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LVMH, Kering, Richemont and Hermès, revenue breakdown from Asia Pacific and #Japan have mostly held steady from the previous year, as seen in the graphs below. LVMH and Kering saw growth in its #APAC revenues in its full-year 2023 report while Richemont and Hermès saw a slight dip in sales. In Japan, #LVMH has maintained revenue from 2020, while Hermès maintained sales at 10 percent. Kering and #Richemont sales rose 1 percent and 2 percent, respectively. [NOTE: Richemont’s FY2023 annual report covers the year ended 31 March, 2023; annual reports from LVMH, #Kering and #Hermès cover the year ended 31 December, 2023.] Source: Retail in Asia Read the full article: https://lnkd.in/d9SUJP_3

LVMH's Watches division is gearing up for a major shakeup with new CEOs at both Hublot and TAG Heuer. Julien Tornare, known for his successful tenure at TAG Heuer, will now lead Hublot, aiming to replicate his strategy of innovation and revitalization. Meanwhile, Antoine Pin, with a rich background including Bulgari, Zenith, and Berluti, steps into Tornare's shoes at TAG Heuer. These moves orchestrated by Frédéric Arnault, CEO of LVMH Watches division are a part of “an elevating and upgrading strategy” that is designed to spur growth across the board. What impact do you think these leadership changes will have on the future of these watch brands? #robbreport #luxury #watches #business #lvmh #ceo

Hala LVMH, In the world of luxury, it's all about image control and storytelling: whether in fashion, art or sport, LVMH excels at transforming its investments into platforms of global influence. By acquiring a majority stake in Paris FC , Bernard Arnault is making a move similar to that of François Pinault with Stade Rennais F.C., but with an even more ambitious scope. Pinault has consolidated his hold on Rennes by betting on a regional club, while Arnault has put down roots in the capital by teaming up with Red Bull, a symbol of performance and daring. The presence of Red Bull alongside LVMH is no coincidence: it is an alliance of luxury and innovation, a blend of tradition and modernity that has embodied the avant-garde vision of the Arnault family for 40 years. For LVMH, sport is the equivalent of a fashion show at Fashion Week: a showcase to attract attention, captivate the public and highlight its brands. Whether it's Louis Vuitton with the America's Cup, TAG Heuer with Formula 1 or the entire group at the Paris 2024 Olympics, each initiative aims to maximise visibility and reinforce the image of a group that has perfectly mastered the art of storytelling on a global scale. Paris FC has everything it takes to rise quickly to the top of Ligue 1, driven by this ambitious vision. It's a lesson in intelligent diversification, and above all a reminder that by mastering the most prestigious channels - from fashion to sport - you ensure yourself a central place in global culture. Keep doing, keep tracking, and be part of the 1%. The Sniper 🫡 #retail #1percent

French luxury conglomerate Kering is issuing another warning amid a challenging luxury sales landscape. The corporation recorded a 15 percent year-over-year revenue decline on a reported basis for the third quarter of 2024, reaching 3.786 billion euros, or $4.894 billion at current exchange. Macroeconomic factors and sluggish demand in key markets, including Asia-Pacific and Japan, weighed on Kering’s bottom line. Read the full article: https://bit.ly/3BSvSSK #LuxuryDaily #LuxuryNews #Kering #LuxurySales

Did you know that LVMH is a Premium Partner of the Paris 2024 Olympics? 🏆 This surprising collaboration is just one of the latest in iconic partnerships between luxury brands and sports — but could it mark a big change for luxury brands and luxury marketing? In the last year alone, we’ve seen: 🏎️ CHANEL launch its iconic Formula 1 t-shirts ⚽ Giorgio Armani dress the Italian men’s national soccer team 🎾 Ralph Lauren release their Wimbledon Collection 2024 🏀 SKIMS launch their menswear with top basketballers like Shai Gilgeous-Alexander And more. While the overlapping of the sporting and fashion world is hardly a new phenomenon, the collaboration between sports brands and high-end fashion is a relatively new trend. In our latest blog, we explore the rise of luxury fashion in sports to see how this trend is developing and what it might mean for the future of luxury marketing. Read it here 👉 https://lnkd.in/e__4Bn-t #paris2024 #luxurysports #sportfashion #luxuryfashioninsport

