Luxury brands are experiencing difficulties in their recoveries in European and Chinese consumer markets. Former Chairman of LVMH North America Pauline Brown — LVMH (MC.PA) owns high-end brands like Christian Dior, Louis Vuitton, and Marc Jacobs — sits down with Yahoo Finance Live to discuss factors accelerating spending from select segments of luxury consumers. "The reality is there is some shift going on in terms of experiences versus goods, and what is a really interesting trend which I'm going to continue to watch are the bigger luxury brands going into hospitality. For example, Vuitton will be opening its first-ever hotel in Paris — Vuitton Hotel," Brown says. She goes on to comment on bifurcation from Chinese customers stemming from the overall quality of brands. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
In this article, we will take a look at the 25 most valuable luxury companies in the world. If you want to skip our detailed analysis of the luxury goods market, you can go directly to 5 Most Valuable Luxury Companies in the World. The Dynamic Landscape of the Global Luxury Goods Market In the […]
Luxury goods giant LVMH is launching an entertainment venture to boost the marketing of its labels, overseen by a committee of executives led by LVMH heir Antoine Arnault and Anish Melwani, CEO of the group's North America operations. The new venture, called "22 Montaigne Entertainment" - a reference to LVMH group headquarters in Paris on Avenue Montaigne, is a partnership with Superconnector Studios and that company's co-founders Jae Goodman and John Kaplan, LVMH said.