LMVH maison Louis Vuitton is lowering its retail prices in China. In a statement issued by the maison to the newspaper Jing Daily, the brand announced that it had decided to "lower prices on a wide range of products to support the government's efforts to reduce the cost of luxury goods sold in China". The Ministry of Finance in Beijing, starting...
Jul 5, 2018
Protests in Hong Kong, an economic slowdown and anti-corruption drive in China and a coup in Thailand: Asia is no longer a market of constant growth for luxury goods firms. LVMH, world number-one in the sector and owner of brands like Louis Vuitton, Givenchy and Dior, saw its sales drop by 3 percent in Asia, excluding Japan, in the third-quarter...
Oct 20, 2014
Forbes have released its annual billionaire list and for the second year running, fashion’s richest man is LVMH chairman Bernard Arnault, who came in a number 4 on the list with his net worth valued at $41bn, which also made him the richest man in Europe. Arnault was closely followed by founder of high street store Zara, Amancio Ortega who came...
Mar 9, 2012
