DOCSLIB.ORG

« Spread Parisian Chic Across the World »

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
« Spread Parisian Chic Across the World » 2017 REGISTRATION DOCUMENT 33:&1=Q3&3(.&1=7*5479 « Spread parisian chic across the world » SMCP S.A. Société anonyme (a joint-stock company) with a capital of 81,909,433.10 euros Registered office: 49, rue Étienne Marcel, 75001 Paris, France Registered with the Paris Trade and Companies Registry under company number 819 816 943 2017 REGISTRATION DOCUMENT INCLUDING THE ANNUAL FINANCIAL REPORT Pursuant to its General Regulations, specifically Article 212-13, the French Autorité des marchés financiers (AMF) registered this Registration Document on April 27, 2018 under number R.18-34. This document may only be used for the purposes of a financial transaction if it is supplemented by a security note in respect of which the AMF has granted a visa. It was prepared by the issuer and all its signatories are liable for its contents. The registration pursuant to the provisions of Article L.621-8-1-I of the French Monetary and Finance Code, was completed after the AMF verified that the document is complete and coherent and that the information contained herein is consistent. The AMF has not, and cannot be construed as having, verified any of the accounting and financial information contained herein. Copies of this Registration Document are available at no cost from SMCP, 49, rue Étienne Marcel, 75001 Paris, France, and on the websites of SMCP (www.smcp.com) and the French Autorité des marchés financiers (www.amf-france.org). 1 NOTE SMCP S.A.S., a French joint-stock company, with capital of 81,733,182.80 euros, with its registered office at 49, rue Étienne Marcel, 75001 Paris, France, registered under identification number 819 816 943 (Paris Trade and Companies Register) is referred to as the “Company” in this Registration Document. The “Group” refers to the Company and its subsidiaries and equity associates. The term “Basic Document” refers to the basic document of the Company registered by the French Autorité des Marchés Financiers (“AMF”) on September 15, 2017 under number I.17-066. The Company was incorporated on April 20, 2016 and its corporate year runs from May 1, 2016 until December 31, 2017, i.e. a corporate year of twenty months. In order to facilitate the reader’s understanding, the Company is presenting and commenting in this Registration Document the Company’s consolidated financial information for an interim period of twelve months running from January 1, 2017 to December 31, 2017. The financial information for the twelve-month interim period ended December 31, 2017 presented in this Registration Document is taken from the consolidated financial statements of the Company for the twenty-month period ended December 31, 2017 prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the European Union. This registration document contains information on the Group’s prospects and development priorities. This information may be defined with use of the future tense, the conditional mood and terms of a forward-looking nature such as “consider”, “envisage”, “believe”, “has as its purpose”, “anticipate”, “understand”, “should”, “aims”, “estimates”, “believes”, “wishes”, “could”, or, if applicable, the negative form of these terms, or any other variant or similar terminology. Said information does not constitute historical data and cannot be interpreted as warranting that the facts and data set out will be vindicated. Said information is based on data, assumptions and estimates considered as reasonable by the Group. These may change or be amended given uncertainties associated with the economic, financial, competitive and regulatory environment. In addition, the production of various risks described in Chapter 4 of this Registration Document, “Risk Factors”, may have an impact on the activities, position and financial results of the Group and its ability to achieve its objectives. Investors are asked to carefully consider the risk factors described in Chapter 4 (“Risk Factors”) of this Registration Document. The realization of some or all of these risks may have a negative effect on the business, situation or financial results of the Group. In addition, other risks, not yet identified or considered as insignificant for the Group, may produce the same negative effect. This Registration Document contains information on the Group’s markets and its competitive positions, including information on the size of such markets. In addition to the estimates made by the Group, the information on which the Group’s declarations are based is derived from statistics and studies by third parties (see Chapter 23 “Third-party information and declaration by experts and declarations of interests” of this Registration Document) and by professional organizations, or statistics published by competitors, suppliers or customers of the Group. Some information in this Registration Document is publicly available information which the Company considers to be reliable, but which has not been verified by an independent expert. The Company cannot warrant that a third party using different methods to combine, analyze or calculate data on the various business segments would obtain the same results. The Company enters into no commitment and makes no warranty on the accuracy of such information. It is possible that the information may be erroneous or no longer up to date. The Group is not bound by a commitment to publish updates of this information, other than pursuant to any legal or regulatory obligations binding upon it, including European Regulation 596/2014 of April 16, 2014 on market abuses. 