It’s all change at LVMH, where another respected CEO in the extended group is set to leave a thriving fashion house. Simon Whitehouse, the energetic CEO of J.W. Anderson will quit the company at the end of the year.
After Versailles last year, the NY Times is staging its international luxury conference 2017 in Brussels, a two-day event that will explore the evolution of the luxury market in a constantly changing world.
Richemont, the world's second-largest luxury group, said Friday it had enjoyed exceptional profit growth in the first half of its financial year as the firm moved on from a costly buyback of its high-end watches.
Nicola Glass will join the handbag and accessories brand in early 2018, and will succeed Deborah Lloyd who is leaving the company. Glass currently serves as SVP of Accessories and Design at Michael Kors.
Hermès has feted the opening of a novel exhibition of the very particular art of its long-time collaborator, Leïla Menchari, legendary for her unique set skill. Menchari is France’s most famous window dresser.
Sidney Toledano is to resign from his position as CEO of Christian Dior and be replaced by Pietro Beccari, CEO of Fendi, in a significant change of management within LVMH. And more changes are in the pipeline.
Luxury handbag maker Hermes said sales growth had accelerated in the third quarter, as demand for its perfume and scarf lines proved particularly strong and its performance in Europe and the Americas improved.
Following a stellar second-quarter performance, Michael Kors' CFO outlined this week its strategy for the firm's holiday quarter, including less promotional days and a Google campaign to market its Access smartwatch.