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Aerin Lauder
FEBRUARY 2020 AMERICA’S LEAST BORING BILLIONAIRES The STRANGE CASE of the VA NISHING PRINCESSES T&C’s FANCY SAFARI Guide HOW NOT TO RAISE A BRAT WELR JE Y TheThe RightRight WayWay toto SpendSpend YourYour Bonus!Bonus! A S W A R D Aine Jewelsrin that L Madeau Historyder JEWELRY AND THE MOB RIHANNA AND THE RENAISSANCE A DIAMOND TROUSSEAU THE T&C Jewelry AWA R D S The new masters and reigning champions who marked the year in jewels. The Major FROM TOP ANAKHOURI DIAMOND Breakthrough AND EMERALD EVA NECKLACE $461,000 ANA KHOURI HIGH JEWELRY DIAMOND AND PARAIBA TOURMALINE PHILLIPA NECKLACE $824,000, ANAKHOURI.COM It was the diamond and Paraiba tourmaline torque du jour of Paris Couture! The Brazilian designer Ana Khouri had already established herself as a skilled sculptor of metal and stones with ear cus and a Mirian semicircle ring that have become modern classics, but the Harmony High Jewelry Collection of diamonds and rare stones she showed this year at the Musée des Arts Décoratifs signaled the evolution of a rising talent into a celebrated DON PENNY, STYLED BY MIAKO KATOH MIAKO BY STYLED DON PENNY, member of the establishment. The ultimate getting-ready selfie: a white bathrobe and a 128-carat The Red Carpet diamond. Appearance LADY GAGA IN THE TIFFANY DIAMOND Was it the most expensive jewel ever worn to the Academy Awards? Worth a reported $30 million, it’s likely that Lady Gaga’s Tif- fany diamond necklace claims that title. (The previous record was held by Titanic actress Gloria Stuart’s $20 million Harry Winston blue diamond, inspired by the movie’s Heart of the Ocean.) But that was actually not why this particular diamond necklace sent jewelry experts into a frenzy on Oscar night. -
2018 Annual Financial Report 1 01 VA V2 24/06/2019 15:19 Page2
01_VA_V2 24/06/2019 15:19 PageI Translation of the French “Rapport financier annuel” Fiscal year ended December 31, 2018 01_VA_V2 24/06/2019 15:19 PageII 01_VA_V2 24/06/2019 15:19 Page1 Contents Management Report of the Board of Directors – Financière Agache group 3 1. The Financière Agache business model 3 2. Business overview, highlights and outlook 7 3. Business and financial review 27 4. Ethics and responsibility 43 5. Environment and sustainability 69 6. Attracting and retaining talent 85 7. Corporate philanthropy 101 8. Financial and operational risk management and internal control 107 Management Report of the Board of Directors – Financière Agache SA 121 1. Results of Financière Agache SA 122 2. Information regarding the Company’s share capital 123 3. Membership of the Board of Directors 123 Board of Directors’ report on corporate governance 125 1. List of all corporate offices and positions held by company officers 126 2. Summary of existing delegations and financial authorizations and use made of them 128 3. Authorizations proposed at the Shareholders’ Meeting 129 4. Information on the related- party agreements covered by Article L. 225- 37- 4 2° of the French Commercial Code 129 Consolidated financial statements 131 1. Consolidated income statement 132 2. Consolidated statement of comprehensive gains and losses 133 3. Consolidated balance sheet 134 4. Consolidated statement of changes in equity 135 5. Consolidated cash flow statement 136 6. Notes to the consolidated financial statements 138 7. Statutory Auditors’ report on the consolidated financial statements 202 Parent company financial statements: Financière Agache 207 1. Balance sheet 208 2. -
Case M.9695 - LVMH / TIFFANY
EUROPEAN COMMISSION DG Competition Case M.9695 - LVMH / TIFFANY Only the English text is available and authentic. REGULATION (EC) No 139/2004 MERGER PROCEDURE Article 6(1)(b) NON-OPPOSITION Date: 26/10/2020 In electronic form on the EUR-Lex website under document number 32020M9695 EUROPEAN COMMISSION Brussels, 26.10.2020 C(2020) 7540 final PUBLIC VERSION In the published version of this decision, some information has been omitted pursuant to Article 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. LVMH Moët Hennessy Louis Vuitton SE 22 avenue Montaigne 75008 Paris France Subject: Case M.9695 – LVMH/Tiffany Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 Dear Sir or Madam, (1) On 21 September 2020, the European Commission received notification of a concentration pursuant to Article 4 of the Merger Regulation resulting from a proposed transaction whereby LVMH Moët Hennessy Louis Vuitton (‘LVMH’ or the ‘Notifying Party’, France) intends to acquire control, within the meaning of Article 3(1)(b) of the Merger Regulation, of the whole of Tiffany & Co. (‘Tiffany’, USA) by way of purchase of shares (the ‘Transaction’). LVMH and Tiffany are referred to hereinafter as the ‘Parties’3. 1 OJ L 24, 29.1.2004, p. 1 (the “Merger Regulation”). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (“TFEU”) has introduced certain changes, such as the replacement of “Community” by “Union” and “common market” by “internal market”. -
