Pins matching place:"Quartier des Champs-Élysées"

LVMH finalized its purchase of Tiffany & Co. at $131.50 a share in cash, a total of $15.8 billion, and immediately named Anthony Ledru as Tiffany's CEO and Alexandre Arnault as its product and communications chief.

LVMH announced a Premium Partnership with the Paris 2024 Olympic and Paralympic Games, with Chaumet designing the medals and Louis Vuitton, Dior, Moët Hennessy and other Maisons taking roles across the Games, reportedly worth around €150 million.

Givenchy named Sarah Burton, who spent two decades as Alexander McQueen's creative director before stepping down in 2023, as its new creative director, effective immediately, to oversee both the women's and men's lines.

LVMH and Formula 1 announced a 10-year global partnership starting in 2025, bringing Louis Vuitton, Moët Hennessy and TAG Heuer into the sport as LVMH became a Global Partner of F1 for the first time.

LVMH's former chief financial officer Jean-Jacques Guiony became President and CEO of Moët Hennessy, the group's wines-and-spirits division, succeeding Philippe Schaus after 21 years with the group.

Sarah Burton presented her debut Givenchy collection at the house's historic Avenue George V salon in Paris, a Fall/Winter 2025 womenswear show built around rediscovered pattern pieces from founder Hubert de Givenchy's own archive.

Dior announced Jonathan Anderson as creative director of its women's, men's and haute couture collections, the first time one designer has held all three since Christian Dior himself; he succeeds Maria Grazia Chiuri on womenswear.

Pierpaolo Piccioli, Valentino's creative director for a quarter-century, becomes Balenciaga's creative director on 10 July 2025, succeeding Demna, who moves to Gucci; Kering announced the move on 19 May.

Matthieu Blazy presented his first collection for Chanel under the Grand Palais' restored glass dome in Paris, a 77-look Spring/Summer 2026 womenswear show staged as a galaxy of light above a mirrored runway.

LVMH's full-year 2025 revenue fell 5% on a reported basis to €80.8 billion, with organic revenue down 1%, as profit from recurring operations came to €17.8 billion and net profit held at €10.9 billion.

LVMH's first-quarter 2026 revenue fell 6% on a reported basis to €19.1 billion, though organic revenue still grew 1%, as the group said the conflict in the Middle East cut about a point off underlying growth.

LVMH's first-half 2026 revenue was €38.6 billion, down 3% on a reported basis, as organic revenue rose 2% and growth accelerated to 3% organically in the second quarter, with net profit steady at €5.7 billion.

LVMH is next expected to report third-quarter 2026 revenue in mid-to-late October, the release that will show whether the organic growth seen in the first half continued into the autumn.

Art Basel's fifth Paris edition, the first under new director Karim Crippa, brings 211 exhibitors from 41 countries to the Grand Palais from 23 to 25 October, after preview days on 21 and 22 October.