The LVMH group boasts several luxury brands under its umbrella. And in adding a big name to the list, the conglomerate is now set to scoop in jewelry brand- Tiffany & Co. for a cool $16.2 billion! As part of the deal, the French luxury group will pay $135 per Tiffany share, making the acquisi…
Tag Archive for Bernard Arnault
LVMH Makes Acquisition Bid for Tiffany & Co. Currently Valued US$12 billion
According to Bloomberg reports, LVMH is in talks to buy Tiffany & Co. Given the high-end jewellery sector’s relative resilience to downturns comparative to high-end watchmaking prompting even Kering Group’s Gucci to open a jewellery boutique on Place Vendome, the takeover bid by the owner of …
Luxury Cars: A Challenge to the French
France is renowned as the world capital of luxury but they have not been able to develop luxury brands in the car industry, despite all the expertise in leveraging the touch points of luxury (exclusivity, highest quality, finest creativity, selected distribution, powerful communication, magnifice…
Stars War: It’s Gucci Vs. Louis Vuitton
Marco Bizzarri, Gucci CEO, recently announced that Gucci aims to reach 10 billion euro in revenues in the near future. In 2017, the brand reached a peak of 6.2 billion euro with a growth rate of 42 percent compared to the previous year. The brand’s obvious target is Louis Vuitton, owned by …
Louis Vuitton: The Art of Top Luxury Brand Maintenance
Louis Vuitton’s strong identity and DNA derive from the long-term vision implemented in its own evolution. Collaborations with renowned artists help develop rather than distort the brand. In a recent speech, Bernard Arnault, the mastermind behind LVMH, said that he is not obsessed by the size of …
LVMH’s High-stakes Foray into Multibrand Luxury E-commerce
LVMH, the owner of many of the world’s biggest luxury brands (including Bulgari, Givenchy and Louis Vuitton), is launching its own online store in June. The new site – 24Sevres.com, inspired by its exclusive Parisian department store, Le Bon Marché – the upmarket department sto…