KERING FACES CHALLENGES AMID LUXURY SLOWDOWN Kering's latest earnings reveal both challenges and resilience in the luxury sector: 🔹 𝗙𝘂𝗹𝗹-𝗬𝗲𝗮𝗿 𝗚𝘂𝗶𝗱𝗮𝗻𝗰𝗲: Recurring operating income expected at €2.5B, below estimates of €2.82B, reflecting tougher market conditions. 🔹 𝗤𝟯 𝗣𝗲𝗿𝗳𝗼𝗿𝗺𝗮𝗻𝗰𝗲:    - 𝗥𝗲𝘃𝗲𝗻𝘂𝗲: €3.79B, down 15% YoY, missing estimates (€3.96B).    - 𝗚𝘂𝗰𝗰𝗶: -26% YoY, with €1.64B in revenue, undershooting expectations.    - 𝗬𝗦𝗟: -13% YoY, slightly below estimates.    - 𝗕𝗼𝘁𝘁𝗲𝗴𝗮 𝗩𝗲𝗻𝗲𝘁𝗮: +4.2% YoY, outperforming slightly. 🔹 𝗢𝘂𝘁𝗹𝗼𝗼𝗸: The company acknowledges uncertainties ahead, with the CEO emphasizing long-term growth strategies and cost efficiency measures. Capital Management France (CMF) #Kering #LuxuryMarket #Gucci #YSL #BottegaVeneta #Earnings #AssetManagement

LVMH Shakes Up Watch Division with New CEO Appointments #LuxuryWatches #LVMH Big news for watch lovers! LVMH just announced a leadership refresh for their watch division with new CEOs for Hublot and TAG Heuer! Julien Tornare, currently leading TAG Heuer, will take the reins at Hublot. Ricardo Guadalupe, the outgoing Hublot CEO, will transition to Honorary President. Meanwhile, Antoine Pin, a Bulgari watchmaking veteran, will step into the TAG Heuer CEO role. These moves signal a strategic shift for LVMH's watch business, a key player in the luxury market. Both Tornare and Pin boast impressive watchmaking resumes, with experience across renowned brands. The official switch happens September 1st, 2024, aligning with LVMH's growth plan for their watch sector. Innovation, digital savvy, and sustainability are at the forefront, and these new leaders are expected to bring fresh ideas to further solidify LVMH's position in the luxury watch game. Get ready for exciting new chapters for Hublot and TAG Heuer! Tornare's industry expertise and TAG knowledge will be a major asset for Hublot, while Pin returns to TAG after a previous stint, bringing valuable experience. The future looks bright for these iconic watch brands under this dynamic leadership! Stay tuned for what's next! #Hublot #TAGHeuer #WatchIndustry https://lnkd.in/dHAHAnTS

LVMH’s Olympic partnership fueled an impressive 5.8-point Reputation surge ✨ Reaching their highest Reputation Score of the year, this increase highlights the immense power of purpose-driven partnerships in shaping corporate reputation. LVMH leveraged the global stage at the 2024 Olympics to showcase their craftsmanship, innovation, and environmental responsibility through its iconic brands: 🔹 Louis Vuitton crafted bespoke trunks to house the Olympic and Paralympic medals and torch, combining elegance with purpose. 🔹 Christian Dior Couture led with sustainability, designing eco-conscious ceremonial outfits for performers under the creative vision of Maria Grazia Chiuri. 🔹 CHAUMET showcased its heritage by designing the Olympic medals with unparalleled precision and artistry. 🔹 Moët Hennessy enriched the VIP lounges with luxury wines and spirits, elevating the guest experience to one of prestige. 🔹 SEPHORA played a key role in connecting the beauty world to the Games, supporting the torch relay. Beyond luxury, LVMH’s commitment to the core values of the Games — inclusivity and sustainability — was clear. From sustainable materials in Dior's creations to empowering diverse athletes in its campaigns, LVMH demonstrated that luxury can drive meaningful change. The payoff? A strengthened reputation, heightened brand visibility, and deepened stakeholder trust. The partnership with the Paris 2024 Olympics proves that when companies seamlessly integrate purpose into global events, reputational impact follows. LVMH’s success sends a clear message: sustainability and luxury can not only co-exist but thrive together. 🌟

For Moncler, acquiring Burberry during this downturn could mean buying valuable assets at a discount, if the deal goes through. This is a classic case where adversity can create openings for growth and transformation. Successful deals often capitalize on these moments, turning a struggling brand’s crisis into a chance for reinvention and strategic expansion.

Italian luxury brand Prada Group outperformed in the first half of 2024 with 18% sales growth followed by Hermès (15%) and Brunello Cucinelli (14.7%). While conglomerates LVMH (2%), Richemont (1%) and Kering (-11%) underperformed.   💡 What are these independent luxury brands doing right?   📌  Having clear vision 📌 Keeping tight control over quality   📌 Creating desirability factor 📌 Focusing on right target audience 📌 Sticking to their brand DNA and core values 📌 Maintaining creativity and innovation 📌 Limiting distribution   🤔 Going forward, is it a risky lane for luxury conglomerates?   Your thoughts ❓ #luxury #brands #success #factors #luxeanalytics