LVMH
International News
De Beers buys out 50 pc stake from retail partner LVMH
Anglo American's diamond specialist De Beers has bought the 50 per cent stake held by French luxury goods group LVMH in De Beers Diamond Jewellers for an undisclosed sum, taking full ownership of the retail operation.
"More fully integrating the...
International News
LVMH acquires Maison Francis Kurkdjian fragrance brand
French luxury group LVMH said on Monday that it has purchased a majority share in the house created in 2009 by perfumer Francis Kurkdjian and Marc Chaya.
However, the financial terms of the deal have not yet been disclosed.
The company...
Latest News
Dior sales to hit 5 bn euro this year
Bernard Arnault, CEO of LVMH said on Thursday that the total sales figure of Christian Dior (parent company of LVMH) might reach 5 billion euros ($5.63 billion) this year.
Christian Dior Couture has reported a profit of 20 per cent...
Beauty & Wellness
Arvind Ltd to run the beauty chain Sephora
Arvind Limited, led by textile tycoon Sanjay Lalbhai, ties up with the French cosmetics and beauty retailer, Sephora, owned by Moet Hennessy Louis Vuitton (LVMH), to run it's Indian operations, bagging both the store and e-commerce rights. Sephora's three...
Retail
It’s time to tweak strategy for global brands in different markets
At a time when market-driven dynamics are ruling the roost, global brands are doing all they can to bend their strategies and suit diverse market conditions. The world’s largest food service chain, McDonald’s, for instance is planning to tap...
Retail
DIPP Mulls Scrapping of 30% Mandatory Domestic Sourcing Clause for FDI in Single-Brand Retail
The department of Industrial policy and promotion (DIPP) may do away with the 30 percent domestic sourcing clause for FDI in single brand retail leading to increased foreign direct investment inflows, according to a leading daily. Luxury retailers like...
Retail
Bijou Kurien Becomes Member of Strategic Advisory Board at L Capital Asia
Former Reliance Retail lifestyle chief executive Bijou Kurien has joined L Capital Asia as a member of the strategic advisory board according to a leading daily. L Capital Asia is the PE arm of LVMH, the French luxury retailer....
Retail
Delhi Duty Free announces special discounts on anniversary
Delhi Duty Free, India’s duty free operator at T3 at IGI Airport in Delhi, has announced the successful completion of one year of operations. Commemorating the anniversary, it has announced several attractive offers, discounts, free gift offers and promotions...
Retail
LVMH sees no sign of slowdown in luxury after profit surpasses estimates
LVMH Moet Hennessy Louis Vuitton SA (MC), the maker of Celine handbags and TAG Heuer watches, sees no sign of a slowdown in demand for luxury goods after reporting first- half profit that beat analysts’ estimates.Net income climbed 25...
Retail
De Beers eyes China expansion
De Beers SA, the world's largest producer of rough diamonds, said Tuesday it plans to further expand its retail outlets in China this year as it expects China, India and the Middle East to outpace U.S. demand by 2015. The...
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Latest News
Chandigarh witnessed impressive growth in home & kitchen sector on Amazon
The city experienced healthy double-digit growth across various product categoriesNew Delhi: Amazon.in has reported significant growth in the home and...
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