Pins matching tag:LVMH

Zenith announced the El Primero on 10 January 1969, a high-frequency 36,000 vph automatic chronograph movement that beat the Chrono-matic group by almost two months and later powered the Rolex Daytona.

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.

Tiffany & Co. celebrated the reopening of its fully renovated 1940 flagship at 57th Street and Fifth Avenue, renamed "The Landmark", with a party headlined by Katy Perry and the Radio City Rockettes.

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.

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 Cheval Blanc opened its sixth hotel, a 52-villa resort curled around Anse Intendance beach on Mahé island, designed by architect Jean-Michel Gathy with a spa created with Guerlain.

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.

LVMH shareholders approved raising the company's chairman-and-CEO age limit from 80 to 85 with 99.18% of the vote, clearing Bernard Arnault, then 76, to keep running the group without having named a successor.

LVMH's wine and spirits arm Moët Hennessy plans to cut about 1,200 of its roughly 9,400 jobs, back to 2019 staffing, through departures that will not be replaced rather than layoffs, as cognac and champagne sales slide.

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.

Frédéric Arnault, Bernard Arnault's youngest son and the former CEO of LVMH Watches, became CEO of Loro Piana, his first role in the group's fashion and leather goods division, succeeding Damien Bertrand.

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.

Bulgari presented Eclettica, a 160-piece high-jewelry, watch, bag and fragrance collection built around nine Capolavori masterpieces, at a gala inside Milan's 17th-century Villa Arconati attended by Anne Hathaway, Dua Lipa and Jake Gyllenhaal.

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.

Nike expanded its board to 12 and appointed Alexandre Arnault, 34, deputy chief executive of LVMH's Moët Hennessy and a former Tiffany and RIMOWA executive, as a director effective immediately.

LVMH reported third-quarter 2026 revenue on October 12: EUR18.504 billion, with organic growth of 1%. Fashion and leather goods revenue fell 5% on an organic basis.

Bulgari Hotels & Resorts confirmed its planned Miami Beach property, a redevelopment of the 1950s Sea Gull Hotel site and the brand's first in the United States, will not open until 2029, years after its original announcement.