LVMH Moët Hennessy Louis Vuitton said on Tuesday it has made an offer to buy Christian Dior Couture for 6.5 billion euros, or $7.06 billion at current exchange rates, in a move that will bring the brand into the fold of its fashion and leather goods division.
In tandem, Groupe Arnault, the investment firm controlled by LVMH chairman and chief executive officer Bernard Arnault, will make an offer estimated at 12 billion euros, or $13.04 billion, for the 25.9 percent stake in Christian Dior SA that it does not currently control.
Presently, the Christian Dior Group includes Christian Dior Couture and LVMH. Christian Dior Couture encompasses the brand’s apparel, accessory and jewelry businesses, while the perfume and cosmetics lines are exercised under the umbrella of LVMH.
The move by LVMH and Groupe Arnault will simplify the structure of the luxury behemoth, home to brands including Louis Vuitton, Fendi, Guerlain, Sephora and Moët & Chandon champagne. Continue reading
This week, France’s Emperor of Luxury, François Pinault, received France’s high distinction, the “Dignité de Grand Croix” in the “Légion d’Honneur”.
Louis Vuitton unveils a new collection of bags and accessories designed with the artist In recent years, Louis Vuitton has affirmed its engagement with the world of art through a series of high-profile collaborations with the most influential artists of our times.
The inspiring new collection of Chopard is built on the singer’s island roots Rihanna, mixing nods to the lush gardens of Barbados with the electricity of Carnaval.
Massimo Giorgetti leaves his role as creative director of Emilio Pucci. The designer says he is leaving the LVMH-owned fashion house to focus on the growth of his own contemporary label, MSGM.
Last Friday, Carlo Calenda, Minister of Economic Development inaugurated the new Bulgari manufacturing plant and offices in Valenza, the historic jewelry hub located between Milan, Turin and Genoa. The Minister of Economic Development, Carlo Calenda stated that “International investments do help Made in Italy”.
Issey Miyake has inaugurated yesterday its first Italian flagship. Located in Milan on Via Bagutta, the 5,381-square-foot store is the first commercial space to open in 19th century Palazzo Reina, which was recently restored by a real estate firm.
Lionel Vermeil is back at Balenciaga, as director of communication and image, effective Tuesday. He continues as director of fashion and luxury intelligence at Kering, Balenciaga’s parent, a role he’s held since September 2014.
In transit at the Palais de Tokyo today, Junko Shimada literally delivers a collection picked up from her suspended garden between Paris and Tokyo.
Stuck in history. Tony Ward presented his spring-summer collection 2017 during Paris fashion week at the Orotoire du Louvre offering to his guest a mystic and romantic experience. The spirit of this collection was influenced by a story dating the Byzantine period. Ward tried to evoke a moment in history where clothes were very rich in colors and heavy decorated, using quality fabrics with vivid colors embroided with precious stones, crystals and floral laces.
Less is more? Stephane Rolland presented his collection spring-summer 2017 at Xinhua Gallery in the 8th district during Paris Fashion week.
Haute couture in Paris has just started and we are excited to see what it is new, creative and original this year. Today I attended the Haute Couture show of Yanina Couture. Julia Yanina is a russian fashion designer. She has made an original approach by mixing two very different cultures together, russian and spanish. A combination which is very delicate to accomplish and not so evident.
Italy’s government continues to support the country’s fashion industry and has pledged to channel 36 million euros, or $38.1 million, in the system this year through the Italian Trade Commission.
Schiaparelli has officially been awarded Haute Couture status by the French Ministry of Industry and the French Couture Federation, confirmed the brand yesterday. Despite showing its collections during Couture Fashion Week each season since its high-profile has been relaunched in 2014, the fashion house has only enjoyed guest status until now.