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 -
Press Release 2021 LVMH PRIZE for YOUNG FASHION DESIGNERS: 8TH EDITION
Press release 2021 LVMH PRIZE FOR YOUNG FASHION DESIGNERS: 8TH EDITION LVMH ANNOUNCES THE LIST OF THE 9 FINALISTS Paris, 28th April 2021 The semi-final of the LVMH Prize took place from 6th to 11th April 2021. Twenty young designers selected among the 1,900 candidates from all over the world presented their collections on the digital platform lvmhprize.com. The committee of Experts of the Prize and, for the first time, the public as a new Expert, selected 9 brands for the final. These 9 designers will present their creations to the Jury on the occasion of the final which will be held in September at the Louis Vuitton Foundation, on a date to be announced later. The Jury of the LVMH Prize will choose the winners of the LVMH Prize and of the Karl Lagerfeld / Special Jury Prize among the finalists. The 9 finalists are: BIANCA SAUNDERS by Bianca Saunders (British designer based in London), menswear CHARLES DE VILMORIN by Charles de Vilmorin (French designer based in Paris) genderless collections CHRISTOPHER JOHN ROGERS by Christopher John Rogers (American designer based in New York), womenswear CONNER IVES by Conner Ives (American designer based in London), womenswear KIDSUPER by Colm Dillane (American designer based in New York), menswear KIKA VARGAS by Kika Vargas (Colombian designer based in Bogota), womenswear LUKHANYO MDINGI by Lukhanyo Mdingi (South African designer based in Cape Town), womenswear and menswear NENSI DOJAKA by Nensi Dojaka (Albanian designer based in London), womenswear RUI by Rui Zhou (Chinese designer based in Shanghai), genderless collections Delphine Arnault declares: "The all-digital semi-final this year, in the context of the health crisis, was a new opportunity to showcase the work of the designers. -
Public Version
EUROPEAN COMMISSION Brussels, 26.10.2020 C(2020) 7540 final PUBLIC VERSION In the published version of this decision, some information has been omitted pursuant to Article 17(2) of Council Regulation (EC) No 139/2004 concerning non-disclosure of business secrets and other confidential information. The omissions are shown thus […]. Where possible the information omitted has been replaced by ranges of figures or a general description. LVMH Moët Hennessy Louis Vuitton SE 22 avenue Montaigne 75008 Paris France Subject: Case M.9695 – LVMH/Tiffany Commission decision pursuant to Article 6(1)(b) of Council Regulation No 139/20041 and Article 57 of the Agreement on the European Economic Area2 Dear Sir or Madam, (1) On 21 September 2020, the European Commission received notification of a concentration pursuant to Article 4 of the Merger Regulation resulting from a proposed transaction whereby LVMH Moët Hennessy Louis Vuitton (‘LVMH’ or the ‘Notifying Party’, France) intends to acquire control, within the meaning of Article 3(1)(b) of the Merger Regulation, of the whole of Tiffany & Co. (‘Tiffany’, USA) by way of purchase of shares (the ‘Transaction’). LVMH and Tiffany are referred to hereinafter as the ‘Parties’3. 1 OJ L 24, 29.1.2004, p. 1 (the “Merger Regulation”). With effect from 1 December 2009, the Treaty on the Functioning of the European Union (“TFEU”) has introduced certain changes, such as the replacement of “Community” by “Union” and “common market” by “internal market”. The terminology of the TFEU will be used throughout this decision. 2 OJ L 1, 3.1.1994, p. -
Annual Report As of December 31, 2019
TRANSLATION OF THE FRENCH “RAPPORT ANNUEL” AS OF DECEMBER 31, 2019 Combined Shareholders’ Meeting June 30, 2020 This document is a free translation into English of the original French “Rapport annuel”, hereafter referred to as the “Annual Report”. It is not a binding document. In the event of a conflict in interpretation, reference should be made to the French version, which is the authentic text. Chairman’s message 2 Board of Directors’ report History 5 on corporate governance 147 Executive and Supervisory Bodies Statutory Auditors 1. Corporate governance 148 as of December 31, 2019 6 2. Compensation of company officers 170 Financial highlights 7 3. Summary of transactions in Christian Dior securities during the fiscal year by senior Management Report of the Board of Directors – executives and closely related persons 184 Christian