 Métiers d’Excellence and introduce younger generations to the craftsmanship professions at the core of the luxury manufacturing industry….