Can’t knock the hustle: LVHM’s Moet Hennessy takes 50 per cent stake in Jay-Z’s champagne brand February 22, 2021 Luxury goods company LVHM is buying a 50 per cent stake in rap star Jay-Z’s champagne brand, Armand de Brignac. Jay-Z’s champagne brand is high-end, and known for its metallic bottles that cost hundreds of thousands of dollars each. The investment, LVMH and Jay-Z said, is aimed at growing Armand de Brignac through LVMH’s global [...]
Stylish Stocks: Calvin and Tommy lead the way among best-performing fashion brands June 23, 2022 Even though people often associate the financial world with black suits, statistics, and little in the way of style, trading does have its fashionable side. Specifically, fashion stocks. From high-end brands such as Christian Dior and Ralph Lauren to high-street labels like Gap and Zara, retail shares are firmly on investors’ radar recently. Only yesterday, [...]
LVMH confirms Tiffany approach in largest bid in company’s history October 28, 2019 The French multinational behind brands such as Louis Vuitton, Dior and Moët & Chandon today confirmed it had approached Tiffany & Co about a possible takeover of the U.S. jeweller. In a statement, LVMH, which is the world’s largest luxury goods group, said: “In light of recent market rumours, LVMH Group confirms it has held [...]
Let them drink D’Yquem: A new dawn for the best known sweet wine March 8, 2022 When Chateau D’Yquem issues an invitation, it brooks no refusal. A bucket list wine if ever there was one, Chateau D’Yquem is world famous for their exquisite (and expensive) sweet wines. The launch of the 2019 vintage, hosted at the sumptuously trendy NoMad Hotel, heralds the dawn of a new age for the established wine [...]
Pink goes offline as Covid takes the shirt off its back January 13, 2021 Pink Shirtmaker, the fashion retailer that became famous trading under the name Thomas Pink, has been shuttered by owner LVMH. Covid appears to have seen off the shirtmaker, which had been struggling for years and closed its Jermyn Street flagship in December. All traces of its social media channels, online store and links on the [...]
French tycoons plot media buying spree with €250m blank-cheque firm July 14, 2021 Two of France’s best-known business figures have teamed up to launch a new blank-cheque firm that will target deals in the media and entertainment industry. The holding companies of billionaire Francois Pinault’s family and banker Matthieu Pigasse today announced the launch of I2PO, a special purpose acquisition company (Spac) that will list in Paris. The [...]
Listed luxury: Ermenegildo Zegna’s decision to go public comes at a crossroads for high-end fashion July 23, 2021 Luxury Italian brand Zegna has decided to go public via special purpose acquisition (SPAC), in an interesting blend of the old and the new. The move to go with a listing model that some still consider untested for the long term comes after a track record of over a century of excellence in high quality [...]
JD.com revenue jumps as pandemic boosts online shopping August 23, 2021 Chinese retailer JD.com has beaten expectations for second-quarter sales as the pandemic continues to drive up demand for online shopping. The tech giant reported a 26 per cent rise in net revenue to 253.8bn yuan (£28.6bn) in the three months to the end of June, beating analyst consensus of 249.27bn yuan. Sales in its product [...]
London should not overlook SPACs, former LSE boss says February 24, 2021 The former London Stock Exchange boss, Xavier Rolet, has declared London should consider blank-cheque vehicles following a surge of activity in the US. A number of big names, including Rolet himself, have jumped on the SPAC craze which is sweeping the US. SPACs – special acquisition companies- are created to raise capital through a public [...]
Fashion platform Lyst raises $85m ahead of public listing May 12, 2021 Fashion platform Lyst has raised $85m ahead of its initial public offering as users jumped to 150m. New investors in the ecommerce app include funds managed by Fidelity International, Novator Capital, Giano Capital and C4 Ventures, alongside existing backers Draper Esprit, 14W, Accel, Balderton Capital, Venrex and LVMH. Entrepreneur and strategic advisor Carmen Busquets, who [...]