All LVMH articles – Page 2
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NewsEBay’s fine in LVMH court case reduced
EBay has had its fine over LVMH fakes sold on its site slashed by a French court of appeal.
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News
LVMH to acquire 70% of Brazil’s Sack’s
France-based luxury and specialty retail group LVMH is to acquire a 70% stake in Sack’s, a leading online retailer of fragrances, cosmetics and toiletries in Brazil.The operation will form part of the group’s beauty store operation, Sephora, and the acquisition will mark Sephora’s entry into the Brazilian market.Sephora is expected ...
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Sales rise at LVMH’s Selective Distribution
LVMH has reported a 4% year-on-year rise in sales at its Selective Distribution business, which includes Sephora and DFS, its luxury duty free arm, to €4.38bn (£3.9bn).Profit from recurring operations was flat at €388m (£349m). LVMH said: “Sephora had a good year with further growth in revenue and profit from ...
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NewseBay hit outs at French court fine over LVMH sales
Online auction site eBay has accused the French courts of “hurting consumers” and has dubbed a €1.7m fine “disproportionate” after losing a case against luxury goods group LVMH.
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LVMH records revenue of €7.8bn
Luxury goods retailer LVMH recorded revenue of €7.8bn (£6.7bn) in the first half, reflecting a slight increase against the same period in 2008 despite the global economic crisis and a strong comparable performance.Chairman and chief executive Bernard Arnault said: “The first-half results once again demonstrate the exceptional appeal of our ...
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LVMH denies sale of spirits division
LVMH, the world’s largest luxury goods retailer, revealed first-quarter same-store sales fell 7 per cent and denied reports that it is to sell its wine and spirits division Moët Hennessy.In the quarter to March 31, total sales were flat at E4.02bn (£3.61bn) after demand fell for alcohol, watches and jewellery, ...
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LVMH slashes spending for the year after income falls
French luxury retail giant LVMH has slashed its budget for new stores and cut capital expenditure by up to 15 per cent this year to help it steer through the global slowdown.
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LVMH reports stellar first half
Luxury retail group LVMH has said that it is confident of a strong performance in its second half, after notching up organic sales growth of 12 per cent for its first half.
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EBay to pay out to LVMH
Auction site eBay has been ordered by a French court to pay almost €40 million ( 31.7 million) to luxury goods group LVMH for failing to block the sales of counterfeit goods on its site.
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French threaten LVMH boycott in China row
LVMH chairman Bernard Arnault threw his support behind Beijing as concerns grow in France over Chinese calls for a boycott of French goods.
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LVMH sales climb
French luxury group LVMH reported group sales up 5 per cent to €4 billion ( 3.22 billion) in the first quarter.
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LVMH reports strong sales growth
Luxury group Moet Hennessy Louis Vuitton (LVMH) increased revenues by 13 per cent to €11.4 billion ( 7.95 billion) in the first nine months of this year.
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