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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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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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Rumor: LVMH Interested in Acquiring Coach?

In What's New, Industry News by Jeff Prine

New York—Shares of Coach Inc rose the most in four months Thursday after after a report surfaced that LVMH apparently is interested in buying the American leathergoods company. Supposedly LVMH was interested due to Coach’s turnaround strategy that includes moving from high-end leathergoods to ready-to-wear, primeretailer.com said, citing sources. Coach …

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LVMH Sales Up Despite Weakness in Asia

In What's New, Industry News by Jeff Prine

Paris—LVMH, “the world’s biggest luxury group,” reported today that sales were up in its third quarter as business picked up in Europe and the United States which offset continued weakness in Asia. For the three month ended Sept. 30, the parent to Louis Vuitton and Fendi, said comparable sales growth …