Nordstrom Opens Its Doors At The SoNo Collection In Norwalk, CT

This New Location Marks The Company’s Second Connecticut Store and The First Of Two East Coast Openings This Fall

This past week, leading fashion retailer Nordstrom, Inc. opened the doors to Nordstrom the SoNo Collection, the company’s second full-line store in Connecticut. The three-level, 140,000 square-foot store features the latest store design, a brand-new service concept, a new beauty and wellness experience, and a comprehensive offering of clothing, shoes and accessories for the entire family. The first Nordstrom store in Connecticut opened at Westfarms Mall in Farmington in 1997.

Nordstrom Incorporated Logo

The SoNo Collection (100 N. Water St, Norwalk, CT 06854 +1-203-299-0701) is a new 83-store strong shopping, dining, art, and entertainment destination located near I-95 in South Norwalk, Connecticut , just one hour outside of New York City. The SoNo Collection has a lot to offer, including an expansive selection of your favorite fashion retailers and an abundance of one-of-a-kind art and entertainment experiences in Fairfield County.

Nortdstrom’s newest store design concept includes lighter fixtures, more windows and natural light that connect the shopping experience to the outside world. The goal was to create spaces where customers want to spend their leisure time, to encourage a sense of discovery for new brands or styles they haven’t tried before.

Women’s apparel features fashion in a variety of price points including of-the-moment brands like rag & bone, Veronica Beard, FRAME, and Saloni; designer brands including Missoni, Carolina Herrera and Oscar de la Renta; and exclusive and limited distribution brands like Madewell, Topshop and more than 35 Nordstrom Made labels. In shoes, customers can find everything from Nike to Doc Martens to Christian Louboutin, including several Nordstrom Exclusive styles from Valentino, Prada, Golden Goose and Givenchy. The store also has four specialty handbag boutiques including Chloe, Longchamp, Givenchy and Mansur Gavriel.

Selection of Women’s Fashion at Nordstrom The SoNo Collection
Selection of Women’s Fashion at Nordstrom The SoNo Collection
Selection of Jeans at Nordstrom The SoNo Collection

Customers will also find the retailer’s latest beauty concept Nordstrom Beauty Haven, which highlights wellness, haircare and beauty tools with top trending brands and services to pamper customers from head-to-toe – whether they have 30-minutes or three hours. Services include:

  • Anastasia Beverly Hills Brow Suite: A boutique brow experience with experts trained to reshape and sculpt using the Anastasia method.
  • Base Coat Nail Salon: Featuring manicures and pedicures using plant-based and mostly chemical-free products.
  • Light Salon: This light bar service brings convenient and effective five to sixty-minute treatments to customers using the latest LED technology. The facial bar offers various treatments ranging from spot treatments to peels.

Additional beauty brands include dedicated boutiques by Chanel, Atelier Cologne, Diptyque, Jo Malone, and Kiehl’s, as well as Charlotte Tilbury, Sulwhasoo, Arcona, Herbivore, Kopari and La Mer.

Selection of Men’s Fashion at Nordstrom The SoNo Collection
Selection of boots in the Shoe Salon at Nordstrom The SoNo Collection

Men’s Shoes and clothing include designer brands like Ksubi, Norse Projects, and Christian Louboutin, as well as Madewell Men, Patagonia and Topman, to name a few. The Kid’s Wear department features Tucker + Tate, Miles Baby and Mini Boden, and the store also has an At Home department, a full-service bistro-style restaurant Bazille, and Ebar, for artisan coffee and snacks.

Selection of handbags at Nordstrom The SoNo Collection

We’re eager to welcome customers to showcase our latest store design and some of the company’s most exciting new beauty and service concepts, in addition to great fashion at a breadth of price points,” said Molly Carmody, Nordstrom the SoNo Collection store manager. “We can’t wait for customers to experience the best of what we have to offer and look forward to welcoming them right here in Norwalk.”

