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rosemaryhelenxo · 5 months ago
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Gucci Cushion De Beauté Foundation: The Perfect On-the-Go Beauty Tool for Flawless Touch-Ups | Review
“Gucci has always been a leading brand in the fashion industry, known for its luxury and high-quality products. “ However, in recent years, the brand has expanded its reach to the beauty world, launching a range of makeup products that have quickly become must-haves for beauty enthusiasts. Combining luxury and functionality, this cushion foundation has become a favorite among beauty…
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shoppingmagazine · 5 years ago
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Shopping Magazine  |  TOM FORD
In April 2005, Tom Ford announced the creation of the TOM FORD brand. Ford was joined in this venture by former Gucci Group President and Chief Executive Officer Domenico De Sole, who serves as Chairman of the company. That same year. Ford announced his partnership with Marcolin Group to produce and distribute optical frames and sunglasses, as well as an alliance with Esteé Lauder to create the TOM FORD BEAUTY brand. In April 2007, his first directly owned flagship store opened in New York at 845 Madison Avenue to coincided with the debut of the TOM FORD Menswear and Accessory collection. In September 2010, Ford presented his much anticipated womenswear collection. Presently, there are 113 freestanding TOM FORD stores and shop-in-shops in locations such as New York, Toronto, Beverly Hills, Zurich, Milan, Puerto Banus, Moscow, Osaka, Atlanta, Las Vegas, Baku, Dubai, Tokyo, Seoul, Montreal, San Francisco, Beirut, Hong Kong, Shanghai, New Delhi, Rome, London, Kowloon, Munich, Beijing, and Sydney.
HOURS
Monday to Saturday 11am - 8pm Sunday 12pm - 6pm
PHONE : (786) 749 2600
ADDRESS : 103 NE 39th St. Miami, FL 33137
Driving Directions
YOU MAY ALSO LIKE
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miamiluxurydistrict · 5 years ago
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Miami Luxury District  |  TOM FORD
In April 2005, Tom Ford announced the creation of the TOM FORD brand. Ford was joined in this venture by former Gucci Group President and Chief Executive Officer Domenico De Sole, who serves as Chairman of the company. That same year. Ford announced his partnership with Marcolin Group to produce and distribute optical frames and sunglasses, as well as an alliance with Esteé Lauder to create the TOM FORD BEAUTY brand. In April 2007, his first directly owned flagship store opened in New York at 845 Madison Avenue to coincided with the debut of the TOM FORD Menswear and Accessory collection. In September 2010, Ford presented his much anticipated womenswear collection. Presently, there are 113 freestanding TOM FORD stores and shop-in-shops in locations such as New York, Toronto, Beverly Hills, Zurich, Milan, Puerto Banus, Moscow, Osaka, Atlanta, Las Vegas, Baku, Dubai, Tokyo, Seoul, Montreal, San Francisco, Beirut, Hong Kong, Shanghai, New Delhi, Rome, London, Kowloon, Munich, Beijing, and Sydney.
HOURS
Monday to Saturday 11am - 6pm Sunday Closed
PHONE : (786) 749 2600
WEBSITE : www.tomford.com
ADDRESS : 103 NE 39th St. Miami, FL 33137
Driving Directions
SHOPS IN THE DISTRICT
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aaronleong · 5 years ago
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The Hermes Magic
Friday, May 22, 2020. 
It’s only been five months into 2020 but the ongoing Covid-19 pandemic has devastated the global economy and just like hundreds of industries worldwide, luxury fashion has not been spared. 
While diverse in brands, the first quarter of this year proved to be equal across three major luxury corporations. Hermes, LVMH and Kering recorded high sales in January, thanks to the Chinese New Year holiday which saw increased spending in the Asian market. Kering even recorded a double digit growth, according to its 2020 Q1 Report. 
February started to see a slowdown in sales as stores worldwide began to gradually close, starting with the Asian region and in particular, China, where the epidemic originated. 
By March, the luxury fashion had came to a complete halt, with a huge majority of stores across the globe shuttering doors and European production facilities grinding to a halt, albeit for certain corporate factories which remained open for the production of face masks and hand sanitisers. 
“Obviously no one retailer is immune to the effects of a Black Swan event like this crisis, but there are some luxury goods retailers who are best in breed and better positioned for a recovery when that happens — and it will,” quoted Kristin Benz, retail analyst and president of KB Advisory Group.
In a time where luxury corporations are dropping in revenue, Hermes has done just that, keeping its losses to a minimum -6.5% in comparison to a severe -15% drop at LVMH and Kering. 
My research involved an examination and comparison of the 2020 Q1 Revenue Reports across Hermes, LVMH and Kering and I might have just found the 3 crucial factors which softened the blow at Hermes, contributing to its minimal losses. 
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Hermes Ginza. Photo: Stéphane BDC
A Dedicated Japan Market
Q1 of this year recorded a revenue of €213.6 million, an increase of 4.6% compared to Q1 of 2019. The remarkable performance in Japan is not only the sole revenue increase at Hermes but also when compared to LVMH and Kering. This record in an uncertain time is attributed to a loyal Japanese customer base, according to Hermes. The Japan market did not share the same sentiment with LVMH and Kering brands, however. Both conglomerates recorded a loss of -10% and -17% respectively. 
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Hermes Beauty lipsticks. Photo: Coveteur
The Hermes Beauty Launch
The brand’s Beauty line launched in March with its first Rouge line comprised of a collection of lipsticks and lip balms. Hermes described its foray into the beauty market as a “very successful launch” and while its Perfume line recorded a decrease of -3%, I believe that it was the Rouge collection that absorbed a potentially further loss. Despite new fragrance and skincare launches over at LVMH, the Perfume and Cosmetics branch at fared much worse as revenue went down by 18%. 
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The flagship Hermes boutique in Guangzhou. Photo: WWD
An Early Store Opening
Although footfall traffic was reduced due to border control restrictions, Hermes has gradually reopened stores across mainland China and Hong Kong since mid March. Among the competition, Kering was the only corporation who chose to keep 40% of its stores open worldwide. Nevertheless, it still indicated a heavy loss for Q1. Apart from the store openings which helped to recoup a fraction of the losses sustained in February, I have a belief that the price range of Hermes has also been an instrumental factor as its products are priced on a different premium level compared to LVMH and Kering brands such as Louis Vuitton or Gucci. 
