The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — LVMH Moet Hennessy Louis Vuitton SA signed an accord with Google Inc. to tackle the advertising and sale of counterfeit goods online, ending a legal dispute between the two companies.
The agreement “paves the way for greater cooperation towards a safer and more engaging digital environment,” LVMH vice-president Pierre Gode said in an e-mailed statement.
LVMH had accused Mountain View, California-based Google of violating its trademark rights by selling protected words as keywords that then link users to websites selling counterfeit items when they search under the French company’s brands. Google in 2010 allowed the practice, following a European Union court ruling, bringing the company’s policy in Europe in line with company rules in about 190 countries.
The agreement is the second truce the world’s largest luxury-goods company has announced in as many days. LVMH agreed to distribute its stake in Hermès International SCA to shareholders and institutional investors, following intervention by a French court, it said yesterday. The move ended a four-year battle after the maker of Krug champagne and Hublot watches started building the holding without Hermès’s knowledge.
By Andrew Roberts; editors: Celeste Perri, Anthony Aarons.
The French house showcased its new Tweed-inspired high jewellery collection in London this week. CEO Frédéric Grangie sees the ‘booming’ category as a key opportunity to elevate the Chanel brand.
LVMH named Satoshi Kuwata’s Setchu as the winner of its 2023 Prize for Young Designers Wednesday.
The brand on Monday revealed its 2023 “Blue Book” collection of high jewellery, a series of intricate pieces priced upwards of $75,000 that marks the brand’s first high jewellery collection since bringing on former Cartier designer Nathalie Verdeille as chief artistic officer in 2021, as well as the first collection fully developed under LVMH.
New Guards Group co-founders Davide De Giglio and Andrea Grilli are exiting the company, owner Farfetch announced Thursday.