LVMH Moët Hennessy Louis Vuitton said on Friday it had agreed to buy luxury travel operator Belmond Ltd., owner of the Venice Simplon-Orient-Express train and hotels including the Copacabana Palace in Rio de Janeiro, for $2.6 billion, significantly widening its footprint in the hospitality sector.
Established over 40 years ago with the acquisition of Hotel Cipriani in Venice, Belmond operates in 24 countries with a portfolio of 46 luxury hotel, restaurant, train and river cruise properties. It posted revenues of $572 million and adjusted EBITDA of $140 million in the 12 months ended Sept. 30.
“Belmond delivers unique experiences to discerning travelers and owns a number of exceptional assets in the most desirable destinations,” said Bernard Arnault, chairman and chief executive officer of LVMH. Continue reading
Joséphine arrived in Paris in 1779 from her native Martinique, soon to steal the heart of Napoleon Bonaparte, before being crowned empress of France. A woman of style and passion, Joséphine infused Parisian society with a sense of originality and audacity, which find fresh expression in the city today.
Longtime LVMH executive Pierre-Yves Roussel is to become chief executive officer at Tory Burch. Roussel left his role as chairman and ceo of LVMH Fashion Group earlier this year, and was initially said to remain with the group as a special adviser to LVMH chairman and ceo Bernard Arnault. Roussel has been linked romantically to Burch for years. They announced their engagement in 2016 and were finally married only weeks ago at Burch’s Antigua
A burgeoning new retail industry is poised to quickly scale in Canada, where the government legalized marijuana marijuana on Oct. 17. While the Canadian Parliament in 2017 passed the bill legalizing the sale of cannabis, much of the regulation, including retail sales, has been left to the provinces.
Warnings and plans for store closures swept the capital; the government plans to deploy 8,000 troops and armored vehicles in the city
The old bird Vivienne Westwood and Burberry have lifted the veil on their collaboration, with the release of their joint campaign that’s filled with an array of new and old faces dressed in head-to-toe vintage Burberry check.
This is not Elizabeth Taylor, anyway,” Karl Lagerfeld declared. Encamped in a suite at the Mercer Hotel which the Chanel entourage took over in full in preparation for the house’s Métiers d’Art show on Tuesday night Lagerfeld quickly dispelled any preconception of a luxe cheese fest of overdone makeup and tricked-out headdresses inspired by La Liz’s (albeit delightful) turn as Cleopatra.
Boucheron is set to open its newly restored Place Vendôme flagship Wednesday.
Canal-luxe was right. When Raf Simons was at Dior’s, the troubles at the brand raise questions over Simons’ future at Calvin Klein given that his contract is up for renewal in August. He currently has direct oversight of the underperforming 205W39NYC collection and jeans, as well as a raft of other categories, global marketing and communications, visual creative services and store design.
It was one of the first American fashion magazines to put a black woman on the cover, in August 1968: Katiti Kironde, a Harvard student who was the winner of the magazine’s “best-dressed college girls contest,” which became “college women of the year” and included Diane Sawyer, Martha Stewart, Curtis Sittenfeld and Tamira A. Cole.
Kourtney Kardashian is totally stripped down for the December/January issue of GQ Mexico. The reality TV star appears on a number of covers for the magazine, and for one of them, she ditches the pants. The 39-year-old mother of three may wear a cozy black turtleneck in the shot, but besides that, she’s au naturel.
On the heels of major openings in London and New York, Chanel has unveiled its new five-story flagship in Paris, marking the culmination of a six-year project that lays the groundwork for the digital transformation of the French luxury house’s retail network.
In a queasy year for retail, the department-store holiday extravaganza gleams on. For the most important selling season of the year, the venerable department stores of New York have marshaled their resources for elaborate displays of festive cheer. These are a family tradition and a tourist destination, a spare-no-expense arms race for delighted gasps, bugged eyes and Instagram feeds.
Dolce & Gabbana Shanghai Show Canceled, Chinese Celebs and Models Flee Furor Stefano Gabbana claims insults about China posted from his personal Instagram were from a hacking.
After switching to joint women’s and men’s displays following the arrival of Clare Waight Keller as artistic director in 2017, Givenchy has decided to switch back to the men’s wear fashion calendar for the fall 2019 season. At least one major brand is battling the tide of coed shows.
Last week, Victoria’s Secret ceo Jan Singer left her post under pressure. A representative from L Brands would not confirm whether Mehas would be joining Victoria’s Secret, only to say that further “commentary” regarding Jan Singer’s departure would be revealed during report to day.
Patek Philippe chose Milan to unveil its new women’s Twenty-4 Automatic watch. Thierry Stern took the stage positioned under a glass structure erected in the courtyard of the storied 17th-century Palazzo Serbelloni. “It’s been nearly 20 years after the debut of the Twenty-4 Manchette watch and we’ve been working on this new women’s timepiece for the past five years and through 40 prototypes,” said the affable executive.
Pierre Bergé is never far from fashion designers. The French bulldog, seems to be the only character that resists the passing of time in “Celebration,” a documentary by Olivier Meyrou on the couturier’s last years at his fashion house in France.