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FOUND: 4 | Mind Blowing Facts

Dior's revival rests on its historic appointment of Jonathan Anderson as creative director

"At 40, Jonathan Anderson has exceptional qualities combining creativity and savoir-faire," Dior chair Delphine Arnault told Fortune.

Fortune

Dior appoints Jonathan Anderson as sole creative director

Northern Irish designer, 40, becomes first to hold complete creative control of fashion house since Christian Dior

The Guardian - UK

Over a barrel: lack of sugar throws Cuba’s rum industry into crisis

This year’s tiny harvest casts doubt on the spirit’s recent resurgence, once a bright spot in the island’s economy

The Guardian - UK

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Italian Designer Maria Grazia Chiuri Out At Dior

Dior announced Thursday that Italian designer Maria Grazia Chiuri was stepping down as artistic director of the French fashion house's women's collection after almost a decade on the job.

International Business Times

Liberty Media and LVMH executives among F1 partners panels at Autosport Business Exchange: Monaco

Formula 1 and the Motorsport Network came together to host the sport’s latest partners at the Autosport Business Exchange: Monaco ahead of the race weekend in Monte Carlo.

Autosport

Why LVMH’s $1 billion Formula One bet is more than the average luxury partnership

As well as a timekeeper, Tag Heuer became the first title sponsor for the Monaco Grand Prix this year.

Fortune

“Shakespeare on wheels” – F1’s biggest ever partner on why the series captures the imagination

For the first time in its illustrious history, the Formula 1 Monaco Grand Prix has a title sponsor, with TAG Heuer claiming the distinct honour.

Autosport

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Chanel might hold off dividend payment for 2024 as profits tumble by 30%

The French tweed suit maker saw revenues and operating profits fall 4.3% and 30%, respectively, in 2024.

Fortune

Europe's wealthiest billionaire Bernard Arnault hopes to use his ‘modest means’ to convince the EU to negotiate better with the U.S.

LVMH CEO Bernard Arnault said EU-U.S. talks on tariffs need to be pursued “with the aim to succeed.”

Fortune

Balenciaga names Pierpaolo Piccioli creative director as fashion houses’ creative upheaval continues

Piccioli’s appointment comes after the departure of controversial former creative director Demna in March

The Guardian - AU

So what’s really going on at Stella McCartney?

A £25m loss, the closure of the Bond Street flagship — all is not well at the designer’s trailblazing label. But can she turn things around?

Evening Standard

Burberry may cut 1,700 jobs globally to reduce costs as profits fall

Struggling fashion brand to remove night shift at raincoat factory in Yorkshire, affecting about 170 posts

The Guardian - UK

LVMH's U.S. CEO is glad 'annoying' quiet luxury term has died

Anish Melwani, US CEO for LVMH, which owns Dior, Fendi, and Tiffany, is glad "quiet luxury" is over.

Fortune

Stella McCartney 'set to give up her flagship Bond Street store as losses mount'

Latest accounts filed by the company show annual losses of £25 million

Evening Standard

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Fortune

CFO of Europe’s most valuable company hopes trade war is a ‘wake-up call’ for the continent

SAP’s finance chief, Dominik Asam, hopes tariffs are a “wake-up call” that can kick-start Europe into building more tech giants.

Fortune

Europe’s richest man Bernard Arnault slammed the EU for failing U.S. negotiations—but von der Leyen says countries are 'lining up to work with us'

"It will be Brussels' fault" if LVMH produces more of its high-end goods in the U.S., Arnault warned.

The Guardian - UK

Show goes on for Ralph Lauren as fashion reels from Trump tariffs

With the sector bracing itself for a global trade war, investors may find comfort in a trusted pair of hands

Euronews

LVMH CEO criticises Brussels bureaucrats as US-EU tensions simmer

French businessman Bernard Arnault warned trade tensions with the US would wreak havoc on European businesses — criticising Brussels' negotiation skills.

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Euronews

How Trump’s tariffs are dampening hopes of a luxury sector revival

The global luxury sector, which has been facing slowing demand and an eroding customer base in the last several months, could be further hit by the escalating trade war between China and the US.

International Business Times

N.Ireland Designer Jonathan Anderson Takes Helm At Dior Men

French fashion giant Dior named the highly-rated designer Jonathan Anderson as creative director of Dior Men on Thursday.

Marie Claire

Jonathan Anderson is going to Dior Men

His debut collection will be this June

Fortune

LVMH says Sephora sales are slowing down in the U.S. because Amazon is 'very aggressive' in lowering prices 'and we try to avoid this technique'

Market uncertainty has also been having "some impact" on LVMH's beauty sales in recent weeks.

Fortune

Hermès leapfrogs LVMH to become Europe's most valuable luxury company after the Louis Vuitton owner reported downbeat results

“Some people want to do a bit like Hermès, but it doesn’t work out at the end of the day,” Hermès executive chair Axel Dumas said in February.

International Business Times

LVMH Sales Dip As Trump Tariffs Dent Luxury Tastes

Luxury giant LVMH saw sales fall two percent to 20.3 billion euros ($23 billion) in the first quarter of 2025 as US President Donald Trump's tariffs shook the global economy, the company said on Monday.

Fortune

LVMH sales slip 3% as luxury shoppers come face-to-face with tariff uncertainty

LVMH CFO Cécile Cabanis said, “Aspirational clientele is always more vulnerable in less positive economic cycles.”

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