Economic unease shown by the Conference Board and downturn commentary from Morgan Stanley impacts US luxury spending.
2 reports, 1 independent
Updated Oct 6
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What happened
Economic unease shown by the Conference Board and downturn commentary from Morgan Stanley impacts US luxury spending.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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LVMH
French multinational luxury goods conglomerate
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Louis Vuitton
French fashion house and luxury retail company
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Morgan Stanley
U.S. investment bank
Related events
- LVMH owns the Louis Vuitton fashion house, and Bernard Arnault serves as its chief executive.
- LVMH owns Louis Vuitton, which has partnered with Pat McGrath for cosmetics. The two brands are now competing in the luxury cosmetics market against rivals like Hermès.
- Climate change and falling sales are impacting European fashion needs, specifically for Louis Vuitton.
- LVMH acquired Celine to manage its luxury market presence, while Michael Rider gained experience leading the revitalization of the Ralph Lauren brand, guided by Phoebe Philo.
- Louis Vuitton held a fashion show at the Louvre Museum.