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On Monday, LVMH-owned French luxury brand Givenchy announced that Matthew M. Williams, 34, would serve as the house’s creative director. Starting on June 16, Williams will take over Givenchy’s men’s and women’s lines. Like Virgil Abloh’s appointment at Louis Vuitton two years ago, Williams’ first major creative director role at Givenchy marks the rising influence […]

Three luxury fashion houses—Versace, Coach, and Givenchy—have issued apologies to Chinese consumers after t-shirts released by the respective brands allegedly undermined China’s territorial claims over Hong Kong, Taiwan, and Macau. Over the weekend, Versace apologized for a t-shirt that listed Hong Kong and Macau as independent countries rather than semi-autonomous, special administrative regions of China. Yang Mi, an […]

Bernard Arnault, the chairman of the French luxury goods conglomerate LVMH, has reached the threshold of becoming the third person worth over $100 billion, joining Bill Gates and Jeff Bezos. Arnault, who was already Europe’s richest person, is the continent’s first and only centibillionaire, according to CNBC.  Arnault cemented his place in the world’s most exclusive wealth […]