The French fashion house bucked the slump in the luxury industry and continued to grow in 2025. It did, however, cut shareholder dividends by nearly half, even though these remain among the highest in the sector.
It was meant to be LVMH's London showpiece: a luxury hotel just a stone's throw from Bond Street. Scheduled to open in 2022, it was quietly scrapped by the fashion giant, and the site was taken over by an enigmatic fund, behind which Glitz has identified a well-known British political figure.