Lvmh

ISRO to launch US communication satellite on commercial LVM3 flight in Dec

ISRO would launch a US communication satellite using LVM3 on a commercial basis next month, the space agency's Chairman V Narayanan said on Monday. Delivering the keynote address on the occasion of 68th Annual Day celebrations of Indian Railways Institute of Signal Engineering and Telecommunications (IRISET) here, he also said the country's space programme would be on par with any other advanced nation in terms of launches, satellites and others by 2040. "Launch date is not yet decided. It will be next month. It is a communication satellite, we are planning to launch. A commercial basis communication satellite we are going to launch in our LVM3 (Launch Vehicle Mark - III), vehicle," he told reporters. It is not a collaboration with the US, but an American satellite which would be launched on a commercial basis, he said. According to him, the ISRO, with Prime Minister Narendra Modi at the helm of affairs, is working on a lot of programmes. Right now, 57 satellites are in orbit, an

Why Chinese shoppers are choosing local luxury over premium foreign brands?

As the economy cools, spending on foreign premium brands has stalled. Instead, when Chinese consumers do splash out, they're turning to homegrown labels

France's richest man, LVMH's Arnault, slams proposed billionaire tax

"This is clearly not a technical or economic debate, but rather a clearly stated desire to destroy the French economy," Arnault told Britain's Sunday Times

Why Moet Hennessy is slashing jobs and retreating from retail bets

Job cuts, failed acquisitions and aggressive pricing have left LVMH's spirits division in turmoil, as new leadership scrambles to stabilise performance and regain retailer confidence

LVMH appoints Bulgari CEO Jean-Christophe Babin to lead watches business

The watches division, meanwhile, has been hit with slowing demand as inflation-strapped shoppers curtail high-end purchases, with the watches and jewellery division's sales down 2% last year

Is India next luxury superpower? Hublot CEO bets on strategy, innovation

At BS Manthan, Hublot CEO Julien Tornare delved into what it takes to build a global luxury powerhouse, why authenticity and innovation matter, and whether India can create its own LVMH

Tarnishing Paris Olympics medals put luxury goods firm LVMH in spotlight

Nick Itkin, a US Olympic foil fencer, said his bronze medal started to deteriorate a few days after the Olympics

As bitcoin soars, luxury brands consider accepting crypto payments

Until recently, only a handful of luxury brands including LVMH watch labels Hublot and Tag Heuer as well as Kering-owned fashion brands Gucci and Balenciaga have experimented with crypto payment offer

LVMH sales slump in China rattles investors in luxury shares: Report

Slump in Chinese demand for Louis Vuitton bags, Dior gowns and other high-end fashion has wiped out more than €150 billion in LVMH market capitalization

LVMH sales growth slows as China's slump weighs on luxury spending

Shares in LVMH Moët Hennessy Louis Vuitton SE fell as much as 5.2per cent in early Paris trading, the biggest intraday decline since October

LVMH deepens partnership with Alibaba to enhance tech presence in China

The partnership also illustrates the growing focus of the high end luxury brands on improving online shopping

LVMH's first quarter sales growth slips to 3% amid luxury retail slowdown

LVMH, which is Europe's second-largest listed company and worth nearly 400 billion euros, is the first luxury goods maker to report quarterly earnings

Survival of family firms under threat amid shortage of capable heirs

Even if family companies grow to be behemoths like Succession's Waystar RoyCo, family companies are inherently fragile organisations

Demand for champagne softens after post-Covid boom years, says LVMH

"2023 is a bit more complicated, because this effect of Covid is fading out, and there's a lot of inflation in all countries," Schaus said. "So we see that we are going back to normal

Major global firms warn of slow China sales as post-pandemic surge fades

Caterpillar, global firms have warned of slowing earnings in China as the world's second-largest economy loses its post-pandemic bounce

Hyundai, Rolls-Royce profit increases; LVMH sales fail to impress

Boeing flipped to a $149 million loss in the second quarter despite higher revenue, as the plane maker struggled with higher costs in both its airline and defense business

LVMH to sponsor Paris Summer Olympics 2024 in a first for luxury group

The announcement by Europe's most valuable company ends months of speculation over its participation in the sporting event, which starts in a year's time

Elon Musk again becomes World's richest person as Arnault's LVMH sinks

The Tesla Inc. chief executive officer surpassed luxury tycoon Bernard Arnault on Wednesday after shares of Arnault's LVMH fell 2.6% in Paris trading

Luxury brand LVMH's market value surpasses $500 bn, a first in Europe

Shares of Paris-based LVMH Moet Hennessy Louis Vuitton SE, as the company is formally known, climbed 0.3% to €903.70 at 10:43 a.m. Monday, valuing the company at €454 billion ($500 billion)

LVMH breaks into world's top 10 as market value nears $500 billion

A first-quarter sales beat sparked a 5% increase in the share price Thursday, giving the luxury powerhouse a 29% rally for the year