2 In this Registration Document, unless otherwise stated, data concerning points of sale openings by the Group for a given period are presented on a net basis of points of sale closings during the same period. In this Registration Document, data on net sales generated by online sales include, except where otherwise indicated, net sales recorded by partners. Certain statistical data (including data expressed in thousands or millions) and percentages presented in this Registration Document have been rounded up or down. If applicable, the totals presented in this Registration Document may present insignificant deviations from the totals that would have been obtained by adding up the exact (non-rounded) values of the statistical data. 3 Table of contents Page 1. PERSONS RESPONSIBLE ............................................................................................................................. 7 1.1 Person responsible for the Registration Document ...................................................................... 7 1.2 Declaration by the person responsible for the Registration Document ...................................... 7 2. PERSONS RESPONSIBLE FOR AUDITING THE FINANCIAL STATEMENTS ...................................... 8 2.1 Statutory auditor ............................................................................................................................. 8 2.2 Alternate statutory auditor ............................................................................................................. 8 3. SELECTED FINANCIAL INFORMATION ................................................................................................. 10 4. RISK FACTORS ............................................................................................................................................ 17 4.1 Risks associated with the Group’s business sector ..................................................................... 17 4.2 Risks associated with the Group’s business activities ................................................................ 23 4.3 Risks associated with the Company ............................................................................................. 32 4.4 Market risks ................................................................................................................................... 35 4.5 Legal risks ...................................................................................................................................... 37 4.6 Risks associated with changes in accounting standards ............................................................. 41 4.7 Insurance and risk management .................................................................................................. 41 5. INFORMATION ABOUT THE GROUP ...................................................................................................... 46 5.1 History and development .............................................................................................................. 46 5.2 Capital expenditure ....................................................................................................................... 47 6. OVERVIEW OF THE GROUP’S ACTIVITIES ........................................................................................... 50 6.1 Overview ......................................................................................................................................... 50 6.2 Strengths and competitive advantages ......................................................................................... 53 6.3 Strategy ........................................................................................................................................... 61 6.4 Presentation of markets and competitive positioning ................................................................ 64 6.5 Overview of the Group’s core business ......................................................................................
Load more

Recommended publications
  • Directory – English