How will Hermes or even its competitors fare during the second half of this year is truly uncertain. Any growth in revenue is highly unlikely, given how the Covd-19 situation is evolving on a daily basis throughout hundreds of countries. Even though stores may have resumed operations in China, Hong Kong and Korea as luxury brands make up for lost gains, they should not offer a false sense of illusion that the coast is clear. Luxury conglomerates would need to manage their resources strategically in order to prevent further losses throughout the remainder of 2020 and possibly beyond. 
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dailyexo · 6 years ago
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[SCHEDULE] EXO’s SCHEDULE for March (2019)
[BROADCAST] - pre-recorded and live television and online programme broadcasts, including weekly music shows and dramas, [REC] - programme recordings, [RADIO] - radio programme broadcasts, [SIGN] / [MEET] - fan-signing and fan-meeting events, [PERF] - performance events, including concerts and festivals, [RELEASE] - album and other releases, [BIRTHDAY] - members’ birthdays and related events, [OTHER] - various other scheduled activities.
This schedule will be kept updated.
EXO’s SCHEDULE (Last updated on 190325)
March 1
[OTHER] Samsung ‘Art of Love’ Exhibition (三星'爱的艺术'展览会) - 15:00 CST - (Lay)
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.30 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제30회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.7 (黄金瞳第七集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.8 (黄金瞳第八集) - 20:00 CST - (Lay)
March 2
[OTHER] Tommy Hilfiger X Zendaya ‘TommyNow’ S/S 2019 Fashion Show - 21:00 CET - (Chanyeol)
March 4
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.31 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제31회) - 18:00 KST
March 5
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.32 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제32회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.9 (黄金瞳第九集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.10 (黄金瞳第十集) - 20:00 CST - (Lay)
March 6
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.33 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제33회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.11 (黄金瞳第十一集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.12 (黄金瞳第十二集) - 20:00 CST - (Lay)
March 7
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.34 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제34회) - 18:00 KST
[BROADCAST] SM Super Idol League - 20:00 KST - (Baekhyun)
[BROADCAST] ‘Golden Eyes’ Ep.13 (黄金瞳第十三集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.14 (黄金瞳第十四集) - 20:00 CST - (Lay)
March 8
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.35 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제35회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.15 (黄金瞳第十五集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.16 (黄金瞳第十六集) - 20:00 CST - (Lay)
[BROADCAST] iQiyi Idol Producer Season 2 Ep.7 (爱奇艺青春有你第七集) - 20:00 CST - (Lay)
March 11
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.36 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제36회) - 18:00 KST
March 12
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.37 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제37회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.17 (黄金瞳第十七集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.18 (黄金瞳第十八集) - 20:00 CST - (Lay)
March 13
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.38 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제38회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.19 (黄金瞳第十九集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.20 (黄金瞳第二十集) - 20:00 CST - (Lay)
March 14
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.39 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제39회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.21 (黄金瞳第二十一集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.22 (黄金瞳第二十二集) - 20:00 CST - (Lay)
March 15
[RELEASE] Lay X Far East Movement 'Lovebird' - 12:00 CST - (Lay)
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.40 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제40회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.23 (黄金瞳第二十三集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.24 (黄金瞳第二十四集) - 20:00 CST - (Lay)
[BROADCAST] iQiyi Idol Producer Season 2 Ep.8 (爱奇艺青春有你第八集) - 20:00 CST - (Lay)
March 16
[PERF] Green Nature 2019 EXO Fan Festival (그린��이처 2019 엑소 팬 페스티벌)
March 18
[REC] iQiYi Idol Producer Season 2 recording (爱奇艺青春有你) - (Lay)
March 18
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.41 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제41회) - 18:00 KST
[OTHER] Valentino Vring Pop-Up Store Opening - (Lay)
March 19
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.42 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제42회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.25 (黄金瞳第二十五集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.26 (黄金瞳第二十六集) - 20:00 CST - (Lay)
[OTHER] Attending Helmut Newton Exhibition - (Suho)
March 20
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.43 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제43회) - 18:00 KST
[BROADCAST] SM Super Idol League - 20:00 KST - (Baekhyun)
[BROADCAST] ‘Golden Eyes’ Ep.27 (黄金瞳第二十七集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.28 (黄金瞳第二十八集) - 20:00 CST - (Lay)
[REC] iQiYi Idol Producer Season 2 (爱奇艺青春有你) - (Lay)
March 21
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.44 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제45회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.29 (黄金瞳第二十九集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.30 (黄金瞳第三十集) - 20:00 CST - (Lay)
[BROADCAST] SM Super Idol League - 20:00 KST - (Baekhyun)
[OTHER] Gucci Zumi Night - (Kai)
March 22
[OTHER] Freiknock X Adidas 2019 Peace Collection Fashion Show - (Suho)
[OTHER] M.A.C Liquid Lipstick Night - (Lay)
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.45 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제45회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.31 (黄金瞳第三十一集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.32 (黄金瞳第三十二集) - 20:00 CST - (Lay)
[BROADCAST] iQiyi Idol Producer Season 2 Ep.9 (爱奇艺青春有你第九集) - 20:00 CST - (Lay)
March 24
[OTHER] Charm's F/W 2019 Fashion Show - 17:30 KST - (Sehun)
March 25
[OTHER] Lotte Duty Free Grand Opening in Oceania - (Kai, Suho)
[OTHER] 2019 amfAR Gala in Hong Kong - (Lay)
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.46 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제46회) - 18:00 KST
[BROADCAST] Heart4U #Xiumin Ep.1 (심포유 #시우민 제1회) - 19:00 KST
March 26
[BIRTHDAY] Xiumin's Birthday
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.47 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제47회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.33 (黄金瞳第三十三集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.34 (黄金瞳第三十四集) - 20:00 CST - (Lay)
March 27
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.48 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제48회) - 18:00 KST
[BROADCAST] Heart4U #Xiumin Ep.2 (심포유 #시우민 제2회) - 19:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.35 (黄金瞳第三十五集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.36 (黄金瞳第三十六集) - 20:00 CST - (Lay)
March 28
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.49 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제49회) - 18:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.37 (黄金瞳第三十七集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.38 (黄金瞳第三十八集) - 20:00 CST - (Lay)
March 29
[BROADCAST] Oksusu ‘Travel The World On EXO’s Ladder’ Season 2 Ep.50 (옥수수 ‘엑소의 사다리 타고 세계여행’ 시즌2 제50회) - 18:00 KST
[BROADCAST] Heart4U #Xiumin Ep.3 (심포유 #시우민 제3회) - 19:00 KST
[BROADCAST] ‘Golden Eyes’ Ep.39 (黄金瞳第三十九集) - 20:00 CST - (Lay)
[BROADCAST] ‘Golden Eyes’ Ep.40 (黄金瞳第四十集) - 20:00 CST - (Lay)
[BROADCAST] iQiyi Idol Producer Season 2 Ep.10 (爱奇艺青春有你第十集) - 20:00 CST - (Lay)
[REC] tvN Amazing Saturday (tvN 놀라운 토요일) - (Chen)
March 30
[BROADCAST] 'Travel The World on EXO’s Ladder Season 2' press conference - (Kai, Suho)
March 31
[RELEASE] 'Beautiful Goodbye' Music Video - 24:00 KST - (Chen)
Credit: dailyexo.tumblr.com. Material not to be redistributed in part or whole without prior permission.
