A fight about who will bear the cost of the slump in champagne sales
LVMH, is a French holding company and the world's largest luxury goods conglomerates. It is the parent of nearly 60 sub-companies, each managing some what autonomously a small number of prestigious brands. The group was formed after mergers brought together champagne producer Moët et Chandon and Hennessy, a leading manufacturer of cognac. In 1987, they merged with fashion house Louis Vuitton to form the current group.
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Moët Hennessy, the wines and spirits group owned by LVMH, the world’s leading luxury products group, announced the...
Revenues at De Beers Diamond Jewellers rose 6 percent in 2008 as a strong bridal market helped boost sales.
Having struggled for months to name a new CEO at Barneys, the owners of the luxury chain are now tripping over their...
Like the first shoots in barren soil, the spring fashions are appearing in store windows as the final remnants of sales...
Hermes International, the maker of high-end scarves and Birkin handbags, said Friday that fourth quarter revenue rose 6.
The luxury goods market is one sector that is unlikely to escape the ravages of the financial crisis. Or so the...
Dior scrapped the champagne and laid on the glitter at its menswear show in Paris on Sunday, trying to seduce reluctant...
Top Sources: LVMH Group
- People's Daily Online
- Financial Times
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