As LVMH Sales Growth Slows, Will Bernard Arnault go on a Buying Spree?

Bernard Arnault | Source: Courtesy Photo

PARIS, France – LVMH Moet Hennessy Louis Vuitton SA is poised to pursue a takeover as revenue growth, led by sales of its eponymous handbags, slows the most in four years. The $87 billion company could go after Burberry Group Plc, the U.K.’s biggest luxury-goods producer or Tiffany & Co., the New York-based jeweler, according to luxury industry analysts.

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LVMH Raises Vuitton Japan Prices to Fight Weak Yen

TOKYO, Japan -- LVMH Moet Hennessy Louis Vuitton SA raised some prices by an average 12 percent at its flagship brand in Japan, the unit’s biggest price hike, to offset the impact of the yen’s slide on sales. The Louis Vuitton brand raised prices Feb. 15, spokeswoman Kaori Fuse said. Retailers such as LVMH, the world’s biggest luxury goods maker, are confronting a plunge in the yen that undercuts the value of sales in Japan, the second-biggest market for personal luxury goods. The yen has depreciated against both the dollar and the euro as Prime Minister Shinzo Abe talked down the value of the currency, promising to implement policies to stimulate the economy and have Japan’s central bank set a…

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Market Pulse | Dealing in All Shapes and Sizes

Savigny Luxury Index January 2013 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 2.8 percent in January, outperforming the MSCI World Index (MSCI) by a touch over 1 percent. Positive economic news coming out of China sent the SLI into a mini-rally at the beginning of the month, however mixed corporate results announcements took some of the wind out of its sails. From a mergers and acquisitions perspective though, the year has started off with a

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L’Wren Scott, New Vuitton strategy, Red carpet history, Furla to focus on China, Foot fetish

L'Wren Scott by Emily Weiss | Source: Into the Gloss

L’Wren Scott: ‘No clothes fitted – that’s why I started to make them’ (Telegraph) “Since 2006, she has built up a highly regarded fashion business. Her red-carpet dresses – often flattering sheaths that undulate reassuringly along with their wearer – are cherished by Nicole Kidman, Sarah Jessica Parker, Christina Hendricks and Penélope Cruz.” LVMH to Adjust Vuitton

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Skipping NYFW, My Wardrobe seeks investment, Evolving menswear, Burda Media, Joan Burstein

New York Fashion Week, Damrosch Park | Source: NY Times

Why Some Labels Will Sidestep Fashion Week (WSJ) “New York’s calendar has become noticeably more crowded as labels squeeze in with entrepreneurial zeal. While fashion shows used to be limited to high-style labels, midprice contemporary labels and menswear brands are now muscling into New York. One reason: No official body controls the calendar, unlike in Milan and Paris, where just a few dozen labels are invited to show

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Belgian shield for LVMH, The Milan Plan, Mobile China, Benetton ads, Iris Van Herpen

Bernard Arnault at Louis Vuitton | Source: FT

Arnault says Belgian move can shield LVMH (FT) “The head of LVMH has been accused by the media in his homeland of wanting Belgian nationality to escape President François Hollande’s higher French taxes but he has repeatedly insisted that he ‘is and will remain fiscally domiciled in France’.” The Milan Plan (China Daily) “The scene is familiar enough – an army of buyers, journalists, celebrities

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Week in Review | PPR’s Christopher Kane Investment, Going Corporate, 10 Fashion Moments in Milan

Week in Review December 14-18

What to Make of PPR’s Christopher Kane Investment (Analysis) “But fast forward a few more years and today, both Stella McCartney and Alexander McQueen have grown into medium-sized businesses with over €100 million in annual revenue each by pursuing business models that fit, respectively, with their unique brand DNAs.” Finding Your M.O. | Part 14: Going Corporate (Education) “As in life, the time comes when every

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Bulgari’s billionaires, Web fashion foray, Top of the world, Fashion over art, Inside Brioni

[caption id="attachment_40456" align="alignnone" width="500" caption="Nicola and Paolo Bulgari | Source: Forbes/Getty Images"][/caption] Bulgari Brothers, Jewelers To The Stars, Are Billionaires Thanks To Tiny LVMH Stake (Forbes) "In 2011, however, French luxury empire Moët Hennessy Louis Vuitton (LVMH) acquired Bulgari in an all-share deal, handing over 3.6% of the conglomerate to the family. Last year, as LVMH’s stock rose, the Bulgaris and nephew Trapani sold a tiny sliver of their stake, reportedly to take care of taxes and other expenses." Amid U.K. Retailer Woes, a Web Fashion Foray (BusinessWeek) "As more British retailers succumb to competition from the Internet, a venture capital firm is underscoring the shift with its first investment in a fashion seller to develop its online business." On Top of the…

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Vuitton CEO surprise, Web only no more, Instagram outrage, Vice buys i-D, Posen on Project Runway

Louis Vuitton Autumn/Winter 2012 | Source: Louis Vuitton

LVMH says Louis Vuitton CEO quits over ill health (Reuters) “Louis Vuitton’s new chief executive has quit suddenly from the helm of luxury group LVMH’s top brand because of health reasons, LVMH said on Tuesday. The world’s largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last

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Market Pulse | Growth, But Perhaps Not As It Used To Be

Savigny Luxury Index October 2012 | Source: Savigny Partners

LONDON, United Kingdom — The Savigny Luxury Index (SLI) gained 4.2 percent in October, outperforming the MSCI World Index (MSCI) by more than 6 percentage points.  Much anticipated results announcements confirmed that the sector still has strong fundamentals but that the three-year boom is coming to its close. Big news Newsflow pointed to a slowdown in growth for the sector, rather than the meltdown anticipated by the Burberry

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Model maker, LVMH dilemma, Coach loses lustre, Reviving UK factories, Fashion wisdom from Dries

Mario Testino | Source: All Art News

Mario Testino interview: the man who makes models super (Observer) “At 57, the world’s most prolific magazine photographer is just getting started. It’s only 15 years, after all, since his career exploded in the wake of his 1997 Vanity Fair shoot with Diana, Princess of Wales. In 2010 he shot the engagement photos of Wills and Kate, and it’s entirely conceivable that, should the time come, he’ll

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Louboutin vs YSL, LVMH calms investors, Bloggers rising, Chanel rescues Barrie, Sarah Doukas

Sasha Wilkins by Rosie Hallam | Source: Financial Times

YSL Files Motion to Dismiss Louboutin Case (The Cut) “The Christian Louboutin versus YSL case has dragged on for well over a year, and now it seems like both parties are finally willing to stick a fork in it… YSL filed a request to drop the rest of its counterclaims against Christian Louboutin, according to a brief issued by YSL’s lawyer, David Bernstein.” LVMH says no major slowdown at Louis Vuitton in Q3

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