Luxury Goods Giant LVMH Cancels $14.5B Deal For Tiffany

Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. Tariffs. Wednesday’s announcement came after the deal’s value had been eroded by wider industry troubles caused by the coronavirus pandemic. The Paris-based conglomerate said that … More Luxury Goods Giant LVMH Cancels $14.5B Deal For Tiffany

FASHION | Diane Von Furstenberg To Pay Laid Off Employees ‘In Full’

Iconic fashion designer Diane von Furstenberg wrote on Instagram that laid-off employees of her struggling company will be paid in full including severances. The statement was in response to a New York Times article that was written about the closing of her company’s clothing stores which laid off 60 percent of the retail staff in … More FASHION | Diane Von Furstenberg To Pay Laid Off Employees ‘In Full’

BUSINESS | Chanel Warns Virus Impact Will Linger On Luxury Sector

The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel’s chief financial officer said on Thursday, warning the French fashion label’s 2020 revenues and profit would be significantly hit. Privately-owned Chanel – known for its tweet suits, quailed handbags and No.5 perfume is one of … More BUSINESS | Chanel Warns Virus Impact Will Linger On Luxury Sector

FASHION AVENUE | Louis Vuitton Launches First Online Store In United Arab Emirates

French luxury brand Louis Vuitton has launched its first-ever online store in the United Arab Emirates. The e-commerce platform, accessible on louisvuitton.ae has launched with a range of ready-to-wear for both men and women, leather goods, footwear, accessories, watches, jewelry, luggage and fragrances available to shop in both Arabic and English. The storied Parisian maison … More FASHION AVENUE | Louis Vuitton Launches First Online Store In United Arab Emirates

BUSINESS | Hermes Launches Concierge Service In Dubai Amid Lockdown

Shortly after the UAE announced a week-long extension of its country-wide lockdown, Parisian luxury label Hermes has decided to launch a concierge service for its customers in the Emirates. As of April 19, the French maison will be delivering its ubiquitous orange boxes straight to the doorsteps of customers in Dubai with no minimum spend … More BUSINESS | Hermes Launches Concierge Service In Dubai Amid Lockdown

LIFE | Louis Vuitton Launches A Candle To Support (RED)

There is nothing like coming home and lighting a beautiful candle. Especially, when the candle supports a worthy cause. Louis Vuitton has just announced its collaboration with the non-profit organization (RED). Created in 2006 by legendary singer-songwriter and philanthropist Bono and activist Bobby Shriver, it supports the fight against AIDS. The Louis Vuitton (RED) candle … More LIFE | Louis Vuitton Launches A Candle To Support (RED)

FASHION AVENUE| Louis Vuitton Faces Boycott Threat After Trump Visits Factory

MILAN/ITALY – Grab Your Wallet, a group that asks shoppers to boycott business with ties to Donald Trump’s family and administration, is adding Louis Vuitton and other LVMH brands to its list. LVMH is facing a boycott threat after the French luxury house invited President Donald Trump to the opening of a new Louis Vuitton … More FASHION AVENUE| Louis Vuitton Faces Boycott Threat After Trump Visits Factory

FASHION AVENUE | Victoria’s Secret Head Of Stores Is Stepping Down

MILAN, ITALY – One of Victoria’s Secret’s key executives is stepping down as the retailer deals with a battering year. April Holt, who is the executive vice president of stores, is leaving the L Brands-owned company after more than 16 years. Becky Kritek-Behringer, a 17-year veteran who is currently Victoria’s Secret SVP of store operations, … More FASHION AVENUE | Victoria’s Secret Head Of Stores Is Stepping Down

BUSINESS | H&M Partners With South Africa’s Mantsho In First Collaboration With An African Label

Swedish retail giant H&M has joined forces with South African brand Mantsho, in its first ever collaboration with an African designer. The Manstsho label was created by Johannesburg-based designer, Palesa Mokubung, in  2004, and has graced many runways worldwide including in the United States, Greece, and India. In Mokubung’s native Sesotho language, Mantsho means “Black … More BUSINESS | H&M Partners With South Africa’s Mantsho In First Collaboration With An African Label