Luxury conglomerate LVMH is reportedly looking to sell fashion brand Marc Jacobs for about $1 billion. LVMH is discussing deals with multiple parties and could reach a deal soon, the Wall Street Journal (WSJ) reported Friday (July 25), citing unnamed sources. LVMH did not immediately reply to PYMNTS’ request for...
Luxury retailer LVMH on Thursday (July 24) reported a decline in overall business performance in the first half of the year, mainly due to weakness in Asia. Earnings fell 22% from a year ago. The French conglomerate cited macroeconomic factors such as currency fluctuations, decreased...
Luxury conglomerate LVMH is deploying artificial intelligence (AI) tools throughout its operations, targeting both operational efficiency and customer retention. The company is using predictive AI, generative AI and AI agents across supply chain, pricing, product design and marketing, The Wall Street Journal (WSJ) reported Monday...
Luxury conglomerate LVMH reportedly told investors and analysts that demand remains soft due to weaker consumer confidence in China and other markets. This message may signal that the company’s second-quarter results may not show an improvement over the first quarter, when LVMH missed revenue estimates, Bloomberg reported Wednesday...
July 19, 2023
While Richmont has essentially declared that China isn’t buying, prestigious London department store Harrods is preparing to unveil an exclusive club in Shanghai. This step not only marks the luxury retailer’s first venture into international territory but also contradicts the wishy-washy buying patterns observed among Chinese consumers. Just this week, PYMNTS reported, “China, once hailed as […]
July 25, 2025
Luxury conglomerate LVMH is reportedly looking to sell fashion brand Marc Jacobs for about $1 billion. LVMH is discussing deals with multiple parties and could reach a deal soon, the Wall Street Journal (WSJ) reported Friday (July 25), citing unnamed sources. LVMH did not immediately reply to PYMNTS’ request for comment. According to the WSJ report, the company is known […]
June 09, 2025
Luxury conglomerate LVMH is deploying artificial intelligence (AI) tools throughout its operations, targeting both operational efficiency and customer retention. The company is using predictive AI, generative AI and AI agents...
May 21, 2025
Luxury conglomerate LVMH reportedly told investors and analysts that demand remains soft due to weaker consumer confidence in China and other markets. This message may signal that the company’s second-quarter results may...
November 24, 2024
While Chinese consumers are struggling, the country’s secondhand luxury market is reportedly thriving. As the Financial Times (FT) reported Sunday (Nov. 24), companies such as Cartier owner Richemont, Gucci parent...
