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September 2 2014

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53 posts tagged "LVMH"

LVMH’s Paris Museum Set to Open in October

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FRANCE-CULTURE-ART-ARCHITECTURE-LOUIS-VUITTONBernard Arnault has finally announced October 27 as the official opening day for the Foundation Louis Vuitton museum in Paris. The 126,000-square-foot building, designed by architect Frank Gehry, will house the corporate art collection of LVMH, as well as specially commissioned works and temporary exhibitions. Fittingly, the debut show, on display through January, focuses on Gehry’s work for the foundation.

“We have a pretty eclectic mix, but it is true that I am quite involved in the choice,” Arnault told WWD of the art in the new museum. “This is a small payback to the public, and to our employees.” Estimated to cost more than $136 million at current exchange, this building is Arnault’s biggest architectural undertaking since 1999′s christening of the twenty-three-story LVMH Tower in New York.

Gehry’s other LVMH creation, a limited-edition monogram handbag for Vuitton, will also be unveiled this October as part of the label’s “The Icon and the Iconclasts” project, along with creations by Karl Lagerfeld, Cindy Sherman, and more.

Photo: AFP/Getty Images

Donna Karan Speaks Candidly About LVMH

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Donna KaranAll marriages have their difficulties, and Donna Karan isn’t afraid to talk about them. In an interview with The New York Times, the veteran designer, who sold her company to LVMH in 2001, said her relationship with the French fashion company (which also owns Céline, Dior, Marc Jacobs, and, of course, Louis Vuitton) has been a little chilly. “Vuitton runs their businesses separately,” she said. “I would love to work more with them, but Vuitton has given me the cold shoulder.” Specifically, Karan notes that LVMH has not been as supportive as she’d hoped in the often-lucrative accessories business. “We were the first one to get into the alligator bags. One of the appeals of the sale to LVMH is that they would have been the perfect partner in handbags, but instead they saw me as a fashion designer.” Sure, everyone bashes their boss behind closed doors, but it’s rare for a designer to air her displeasure with a company as powerful as LVMH so publicly. To be continued, as they say.

Photo: Yannis Vlamos/ Indigitalimages.com

With a New CEO and E-Commerce on the Way, J.W. Anderson Strives for Success

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J.W. Anderson

J.W. Anderson‘s Jonathan Anderson is making some big moves on the business front. The London-based designer has hired a seasoned CEO, Simon Whitehouse, who previously held executive posts at Diesel and Matthew Williamson; has set up shop in his new 4,000-square-foot headquarters in Dalston, and is set to launch e-commerce on June 16. These are the first major business-oriented developments for Anderson, who also serves as the creative director at Loewe, since LVMH took a minority stake in his budding brand last year. No doubt, this is just the beginning of Anderson’s evolution from fledgling British talent to international luxury label. But the 29-year-old has wisely taken a slow-and-steady approach, rather than diving in headfirst. “When you are doing this level of work it is like kind of training for a marathon,” he told The Business of Fashion. “You cannot take the whole thing at once and sprint it.”

Photo: Ami Sioux / Style.com PRINT  

Bernard Arnault, Miuccia Prada, and More Are Among Europe’s Richest

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Miuccia PradaIt pays to work in fashion. London’s Sunday Times released its annual Rich List this weekend, and nearly one-third of the top 25 richest people in Europe work in the fashion, beauty, or luxury goods industries. Even if you don’t recognize the name of the number one richest man, you’ve likely shopped at one of his stores—Amancio Ortega, the Spanish founder and owner of Zara’s parent company, Inditex, is worth a staggering $64.74 billion. Also included among Europe’s top earners is Bernard Arnault, CEO of LVMH, whose net worth is $32.29 billion. Beauty professionals are included in the mix as well: Liliane Bettencourt, one of the principal shareholders in L’Oréal, is valued at $32.12 billion. And unsurprisingly, the world’s most storied fashion brands are raking in billions: Bertrand Puech, whose family founded Hermès back in 1837, is worth about $24.89 billion, and Alain and Gerard Wertheimer, two brothers with a controlling stake in Chanel, are worth $18.83 billion. Rounding out the top 25 list is Miuccia Prada and her husband, Patrizio Bertelli, who are worth a combined $17.32 billion.

Photo: Getty Images 

Jobs Wanted: The Business of Fashion launches its new recruitment site in London

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BofLondon’s top designers turned out for a dinner party to launch The Business of Fashion’s new recruitment site, BoF Careers, at Mayfair’s Morton’s Club last night. The concept of a fashion- and luxury-only recruitment site came to founder Imran Amed not long after he launched BoF back in 2007. As the site started to grow, so did Amed’s connections.

“People would approach me after shows, dinners, presentations, and ask questions like, ‘I am looking for a PR manager who speaks Mandarin, I am looking for a social media marketer—do you know someone?’ This happened enough times for me to think, Hey, there needs to be an online recruitment site for fashion and luxury only.” Industry heavyweights agreed: LVMH, Tory Burch, the Net-a-Porter Group, Swarovski, Ermenegildo Zegna, Lane Crawford, and Anya Hindmarch, who together employ almost 150,000 people worldwide, are BoF’s launch partners. The CFDA and BFC also became involved. “Starting right now, our seven partners will post their vacancies online, so those looking for employment in fashion worldwide will be able to start their search immediately.”

The evening was also a release party for the second issue of BoF magazine with cover star Victoria Beckham, who also, btw, is seeking a digital marketing intern exclusively on the site—résumés at the ready!

Photo: Courtesy of The Business of Fashion