As the retail landscape continues to evolve, Nordstrom is looking to make shopping in-store and online a seamless experience that’s easy, convenient and serves customers on their terms. The answer? A new service concept called Express Services, launching at Nordstrom the SoNo Collection for the first time. This new department features a dedicated 2,700 sq. ft. area where customers can pick-up online orders, try them on, issue express returns and access in-store alterations and tailoring services all in one place. Additional services include Curbside Pickup, complimentary Personal Styling, bra and prosthesis fitters, and more.

Opening Day kicked off at 8 a.m. with Beauty Bash – a high energy beauty party – just outside the store’s SoNo Collection mall entrance. Customers enjoyed a preview of the store’s exciting cosmetics selection as well as one-on-one time with Nordstrom beauty experts who provided inside scoop on fall beauty trends. More than 320 employees welcomed customers when the doors officially opened at 10 a.m.

The night before opening, Nordstrom hosted Nordstrom Night Out – an opening party that raised more than $80,000 for Fairfield County’s Community Foundation and Domestic Violence Crisis Center. More than 1,000 guests were in attendance to experience an exclusive preview of the new store while enjoying cocktails, gourmet delights and desserts; entertainment from artists DJ Alkimist, Boutique Jazz and DJ Ian Wallace; fall fashion presentations and an opportunity to shop the season’s best looks.

At the end of the month, Nordstrom the SoNo Collection will be joined by Nordstrom NYC – the company’s first flagship store in New York City, opening October 24. NordstromThe Men’s Store NYC opened in April of 2018.

Premier LGBTQ Jeweler Love & Pride Launches on Bloomingdales.com

Love and Pride, the premier jeweler inspired by and in support of the LGBTQ community, is pleased to announce its launch on Bloomingdales.com.

(PRNewsfoto/Love and Pride)

Originally launched in 2005, Love and Pride is a jewelry brand that ties luxury style with an ethos of unity, love, and respect. Love and Pride is the first of its kind: a premium designer online shopping destination for people who believe in equality, diversity, and tolerance. Founder Udi Behr designs intricate accessories and fine jewelry made with precious metals and gemstones. The jewelry collections include engagement, commitment, wedding and anniversary rings, necklaces, pendants, earrings, watches, and other accessories for women and men. Sometimes romantic, sometimes serious, sometimes whimsical. Styles available on Bloomingdales.com include rings crafted in 14k white, yellow and rose gold, many of which are complete with glittering diamond insignias.

The first LGBTQ jewelry line to be sold at a major department store, the occasion marks a milestone for Behr. “Throughout my long journey building a brand that stands for equality and supports the LGBTQ community, I have had moments of triumph and moments of great challenge,” he says. “Getting Love and Pride into amainstream retailer has been on my list from the moment we embarkedon this journey in 2005. Having my collection in Bloomingdale’s is a triumph for all; for me personally, for Bloomingdale’s as a brand and for the LGBTQ community.”

Despite its only recent entrance into the mainstream market, Love and Pride have long been celebrated for its dedication to supporting the LGBTQ community. Honored with some of the most highly-esteemed industry awards, the brand’s accolades include the Marriage Equality USAAward; Matthew Shepard Foundation Essential Piece Award; and JCKDesigner of the Year Award.

A former paratrooper turned award-winning jewelry designer, Udi Behr is a native of Israel who lived through three wars determined to create things of beauty and promote peace. After learning his trade in theTel Aviv diamond industry, Udi’s fame as an original designer took off upon his arrival in New York City in 1983.

Udi has won acclaim everywhere from The New York Times to People Magazine for his iconic love and pride jewelry, including Designer of the Year honors from Luxury Magazine and the Matthew Shepard Foundation’s Essential Piece Award, recognizing his continued support for the LGBT community in the workplace and beyond. His jewelry collections have been showcased in leading retail stores such as Saks Fifth Avenue, Fortunoff’s and Macy’s, and worn by celebrities including EltonJohn, Ringo Starr, Jay Leno, Paula Abdul, Ludacris, Pam Grier, Gwen Stefani, Cyndi Lauper, Sharon Stone, and Paris Hilton.

