Why LVMH’s acquisition of Cartier from Richemont is unlikely
According to a report from Swiss newspaper Finanz und Wirtschaft, LVMH is looking to acquire Cartier from Richemont as a complement to Tiffany & Co., acquired in 2021.
According to a report from Swiss newspaper Finanz und Wirtschaft, LVMH is looking to acquire Cartier from Richemont as a complement to Tiffany & Co., acquired in 2021.
Gaining ground thanks to the reopening of bricks-and-mortar locations and social event resurgences, luxury brands have acted as primary drivers of retail revenues worldwide over the last few years, according to a new report.
Luxury Daily’s live news: Christie’s luxury division names new global managing director; LVMH, Fendi debut award dedicated to Italian artisanry; CFDA celebrates 10-year initiative anniversary with grant renewal announcement; IHG continues support of human-trafficking survivors by hosting forum in Atlanta; Alfa Romeo models top Editor’s Choice list for sixth consecutive year; Stoli Group continues food relief efforts in Ukraine with limited-edition release.
Luxury Daily’s live news: Christie’s luxury division names new global managing director; LVMH, Fendi debut award dedicated to Italian artisanry; CFDA celebrates 10-year initiative anniversary with grant renewal announcement; IHG continues support of human-trafficking survivors by hosting forum in Atlanta; Alfa Romeo models top Editor’s Choice list for sixth consecutive year; Stoli Group continues food relief efforts in Ukraine with limited-edition release.
In honor of ancestral approaches to “savior-faire,” French luxury conglomerate LVMH is kicking off this year’s “Maestri d’Eccellenza” award round.
Luxury Daily’s live news: LVMH continues luxury watchmaking climb with Daniel Roth relaunch; Latest Mytheresa fiscal report spells luxury sales slowdown for 2022; Kering ushers in second wave of virtual mentorship program aimed at equity; New partnership between Mercedes-Benz, Google Maps advances luxury navigation experience.
Luxury Daily’s live news: LVMH continues luxury watchmaking climb with Daniel Roth relaunch; Latest Mytheresa fiscal report spells luxury sales slowdown for 2022; Kering ushers in second wave of virtual mentorship program aimed at equity; New partnership between Mercedes-Benz, Google Maps advances luxury navigation experience.
In a move that signals an ongoing pursuit of sector ownership, the group has announced plans to relaunch Swiss watch brand Daniel Roth.
The size of China’s Daigou market reached $57 billion (400 billion RMB) in 2020. Though tightening government regulations and the pandemic dealt a blow to its growth, this gray market could see some recovery now that Chinese borders have reopened.
Luxury Daily’s live news: L’Oréal Luxe sales up 10pc in Q4 2022; Eminente of LVMH hosts Cuban rum pop-up in Paris; YSL Beauty appoints Lila Moss as US ambassador; Preferred Hotels and Resorts adds new locations, luxury amenities to portfolio.