LVMH news and archive

EU fines Gucci, Chloé and Loewe millions for violating competition rules

Brussels, Belgium – The European Union announced on Tuesday that it had imposed fines totalling 157 million euros on luxury firms Gucci, Chloé and Loewe for breaching competition rules. The sanctions follow surprise raids conducted in April 2023 and an antitrust investigation by the European Commission in July 2024. The EU's executive arm...

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Fendi appoints Maria Grazia Chiuri as new creative director

Fendi has confirmed the appointment of Maria Grazia Chiuri as the new creative director of the Roman house, following the departure of Silvia Venturini. In her new role, the designer will head the artistic direction of the Italian firm, with responsibility for the collections and the global creative vision. Chiuri will report directly to Ramon...

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McCollough and Hernandez embrace Anderson's legacy in their debut for Loewe

Continuity and heritage. These two terms best summarise the new path Spanish brand Loewe has begun to tread, following the departure of Jonathan Anderson and the arrival of the duo Jack McCollough and Lazaro Hernandez as the new creative directors of the Spanish fashion house. This marks a new chapter in its nearly 200-year history. The North...

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Will Maria Grazia Chiuri's be the new creative director?

While LVMH, the owner of luxury brand Fendi, has not yet officially announced the appointment of Maria Grazia Chiuri as creative director, her arrival appears to be a certainty. This is according to well-informed sources like Merle Ginsberg of WWD, who also named Francesco Risso and Willy Chavarria as possibilities, Harper’s Bazaar, Rolling...

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Loewe grew by +9 percent in Jonathan Anderson's final year

Madrid – Spanish brand Loewe has presented the results for its main parent company, Loewe SA, for its latest 2024 financial year. The Madrid-based fashion house, owned by the French multinational holding company LVMH, once again achieved record turnover, although it experienced a notable drop in profits. These financial statements mark the end...

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Arnault family appoints Veuve Clicquot CEO as Paris FC's managing director

Paris - The Arnault family, majority shareholder of Paris FC via its holding company Agache, has appointed the CEO of Veuve Clicquot Ponsardin (LVMH Group), Jean-Marc Gallot, as the football club's managing director. He will take up the position from October 1. The Ligue 1 club and the holding company announced the appointment in a statement on...

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Bernard Arnault 'Honored' by Armani's consideration of LVMH

Paris - Bernard Arnault, chairman and chief executive officer of LVMH (LVMH), said on Friday he was "honoured" that his group had been named in Giorgio Armani's will as a potential partner for the Italian group. Arnault told Agence France-Presse (AFP): "Giorgio Armani, whom I had the pleasure of knowing personally, was a true genius; the only...

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Luxury world bids farewell to Francesco Trapani

Francesco Trapani passed away yesterday evening at his home in Rome. The 68-year-old entrepreneur and manager, a descendant of the Bulgari family, led the maison, founded in 1884, as chief executive officer for three decades. The maison became one of the major global players in the luxury sector, present in jewellery, watches, fragrances,...

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Hedi Slimane invites Celine to turn the page in an Instagram story

On 6 September 2025, Hedi Slimane published an Instagram story addressed to Celine (LVMH), where he was formerly creative director. “I left Celine in October 2024,” wrote Slimane on Instagram. “I have been convinced since – and I look forward to it – that Celine will brilliantly reinvent, for its advertising campaigns and its corporate image, a...

Fashion

Jacquemus designs new look for LVMH's Veuve Clicquot champagne

Fashion designer Simon Porte Jacquemus has collaborated with Veuve Clicquot to create an exclusive bottle for La Grande Dame 2018, the champagne house's most prestigious cuvée. This limited-edition bottle will launch at Selfridges' Oxford Street store on September 10, 2025. The design reimagines the iconic yellow label, dressing the bottle in...

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LVMH in talks to acquire French business magazine Challenges

Paris - Discussions are underway for the potential sale of the French business magazine Challenges to the luxury group LVMH. According to Pierre-Henri de Menthon, the magazine's editor-in-chief, negotiations are scheduled to take place in September between the Arnault family, who own LVMH, and Challenges' majority shareholder, Claude Perdriel....

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Prada, Jil Sander, Jack Wolfskin… An overview of new management in the fashion industry

Even during the seemingly quiet summer period, the fashion industry continues its reshuffle. From Lancel and Nike to Geox and Marni, FashionUnited has compiled the most important personnel decisions of recent months. Jil Sander: Ubaldo Minelli appointed CEO Ubaldo Minelli, chief executive officer of the Italian fashion group OTB Group, is now...