Love and Pride also featured collections for television series “The L Word,” “Queer as Folk,” “Dexter,” “True Blood” and “Star Trek.

Shop Love and Pride now on Bloomingdales.com.

Lightbox Lights Up New York With A Holiday Pop-Up

Lightbox, the laboratory-grown diamond jewelry company from the DeBeers Group, kicked off CyberWeek 2018 with the opening of their first pop-up activation, now through December 2,  at The Oculus, Westfield World Trade Center on Monday morning.

The innovative new laboratory-grown diamond jewelry company from De BeersGroup gives consumers an interactive experience for Cyber Week

Lightbox is the innovative new company offering consumers fashion jewelry featuring high-quality pink, white and blue laboratory-grown diamonds at transparent and accessible prices. The company is the only brand that sources lab-grown diamonds from Element Six, the world’s leading lab-grown diamond producer, based in Oxford, England, and built on more than 50 years of groundbreaking innovation. Lab-grown diamonds share the same physical, chemical and optical characteristics as rare, natural diamonds. But the process needed to create them is different from nature, so while they are neither as valuable or precious, they are just as sparkly. A tiny piece of lab-grown diamond, rather like a seed, is placed into a plasma reactor. Then heat that plasma to 4000 Kelvin (over 6000 degrees Fahrenheit).

Guests at The Lightbox pop Up at The Oculus, Westfield World Trade Center 

Gradually the tiny crystal grows. After around 400 hours, it’s big enough to cut into a polished stone. And if they desire a bigger stone, they simply run the process for longer. They can now play with chemistry, time and temperature to make a lab-grown diamond in different colors. The very same lab-grown diamond can then be used in many cutting-edge technologies, from today’s finest audio systems to tomorrow’s quantum computers. Element Six have pioneered the use of lab-grown diamond in multiple applications, from the sharpest surgical blade to the unrivaled speaker ‘tweeters’ used in Abbey Road studios.(*Learn more at www.lightboxjewelry.com.)

Lightbox is the innovative new company offering consumers fashion jewelry featuring high-quality pink, white and blue laboratory-grown diamonds at transparent and accessible prices.

For Cyber Week, shoppers will have the opportunity to experience the launch collection from Lightbox (currently only available online) featuring pretty pendants and stud earrings with sparkly lab-grown diamonds in blush pink, pale blue and traditional icy white. The jewelry is set in either silver or rose gold and Lightbox’s easy-to-understand linear pricing model is highlighted within the space, making purchasing a lab-grown diamond easier than ever. Prices start at just$200 for a quarter carat and range up to $800 for one-carat total weight, plus the cost of the setting.

The Lightbox Pop Up at The Oculus, Westfield World Trade Center 

Visitors to the pop-up can engage with a customized styling display and try on jewelry from the collection. Brand ambassadors will be on hand to facilitate online orders through the Lightbox website and all orders placed at the pop-up will receive free expedited shipping. The pop-structure also features an interactive selfie video wall where visitors can share a moment.

Lightbox General Manager Steve Coe and Head of Marketing Sally Morrison were joined by models from the brand’s advertising campaign for a lighting ceremony at the 20′ x 20’light-filled structure.

2018 Holiday Gift Guide: Lands’ End Makes It an Easier and Merrier 2018 Holiday Season Filled with Great Gifts, Traditions, and Warmth

Look to Lands’ End for a social, snuggable, shoppable and smart holiday seasonLands End Heritage Logo

There are gifts, and then there are gifts from Lands’ End. Each item is thoughtfully designed, meticulously crafted and made-to-order with ease so that the gift giver and recipient alike can experience the delight of quality, the heart of five-star customer service and the integrity of a company that cares. Lands’ End today unveils its 2018 Holiday and Christmas Collection filled with something special for everyone on the list. The complete collection can be found in the Holiday Shop at landsend.com.

