French luxury group LVMH has persuaded U.S. jewelry chain Tiffany & Co to provide it with confidential due diligence after it raised its bid to close to $16 billion, people familiar with the matter said on Wednesday.
Jewellery is a booming, sought-after sector, as shown by LVMH’s recent bid for Tiffany & Co. FashionNetwork looks into the advantages and potential of an industry still little-known and underexploited by luxury groups.
At a time when every major luxury group wants to buy a niche perfume brand, few indie scent houses have been performing as enticingly as Memo International - whose three marques are all rapidly expanding worldwide.
It is hard to imagine a more venerable luxury brand than Cartier, which has a reputation for artisanal excellence second to none. Yet, the majority of its audience is that lodestone of modern marketing, millennials.
La Samaritaine, the greatest construction project of the world’s largest luxury construction company – encompassing a chic department store, hotel, office space and even public housing – is finally, almost, ready.
The jewelry retailer announced on Monday that its SVP and chief merchandising officer, Pamela Cloud, will be stepping down from her position, and also revealed that it is creating the new role of chief brand officer.
After working at Sephora, and leading Kenzo Parfums for nine years, Patricia Tranvouëz has left the LVMH group to take charge of the French lingerie and ready-to-wear retailer, replacing Cédric Taravella.
A matter of days after the confirmation of a collaboration between Prada and Adidas, the worlds of luxury and sneakers may be coming together once again, via a Jordan 1 signed by Dior, rumored to be released next June.
The luxury label has created the case for the League of Legends world championship trophy, awarded on Sunday in Paris, while Nicolas Ghesquière designed the outfit of Qiyana, one of the video game’s characters.