LVMH has 150 employees in Ukraine. Image courtesy of LVMH
Luxury Daily’s live news for March 2:
LVMH donates more than $5M to Ukraine aid efforts
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton has announced an emergency donation to aid efforts for Ukraine.
Please click here to read the article
Burberry supports Ukrainian aid efforts
British fashion house Burberry is supporting relief efforts in Ukraine as the Russian invasion continues.
Please click here to read the article
Vogue Ukraine implores fashion brands to join Russian embargo efforts
Condé Nast’s Vogue Ukraine is calling on fashion and luxury brands to place an embargo on Russia as the country’s invasion of Ukraine continues to unfold.
Please click here to read the article
Nordstrom’s suburban performance outpaces urban stores
U.S. department store chain Nordstrom finished 2021 within the company's fiscal expectations, reporting net earnings of $200 million for the quarter ended January 29, 2022.
Please click here to read the article
Ralph Lauren exec resigns following conduct allegations
U.S. fashion group Ralph Lauren Corporation has announced the resignation of its chief commercial officer, Howard Smith.
Please click here to read the article
Free webinar: How Russia’s invasion of Ukraine will impact the luxury market
Register now for this free webinar Friday, March 4 at 11 a.m. to noon ET (New York time) on how Russia's invasion of Ukraine will likely impact the luxury market, with potential consequences for brands if affluent consumers shift behavior.