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GIL vs. LVMUY: Which Stock Is the Better Value Option?

Carbon-negative materials company Origin Materials and luxury retailer LVMH Beauty, a division of LVMH Moët Hennessy Louis Vuitton, have partnered to roll out “sustainable low-carbon footprint pack

The U.S. may still be the single biggest and most lucrative market on earth, but China is clearly where the growth is at. The fact that this nation of unique potentialities and challenges holds the ke

The luxury-goods company said pandemic-related lockdowns in China would weigh on demand. Its quarterly sales were better than expected.

Even with the pandemic continuing to spread and supply chains snarled around the world, LVMH Moët Hennessy Louis Vuitton saw a 29% spike in its 2022 first-quarter revenue, hitting 18 billion euros (a

Strong demand for Louis Vuitton and Dior products helped lift first quarter sales at the world's largest luxury goods conglomerate LVMH, showing the sector's resilience despite geopolitical tensions a

Luxury goods retailer LVMH collected biometric data from customers that tried on its virtual glasses, according to a proposed class action lawsuit.

The ban does not appear to impact current inventory, as well as diamonds that had already begun the journey from Russia to Tiffany suppliers.

Bernard Arnault, 73, could extend his tenure at the helm of luxury house LVMH to the age of 80, according to a company filing ahead of its annual shareholder meeting.

PARIS (Reuters) – Investment company HLD said it was in talks with L Catterton – the private equity firm backed by LVMH boss and French billionaire Bernard Arnault over buying a majority stake in the fashion company ‘ba&sh’.

Value of country’s fakes tripled from 2019 to 2020 as it became main source of counterfeit designer clothes stopped at EU borders Photos of fake Gucci bags, Louis Vuitton sweatpants and Nike sneakers are flaunted on the social media accounts of a Turkish store with more than 155,000 followers on TikTok. There are thousands of comments under the posts in English, Italian, Bulgarian, Polish, German, Spanish and French. Turkey is the third biggest exporter of counterfeit products to the EU after China and Hong Kong, according to data on the value of goods seized. Falls in the value of the Turkish lira and the deterioration of the Turkish economy are further fuelling demand as such items become cheaper to traders buying in euros. Continue reading…

By Mimosa Spencer PARIS (Reuters) - In a nod to the war in Ukraine, Stella McCartney closed her namesake label’s winter catwalk show to the music of John Lennon’s anti-war ballad "Give Peace a Chance". Models wound around glass-encased corridors atop the Pompidou Center, parading sleek, bohemian-flavored dresses with pockets and slit balloon sleeves while the rhythmic music played, with sweeping views of Paris as a backdrop. "I believe very firmly in peace and love and obviously to use John’s song, who was my dad’s best friend…it just shows for me, it’s a personal song that reflects the whole world''s thoughts, I hope, right now,” McCartney told reporters after the show, referring to her father, Paul McCartney. Some fashion designers have spoken publicly about their struggle to find the right tone for their shows and make the decision to carry on with Paris Fashion Week events while the world is focused on the Ukraine crisis. The French capital hosts the final stretch of industry shows that also took place in New York, London and Milan, and wraps up on March 8.

Kohl's Corp (NYSE: KSS) provided a long-term financial target update, expecting low-single digits percent sales growth and mid-to-high single digits percent EPS growth. The company aims to grow the

Designer labels exempt from EU sanctions but face disruption to shipments and business transactions Russia-Ukraine war: live updates Burberry has become the latest luxury brand to temporarily shut its stores in Russia following Moscow’s invasion of its neighbour Ukraine, after similar moves in recent days by Louis Vuitton, Hermès, Kering, Chanel and Prada. The British fashion brand has three stores in the country include one run by a franchisee and one in Moscow’s famous Red Square. It had already announced last week that it had halted deliveries to the outlets but confirmed this weekend that it was shutting them for the time being. Continue reading…

(UPDATED) NEW YORK, United States: Card payment giants Visa and Mastercard announced Saturday (Sunday in Manila) they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. "Noting the unprecedented nature of the current conflict and the uncertain economic environment," Mastercard said it had "decided to suspend our network services in Russia." Visa, for its part, said that "effective immediately" it would "work with its clients and partners within Russia to cease all Visa transactions over the coming days." Major corporations across a range of industries have halted business in Russia since its invasion began 10 days ago, including everything from US-based tech firms such as Intel and Airbnb to French luxury giants LVMH, Hermes and Chanel. Visa and Mastercard had already announced that they were complying with US and international sanctions imposed on Russia in the wake of its attack. "Our colleagues, our customers and our partners have been affected in ways that most of us could not imagine," Mastercard said, stating that its cards issued by Russian banks would no longer be supported by the company''s network.