Finally after 16 years closed; municipal headaches; massive rebuilding and Covid delays, France’s most storied department store La Samaritaine revealed itself on Monday, after an estimated €750m investment by owner LVMH.
The ailing fashion group, listed on the Hong Kong stock exchange, has appointed Mark Daley, formerly with Billy Reid, Ralph Lauren and DFS, as its new CEO, while Yung Ting Wan has taken charge of product development.
LVMH has appointed Chris de Lapuente as its new Chairman and CEO of the luxury conglomerate’s Selective Retailing Division, making him one of the most powerful executives within the giant French luxury conglomerate.
Recovering sales of Louis Vuitton handbags helped LVMH contain the fallout from the coronavirus crisis in the third quarter, as the world's biggest luxury goods group reported a smaller-than-expected drop in revenues.
LVMH, Kering and Hermès were able to cushion the Hong Kong troubles’ impact on their quarterly results, but the city’s stalemate is problematic. FashionNetwork.com looks at how this could benefit Singapore.
Crystal specialist Swarovski has chosen Milan and Italy as the first venue of its new Crystal Studio retail format, based on interactivity and digital tech, which will be replicated with various adaptations worldwide.
Louis Vuitton owner LVMH on Wednesday reported better-than-expected revenue growth for the third quarter, in spite of months of unrest in Hong Kong that have put off tourists and forced luxury labels to shut stores.