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rosemaryhelenxo · 6 months ago
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Discover Gucci Rouge à Lèvres Satin Lipstick: Vintage-inspired Elegance | Review
“Gucci Beauty has long been known for its luxurious and high-quality makeup products! “ Gucci has long been known for its luxurious designer goods, and their beauty collection is no exception. Their Rouge à Lèvres Satin lipsticks have taken the beauty world by storm, and for good reason! Creamy with its intense colour, Gucci’s Rouge à Lèvres Satin provides the perfect long-lasting satiny finish…
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hollybrookesbcu · 4 years ago
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bigyack-com · 5 years ago
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There’s a lesson for luxury in the coronavirus crisis - fashion and trends
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With the death toll from the coronavirus rising, the fate of high-end handbag sales still seems of minor consequence. But the $300 billion luxury industry’s over-dependence on Chinese spending was underlined again on Friday when British fashion house Burberry  Group Plc said it could no longer stand by its previous financial forecast because of the spread of the illness.Just two weeks ago, the company shrugged off disruption in Hong Kong to lift its outlook for sales growth excluding currency movements to a percentage in the low single digits, while anticipating that the operating margin would be broadly stable in the year to March 2020. Analysts at Morgan Stanley said Friday’s warning could imply a 5% cut to 2020 earnings.Burberry is particularly exposed to the epidemic. It generates about 40% of its sales from Chinese consumers at home and abroad. That’s above the 35% for the industry as a whole, according to Bain & Co. and Altagamma. So shutting some shops on the mainland and reducing hours at others has an out-sized effect.It’s too early to know what the end result will be for Burberry and the industry as a whole, but one key lesson is coming into sharp relief: While Chinese shoppers are a powerful force for the industry, no brand should neglect their customers closer to home, or stop trying to drum up demand in other corners of the world. When the Chinese market slumped in 2015 and 2016 because of a government crackdown on extravagance and gyrating stock markets, luxury houses all pivoted toward shoppers in Europe and the U.S. They have lost sight of the need to foster these markets since.For Burberry, it’s a particularly sensitive time to face such uncertainty in its biggest market. The group is in the midst of trying to revive its brand, best known for its black, white, tan and red check. While new iterations, such as the TB Monogram, are gaining traction, Burberry is having to prioritize. It’s now unclear whether a fashion show in Shanghai in April, will go ahead. The first Chinese showcase under new designer Riccardo Tisci will have specially created merchandise, clearly a way to build Burberry’s profile amid its rejuvenation efforts.Given these characteristics — high Chinese exposure plus a turnaround strategy — Prada SpA also looks to be at risk, and the Italian maker of the iconic nylon bag has already closed some stores in mainland China and Macau. The list of other luxury companies that are very dependent on China and Hong Kong is long. Swatch Group AG and Richemont are the most exposed, according to analysts at Bernstein. And Gucci, which accounts for 60% of French parent Kering SA’s sales and 80% of its operating profit, has been a hit with Chinese shoppers over the past three years. Anyone who has witnessed the proliferation of Gucci T-shirts, not all the real thing, in cities from Shanghai to Beijing would attest to its popularity.By contrast, Bernard Arnault’s LVMH looks to be better prepared to handle such a shock. With brands including Moet & Chandon champagne, pop star Rihanna’s beauty line and soon Tiffany & Co. jewelry, it has broad diversification by both geography and product range. Last year, for example, 24% of its sales from the U.S.But given the whole industry’s reliance on Chinese big spenders, no luxury or consumer brand with exposure to the them, wherever they shop, will be immune. Burberry said spending in Europe and other tourist destinations was less affected by the outbreak, but it expected conditions here to worsen too. This week, Coach owner Tapestry Inc., Michael Kors and Versace parent Capri Holdings Ltd. and Estee Lauder Cos. all lowered earnings guidance, citing the virus. Even luxury parka maker Canada Goose Holdings Inc., which has a strong following in the U.S. and Europe, has felt the impact of the outbreak. On Friday it lowered its full-year sales and profit guidance.Global luxury sales could expand by just 1% this year, according to analysts at Jefferies, after what they now expect to be a brutal 20% decline in Chinese demand in the first half. Before the outbreak, they were expecting the industry’s sales to grow by 5% in 2020.  While luxury shares have fallen over the past three weeks, valuations remain close to 10-year highs. As I have noted, the stocks have proved remarkably resilient in the face of everything from trade skirmishes to protests in Hong Kong.Burberry’s warning is a stark reminder that that could be about to change.(This story has been published from a wire agency feed without modifications to the text.)Follow more stories on Facebook and Twitter Read the full article
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simpstyle · 7 years ago
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WG News: What Did Working Girls Do This Week?
Zoe Kravitz is the ultimate working girl! She recently won six Emmys for her award winning show big little lies and is now being names the Global Makeup Ambassdor for Saint Laurent. This past week Saint Laurent dropped advertisements for there newest cllection and guess who was the star? Yup, Zoe was and she looked beautiful!
