President Donald Trump will this week visit a new Louis Vuitton facility in Texas, which is being bolstered by local government financing, underlining his close relationship with Bernard Arnault, Europe’s richest man.
As exclusive collaborations become more important to luxury e-tailers in a world where consumers can access product from anywhere, Net-A-Porter and Jimmy Choo have worked on an exclusive collaboration for the first time.
Few luxury brands have been as quietly busy as Chanel, which has strategically bought stakes in three new businesses and, just this week, unveiled the structure of its new center for artisanal excellence, called 19M.
Luxury conglomerate LVMH has acquired a stake in Madhappy, the American direct-to-consumer casualwear brand, via LVMH Luxury Ventures, an investment vehicle with the group that previously bought into Gabriela Hearst.
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.
Positive Luxury, which seeks to connect luxury brands and people who care about sustainability, has began operating in France in the US and will host a series of events in Paris, New York and London next week.