LVMH's Patrice Wagner really doesn’t like to boast, but in his view, there is no more Parisian department store than Le Bon Marché, which kicks off the fall this weekend with a massive exhibition on Los Angeles.
French consumers were at their least upbeat in nearly two years this month as concerns over inflation and personal finances weighed, adding to signs of slowing momentum in the euro zone’s second-biggest economy.
French retailer Carrefour has struck a five-year purchasing alliance with peer Systeme-U, stealing a march over rivals in a deal that will make Carrefour the biggest buyer in its competitive home market.
Product and brand piracy cost German manufacturers around 7.3 billion euros and 33,000 jobs in 2017, with China being the biggest culprit, a survey by German engineering association VDMA showed on Tuesday.
Expect another year of rapid growth at LVMH, insisted Bernard Arnault, chairman of LVMH, at the group's AGM. Though he called reports that LVMH executives had held talks with the owners of Chanel “fake news.”