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With its new Scientific Warmth Ratings Guide Families on Outerwear Choices, Lands’ End Offers a Coat for Every Level of Warmth this holiday season

There’s a quality at Lands’ End that permeates everything we do. From our designers to the pickers and packers in the warehouse, we carry with us the heart of first-rate customer service. We strive to make the holiday season easier for busy families with quality gifts that they’ll be proud to present,” said Gill Hong, EVP, chief merchant and head of international at Lands’ End.

Lands’ End offers timeless, classic style and is a part of many family traditions with gifts such as fine cashmere sweaters and our handstitched, personalized Needlepoint Stockings. But we’re also modern, with gift ideas that are social media friendly, easy to shop and heartwarming during this busy season, making Lands’ End the smart stop for all our customers’ holiday shopping.”

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Lands’ End Makes It an Easier and Merrier 2018 Holiday Season Filled with Great Gifts, Traditions, and Warmth

Social Snapshots

‘Tis the season for sharing memorable moments on social media. Soon, pages and profiles will be lit up with holiday scenes including favorite gift ideas. Lands’ End offers gifts ideas for social media mavens that will look great when scrolling on smartphones and tablets.Hol_hires_1

For a primo family photo “op,” family Christmas pajamas in the same Rich Red Multi Plaid will look fantastic for the Christmas day around-the-tree shots. Kids’ graphic tees in holiday themes including snowflakes, a Christmas tree and snow plows bring personality to holiday baking pics. For outdoor snow play shots, consider colorful down coats and jackets with faux fur trim around the hood along with vivid, cold-weather accessories including the Fair Isle Stripe Scarf, Beanie Hat and Convertible Mittens. Buffalo Check in red and navy can be seen throughout the Lands’ End gift collections in sweaters, wraps, slippers, accessories and more. This pattern stands out in just about any photo and brings the holiday spirit. Felt Animal Slippers for women with delightful creatures such as a sheep, polar bears, and even a cow will pop on the page when shown photographed alongside the Kids Critter Slippers with a snowman, a penguin and more.

Even the family dog has a place at Lands’ End. Look for a complete collection of dog vests, dog beds, collars, leashes and even dog treats and a new Pup Tent at Lands’ End. Since pets are special, plus make the most adorable photos, customers are encouraged to tag their dog sporting the latest looks from Lands’ End with #LandsEndPets. Continue reading

2018 Holiday Gift Guide: Find the Ultimate Gift for Everyone on Your List at Macy’s This Holiday Season

All Images Provided by Macys/Businesswire

As the holiday gift destination, Macy’s offers a festive assortment of the perfect gifts for him, her, kids and home, including fashion, accessories and beauty, that will bring joy and style to all

Macy’s is channeling the spirit of giving through a special selection of the latest and greatest gifts for everyone on your list. Shoppers can get started early this year and find the perfect gift with the help of Macy’s Gift Guide, curated by Macy’s Fashion Office experts. Whether it’s cozy and warm or shiny and glam, this season’s gifts will delight family, friends and co-workers alike. Plus, find inspiration for both your coziest and most glamorous looks – depending on the mood, and home entertainment tips that will add that holiday cheer.macys_logo

The holidays are our favorite time of the year at Macy’s,” said Durand Guion, group vice president, Macy’s Fashion Office. “As the gift destination, we believe in the wonder of giving and are excited to help our shoppers find the perfect gift. Our fashion directors have highlighted the very best selection of fashion, beauty, and home, with trend pieces that are not only versatile but also inspiring, whether they’re for gifting, dressing or entertaining.