INTERNATIONAL DAY OF THE GIRL
Video Credit: Youtube
Happy International day of the Girl!  Let's just thank Queen B for this inspiring video that she released this week to honor all the amazing girls worldwide.  #Freedom
GUCCI FREE - NO FUR
Gucci has announced that they will be going FUR FREE!   In order to stand by there core values as a brand and raise awareness Gucci will officially be fur free in 2018! Hopefully, this will bring inspiration to the rest of the luxury fashion industry. According to CNN the remaining fur products will be auctioned at a charity event.
Valentino is debuting  a new logo and is opening pop-up shops in Milan, Tokyo, Hong Kong and New York. They will be selling exclusive athleisure pieces from there 2018 Resort collection. The new logo "VLTN" is inspired by there original 80's and 90's line.
COACH
Coach has decided it is time to rebrand and become more inclusive for all of its diverse brands including Kate Spade and Stuart Weitzman. Along with this rebranding they have decided to change the name from Coach to Tapestry. In my opinion this sounds more like a furniture store then a luxury fashion brand, what are your thoughts? Head over to Tapestry.com and let us know!
Halloween DIY
 The crisp fall air is actually here and Halloween is right around the corner!  This Sunday I suggest snuggling up in your bed with your favorite fall tea and watching one of these classic Halloween movies. Better yet,  you can multi-task and work on your Halloween outfit while watching one of these classics! I have some DIY inspiration below!
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velmaemyers88 · 6 years ago
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Bernard Arnault Net Worth: How His Fashion Empire Made Him the World’s Second Richest Person
Louis Vuitton (LVMH) boss Bernard Arnault, 70, overtook Bill Gates to become the second richest person in the world, the Bloomberg Billionaires Index announced Wednesday—and he did it in style.
The French businessman, who is the force behind many of the biggest names in luxury, pushed to the second spot after a stellar year for LVMH, which saw company shares rise 43%. His net worth is now estimated at $107.6 billion—an increase of $39.1 billion in a single year.
This remains way short of Amazon founder Jeff Bezos’ $124 billion fortune. Yet Europe’s richest person—whose fortune is estimated to be equivalent to 3% of France’s GDP—is one of only three members in the ultra-exclusive centibillionaire’s club.
But just who is Bernard Arnault? And how did he make his fortune? More importantly, how does he manage to spend all that cash?
A fateful taxi ride
After studying engineering at the prestigious Ecole Polytechnique in Paris and graduating in 1971, Arnault joined his family’s construction company, Ferret-Savinel, as an engineer. Yet it was a chance meeting in New York that proved to have a far more dramatic impact.
Sitting in a yellow cab, Arnault asked the driver what he knew of France. “He could not name the president but he knew Dior,” Arnault recently told the Financial Times.
Marisa Berenson, Natalie Portman, Bernard Arnault and his wife Helene Arnault in the front row of the Christian Dior Haute Couture Fall/Winter 2017-2018 show in Paris, France. Photo by Bertrand Rindoff Petroff—Getty Images
From there, Arnault’s course was set: within three years—and by the age of 30—he’d reinvented Ferret-Savinel as a real estate firm called Férinel, and replaced his father as company president. And in 1984, he embarked on an even more drastic venture. After lobbying the French government, he left Férinel and took up the reins of faltering textile company, Boussac—whose portfolio included the house of Dior—and systematically turned the company into the launchpad for his luxury empire. The purchase price? One Franc.
A luxury shopping spree
In 1987, Arnault was asked to mediatein the rancorous merger of Möet Hennessy and Louis Vuitton, largely because LV held the rights to Dior perfume and Henry Racamier, the 77-year-old chairman of LV, saw him as an ally, according to a report from the New York Times.
Arnault had other plans, however, and instead sided with Moet Hennessy boss, Alain Chevalier, and bought 27% of LVMH in combination with Guinness. This grew to 37% in 1988 and by 1989 Arnault was the biggest shareholder. A year later Racamier resigned from his own family firm and Arnault become both chairman and CEO of LVMH.
It was part of a rapid expansion that saw Arnault snap up luxury firms including Céline (1988), Berluti (1993), Guerlain (1994), Marc Jacobs (1997), Thomas Pink (1999), Fendi (2001), and DKNY (2001). 
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French actress Catherine Deneuve and Bernard Arnault attend a show for a ready-to-wear collection of designer Marc Jacobs for Louis Vuitton in March, 2003 in Paris, France. Credit— Getty Images
LVMH itself now comprises 75 ‘houses,’ including Dom Pérignon, Bulgari, Givenchy, and TAG Heuer. Alongside the 23-story LVMH Tower on New York’s 57th Street, the company owns the Cheval Blanc ski resort in Courchevel, the Hotel Cipriani in Venice (site of George Clooney’s 2016 wedding), the Orient Express, and luxury resorts in the Caribbean, Maldives, St. Tropez, and Paris.
In 1999, Arnault also invested in a small but enterprising DVD rental firm. It’s name? Netflix.
A bet pays off
Arnault was one of the first overseas businessmen to take the gamble of investing in China at the start of Deng Xiaoping’s market-economy reforms, opening a Louis Vuitton store in Beijing in 1992.
The risk has massively paid off over the years. In the first quarter of this year, for instance, LVMH reported a revenue increase of 16% to $14.10 billion, largely fueled by Chinese buyers, who account for over a third of the luxury sector’s sales.
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The exterior of a Louis Vuitton shop in Central, Hong Kong. South China Morning Post via Getty Images
“With the Chinese, the business is really moving from strength to strength,” Financial Director Jean-Jacques Guiony told reporters in April.
Going after Gucci
Like all business leaders, Arnault has suffered his fair share of failures along the way. Most notably, his 1999 attempt to takeover Gucci—described as “the bloodiest fight in fashion” by the New York Post—which resulted in litigation that Arnault ultimately lost. To his chagrin, the fashion house fell into the arms of arch-rival François Pinault for $2.92 billion.
In 2014, Arnault also admitted defeat in a four-year attempt to purchase luxury scarf-maker Hermès, after then-Hermès Chief Executive Patrick Thomas launched court proceedings to prevent LVMH from mounting a takeover. Arnault eventually agreed to relinquish his 23% stake in Hermès as a result.