    SOUTHERN CALIFORNIA’S PREMIER SHOPPING DESTINATION SOUTH COAST PLAZA South Coast Plaza’s unparalleled collection of boutiques, department stores and award-winning restaurants, many of which are exclusive to California, attract visitors from around the world. South Coast Plaza’s reputation as one of the nation’s premier shopping destinations for fashion, design and dining grows stronger every year. Valentino ©2021 South Coast Plaza Considered one of Southern California’s most distinguished cultural, social and retail centers, South Coast Plaza is located within walking distance of the world-renowned Segerstrom Center for the Arts. NEW STORES & RESTAURANTS Baccarat 714.435.9600 CXI Currency Exchange International 714.957.5802 Dripp Coffee Bar 714.406.2118 Isabel Marant 714.708.2690 Louis Vuitton California Dream 866.884.8866 Loewe 714.464.7420 Monique Lhuillier 714.241.4432 Mulberry 949.508.2166 Orange County Museum of Art 714.780.2130 Psycho Bunny 714.462.4667 Reiss London 650.540.2054 Robin’s Jean 714.957.5799 Sunglass Hut 714.979.9139 Tag Heuer 714.435.2000 Tempur-Pedic 657.655.2703 Thom Browne 714.410.8485 Tiffany & Co. 714.540.5330 UNTUCKit 714.975.9250 Universal Appliance 949.284.1811 YellowKorner 714.435.2000 Zimmermann 949.274.7514 COMING SOON Audemars Piguet Fall 2021 Canada Goose Fall 2021 Pressed Juicery Fall 2021 Spring 2021 SOUTH COAST PLAZA AREA MAP The Bridge of Gardens The Bridge of Gardens crosses Bear Street, offering a spectacular view as it connects the two sides of South Coast Plaza. W MAGGIANO’S LITTLE ITALY PHILZ
    [Show full text]
  • Page 1 of 13 This Year 104 Million Shoppers Started Their Fashion Search on Lyst
    Page 1 of 13 This year 104 million shoppers started their fashion search on Lyst. We analysed the data; crunching the queries, page views and sales metrics across six million fashion products CONTENTS from over 12,000 online 1. MOVEMENTS Pg.03 stores, alongside the global 2. MOODS Pg.04 media coverage and social 3. MOMENTS Pg.05 4. POWER DRESSERS Pg.06 media mentions generated 5. BREAKOUT BRANDS Pg.07 6. LOGO OF THE YEAR Pg.07 by the year’s biggest brands 7. VIRAL PRODUCTS Pg.08 and trends. From streetwear 8. REVIVAL PRODUCTS Pg.08 9. WORLD'S MOST WANTED Pg.09 to spider brooches, Timothée 10. SNEAKER OF THE YEAR Pg.09 11. COLLABORATIONS Pg.10 Chalamet to Tevas, here’s 12. HOW WE SHOPPED Pg.11 what was trending in 2019. 13. NEXT YEAR IN FASHION Pg.12 Page 2 of 13 | Next: Movements 1. MOVEMENTS SUSTAINABILITY Searches including sustainability related keywords increased 75% year on year, with an average of 27,000 searches for sustainable fashion every month. Searches for specific sustainable materials rose; 102% for econyl, 52% for organic cotton, 130% for repreve and 42% for tencel. Sustainable denim and sneakers were the most wanted product categories. A number of brands launched meaningful sustainability initiatives this year, from paying closer attention to the materials used in their collections, to launching donation programmes and investing in re- commerce. INCLUSIVITY 2019 saw a number of vocal callouts against the industry’s lack of diversity and representation. Shoppers searched for fashion reflecting the needs and tastes of diverse communities; searches for adaptive and modest fashion rose 80% and 90% respectively.
    [Show full text]
  • 2020 ANNUAL REPORT Passionate About Creativity
    2020 ANNUAL REPORT Passionate about creativity Passionate about creativity THE LVMH SPIRIT Louis Vuitton and Moët Hennessy merged in 1987, creating the LVMH Group. From the outset, Bernard Arnault gave the Group a clear vision: to become the world leader in luxury, with a philosophy summed up in its motto, “Passionate about creativity”. Today, the LVMH Group comprises 75 exceptional Maisons, each of which creates products that embody unique craftsmanship, carefully preserved heritage and resolute modernity. Through their creations, the Maisons are the ambassadors of a refined, contemporary art de vivre. LVMH nurtures a family spirit underpinned by an unwavering long-term corporate vision. The Group’s vocation is to ensure the development of each of its Maisons while respecting their identity and their autonomy, by providing all the resources they need to design, produce and distribute their creations through carefully selected channels. Our Group and Maisons put heart and soul into everything they do. Our core identity is based on the fundamental values that run through our entire Group and are shared by all of us. These values drive our Maisons’ performance and ensure their longevity, while keeping them attuned to the spirit of the times and connected to society. Since its inception, the Group has made sustainable development one of its strategic priorities. Today, this policy provides a powerful response to the issues of corporate ethical responsibility in general, as well as the role a group like LVMH should play within French society and internationally. Our philosophy: Passionate about creativity THE VALUES OF A DEEPLY COMMITTED GROUP Being creative and innovative Creativity and innovation are part of LVMH’s DNA; throughout the years, they have been the keys to our Maisons’ success and the basis of their solid reputations.
