As the European luxury company faces challenges in the Chinese market,According to people familiar with the matter, the key project of the French luxury giant LVMH Group flagship brand Louis Vuitton is delayed. The Beijing New Flagship Store, which was opened in the first half of 2024, may be delayed until next year.It is understood that in order to attract the largest consumers in China, LVMH contributed to some of them to go to Paris to watch the Summer Olympics.According to data from the consulting company Digital Luxury Group, after years of strong growth, Chinas luxury market is expected to shrink by 15%this year.At the same time, more and more young Chinese consumers spend money on travel and other experiences, not the symbol of identity.
GUCCI recently appointed Valérie Leberichel as a senior vice president of global communication.At present, Guccis CEO STEFANC CANTINO is forming a new team in key areas to support the transformation of Gucci.Valérie Leberichel will join as the senior vice president of global communication at the end of December and report directly to Gucci and Cantino.Since April 2022, she has been the vice president of Givenchys global communication, and has 27 years of marketing and dissemination related work experience in Celine, Miu Miu and other brands.
At the 7th China International Import Expo, LVMH Lu Weixuan joined hands with Taikoo Real EstateThe official announcement of forming a strategic partnership, the two parties will jointly promote the practice of green business models based on the LIFE 360 environmental protection initiative of the LVMH Group and the "Sustainable Development Strategy in 2030".The scope of the cooperation covers the brand, office and existing stores in six cities in Mainland China (Beijing, Shanghai, Guangzhou, Chengdu, Xian, and Sanya) in six cities in Mainland China, as well as the future upgrades and existing stores, as well as in Taikufang, Hong KongOffice space.
Swedish mens brand Our Legacy yesterday announced that it has won the worlds largest luxury giant LVMH Luxury VenturesA few equity investment, but did not disclose the specific amount.This investment will help the brand to open stores in major cities such as Paris, New York, Tokyo and Shanghai in Paris.
Our Legacy co -founder Jockum Hallin said that the brand has increased 5 times income in the past three years, and its latest fiscal year revenue will reach 40 million euros. Its Paris flagship store is expected to open by the end of next year.
Our Legacy was established in 2005. It is headquartered in Stockholm and is sold at about 250 high -end retailers worldwide.Based on minimalist design and high -quality fabrics, under the trend of luxury consumers away from street clothing, it has become a market darling with low -key luxury style. Hot products include leather boots and digital printed jeans.
According to sources, the Vice President of LVMH and Human Resources Director Chantal Gaemperle has been firedIf the news is true, this means that the children of LVMH CEO Bernard Arnault won the companys struggle to eliminate the company.
CHANTAL joined LVMH in 2007. It has long been committed to introducing new blood and promoting high -level youth.In addition, StéPhane Rinderknech, who is responsible for LVMH Hotel and Cosmetic Business, also fired Alessia Gargano, the human resources director, because she was allegedly collecting information on it.
As of now, LVMH will not comment on the news.
CHANEL returned to Hong Kong after 18 years, and in Hong Kong on November 5The School of Design held a re -engraving fashion show of the 2024/25 vacation series.This event attracted about 2,000 guests, including Chow Yun Fat, Carina Lau, and brand ambassador Quan Zhilong.
In order to show the close connection with the local creative industry, Chanel held a seriesCHANEL Student Day event organized by the School of Design.
It is worth noting that this series is the last work of the former Chirginie Viard before leaving in June.At present, CHANEL has not yet announced the new creative director, and the next three series will be designed by the internal team. Flying news states that the brand will announce the new creative director in December.
The third quarter of the German fashion group Hugo Boss increased by 1%to 10.3 after the exchange rate was adjusted by 1%to 10.3.In the first nine months, revenue increased by 2%to 3.06 billion euros after the exchange rate.Although the European domestic market and the American market have achieved low single -digit growth, the Hugo Boss Asia -Pacific market is sluggish, with revenue decreased by 7%to 110 million euros.
The Groups CE0 Daniel Grieder stated in the statement that by further optimizing global procurement activities and strict implementation of cost measures introduced earlier this year, the company effectively improved operating efficiency.Although the operating costs have decreased slightly, the pre -interest rate of HUGO BOSS.The decrease of 7%to 95 million euros has improved compared with the 42%in the second quarter.
American designer Tom Ford recently spent $ 104 million at Chelsea, Londons high-end location to acquire a buildingThe location is considered to be a settlement of people in the literary and art circles, and this transaction has become the most expensive mansion trading case in Britain this year.
Tom Ford brand with the same name of the same name was acquired by Estee Lauder Group in 2022, making Tom Ford worth more than 2 billion pounds.
Kim Jones, a French luxury brand Dior Mens Creative Director, and American artist KAWS again launched a new mens clothingCapsule series, six years ago Kim Jones showed the flower sculpture created by KAWS on the first show.
This cooperation is inspired by snake -shaped symbols, covering single items such as sports jackets, satin shirts and loose sports pants. This series is planned to be officially launched on January 2 next year.The price ranges from 270 euros to 8,800 euros.
Prada officially announced that Korean actor Byeon Wooseok served as the latest brand ambassador, whileYouxi has a wealth of acting experience in the field of movies and TV dramas. Recently, he is known as the actor in the series "Carrying with a Good Strike", and holds a 2024 Asian fan meeting across 8 cities.
Bian Youxi debuted as a fashion model. In 2016, he began his acting career as a TV series "Dear My Friends". Since then, he has appeared in "Flower Crew: Joseon Marriage Agency" and "RecordFor popular drama such as "of Youth" and "Moonshine", we have established rich film and television works.
In June this year, Bian Youxi was invited to attend the Prada 2025 spring and summer mens clothing series fashion show in Milan.Looking forward to the cooperation between the two sides in the future.
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