For Her

Cold weather essentials make the perfect gift from Macy_s this holiday season; DKNY bold logo puffer jacket, $169

Cold weather essentials make the perfect gift from Macy’s this holiday season; DKNY bold logo puffer jacket, $169

Upgrade her closet this holiday with special pieces for both cozy nights in as well as glam evenings out on the town. Macy’s is the style destination for all things holiday fashion, from festive party, looks to chic gifts for loved ones. For the trendsetter on your list, add a little sparkle to her winter look with a metallic jacket from Tommy Hilfiger and multi-colored statement earrings from I.N.C. Wrap up the look with quilted puffer scarves, hats, and gloves from DKNY. Bold logos are a statement-making must for all occasions, from cozy matching DKNY velour sets to luxe Michael Kors handbags with eye-catching hardware. Top off the look with sparkly party heels by I.N.C. or trendy hair accessories from Deepa by Deepa Gurnani. Coziness is definitely in and faux fur is most definitely on her wish list this season. Soft teddy coats from Style & Co. and Kensie will keep her warm in the cold, while I.N.C.’s playful slippers will have her stylishly covered at home. For comfy but elegant sleepwear, Lauren Ralph Lauren’s satin pajamas are the ultimate gift. To add even more shine and glam to the holiday season, think diamonds. The bezel-set slide diamond bracelets from EFFY will bring casual luxury to her everyday look and timeless diamond hoops will keep her glowing all year-round. For the extra special person, select the gift of love from the Grown With Love program, which offers an award-winning, stunning lab-grown diamond selection. This gift is sure to make the holidays brighter.

For Him

Macy_s gives the gift of great style with a statement dinner jacket by I.N.C., $129.50

Macy’s gives the gift of great style with a statement dinner jacket by I.N.C., $129.50

Make it effortless for him to dress the part this holiday season with statement dinner jackets by Bar III and Tallia, and bold smoking slippers from I.N.C. For formal holiday dressing, top it off with a velvet tie from Ryan Seacrest Distinction. Bright logo sweatshirts from Tommy Hilfiger and the softest plaid Levi’s flannel shirts are perfect for the guy who loves a more casual cool look. Give him the gift of warmth during tailgates in the dropping winter temps with quilted puffers from Calvin Klein, finished off with color-blocked knit beanies from Polo Ralph Lauren and hiking boots from Bar III. For a polished holiday look, try shawl collar sweaters from American Rag or textured cashmere from Tasso Elba. Watches are the perfect gift for your favorite guy, and no matter his taste, black-on-black styles from his favorite brands like Tag Heuer and Bulova add a modern touch. For the modern tech man, gift him the latest Apple Watch, replete with all the functionality and technology he could ever want. Continue reading

David Yurman Debuts Fall 2018 Advertising Campaign

In his first campaign as Chief Creative Officer, Evan Yurman commissioned longtime David Yurman collaborators Peter Lindbergh, Alex White, and campaign art director David Lipman for a campaign that captures the beauty in everyday moments of life.

David Yurman - Peter Lindbergh

David Yurman Fall 2018 Ad Campaign by Peter Lindbergh

Shot at the iconic GoldenEye Resort in Oracabessa, Jamaica, the campaign stars returning David Yurman model Amber Valletta, as well as Anna Ewers, Joan Smalls, and newcomers to the brand Ashley Graham, Meghan Roche, Florence Clapcott, and Cobi. The diverse group of seasoned and new models was chosen to reflect who the David Yurman client is at different stages in their lives in those everyday moments.

In his first-ever brand campaign, Evan Yurman pays homage to the iconic campaigns that the brand has produced in the past while establishing his vision for the future. Its theme of “Celebration” comes from the launch of the first David Yurman lifestyle campaign in 2001, shot by Lindbergh and featuring Amber Valletta and Patti Hansen. Choosing to combine veteran collaborators and fresh contributors is a reflection of the brand’s philosophy. The David Yurman brand is both timeless and contemporary, ever-evolving and dedicated to the power of creativity.

My vision for this campaign drew from the original intent of the first campaign when we were celebrating life’s exceptional moments,” says the younger Yurman. “This campaign is a continuation, as it captures the beauty in everyday moments of life. It’s about capturing the ease and beauty, and the dynamism of the six women and the male artist who we chose to represent the brand.”