    [Show full text]
  • LVMH Files Countersuit Against Tiffany the Conditions to Close the Acquisition Are Not Met
    LVMH files countersuit against Tiffany The conditions to close the acquisition are not met September 29th, 2020 LVMH filed yesterday its countersuit against Tiffany in Delaware Chancery Court. LVMH continues to have full confidence in its position that the conditions necessary to close the acquisition of Tiffany have not been met and that the spurious arguments put forward by Tiffany are completely unfounded. LVMH’s filing details the Company’s position on these matters and, among other things, outlines: • A Material Adverse Effect has occurred. The notable absence of a pandemic carveout in the definition of a Material Adverse Effect in the Tiffany Merger Agreement is clear. It was common before COVID-19 for transactions to contain a pandemic carveout. In the course of the negotiation, Tiffany sought and received carveouts for highly specific events, such as “cyberattacks”, the “Yellow Vest” movement and the “Hong-Kong Protests”. Yet Tiffany did not obtain a carveout for public health crises or pandemics. In contrast, hundreds of other merger agreements executed in the decade preceding the Merger Agreement contained express pandemic or epidemic carveouts. The pandemic, whose effects are devastating and lasting on Tiffany, has irrefutably caused a Material Adverse Effect. This clause alone would be enough to prevent the closing, but there are other arguments included below that reinforce LVMH’s position. • Tiffany breached its covenants to operate in the Ordinary Course of Business and to preserve its business organizations substantially intact. Tiffany’s mismanagement of its business constitutes a blatant breach of its obligation to operate in the ordinary course. For instance, Tiffany paid the highest possible dividends while the company was burning cash and reporting losses.
    [Show full text]
  • Global Mba with Major in Luxury Brand Management
    GLOBAL MBA WITH MAJOR IN LUXURY BRAND MANAGEMENT CV BOOK 2021 26TH ANNIVERSARY YEAR INTERNATIONAL RANKINGS BUSINESS #6 #3 #4 #5 EDUCATION 2020 European Master in Master in Executive Business School Management Finance Education Programs ESSEC BUSINESS SCHOOL Key fi gures ESSEC is a business school with ESSEC is a school with French Roots programs ranging from Bachelor that trains responsible leaders. to PhD, a wide range of Masters Being a responsible leader means programs including our fl agship Master being able to see beyond business in Management and Global MBA as usual. Responsible leaders are programs. ESSEC also o ers executive able to value long-term benefi ts education and custom training over short-term profi ts; they are able 62,OOO 7,O5O designed and developed on-demand to blend corporate performance graduates worldwide students in full-time undergraduate for our partners from the private with employees’ well-being. To and graduate programs sector. ESSEC holds the “Triple crown” prepare its students for the world of of accreditations for global business tomorrow, ESSEC’s pedagogy seeks education: EQUIS, AACSB and AMBA. to awaken and develop creative and critical thinking, together with 4 +1 39% +1oo Vincenzo Vinzi At the core of the ESSEC learning the learning-by-doing method. campuses in augmented international nationalities Dean and President experience is a combination of Responsible leaders are those who Cergy, Paris-La Défense, digital students represented of ESSEC Business School excellence and distinctiveness. can see the broader picture. Singapore and Rabat campus ESSEC’s unique educational model is based on education by experiences, ESSEC is a full ecosystem at the that foster the acquisition of crossroad of rigorous and relevant partner universities +1oo76 CREATED IN 19O7, ESSEC cutting-edge knowledge with the research, innovation, business and in 42 countries development of know-how and life society.
    [Show full text]
  • Visual Needs of Watch and Clockmakers, Part 3 Lucy Fuleki: Assistant Executive Director 26 Thomas J
    Flat Black Rubber Gasket ASSORTMENT Flat Black Rubber Gasket These popular Swiss Assortment made gaskets are available in 60 sizes! Assortments contain Use these plastic gaskets on Gucci, Omega and other 90 pieces or 180 popular makes. This new kit gives you the sizes you pieces. need and saves you time and money. Contains one each of 30 sizes, in a handy refillable box. Diameters from 0 18.50 mm to 0 33.0 mm. Swiss made. 95 95 #84.090 Assortment of 30 pieces .......... $59 #84.303 3 each of 60 sizes ... .......... 49 (reg. $64.95) '2995 #84.306 3 each of 30 sizes ........ ... .. Refills $3.25 ea. OR 3 pc., $2.90 ea. "0" Ring & Gasket #747 Silicone Speed Lubricator Lubricant The original speed lubricator for "O"rings, gaskets and small parts. Simply place part between foam pads and twist cover 1/2" turn. It's that fast! Lubricate "0" rings up to 2-1/2" in diameter. The foam pads are saturated with #747 Silicone grease. A tough, #747 Silicone Lubricant is resistant to oxidation, sticky, slippery, waterproof, thermal degradation and a broad range of synthetic grease that resists chemicals. This synthetic lubricant is odorless, washout. Great for use on waterproof, and is particularly useful for 0-rings rubber, plastic or metal. and gaskets. Made in USA. Made in USA. XTRACIL A complementary product to ensure the complete water resistance of any watch either for glasses with or without gaskets or case backs with gaskets. An exclusive and original product, easily applied to the part to be protected with the tip of a fine watch oiler.
