PARIS – Continuing its expansion into hospitality and experiences, LVMH Moët Hennessy Louis Vuitton has invested in Les Domaines de Fontenille, the French boutique hotel group co-founded by a former fashion executive. The French luxury conglomerate has made a minority investment in the company alongside Anaïs Ventures, the investment fund led by Julien Firmenich, a … Read more
SMCP, the owner of contemporary labels Sandro, Maje and Claudie Pierlot, swung to a loss in the first half as it struggled in China and started to rework its operations. Net losses for the first six months of the year tallied 27.7 million euros, compared with earnings of 14 million euro a year earlier. Adjusted earnings … Read more
Following the quiet luxury trend, contemporary brands are focusing on craftsmanship, more curated collections and emphasizing quality. It was most evident in the SMCP stable of brands, Sandro, Maje and Claudie Pierlot. The trio all emphasized their French roots and vision, with the Pierlot brand hosting an interactive tour of its Paris design headquarters. Guests … Read more
PARIS — SMCP, the owner of contemporary labels Sandro, Maje and Claudie Pierlot, has reported a 78.2 percent drop in its net income for 2023, to 11.2 million euros, on the back of weak sales and increased costs. While sales for the period gained 2.1 percent at reported rates, to 1.23 billion euros, the company … Read more
