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Media/publishing

LVMH backs growth of Hodinkee by taking part in $40M fundraising

December 4, 2020

Hodinkee sells a variety of exclusive watches as well as providing editorial content. Image credit: Hodinkee

 

By Luxury Daily News Service

French luxury conglomerate LVMH Moët Hennessy Louis Vuitton is one of a number of investors poised to reap the benefits of the rise of the watch platform Hodinkee, which succeeded in raising $40 million via a Series B funding round this week and tapped a new chief executive.

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  1. 42pc of American luxury shoppers buying high-end items as 'rewards': YouGov
  2. Mercedes-Benz adds celebrity touch to G-Class rollout
  3. La Mer appoints first male brand ambassador
  4. YSL Beauty adds Bahamas, Colombia to rewilding project scope
  5. Porsche named official electric vehicle of 2024 Met Gala
  6. Prada Group sees first quarter sales rise 16pc
  7. Double-digit growth streak continues at Hermès
  8. LVMH, CFDA launch Earth Week video series
  9. Nobu to open hotel, restaurant in East Cairo
  10. Gucci makes splash with 'Lido' collection
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