Elsewhere, Arnault has unsuccessfully challenged the dominance of luxury auction houses Christie’s and Sotheby’s by buying British auctioneers Phillips in 1999 and got his fingers badly burnt with online retailer Boo.com, which went into liquidation in 2000.
Rising to second place
An April 10 release detailing first-quarter trading for LVMH, stated that, “All geographic regions are experiencing good growth.
“This includes a 20% increase in sales of fashion & leather goods, a 13 % rise in sales of wines & spirits and a 12 % increase in sales of perfumes & cosmetics. Overall, LMVH showed first-quarter growth of 16% and organic growth of 11% compared to 2018. Its overall revenue was around $14.3 billion.
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Bernard Arnault takes a photo on his iPhone during the Celine Menswear Spring Summer 2020 fashion show on June 23, 2019 in Paris, France. Credit Victor VIRGILE—Gamma-Rapho via Getty Images
These better-than-expected results have led to a 27% rise in LVMH shares since January 29, when the group announced record sales for 2018.
Arnault is not resting on his laurels, either. On April 17, LVMH announced the completion of its $3.2 billion deal for Belmond, making them part-owners or managers of 45 luxury hotel, restaurant, train, and river cruise properties.
Rihanna and Stella
On May 10, they followed this up with the creation of the new Fenty fashion line, centered around Barbadian pop star Rihanna.
“Designing a line like this with LVMH is an incredibly special moment for us,” Rihanna said in a release. “Mr. Arnault has given me a unique opportunity to develop a fashion house in the luxury sector, with no artistic limits. I couldn’t imagine a better partner both creatively and business-wise.”
Tumblr media
Rihanna poses during a promotional event for her brand, Fenty, in Paris on May 22, 2019. Credit MARTIN BUREAU—AFP/Getty Images)
More recently, LVMH announced a partnership with Stella McCartney’s name sake brand, which was publicly owned by rival company Kering until last year. The pair did not disclose the terms of the deal, but said it will allow McCartney to continue as creative director and majority owner of the brand.
“The chance to realize and accelerate the full potential of the brand alongside Mr. Arnault and as part of the LVMH family, while still holding the majority ownership in the business, was an opportunity that hugely excited me,” McCartney said in a release.
“It is the beginning of a beautiful story together, and we are convinced of the great long-term potential of her House,” said Arnault, before stressing that McCartney’s ethical principles were “a decisive factor”.
With the fashion world increasingly drawing criticism for its environmenal footprint, McCartney’s brand is clearly one that Arnault and LVMH can draw from.
“She was the first to put sustainability and ethical issues on the front stage, very early on, and built her House around these issues,” Arnault added about McCartney. “LVMH was the first large company in France to create a sustainability department, more than 25 years ago, and Stella will help us further increase awareness on these important topics.”
Credit: Source link
The post Bernard Arnault Net Worth: How His Fashion Empire Made Him the World’s Second Richest Person appeared first on WeeklyReviewer.
from WeeklyReviewer https://weeklyreviewer.com/bernard-arnault-net-worth-how-his-fashion-empire-made-him-the-worlds-second-richest-person/?utm_source=rss&utm_medium=rss&utm_campaign=bernard-arnault-net-worth-how-his-fashion-empire-made-him-the-worlds-second-richest-person from WeeklyReviewer https://weeklyreviewer.tumblr.com/post/186417988107
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reneeacaseyfl · 6 years ago
Text
Bernard Arnault Net Worth: How His Fashion Empire Made Him the World’s Second Richest Person
Louis Vuitton (LVMH) boss Bernard Arnault, 70, overtook Bill Gates to become the second richest person in the world, the Bloomberg Billionaires Index announced Wednesday—and he did it in style.
The French businessman, who is the force behind many of the biggest names in luxury, pushed to the second spot after a stellar year for LVMH, which saw company shares rise 43%. His net worth is now estimated at $107.6 billion—an increase of $39.1 billion in a single year.
This remains way short of Amazon founder Jeff Bezos’ $124 billion fortune. Yet Europe’s richest person—whose fortune is estimated to be equivalent to 3% of France’s GDP—is one of only three members in the ultra-exclusive centibillionaire’s club.
But just who is Bernard Arnault? And how did he make his fortune? More importantly, how does he manage to spend all that cash?
A fateful taxi ride
After studying engineering at the prestigious Ecole Polytechnique in Paris and graduating in 1971, Arnault joined his family’s construction company, Ferret-Savinel, as an engineer. Yet it was a chance meeting in New York that proved to have a far more dramatic impact.
Sitting in a yellow cab, Arnault asked the driver what he knew of France. “He could not name the president but he knew Dior,” Arnault recently told the Financial Times.
Marisa Berenson, Natalie Portman, Bernard Arnault and his wife Helene Arnault in the front row of the Christian Dior Haute Couture Fall/Winter 2017-2018 show in Paris, France. Photo by Bertrand Rindoff Petroff—Getty Images
From there, Arnault’s course was set: within three years—and by the age of 30—he’d reinvented Ferret-Savinel as a real estate firm called Férinel, and replaced his father as company president. And in 1984, he embarked on an even more drastic venture. After lobbying the French government, he left Férinel and took up the reins of faltering textile company, Boussac—whose portfolio included the house of Dior—and systematically turned the company into the launchpad for his luxury empire. The purchase price? One Franc.
A luxury shopping spree
In 1987, Arnault was asked to mediatein the rancorous merger of Möet Hennessy and Louis Vuitton, largely because LV held the rights to Dior perfume and Henry Racamier, the 77-year-old chairman of LV, saw him as an ally, according to a report from the New York Times.
Arnault had other plans, however, and instead sided with Moet Hennessy boss, Alain Chevalier, and bought 27% of LVMH in combination with Guinness. This grew to 37% in 1988 and by 1989 Arnault was the biggest shareholder. A year later Racamier resigned from his own family firm and Arnault become both chairman and CEO of LVMH.
It was part of a rapid expansion that saw Arnault snap up luxury firms including Céline (1988), Berluti (1993), Guerlain (1994), Marc Jacobs (1997), Thomas Pink (1999), Fendi (2001), and DKNY (2001). 
