Luxury titan Bernard Arnault on Friday confirmed that LVMH is already actively using blockchain for several of its luxury brands, as the French billionaire and high-tech fan presented the latest Innovation Award.
The YNAP buy lit a rocket under Richemont sales last year, but it dented profitability. Yet the group remains strong with jewellery and watches buoyant while Chloé and Dunhill have seen good reactions to new products.
Giorgio Armani has altered the time and location of its signature menswear show on June 17 in the upcoming Milan menswear catwalk season, significantly helping to anchor the final day of Milano Moda Uomo.
Barely two years after its launch, the LVMH-owned e-commerce site has already changed its name. The group announced on Wednesday that the brand is now called 24S, in an effort to boost its international development.
Farfetch is still loss-making as it invests in growth and that growth is certainly explosive at present with revenue surging as it adds brands and customers, and launches new developments at a frenetic pace.
Burberry's results may have looked unspectacular on paper but coming in a year of huge change, they showed it's moving in the right direction and building a buzz around its rebirth as an even more luxury-focused brand.
A proposal to ban the sale of fur in New York has pitted animal rights advocates against an unexpected alliance of local industry figures and minority groups who say wearing fur is an important cultural marker.
Louis Vuitton has won the dismissal of a lawsuit by a California toy company that accused the French luxury goods maker of trying to interfere with its sales of a poop-shaped toy purse for children, Pooey Puitton.