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December 23, 2024
 

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LVMH

A customer leaves a luxury eyewear shop in Hong Kong on Wednesday.
BUSINESS / Tech
Dec 19, 2024
As bitcoin soars, luxury brands consider accepting crypto payments
Luxury labels have long sought to cater to affluent shoppers from the tech industry.
A Louis Vuitton store under construction in the Sanlitun area of Beijing on Oct. 12
BUSINESS / Companies
Oct 17, 2024
LVMH sales drop as Chinese demand for costly handbags cools
Organic revenue at its key fashion and leather goods unit fell 5% in the third quarter, its worst performance since the second quarter of 2020.
Shoppers outside a Sephora store in Vancouver on Aug. 15
BUSINESS / Companies
Aug 22, 2024
LVMH’s Sephora cuts around 10% of staff in China as its woes deepen
While Sephora has expanded to some 300 stores since entering China in 2005, the country is increasingly difficult for higher-end retailers to navigate.
A man walks past a store of luxury brand Burberry at a shopping mall in Beijing in 2021.
BUSINESS / Markets
Jul 17, 2024
Luxury brands feel the sting as Chinese growth slows
China accounted for 16% of $393.8 billion of global luxury spending last year, but the economy grew slower than expected in the last quarter.
The Dior investigation focused on four suppliers employing 32 staff who worked in the surroundings of Milan, two of whom were immigrants in the country illegally while another seven worked without the required documentation.
BUSINESS / Companies
Jun 11, 2024
LVMH's unit put under court administration in Italy over labor exploitation
A probe alleged that the Italian subsidiary, which makes Dior-branded handbags, had subcontracted work to Chinese-owned firms that mistreated workers.
LVMH CEO Antoine Arnault (left), LVMH head Bernard Arnault (center) and Paris 2024 Organising Committee President Tony Estanguer pose at a news conference announcing the luxury titan as a premium sponsor of the Paris Games on Monday.
OLYMPICS
Jul 25, 2023
LVMH strikes Paris Olympics sponsorship deal
The agreement has been expected to cost around €150 million ($166 million) and involve promotions focused on the group as well as its largest fashion and champagne labels.
Japan Times
BUSINESS / Economy
Jul 19, 2023
Why China could become the luxury industry's next sore spot
The luxury goods industry has relied heavily on China and North America for growth in recent years, but latest figures suggest both markets may be starting to slow.
Japan Times
COMMENTARY / World
Oct 11, 2020
French billionaires seize pandemic opportunities
France is the land of what writer Pascal Bruckner calls 'Bolshevism-lite,” where wealth is publicly hated but privately hoarded.
Japan Times
BUSINESS
Nov 25, 2019
France's LVMH close to $16.3 billion deal to buy Tiffany after sweetening offer: sources
LVMH is close to buying U.S. jewelry chain Tiffany & Co. for about $16.3 billion after sweetening its offer, sources said on Sunday, as the owner of Louis Vuitton and Bulgari aims to tap the fast-growing luxury jewelry market.
Japan Times
BUSINESS
Oct 28, 2019
$14.5 billion acquisition offer: Louis Vuitton really wants something from Tiffany but timing may be iffy
LVMH is apparently looking to add a new bauble to its collection of luxury industry jewels. It might want to remember that, in jewelry as in corporate acquisitions, the patient shopper often gets a better deal.
Japan Times
WORLD / Science & Health
Sep 26, 2019
French billionaire Bernard Arnault calls teen climate activist Greta Thunberg 'demoralizing'
LVMH Chairman Bernard Arnault had some critical words for teenage environmental activist Greta Thunberg when he spoke at the luxury giant's sustainability event in Paris.
Japan Times
LIFE / Style & Design
Jul 29, 2018
The fashion industry welcomes a Doublet dose of parody
Masayuki Ino, designer of streetwear brand Doublet, reveals how luck and good sense of humor helped him become the first Japanese LVMH Prize winner.
Japan Times
LIFE / Style & Design
Jul 22, 2018
Now that's ironic: Untrendy fashion trends
Japanese street style can't help looking back to all those things you thought would never come into fashion.
Japan Times
BUSINESS / Companies
Jul 27, 2017
LMVH profit jumps as Japan, Europe join China luxury rebound
LVMH's first-half profit grew at the fastest rate since 2011 as Japan and Europe joined a luxury industry recovery led by China, showing double-digit sales increases in the second quarter.
Japan Times
BUSINESS / Companies
Apr 2, 2014
Mori Building, LVMH to invest ¥83 billion in Ginza retail development
Mori Building Co., Japan's biggest closely held developer by sales, and LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods maker, will form part of a group developing a retail and office complex in central Tokyo, in a bid to cash in on expectations of increasing consumer spending leading...
Bankruptcies and suicides rise as Japanese struggle with mounting debt
Lawyers estimate that personal bankruptcies in Japan are on track to reach the highest since 2012 this year.
Honda and Nissan consider mutual production of vehicles, report says
Honda CEO Toshihiro Mibe at the Japan Mobility Show 2023 at Tokyo Big Sight in October 2023.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Record 78% of people in Japan feel anxious, government survey finds
The public opinion survey on people's lives, conducted by the Cabinet Office, found that 28.1% of respondents think that their standard of living is at a lower-middle level among the general public — the highest percentage to give that response in 35 years.
Nippon Steel alleges undue White House influence on doomed deal review
U.S. President Joe Biden delivers remarks on the economy at the Brookings Institution in Washington on Dec. 10.
Casual workouts, cool living, ‘complete’ food: Japan’s health trends of 2024
In 2024, efficiency trumped effort among Japan's fitness-focused aspirants.
The mighty Mekong River's growing plastic problem
A group of elephant keepers in Chiang Saen, Thailand, remove plastic waste from the Ruak River, a tributary of the Mekong River, as a pair of Asian elephants bathe behind them.
Japanese officials inspect Yokota Air Base over PFAS concerns
The Yokota Air Base in western Tokyo in September 2019. An inspection of the base by Japanese government officials on Friday came amid public pressure to investigate suspected links between the use of PFAS-containing firefighting foam by the U.S. base and contamination of soil and groundwater in western Tokyo.
Crime numbers rise in Japan for second straight year
A police officer stands in front of the residence of a man alleged to have stabbed two junior high school students in Kitakyushu.
A year of Oscar wins and a quiet push for diversity
Ryusuke Hamaguchi’s “Evil Does Not Exist,” released in Japanese theaters in April, sharply dramatizes the clash between rural and urban values. The film won five awards at the 2023 Venice Film Festival, including the second-place Silver Lion prize.

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