Tumblr media
French actress Catherine Deneuve and Bernard Arnault attend a show for a ready-to-wear collection of designer Marc Jacobs for Louis Vuitton in March, 2003 in Paris, France. Credit— Getty Images
LVMH itself now comprises 75 ‘houses,’ including Dom Pérignon, Bulgari, Givenchy, and TAG Heuer. Alongside the 23-story LVMH Tower on New York’s 57th Street, the company owns the Cheval Blanc ski resort in Courchevel, the Hotel Cipriani in Venice (site of George Clooney’s 2016 wedding), the Orient Express, and luxury resorts in the Caribbean, Maldives, St. Tropez, and Paris.
In 1999, Arnault also invested in a small but enterprising DVD rental firm. It’s name? Netflix.
A bet pays off
Arnault was one of the first overseas businessmen to take the gamble of investing in China at the start of Deng Xiaoping’s market-economy reforms, opening a Louis Vuitton store in Beijing in 1992.
The risk has massively paid off over the years. In the first quarter of this year, for instance, LVMH reported a revenue increase of 16% to $14.10 billion, largely fueled by Chinese buyers, who account for over a third of the luxury sector’s sales.
Tumblr media
The exterior of a Louis Vuitton shop in Central, Hong Kong. South China Morning Post via Getty Images
“With the Chinese, the business is really moving from strength to strength,” Financial Director Jean-Jacques Guiony told reporters in April.
Going after Gucci
Like all business leaders, Arnault has suffered his fair share of failures along the way. Most notably, his 1999 attempt to takeover Gucci—described as “the bloodiest fight in fashion” by the New York Post—which resulted in litigation that Arnault ultimately lost. To his chagrin, the fashion house fell into the arms of arch-rival François Pinault for $2.92 billion.
In 2014, Arnault also admitted defeat in a four-year attempt to purchase luxury scarf-maker Hermès, after then-Hermès Chief Executive Patrick Thomas launched court proceedings to prevent LVMH from mounting a takeover. Arnault eventually agreed to relinquish his 23% stake in Hermès as a result.
Elsewhere, Arnault has unsuccessfully challenged the dominance of luxury auction houses Christie’s and Sotheby’s by buying British auctioneers Phillips in 1999 and got his fingers badly burnt with online retailer Boo.com, which went into liquidation in 2000.
Rising to second place
An April 10 release detailing first-quarter trading for LVMH, stated that, “All geographic regions are experiencing good growth.
“This includes a 20% increase in sales of fashion & leather goods, a 13 % rise in sales of wines & spirits and a 12 % increase in sales of perfumes & cosmetics. Overall, LMVH showed first-quarter growth of 16% and organic growth of 11% compared to 2018. Its overall revenue was around $14.3 billion.
Tumblr media
Bernard Arnault takes a photo on his iPhone during the Celine Menswear Spring Summer 2020 fashion show on June 23, 2019 in Paris, France. Credit Victor VIRGILE—Gamma-Rapho via Getty Images
These better-than-expected results have led to a 27% rise in LVMH shares since January 29, when the group announced record sales for 2018.
Arnault is not resting on his laurels, either. On April 17, LVMH announced the completion of its $3.2 billion deal for Belmond, making them part-owners or managers of 45 luxury hotel, restaurant, train, and river cruise properties.
Rihanna and Stella
On May 10, they followed this up with the creation of the new Fenty fashion line, centered around Barbadian pop star Rihanna.
“Designing a line like this with LVMH is an incredibly special moment for us,” Rihanna said in a release. “Mr. Arnault has given me a unique opportunity to develop a fashion house in the luxury sector, with no artistic limits. I couldn’t imagine a better partner both creatively and business-wise.”
Tumblr media
Rihanna poses during a promotional event for her brand, Fenty, in Paris on May 22, 2019. Credit MARTIN BUREAU—AFP/Getty Images)
More recently, LVMH announced a partnership with Stella McCartney’s name sake brand, which was publicly owned by rival company Kering until last year. The pair did not disclose the terms of the deal, but said it will allow McCartney to continue as creative director and majority owner of the brand.
“The chance to realize and accelerate the full potential of the brand alongside Mr. Arnault and as part of the LVMH family, while still holding the majority ownership in the business, was an opportunity that hugely excited me,” McCartney said in a release.
“It is the beginning of a beautiful story together, and we are convinced of the great long-term potential of her House,” said Arnault, before stressing that McCartney’s ethical principles were “a decisive factor”.
With the fashion world increasingly drawing criticism for its environmenal footprint, McCartney’s brand is clearly one that Arnault and LVMH can draw from.
“She was the first to put sustainability and ethical issues on the front stage, very early on, and built her House around these issues,” Arnault added about McCartney. “LVMH was the first large company in France to create a sustainability department, more than 25 years ago, and Stella will help us further increase awareness on these important topics.”
Credit: Source link
The post Bernard Arnault Net Worth: How His Fashion Empire Made Him the World’s Second Richest Person appeared first on WeeklyReviewer.
from WeeklyReviewer https://weeklyreviewer.com/bernard-arnault-net-worth-how-his-fashion-empire-made-him-the-worlds-second-richest-person/?utm_source=rss&utm_medium=rss&utm_campaign=bernard-arnault-net-worth-how-his-fashion-empire-made-him-the-worlds-second-richest-person from WeeklyReviewer https://weeklyreviewer.tumblr.com/post/186417988107
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weeklyreviewer · 6 years ago
Text
Bernard Arnault Net Worth: How His Fashion Empire Made Him the World’s Second Richest Person
Louis Vuitton (LVMH) boss Bernard Arnault, 70, overtook Bill Gates to become the second richest person in the world, the Bloomberg Billionaires Index announced Wednesday—and he did it in style.
The French businessman, who is the force behind many of the biggest names in luxury, pushed to the second spot after a stellar year for LVMH, which saw company shares rise 43%. His net worth is now estimated at $107.6 billion—an increase of $39.1 billion in a single year.
This remains way short of Amazon founder Jeff Bezos’ $124 billion fortune. Yet Europe’s richest person—whose fortune is estimated to be equivalent to 3% of France’s GDP—is one of only three members in the ultra-exclusive centibillionaire’s club.
But just who is Bernard Arnault? And how did he make his fortune? More importantly, how does he manage to spend all that cash?
A fateful taxi ride
After studying engineering at the prestigious Ecole Polytechnique in Paris and graduating in 1971, Arnault joined his family’s construction company, Ferret-Savinel, as an engineer. Yet it was a chance meeting in New York that proved to have a far more dramatic impact.