Dior group 11 1. The Christian Dior business model 11 Financial statements 185 2. Business overview, highlights and outlook 15 Consolidated financial statements 185 3. Business and financial review 35 Parent company financial statements: Christian Dior 277 4. Ethics and responsibility 51 5. Environment and sustainability 77 6. Attracting and retaining talent 95 Other information 299 7. Outreach and giving back 109 1. Information regarding the parent company 300 8. Financial and operational risk management 2. Information regarding the capital 303 and internal control 115 3. Breakdown of share capital and voting rights 304 4. Market for financial instruments issued Management Report of the Board of Directors – by Christian Dior 307 Christian Dior parent company 133 1. Results of Christian Dior SE 134 Statement by the person responsible 2. -
PRESS RELEASE Repossi Partners with LVMH
PRESS RELEASE Paris, November 30, 2015 Repossi partners with LVMH The Italian jeweller Repossi is pleased to announce a partnership with the LVMH Group to support its development. LVMH will be taking a minority stake in Repossi. "I am very pleased to have the LVMH group’s support and unparalleled experience in the world of high quality crafted products. Its support will be important for us to pursue our strategy and develop our distribution network," stated Gaia Repossi, Artistic and Creative Director of Repossi. "LVMH is delighted to support the development of Repossi. We share common values which based on product excellence and outstanding creativity. Repossi’s success shows a promising future with which we are pleased to be associated” continued Delphine Arnault, Executive Vice President of Louis Vuitton and LVMH Director. Repossi was founded in Turin in 1920. It has emerged as an exclusive and creative luxury jeweller, which today is particularly well known for its iconic Berber collection and its multi-piercing earring. Nowadays following on from her father, Alberto Repossi, grandson of the founder of the Repossi brand, Gaia Repossi, Artistic and Creative Director of the house since 2007 is the fourth generation of the family running the business. Gaia Repossi’s creations are testament to her passion for modernising the DNA of the Housethrough her references to modern art and architecture whilst using the latest production techniques. LVMH and Repossi share common values: creativity, product excellence, an entrepreneurial and familial spirit which give priority to the long-term view. The two companies have decided to partner in order to enable Repossi to develop its distribution network whilst benefitting from the managerial know-how of the world’s leading high quality products Group. -
Consolidated Financial Statements
DECEMBER 31, 2020 FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED FINANCIAL STATEMENTS CONSOLIDATED INCOME STATEMENT 2 CONSOLIDATED STATEMENT OF COMPREHENSIVE GAINS AND LOSSES 3 CONSOLIDATED BALANCE SHEET 4 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 5 CONSOLIDATED CASH FLOW STATEMENT 6 NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 7 CONSOLIDATED COMPANIES 70 COMPANIES NOT INCLUDED IN THE SCOPE OF CONSOLIDATION 78 STATUTORY AUDITORS’ REPORT ON THE CONSOLIDATED FINANCIAL STATEMENTS 79 As table totals are based on unrounded figures, there may be discrepancies between these totals and the sum of their rounded component figures. This document is a free translation into English of the original French “Comptes consolidés – 31 décembre 2020”, hereafter referred to as the “Consolidated financial statements”. It is not a binding document. In the event of a conflict in interpretation, reference should be made to the French version, which is the authentic text. 1 Consolidated FINANCIAL statements Consolidated income statement CONSOLIDATED INCOME STATEMENT (EUR millions, except for earnings per share) Notes 2020 2019 2018 (a) Revenue 24‑25 44,651 53,670 46,826 Cost of sales (15,871) (18,123) (15,625) Gross margin 28,780 35,547 31,201 Marketing and selling expenses (16,792) (20,207) (17,755) General and administrative expenses (3,641) (3,864) (3,466) Income/(loss) from joint ventures and associates 8 (42) 28 23 Profit from recurring operations 24‑25 8,305 11,504 10,003 Other operating income and expenses 26 (333) (231) (126) Operating -
Global Powers of Luxury Goods 2020 the New Age of Fashion and Luxury Contents
