LVMH
This coverage focuses on LVMH’s influence and activities within the UK retail landscape. Reporting highlights store openings, brand performance, strategic acquisitions, marketing campaigns, and executive appointments — all analysed through their impact on luxury retail operations, market positioning, and consumer trends. The content is designed for professionals managing retail, brand, and commercial strategies in the premium and luxury sectors.
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Nov- 2024 -15 NovemberNews-In-Brief
Today’s news in brief-15/11/24
The UK economy stagnated in Q3 2024, with GDP rising just 0.1%, a sharp slowdown from 0.5% growth in Q2. The services and construction sectors saw modest gains, but production shrank. Nominal GDP increased by 0.8%, driven by rising employee compensation. Economic uncertainty, partly due to the upcoming budget, hindered…
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15 NovemberLuxury Goods
LVMH unveils new leadership team appointments
LVMH chairman and chief executive officer Bernard Arnault has made a raft of appointments to the group’s leadership team after consulting with the Sustainability and Governance Committee of the board of directors. Maud Alvarez-Pereyre will be appointed executive vice president Human Resources of the LVMH Group and become a member…
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Oct- 2024 -18 OctoberAnalysis
A look at Mulberry’s financial struggles and future prospects
Once a darling of the British fashion scene in the 2000s, Mulberry was a go-to accessory for trendsetters like Alexa Chung with its signature leather handbags, such as the Bayswater. However, the group is now grappling with a financial crisis, reporting a pre-tax loss of £34.1m for the year ending…
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7 October
Today’s news in brief-7/10/24
Mulberry founder Roger Saul has suggested that luxury retailer Mulberry might be a better fit with European luxury group LVMH rather than Mike Ashley’s Sports Direct, following Ashley’s unsuccessful £83m bid to acquire the company. Saul, who founded Mulberry in 1971, emphasised that the brand had drifted from its original…
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7 OctoberLuxury Goods
Mulberry founder suggests LVMH may be best fit for bidder
Roger Saul, the founder of luxury handbag retailer Mulberry, has told This is Money that it would fit “more naturally” with a European luxury group like LVMH. It comes after the retailer rejected an £83m bid from Sports Direct CEO Mike Ashley last week, despite admitting that Mulberry has struggled…
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2 OctoberNews-In-Brief
Today’s news in brief-2/10/24
Shop prices fell by 0.6% in September, marking the lowest annual growth since August 2021. Non-food items saw deflation deepen to -2.1%, while food inflation slightly rose to 2.3%, influenced by higher prices in cooking oils and sugary products. Nike’s first-quarter revenue dropped 10% to $11.6bn, prompting the company to…
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2 OctoberLuxury Goods
LVMH sells Virgil Abloh’s Off-White to Bluestar Alliance
LVMH has announced the sale of luxury streetwear brand Off-White to New York-based brand management company Bluestar Alliance. Founded in 2013 by late Louis Vuitton artistic director Virgil Abloh, the brand was established to define the “grey area” between black and white as a colour. In 2021 LVMH acquired a…
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Sep- 2024 -9 SeptemberClothing & Shoes
LVMH names Sarah Burton as Givenchy creative director
Givenchy has announced the appointment of Sarah Burton as creative director, with immediate effect. Burton will be responsible for the creative direction of all of the Maison’s Women’s and Men’s collections. Burton was born in Macclesfield and educated in Manchester, before studying Fashion at Central Saint Martins College of Art…
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5 SeptemberClothing & Shoes
Dior appoints Miu Miu CEO as managing director
LVMH-owned Christine Dior has announced the appointment of Miu Miu CEO Benedetta Petruzzo to the executive committee as managing director, effective 15 October 2024. Petruzzo will officially replace current managing director Charles Delapalme and will report to Delphine Arnault, chairman and chief executive officer of Christian Dior Couture. In her…
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Jul- 2024 -25 JulyLuxury Goods
Burberry begins hunt for chair’s successor
Burberry is reportedly seeking a new board member who could replace incumbent chair Gerry Murphy, according to reports from Sky News. The company is reportedly working with headhunters to identify two new non-executives who would be contenders to replace Murphy. A definitive timetable for his successor has not been laid…
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