    [Show full text]
  • Wvb Dossier Report Lvmh Moet Hennessy - Louis Vuitton Se
    WVB DOSSIER REPORT LVMH MOET HENNESSY - LOUIS VUITTON SE LVMH MOET HENNESSY - LOUIS VUITTON SE Generated On 22 Dec 2020 COMPANY PROFILE BUSINESS SALES BREAKDOWN WVB Number FRA000090103 Date 31-DEC-18 31-DEC-19 ISIN Number ARDEUT111929, FR0000121014, US5024412075 Currency EUR ('000) EUR ('000) Status ACTIVE [ PUBLIC ] FASHION AND LEATHER GOODS 18,455,000 22,237,000 SELECTIVE DISTRIBUTION 13,646,000 14,791,000 Country of Incorporation FRENCH REPUBLIC (FRANCE) PERFUMS AND COSMETICS 6,092,000 6,835,000 Industry Classification WINE,BRANDY & BRANDY SPIRITS (2084) WINE & SPIRITS 5,143,000 5,576,000 Address 22 AVENUE MONTAIGNE, PARIS, PARIS WATCHES & JEWELRY 4,123,000 4,405,000 Tel +33 144132222 OTHER AND HOLDINGS 714,000 1,214,000 Fax +33 144132223 ELIMINATIONS -1,347,000 -1,388,000 Website www.lvmh.fr Principal Activities The Company is a France-based luxury goods company. It owns a portfolio of luxury brands and GEOGRAPHIC SALES BREAKDOWN its business activities are divided into five segments: Wines and Spirits, Fashion and Leather Date 31-DEC-18 31-DEC-19 Goods, Perfumes and Cosmetics, Watches and Jewelry and Selective Retailing. Currency EUR ('000) EUR ('000) ASIE (HORS JAPON) 13,723,000 16,189,000 DIRECTORS/EXECUTIVES ÉTATS-UNIS 11,207,000 12,613,000 EUROPE (HORS FRANCE) 8,731,000 10,203,000 Chairman YVES-THIBAULT DE SILGUY AUTRES PAYS 5,323,000 6,062,000 Chairman BERNARD ARNAULT FRANCE 4,491,000 4,725,000 Chief Executive Officer BERNARD ARNAULT JAPON 3,351,000 3,878,000 Chief Financial Officer JEAN-JACQUES GUIONY Secretary MARC ANTOINE
    [Show full text]
  • Planteo De La Problemática De Tesis
    Departamento Académico de Administración Licenciatura de Administración de Empresas Alta Moda y Arte Contemporáneo: Fusión Con formato: Izquierda Con formato: Fuente: 16 pto, Negrita, “La utilización del arte contemporáneoLA UTILIZACIÓN Sin Cursiva DEL ARTE CONTEMPORÁNEO EN LA Con formato: Fuente: 16 pto CONSTRUCCIÓN DE MARCAS DE MODA DE LUJO Con formato: Fuente: Negrita, Sin CASO: LOUIS VUITTON en la construcción de marcas Cursiva de lujo” Comentario [TMF1]: Me quedaría solo Caso: Louis Vuitton con este título. yo quedaría con este segundo y borrador Alta Moda y Arte Contemporáneo: Fusión Con formato: Fuente: Negrita Con formato: Fuente: Negrita, Sin Cursiva Alumna: María Victoria Benaim Mentora: María Fernanda Tamborini Alta Moda y Arte Contemporáneo: FusiónLa utilización del arte contemporáneo en la construcción de marcas de moda de lujo. Caso: Louis Vuitton Octubre 2013 2 Alta Moda y Arte Contemporáneo: FusiónLa utilización del arte contemporáneo en la construcción de marcas de moda de lujo. Caso: Louis Vuitton Con formato: Color de fuente: Texto 1 Comentario [TMF2]: FIJATE DE CUIDAR EL MISMO TIPO DE LETRA. IndiceIndice ADEMAS FIJATE QUE HAY EN EL INDICE CAPITULOS COMO EL 4 QUE Capítulo 1: Introducción ................................................................................................ 433 ESTA SUBRAYADO Y OTROS NO. ESTO TIENE Q QUEDAR BIEN 1.1 Problemática ............................................................................................................................. 433 PROLIJO Con formato: Fuente: Negrita,
    [Show full text]
  • T 5 East 59Th Street 5 St 59Th Street