Sitting in a yellow cab, Arnault asked the driver what he knew of France. “He could not name the president but he knew Dior,” Arnault recently told the Financial Times.
Marisa Berenson, Natalie Portman, Bernard Arnault and his wife Helene Arnault in the front row of the Christian Dior Haute Couture Fall/Winter 2017-2018 show in Paris, France. Photo by Bertrand Rindoff Petroff—Getty Images
From there, Arnault’s course was set: within three years—and by the age of 30—he’d reinvented Ferret-Savinel as a real estate firm called Férinel, and replaced his father as company president. And in 1984, he embarked on an even more drastic venture. After lobbying the French government, he left Férinel and took up the reins of faltering textile company, Boussac—whose portfolio included the house of Dior—and systematically turned the company into the launchpad for his luxury empire. The purchase price? One Franc.
A luxury shopping spree
In 1987, Arnault was asked to mediate in the rancorous merger of Möet Hennessy and Louis Vuitton, largely because LV held the rights to Dior perfume and Henry Racamier, the 77-year-old chairman of LV, saw him as an ally, according to a report from the New York Times.
Arnault had other plans, however, and instead sided with Moet Hennessy boss, Alain Chevalier, and bought 27% of LVMH in combination with Guinness. This grew to 37% in 1988 and by 1989 Arnault was the biggest shareholder. A year later Racamier resigned from his own family firm and Arnault become both chairman and CEO of LVMH.
It was part of a rapid expansion that saw Arnault snap up luxury firms including Céline (1988), Berluti (1993), Guerlain (1994), Marc Jacobs (1997), Thomas Pink (1999), Fendi (2001), and DKNY (2001). 
Tumblr media
French actress Catherine Deneuve and Bernard Arnault attend a show for a ready-to-wear collection of designer Marc Jacobs for Louis Vuitton in March, 2003 in Paris, France. Credit— Getty Images
LVMH itself now comprises 75 ‘houses,’ including Dom Pérignon, Bulgari, Givenchy, and TAG Heuer. Alongside the 23-story LVMH Tower on New York’s 57th Street, the company owns the Cheval Blanc ski resort in Courchevel, the Hotel Cipriani in Venice (site of George Clooney’s 2016 wedding), the Orient Express, and luxury resorts in the Caribbean, Maldives, St. Tropez, and Paris.
In 1999, Arnault also invested in a small but enterprising DVD rental firm. It’s name? Netflix.
A bet pays off
Arnault was one of the first overseas businessmen to take the gamble of investing in China at the start of Deng Xiaoping’s market-economy reforms, opening a Louis Vuitton store in Beijing in 1992.
The risk has massively paid off over the years. In the first quarter of this year, for instance, LVMH reported a revenue increase of 16% to $14.10 billion, largely fueled by Chinese buyers, who account for over a third of the luxury sector’s sales.
Tumblr media
The exterior of a Louis Vuitton shop in Central, Hong Kong. South China Morning Post via Getty Images
“With the Chinese, the business is really moving from strength to strength,” Financial Director Jean-Jacques Guiony told reporters in April.
Going after Gucci
Like all business leaders, Arnault has suffered his fair share of failures along the way. Most notably, his 1999 attempt to takeover Gucci—described as “the bloodiest fight in fashion” by the New York Post—which resulted in litigation that Arnault ultimately lost. To his chagrin, the fashion house fell into the arms of arch-rival François Pinault for $2.92 billion.
In 2014, Arnault also admitted defeat in a four-year attempt to purchase luxury scarf-maker Hermès, after then-Hermès Chief Executive Patrick Thomas launched court proceedings to prevent LVMH from mounting a takeover. Arnault eventually agreed to relinquish his 23% stake in Hermès as a result.
Elsewhere, Arnault has unsuccessfully challenged the dominance of luxury auction houses Christie’s and Sotheby’s by buying British auctioneers Phillips in 1999 and got his fingers badly burnt with online retailer Boo.com, which went into liquidation in 2000.
Rising to second place
An April 10 release detailing first-quarter trading for LVMH, stated that, “All geographic regions are experiencing good growth.
“This includes a 20% increase in sales of fashion & leather goods, a 13 % rise in sales of wines & spirits and a 12 % increase in sales of perfumes & cosmetics. Overall, LMVH showed first-quarter growth of 16% and organic growth of 11% compared to 2018. Its overall revenue was around $14.3 billion.
Tumblr media
Bernard Arnault takes a photo on his iPhone during the Celine Menswear Spring Summer 2020 fashion show on June 23, 2019 in Paris, France. Credit Victor VIRGILE—Gamma-Rapho via Getty Images
These better-than-expected results have led to a 27% rise in LVMH shares since January 29, when the group announced record sales for 2018.
Arnault is not resting on his laurels, either. On April 17, LVMH announced the completion of its $3.2 billion deal for Belmond, making them part-owners or managers of 45 luxury hotel, restaurant, train, and river cruise properties.
Rihanna and Stella
On May 10, they followed this up with the creation of the new Fenty fashion line, centered around Barbadian pop star Rihanna.
“Designing a line like this with LVMH is an incredibly special moment for us,” Rihanna said in a release. “Mr. Arnault has given me a unique opportunity to develop a fashion house in the luxury sector, with no artistic limits. I couldn’t imagine a better partner both creatively and business-wise.”
Tumblr media
Rihanna poses during a promotional event for her brand, Fenty, in Paris on May 22, 2019. Credit MARTIN BUREAU—AFP/Getty Images)
More recently, LVMH announced a partnership with Stella McCartney’s name sake brand, which was publicly owned by rival company Kering until last year. The pair did not disclose the terms of the deal, but said it will allow McCartney to continue as creative director and majority owner of the brand.
“The chance to realize and accelerate the full potential of the brand alongside Mr. Arnault and as part of the LVMH family, while still holding the majority ownership in the business, was an opportunity that hugely excited me,” McCartney said in a release.
“It is the beginning of a beautiful story together, and we are convinced of the great long-term potential of her House,” said Arnault, before stressing that McCartney’s ethical principles were “a decisive factor”.
With the fashion world increasingly drawing criticism for its environmenal footprint, McCartney’s brand is clearly one that Arnault and LVMH can draw from.
