With immediate effect, Philippe Farnier has been appointed executive vice president international of Parfums Christian Dior. In an internal memo, parent company LVMH Mot Hennessy Louis Vuitton announced changes in its Perfumes and Cosmetics Division earlier this month. That included the nomination of Véronique Courtois taking the helm of Parfums Christian Dior.
He succeeds Bruno Angibeau, who served as international managing director of Parfums Christian Dior since 2011. He is leaving LVMH.
For now, Farnier will continue to be chief executive officer of Travel Retail LVMH Beauty, working closely with Stéphane Rinderknech, the newly appointed chairman and CEO of LVMH’s Beauty Division. The group is cleaning up after the changes in the group’s newspapers, now it is the perfumes and after certainly couture… It was time!
The shareholders of LVMH Mo*t Hennessy Louis Vuitton voted 81.6 percent in favor of an extension to 80 for its longtime chairman and chief executive officer, who is 73. Dressed in the same shade of blue as President Macron, the luxury titan presided over LVMH’s first in-person shareholder meeting in three years on Thursday morning.
LVMH Moët Hennessy Louis Vuitton said net profit plummeted 84 percent in the first six months of the year, although it forecasts a gradual recovery in the second half, supported by a strong recovery in China during the second quarter.
The luxury conglomerate, which reported record revenue of nearly $60 billion for 2019, is setting its sights on affordable, “clean” beauty via its investment arm, LVMH Luxury Ventures. In an unlikely pairing, the fund invested in Versed, a fast-growing mass label where most products are priced at or below $17.99, and some under $10. The brand recently closed an $11 million Series A, led by Sonoma Brands with participation from Greycroft and Marcy Venture Partners.
LVMH Moët Hennessy Louis Vuitton said sales rose 17 percent in the third quarter, fueled by rapid growth in fashion and leather goods. Sales totaled 13.32 billion euros in the three months ended Sept. 30, up 11 percent on an organic basis, the company said. Analysts had banked on a 9 percent rise in like-for-like revenues.
Louis Vuitton has unveiled the names of the eight finalists for the LVMH Prize for Young Designers, and for the first time, designers from Nigeria, South Africa and Israel have made the final round of the competition.
Alain Chevalier, co-founder of French luxury conglomerate LVMH Moët Hennessy Louis Vuitton, has died at the age of 87. Chevalier passed away on Thursday at his home in Megève.
An exclusive hotel in Paris opened his doors for Canal-luxe.
LVMH has acquired a new perfume brand “Jean Patou”. The giant French conglomerate secretly took management control of Patou last year from Designer Parfums, a UK group based in Watford north of London, which is owned by Mehta business family.
The modern luxury industry rests on a paradox-but is thriving nonetheless. At the Trang Tien Ptaza shopping mall in Hanoi, the capital of Vietnam, some days you have couples in wedding dress and costume who come and pose for photos in front of the fashion brand shop windows like Salvator Ferragamo, Louis Vuitton and/or Gucci offering the sort of backdrop for romance more usually provided by the sea or the mountains. The women are not wearing Ferragamo Vara pumps’ with their distinctive bows, or toting Vuitton subtly monogrammed handbags. 
LVMH has taken a minority stake in Italian jeweller Repossi. The House of Repossi was founded in 1920 in Turin and the great-granddaughter of the company’s founder, Gaia Repossi was born in 1986 in Turin, Italy. Surrounded very early by her father’s experience and passion for creating artistic jewelry pieces, she develops an unconditional love for drawing and later painting.
To celebrate its 165th anniversary, the Parisian leather goods house Moynat has opened a boutique in the heart of Hong Kong’s most famous mall, the Landmark shopping center, which houses 200 luxury brands.
The Administrative Court of Paris has again Monday stoped the building site of the Samaritaine department store confirming the cancellation of the building agrement. LVMH, the owner of the store says surprised … and bring the matter before the Council of State as might be expected.