    5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET EXCLUSIVE LEASING AGENT: 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET EXCEPTIONAL FIFTH AVENUE 100’ BRANDING VISIBILITY OPPORTUNITY ENTIRE BUILDING AVAILABLE 5,000 SF GROUND FLOOR 22’ CEILING HEIGHT GROUND FLOOR 50’ FRONTAGE EXCLUSIVE LEASING AGENT: ROOF 0” ’ 13 GROUND FLOOR PENTHOUS E & TERRACE BASEMENT 5” ROOF TERRACE - 44'7" ’ 12 7TH FLOOR ” 9’ - 10 6TH FLOOR 5” - 12’ 5 TH FLOOR 75'2" T E 9” FE - ’ 0 12 10 4TH FLOOR 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 1” 1 - ’ 15 T E 3RD FLOOR FE 0 8 FLOORS 10 5,000 SF ” ’ - 11 +BASEMENT 15 2ND FLOOR VERTICAL BRANDING POTENTIAL ” PENTHOUSE 10 - ’ 2 2 ROOF TERRACE GROUND FLOOR 50 FEET SUPERIOR STREET FRONTAGE 50 FEET EXCLUSIVE LEASING AGENT: 59TH STREET ...FROM THE PLAZA ...THROUGH THE APPLE CUBE DELVAUX APPLE DELVAUX 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET WORLD-CLASS ...FROM MADISON AVENUE ...FROM BERGDORF EXPOSURE GOODMAN DELVAUX APPLE BALENCIAGA CELINE EXCLUSIVE LEASING AGENT: BERGDORF BARNEY’SBARNEY’S GOODMAN NEWNEW YORK MEN 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET 5 EAST 59TH STREET ONE BLOCK APPLE 8 NEW TENANTS DELVAUX THE PLAZA HOTEL PULITZER CENTRAL VAN CLEEF BERGDORF FOUNTAIN PARK GRAND ARMY PLAZA CENTRAL PARK & ARPELS GOODMAN FIFTH AVENUE CIPRIANI LOUIS HUBLOT BERGDORF DELVAUX PIERRE VUITTON GOODMAN APPLE MEN HOTEL SHERRY NETHERLAND SAINT TO BE HOTEL LAURENT UNDER 59TH STREET ARMOUR DAVID UNDERYURMAN BALMAIN AVRA ARMOURMIU MIU BURBERRY BALMAIN GM BUILDING PENDING DIOR J.M.
    [Show full text]
  • Client Advisor IME LVMH Program 2019 | 2020
    Client Advisor IME LVMH Program 2019 | 2020 Integrate the 2019/2020 Client Advisor program as an apprentice of the Institut des Métiers d’Excellence LVMH and join one of the LVMH Maisons: Berluti, Bulgari, CELINE, Chaumet, Christian Dior Couture, Fendi, Fred, Givenchy, Guerlain, Hublot, KENZO, Le Bon Marché, Louis Vuitton, Make Up For Ever, Marc Jacobs, Parfums Christian Dior, Sephora or TAG Heuer’s store in Paris or its suburbs and follow a training course entirely in English in apprenticeship at EIML Paris, 35, Quai André Citroën, 75015 Paris, starting in September 2019. Vocational Education Training The Institut des Métiers d’Excellence LVMH Client Advisor full English training program brings a new approach to vocational education training. It offers apprentices the following benefits: 1. An unprecedented teaching on the know-how of retail positions in the sectors of couture, fashion, leather goods, fur, watches, jewelry, perfumes, cosmetics or selective retailing, with real-life situations and learning through experience coupled with an English-language course and practical training in the LVMH Maisons’ stores. 2. Master Classes of the Institut des Métiers d’Excellence LVMH organized in the LVMH Maisons, about sales excellence in the luxury sector and customer experience know-how, with visits to stores and talks with sales experts. Certifications The Institut des Métiers d’Excellence, LVMH through the Client Advisor program, offers a complete and rigorous training, exclusive on-site work experience, and a dual certification to enhance graduates’ future employment prospects: / A Level II RNCP Certificate, accredited under the French Ministry of Employment and delivered by EIML Paris.
