LVMH has revealed the names of the 26 companies featured in the second edition of its ‘Start-up House’ technology incubator at Paris start-up campus Station F. Half of them also took part in the first edition.
Last year, Kering was in divestment mode (Puma, Stella McCartney, Christopher Kane), but the luxury group said it is ready to go ahead with new acquisitions in 2019, without however identifying its targets.
The UK subscription box market continues to go from strength to strength and the latest report on the sector, from parcels carrier Royal Mail, said it should reach a total value of £1 billion by as soon as 2022.
One would be forgiven for considering this weekend’s London Fashion Week as the Last Fashion Show, as the industry braces for the very real risk of a Brexit no deal and the likelihood of a slow but sure front-row exit.
The luxury group's leading label posted record results in 2018, and is expecting to grow at twice the market’s rate in 2019, reaching a 40% operating margin, as it prepares to launch a high jewellery line.