“She was the first to put sustainability and ethical issues on the front stage, very early on, and built her House around these issues,” Arnault added about McCartney. “LVMH was the first large company in France to create a sustainability department, more than 25 years ago, and Stella will help us further increase awareness on these important topics.”
Credit: Source link
The post Bernard Arnault Net Worth: How His Fashion Empire Made Him the World’s Second Richest Person appeared first on WeeklyReviewer.
from WeeklyReviewer https://weeklyreviewer.com/bernard-arnault-net-worth-how-his-fashion-empire-made-him-the-worlds-second-richest-person/?utm_source=rss&utm_medium=rss&utm_campaign=bernard-arnault-net-worth-how-his-fashion-empire-made-him-the-worlds-second-richest-person
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daziran1 · 5 years ago
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clusterassets · 7 years ago
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New world news from Time: Why Chinese Tourists Absolutely Love This Luxury Outlet 46 Minutes Outside London
It’s a bright but perilously cold February day in England and I’m shivering at the back of an orderly queue made up predominately of Chinese tourists. A security guard is keeping an eye on the crowd to ensure the peace is kept, and those standing in line talk in excited whispers, arms bearing oversized shopping bags, fold-up maps and the hands of snotty, bored-looking toddlers.
But I’m not attempting to catch a glimpse of Harry and Meghan on a royal visit, admiring the neo-gothic architecture of Big Ben and the Houses of Parliament, or waiting for a table for afternoon tea at the elegant Claridge’s Hotel in Mayfair. In fact, I’m standing in line to enter an enormous branch of the designer store Prada located in Bicester Village — a luxury goods and clothing outlet in Oxfordshire, a county in central southern England that’s precisely 46 minutes by train from London’s Marylebone station. The Village, which boasts more than 160 stores, known there as “boutiques,” is the second most-visited destination in England by Chinese tourists, second only to Buckingham Palace.
Queues outside the Prada store in Bicester Village, Feb. 16 2018.
When the Bicester Village outlet opened in 1995, a sprawling outdoor mall was a sight far more more commonly seen in America than in Britain. But during the 22 years it has been open, the kilometer-long Village has become the ultimate destination for shoppers both from and visiting the U.K. Bicester now attracts more than 6.3 million customers a year, who spend four hours on average pursuing the mainly designer stores (think Gucci, Mulberry, Kate Spade and so on), each offering discounts of up to 60% off typical prices.
It’s those low prices, as well as the Village’s proximity to both London and Oxford (a popular tourist destination due in part to the prestigious university located there), which attracts Chinese tourists in great numbers to the Disneyland-esque site each year. Bicester’s popularity with Chinese visitors has even led its parent company to open two similar discount shopping outlets in eastern China.
“Chinese people read about Bicester Village online and decide they want to come here to shop,” said Caroline, a 30-year-old student from Beijing, when asked about the shopping outlet’s appeal. “They think the goods are better quality and cheaper than in other places, even though they don’t really know that for sure.”
Bicester Village was one of the many places in the U.K. to pull out the stops on Feb. 16, the start of the Chinese New Year. A crowd of more than 100 people gathered in the outlet’s center to observe a traditional Chinese lion dance performance and eye-dotting ceremony. Guests of honor included Bicester’s Town Mayor, the High Sheriff of Oxfordshire and Minister Xu Jin, from the Embassy of the People’s Republic of China.
The eye dotting ceremony celebrating Chinese New Year in Bicester Village, Feb. 16 2018.
“One million tourists come to the U.K. from China and spend lots of money here, and 100% of Chinese travelers come to Bicester Village,” Xu Jin told the crowd in a speech with what was likely a touch of hyperbole. He joked that Chinese tourists are treated better in Bicester than at Heathrow Airport’s Duty Free shop, a comment which received a roaring laugh upon its translation into Mandarin.
According to figures from the British tourist board, Chinese tourists are some of the U.K.’s highest spenders, spending on average three times more than the standard visitor. Chinese spending in the U.K. reached $127 million between January to March 2017, up from $100 million year-over-year. That spending has risen concurrently with the British pound’s falloff following the summer 2016 vote for “Brexit,” Britain’s departure from the European Union.
And certainly all the Chinese tourists I spoke with headed to Bicester Village had one thing on their mind: Some serious shopping. Guangzhou-based Elaine, 44, and her friend Joyce, also 44, told me they were spending their entire Spring Festival (the week-long holiday period that surrounds Chinese New Year) in the U.K., checking out stores in London, Oxford and, of course, Bicester.
“I have been to the U.K. three or four times and I think it is very beautiful — the air is fresher and I like the shopping,” said Elaine, who sat down with me in a Bicester cafe while she took a break from browsing. “Food and transport is more expensive in England [than in Guangzhou], but shopping is cheaper — maybe around 40% cheaper.”
Fellow shopper Joe, from Shenyang, a city in northeastern China, agreed with Elaine. “You can get designer clothes for about 20% cheaper and high street clothes for 40% cheaper here than in China,” said the 34-year-old, who runs a small electronics company. “Today I have bought clothes and bags from Balenciaga. I didn’t bring a list with me, I just bought stuff I need.”
Hong Kong-based friends Agnes and Candy, both in their 50s, had more direction than Joe when I spoke to them as they waited in Marylebone Station for their train to Bicester. “I want to buy a trench coat from Burberry, as well as a scarf,” said Candy. “I also want to visit Jo Malone.”
Even without its elaborate Chinese New Year presentation, it’s clear that Bicester Village makes an effort to cater to its Chinese big spenders. Signs in Mandarin can be found everywhere from the nearby Marylebone train station to the Bicester branch of popular sandwich chain Pret a Manger. The Bicester website is available in Chinese, with special discounts available for the Chinese New Year period, and a Chinese-style noodle stand sits right at the Village center, the menu available in both Mandarin and English.
It’s not difficult to understand why. “Chinese people, Chinese tourists spend the most money in this Village and the shopping areas,” said Xu Jin in his New Year speech. “I hope everybody today you spend your money and choose things you like,” he added. “And we hope that Bicester Village in the future can get much more popular and also I hope Chinese people enjoy their shopping today.” It certainly sounds like they will.
February 16, 2018 at 10:29PM ClusterAssets Inc., https://ClusterAssets.wordpress.com
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