    [Show full text]
  • Press Release
    Press release Tiffany & Co. Stockholders approve Acquisition by LVMH Paris, February 4, 2020 LVMH Moët Hennessy Louis Vuitton SE (“LVMH”), the world’s leading luxury products group, announced that stockholders of Tiffany & Co. (NYSE: TIF) (“Tiffany”) have voted overwhelmingly to approve the previously announced merger agreement relating to the proposed acquisition of Tiffany by LVMH at a special meeting of Tiffany stockholders that was held today. According to the agreement announced on November 25, 2019, LVMH will acquire Tiffany, the global luxury jeweler, for $135 per share in cash, in a transaction with an equity value of approximately €14.7 billion or $16.2 billion. Bernard Arnault, Chairman and Chief Executive Officer of LVMH, commented: “This approval is a significant milestone as we move closer to completing our acquisition of Tiffany, an iconic company with a rich heritage and unique positioning in the global luxury jewelry market. A globally recognized symbol of love, Tiffany will be an outstanding addition to our unique portfolio of luxury brands. We look forward to welcoming Tiffany into the LVMH family and helping the brand reach new heights as an LVMH Maison.” The transaction is still expected to close in the middle of 2020, subject to the receipt of regulatory approvals and satisfaction or waiver of other customary closing conditions. LVMH LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Colgin Cellars, Hennessy, Glenmorangie, Ardbeg, Belvedere, Woodinville, Volcán de Mi Tierra, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun.
    [Show full text]
  • Nature's Remedy
    DIAne STARTInG GUn vOn GOLDen GLOBe nOmInATIOnS FURSTenBeRG WeRe ReveALeD THURSDAY — PRe-FALL, AnD THe HOLLYWOOD PAGe 12 ReD cARPeT FASHIOn RAce BeGAn. PAGe 11 WFRIDAY, DECEMBER 16,W 2011 ■ $3.00 ■ WoMEn’sD WEAR DAIlY Nat u re’s Remedy This winter, Aveda and Ojon are aiming to provide natural solutions for hair issues that have traditionally required heavy chemicals: Aveda, with its Invati line for thinning hair, and Ojon, with Super Sleek, a collection designed to deliver smooth hair without chemicals like formaldehyde. Both collections bow next month. For more, see page 6. PHOTO BY THOmAS IAnnAccOne in WWD ToDaY Kors Goes Ka-ChinG Ralph Lauren names Lalonde PAGE 2 NEWS: Ralph Lauren Corp. named former LVMH executive Daniel Lalonde head of its international operations. s Designer’s Shares Leap Beauty Sales Strong for Holiday PAGE 6 BEAUTY: While stores’ performance has been patchy, retailers expect to see growth in their On Wall Street Debut beauty sales at holiday, driven by celebrity were traded. given the more than 190 million fragrances. By lIsA loCkWooD shares outstanding, the closing price left kors with a market capitalization of $3.82 billion. Proenza Schouler Said Opening Store PAGE 12 “I’M FEElIng gREAt, ” said an exuberant, After the stock was priced, a press-wary FASHION SCOOP: The designers are said to be and newly flush Michael kors, after ring- Idol whisked kors and the team away, saying eyeing a spot on Madison Avenue for their first ing the opening bell of the new York stock securities and Exchange Commission rules freestanding store.
    [Show full text]