The French luxury conglomerate is competing with Estée Lauder.
LVMH’s strong third-quarter sales prompted a spike in share prices across the industry.
Chanel, LVMH, Kering and more have joined the call to close their Russian retail locations in the wake of Vladimir Putin’s Ukraine invasion.
The luxury conglomerate will prohibit the use of fur across all of its brands starting with its fall 2022 collections.
Kering reportedly approached Richemont about a possible merger back in January
The project is literally helping to keep the lights on.
In a statement, the company has vehemently denied allegations of fraud and tax evasion.
Surprise, surprise: LVMH came out on top.
The Italian brand’s resale value is 2.3x higher than comparable labels.