53 posts tagged "LVMH"
Bernard 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.
All 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.
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.”