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Moynat Opens on Madison Avenue

In Retail News, What's New by Marilise Gavenas

Last week, as part an aggressive expansion plan for its Moynat brand,  luxury conglomerate LVMH opened the accessories maker’s first U.S. boutique at 937 Madison—putting it on the same block as the newly opened Met Breuer (site of the former Whitney Museum) and a new Apple store. Since the opening …

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“Handbag War” Ends: LVMH, Hermès Make Up

In What's New, Industry News by Jeff Prine

Paris—One of the most contentious and bitter battles ever in luxurygoods is over. Today—unexpectedly—LVMH and Hermès announced a conciliatory agreement to end their fight over the shares LVMH took in Hermès. Under the deal, LVMH, the world’s No. 1 luxury group, controlled by billionaire Bernard Arnault—agreed to relinquish most of …

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Week in Review: Must-Know News

In What's New, Industry News by Accessories Staff

New York—Online shopping may be convenient, enabling consumers to shop 24/7 without worrying about finding a parking place. But several of the latest consumer surveys reveal that shoppers actually prefer to shop in store. In one of the latest reports, A.T. Kearney Omnichannel Shopping Preferences Study found “stores play a …