The 17 July release of Richemont's underwhelming first-half results has sent stock prices falling across the luxury sector. Glitz.paris offers early insight into LVMH's results, set to be made public later this month.
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After nearly 10 years of negotiations with lobbyists, the European Commission is expected in early 2023 to finalise a list of allergens that must be declared on ingredient labels for fragrance and cosmetic products. The new regulations will target 80 substances and require companies to conduct costly tests that few laboratories can perform.
After opening a renovated Dior boutique at 30 Avenue Montaigne in the spring of 2022, LVMH quietly carried out another operation at number 22 this summer. Its goal is to take control of the building, which is the group's headquarters, and where it has until now only been a tenant.