Global Powers of Luxury Goods 2020 The new age of fashion and luxury Contents Foreword 3 Quick statistics 4 The new age of fashion and luxury 5 Top 10 highlights 17 Top 100 24 Geographic analysis 31 Product sector analysis 37 New entrants 42 Fastest 20 43 Study methodology and data sources 45 Endnotes 47 Contacts 50 Foreword Welcome to the seventh edition of Global Powers of Luxury Goods. At the time of writing, the COVID-19 pandemic has inflicted many losses: human, social and economic. What we are now experiencing is an unprecedented moment of crisis in modern history. However, it is during uncertain times that companies often come up with new ideas, converting the crisis into an opportunity, and adopting a long-term vision of future challenges. This prolonged disruptive situation is creating profound changes in consumer behavior and how companies are responding to these changes—prompting a debate about the future of the fashion and luxury industry. There is a general feeling of rethinking luxury and driving it in new directions, considering which business models will be feasible and more relevant in the new normal. Tradition and responsiveness, two elements that have always characterized luxury companies, will both be required to face great challenges in the post-COVID environment. We see the pandemic acting as a divider between the old way of doing business and the new scenario that is taking shape, characterized by changing consumer behavior. Hence, in this report, we talk about a new age for fashion and luxury and will explore the main trends that will drive the industry in the coming months. -
Lvmh Prize 2018 for Young Fashion Designers Lvmh
LVMH PRIZE 2018 FOR YOUNG FASHION DESIGNERS LVMH ANNOUNCES THE LIST OF THE 9 FINALISTS OF THE 2018 LVMH PRIZE FOR YOUNG FASHION DESIGNERS The fifth edition of LVMH Prize was once more a resounding success, with over 1,300 applications from over 90 countries from across the world. 9 designers were selected by 48 international fashion industry experts among the 20 semi-finalists who presented their collections in Paris, on March 1 and 2, 2018 (list enclosed). Those 9 designers are the LVMH Prize finalists. On Friday June 6, 2018, they will present their work at the Fondation Louis Vuitton to the jury of the Prize (list enclosed), who will determine the winner. The 9 finalists are (in alphabetical order): A-COLD-WALL by Samuel Ross (British designer based in London). Menswear showing in London. BOTTER by Rushemy Botter & Lisi Herrebrugh (Dutch designers based in Antwerp). Menswear showing in Paris. CHARLES JEFFREY LOVERBOY by Charles Jeffrey (British designer based in London). Womenswear and menswear showing in London. DOUBLET by Masayuki Ino (Japanese designer based in Tokyo). Gender-neutral fashion showing in Tokyo. ECKHAUS LATTA by Zoe Latta & Mike Eckhaus (American designers based in New York and Los Angeles). Womenswear and menswear showing in New York. KWAIDAN EDITIONS by Léa Dickely & Hung La (French and American-Vietnamese designers based in London). Womenswear showing in Paris. LUDOVIC DE SAINT SERNIN by Ludovic de Saint Sernin (French designer based in Paris). Gender- neutral fashion showing in Paris. MATTHEW ADAMS DOLAN by Matthew Adams Dolan (American designer based in New York). Gender-neutral fashion showing in New York. -
Translation of the French Financial Documents Fiscal
1_VA_V3 28/01/2019 13:34 PageI TRANSLATION OF THE FRENCH FINANCIAL DOCUMENTS FISCAL YEAR ENDED DECEMBER 31, 2018 1_VA_V3 28/01/2019 13:34 PageII CONTENTS EXECUTIVE AND SUPERVISORY BODIES; STATUTORY AUDITORS AS OF DECEMBER 31, 2018 1 FINANCIAL HIGHLIGHTS 2 HIGHLIGHTS AND OUTLOOK 4 SHARE CAPITAL AND VOTING RIGHTS 4 BUSINESS REVIEW AND COMMENTS ON THE CONSOLIDATED FINANCIAL STATEMENTS OF LVMH GROUP 5 COMMENTS ON THE CONSOLIDATED INCOME STATEMENT 6 WINES AND SPIRITS 10 FASHION AND LEATHER GOODS 11 PERFUMES AND COSMETICS 13 WATCHES AND JEWELRY 14 SELECTIVE RETAILING 15 COMMENTS ON THE CONSOLIDATED BALANCE SHEET 17 COMMENTS ON THE CONSOLIDATED CASH FLOW STATEMENT 18 CONDENSED CONSOLIDATED FINANCIAL STATEMENTS 21 CONSOLIDATED INCOME STATEMENT 22 CONSOLIDATED STATEMENT OF COMPREHENSIVE GAINS AND LOSSES 23 CONSOLIDATED BALANCE SHEET 24 CONSOLIDATED STATEMENT OF CHANGES IN EQUITY 25 CONSOLIDATED CASH FLOW STATEMENT 26 SELECTED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS 27 This document is a free translation into English of the original French “Documents financiers – 31 décembre 2018”, hereafter referred to as the “Financial Documents”. It is not a binding document. In the event of a conflict in interpretation, reference should be made to the French version, which is the authentic text. 1_VA_V3 28/01/2019 13:34 Page1 EXECUTIVE AND SUPERVISORY BODIES; STATUTORY AUDITORS AS OF DECEMBER 31, 2018 Board of Executive Performance Directors Committee Audit Committee Bernard Arnault Bernard Arnault Yves-Thibault de Silguy (a) Chairman and Chief Executive