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November 22, 2024
 

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LVMH

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...
Two of America’s biggest debt holders are dumping Treasurys
The U.S. Treasury building in Washington. Investors in Japan and China sold a pile of U.S. debt in the last quarter, just before the U.S. presidential election.
Russia fired experimental ballistic missile at Ukraine, Putin says
Ukrainian firefighters work on a spot following an airstrike in Dnipro on Thursday.
Ishiba aggravates his own political failures with diplomatic faux pas
Prime Minster Shigeru Ishiba is greeted at the APEC summit in Lima by Canadian Prime Minister Justin Trudeau on Friday. The Japanese leader was criticized for remaining seated while meeting several world leaders at the event.
Japan's 3.31 million visitors in October set monthly record
Kiyomizu Temple in Kyoto in December 2023. Famous autumn leaf colors contributed to increased tourism demand last month from many markets across Asia, Europe and North America, the Japan National Tourism Organization has said.
Japan ranks last in romance satisfaction for second straight year
In a survey of 31 countries, Japan ranked last in terms of those who felt loved, with just 51% of respondents saying so.
The slow-burn success of ‘A Samurai in Time’
A 19th-century warrior gets struck by lightning and wakes to find himself in 21st-century Kyoto in Junichi Yasuda’s surprise hit “A Samurai in Time.”
Around a quarter of Japan married couples in their 20s met through dating apps
A survey released by an organization promoting “Good Couples Day” shows that 24% of couples in their 20s met their marriage partner through a dating app.
'Tokyo Swindlers': Get deep into the minds of real estate con artists
In Ko Shinjo's "Tokyo Swindlers," a group of con artists manipulates real estate giants into falsified deals within the highly competitive, quick market.
Japan, U.K. and Italy discuss inviting more countries to joint fighter project
A new concept model of a next-generation fighter jet to be jointly developed by Japan, Britain and Italy is on display in Farnborough, Hampshire, in July.
Haruki Murakami's 'The City and Its Uncertain Walls' gives deep deja vu
For “The City and Its Uncertain Walls,” translated into English by Philip Gabriel, Haruki Murakami confronts the ghosts who won't leave him alone.

Podcast

One of the many entrances to the Kabukicho neighborhood in Tokyo’s Shinjuku Ward.
Kabukicho: Tokyo’s ‘stadium of desire’

Longform

Construction takes place on the Takanawa Gateway Convention Center in Tokyo, slated to open in 2025.
A boom for business tourism in Japan?
By Kathryn Wortley

SUSTAINABLE JAPAN

mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world
mission sustainability vol.12 : Kose Corp.Kose takes pride in creating beauty in the world

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