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News briefs

Day’s wrap: LVMH, Salvatore Ferragamo, Porsche and The Macallan

October 12, 2021

Dior had a strong performance in Q3 2021 for LVMH. Image credit: Christian Dior


Luxury Daily’s live news for Oct. 12:

LVMH’s fashion and leather goods category achieves record revenue
French luxury conglomerate LVMH Moët Hennessy Louis Vuitton saw its third quarter 2021 revenues grow 20 percent year-over-year on an organic basis, continuing its growth trajectory.

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Ferragamo names Barney’s alum Daniella Vitale as CEO North America
Italy’s Salvatore Ferragamo Group has named two luxury industry veterans to its management structure, focusing attention in two key markets.

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Porsche Design announces new luxury hotel brand
Germany’s Porsche Design Group and Deutsche Hospitality are teaming to introduce a new luxury hotel concept.

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The Macallan brings together chocolate and whisky in new release
Scottish whisky maker The Macallan has unveiled an indulgent collaboration as it moves in a more sustainable direction.

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Sustainability needs to be inclusive, cross-functional: Burberry exec
More luxury brands and retailers are establishing circular cultures, from enhancing supply chains to leveraging technology to educate consumers about transparency.

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