LVMH Revenue Growth Matches Estimates as Europe Offsets Asia

Louis Vuitton store on the Champs-Élysées, Paris | Source: Shutterstock

LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, reported third-quarter revenue that met analysts’ estimates as improved growth in Europe and the U.S. compensated for slowdown in Asia.

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Slowing Swiss Watch Growth Leads to Job Cuts at LVMH’s Tag Heuer

Leonardo DiCaprio is a Tag Heuer ambassador | Source: Tag Heuer

The Swiss watch market is growing at a slower pace than expected, leading to reduced production and job cuts at the Tag Heuer brand, according to the head of LVMH Moet Hennessy Louis Vuitton SA’s timepiece unit.

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For Chris Gelinas, Going Slow Keeps Him Steady

Fashion designer Chris Gelinas, an LVMH Prize semi-finalist | Source: LVMH

Set to present his third CG by Chris Gelinas collection at New York Fashion Week, the Canadian-born, New York-based designer speaks to BoF on how he’s balancing early critical success with the challenges of running a fashion start-up.

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Market Pulse | A Chilly Summer

Savigny Luxury Index July 2014 | Source: Savigny Partners

The Savigny Luxury Index fell a further 3.8 percent this month.  The outlook for the luxury goods sector darkened as disappointing results from industry leader LVMH showed how the strong euro and political protests in Hong Kong were curbing spending and hitting profits.

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