LVMH

5 Stories

Louis Vuitton Owner to Get Hand Sanitizers Flowing

LVMH will use its perfume production lines to help supply gels during coronavirus outbreak

(Newser) - It's difficult to find hand sanitizer during the novel coronavirus outbreak, but France may soon see some relief thanks to a major luxury-goods maker. The BBC reports that LVMH—owner of the Louis Vuitton, Givenchy, Tiffany, and Christian Dior lines, among others—will "use the production lines of... More »

This Is Luxury Industry's Biggest Deal Ever

French giant LVMH is paying $16.7B for US firm Tiffany

(Newser) - French luxury giant LVMH Moet Hennessy Louis Vuitton said Monday it has reached a deal to buy US-based jewelry legend Tiffany & Co. for $16.2 billion. LVMH said in a statement that the deal values the 180-year old Tiffany and its 300 boutiques worldwide at $135 a share. The... More »

Meet the World's Richest Female Musician and Her $600M

That would be Rihanna, per 'Forbes'

(Newser) - The world's richest female musician has a net worth of $600 million—and it's mainly not from her music. Forbes has bestowed the honor upon Rihanna, noting that the bulk of her fortune (about $570 million of it) comes from the Fenty Beauty cosmetics line she co-owns with... More »

Rihanna's Fashion First: Her Own Label at LVMH

Singer to launch a luxury line, Fenty, this spring

(Newser) - Rihanna is entering a new field with "no artistic limits." In a few weeks, the singer will unveil the first products of her new Fenty label. That will make her the first woman to create an original brand for LVMH, the BBC reports, and the first woman of... More »

Luxury Biz Booms Thanks to World's Nouveau Riche

Brazil, Indonesia, China fuel surge for high-end goods

(Newser) - The world economy may be troubled, even in crisis in many areas, but don't tell that to the rich—luxury goods had a great 2011, thanks to all the new millionaires and billionaires, especially from the developing world, reports the Wall Street Journal . Sales at Prada were up 33.... More »

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