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LVMH, Catterton Partner to Create L Catterton, a Private Equity Firm

In What's New, Industry News by Accessories Staff

Greenwich, CT and Paris–Catterton, a consumer-focused private equity firm, LVMH, the world’s largest luxurygoods conglomerate, and Groupe Arnault, the family holding company of Bernard Arnault, announced today that they have entered into an agreement to create L Catterton. The new partnership will combine Catterton’s existing North American and Latin American …

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LVMH Hits New Heights as 2014 Profit Rises 64%

In What's New, Industry News by Jeff Prine

Paris—LVMH enjoyed a record high in shares today after reporting Tuesday that its luxurygoods sales were higher than expected last year. Pointing to a successful rejuvenation of its flagship Louis Vuitton brand, Chairman/CEO Bernard Arnault credited designer Nicolas Ghesquiere with revitalizing the line, which accounts for more than 7.5 billion …

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LVMH First Half Profit Hit by Exchange Rates

In What's New, Industry News by Jeff Prine

Paris—LVMH—the world’s largest luxurygoods conglomerate—felt the sting of a “pressured” Asian market that pushed its profit and margins lower in the first half. Profit from recurring operations fell 5% to 2.58 billion euros (about $3.5 billion). Analysts had expected 2.76 billion euros. According to CFO Jean-Jacques Guiony, so-called organic sales …

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Item of the Day: Fendi Karlito

In Item of the Day, What's New by Accessories Staff

One of the hottest luxurygoods this summer isn’t even a handbag, wallet or piece of jewelry. The fashion cognoscenti have gravitated to a new “it” for fall: Fendi’s Karlito, a fox and goat fur key chain based upon the iconic visage of designer Karl Lagerfeld. The ultimate in Marie-Antoinette-let-them-eat-cake effrontery? …

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Item of the Day: Zangliani

In Item of the Day, What's New by Jeff Prine

For those of us who cannot always afford a luxurygoods splurge, there’s nothing like a jaunt though the main accessories floor of a luxury purveyor. On just such a recent trip, we spied a truly sumptuous bag at Barneys. It was Zagliani’s crocodile small Tomodachi bowling bag. The soft matte …