The images evoke timeless artistry fused with American innovation and feature pieces from existing collections Continuance, Pavéflex, Solari, DY Bel Aire and Barrels, and the new Tides collection. The Tides collection’s designs are contemporary sculptural forms that express the rhythms of ocean tides and the continuous motion of waves.

This campaign was born out of passion for life, which the Yurmans have always had. The Yurmans, first David and Sybil and now Evan, have always been about a celebration. It’s amazing to work with Evan on this now because it’s so clear that he shares the same passion for life and art that his parents have,” says Lipman. “It’s great to be back with this team that has worked together so well in the past and to sees the direction that Evan is taking the brand. The core values of the campaign remain the same, but you can truly feel Evan’s passion and his take throughout this new campaign.

The GoldenEye Resort represents a certain relaxed luxury that is captured in David Yurman jewelry and an expression of ease that couldn’t come as naturally elsewhere. The beautiful, natural setting of Jamaica with the I put a spell on you by Mykal Rose with Sly and Robbie. ‘Red, Gold, Green & Blue’: Trojan Records Jamaica © soundtrack created a perfect backdrop to celebrate the creativity of the new collections and capture the moments of life with authenticity and bliss.

David and l have always worked towards having the imagery evoke joy, lightness, and life. It’s a spirit of playfulness yet sophistication, and to signal empowerment and confidence,” says Sybil Yurman, Co-Founder and Chief Brand Officer, David Yurman. “Evan understood the importance of getting the right people on set, with the right jewelry, in the right location. The models brought the jewelry to life for the first time, and this campaign will go on to inspire us all in the creative process.”

CAMPAIGN CREDITS:

  • Chief Creative Officer: Evan Yurman
  • Photography: Peter Lindbergh
  • Models: Amber Valletta, Ashley Graham, Joan Smalls, Anna Ewers, Meghan Roche, Florence Clapcott, Cobi
  • Stylist: Alex White
  • Hair Stylist: Odile Gilbert at Exposure NY
  • Makeup: Tom Pecheaux
  • Art Director: David Lipman
  • Location: GoldenEye Resort, Oracabessa, Jamaica

The Business of Fashion: LVMH Moët Hennessy Louis Vuitton Announces Record 2016 Results

LVMH Moët Hennessy Louis Vuitton, the world’s leading luxury products group, recorded revenue of €37.6 billion in 2016, an increase of 5% over the previous year. Organic revenue growth was 6%.lvmh-moet-hennessy-louis-vuitton

In the fourth quarter, revenue increased by 9% compared to the same period of 2015. Organic growth was 8%. The American market remains on a good track as does Europe. Asia, excluding Japan, continued its good momentum.

Profit from recurring operations reached €7 billion in 2016, an increase of 6%, to which all business groups, apart from selective distribution, contributed. This result compares to 2015 which was itself a year of growth. Operating margin reached 18.7%. Group share of net profit was €3 981 million, representing growth of 11%.

Bernard Arnault, Chairman and CEO of LVMH, said: “LVMH achieved an excellent performance in 2016 within a context of geopolitical and economic instability. Continued innovation, entrepreneurial spirit and the quest for excellence: all Maisons continue to assert these core values while maintaining rigorous execution of their strategies on the ground. In an environment which remains uncertain, we can count on the appeal of our brands and the agility of our teams to strengthen, once again in 2017, our leadership in the universe of high quality products.

Key highlights from 2016 include:

  • Record revenue and profit from recurring operations
  • Growth in the United States, Europe and Asia
  • Good performance of Wines & Spirits in all regions
  • The success of both iconic and new products at Louis Vuitton, where profitability remains at an exceptional level
  • Progress at Fendi
  • The sale of Donna Karan and the acquisition of Rimowa, a leader in luggage of excellence
  • Good momentum at Parfums Christian Dior driven by successful product innovations
  • Market share gains at Bvlgari and TAG Heuer
  • Growth at Sephora which strengthened its position in all its markets and in digital
  • Free cash flow of €3 974 million, an increase of 8%
  • Gearing of 12% at end of December 2016

WINES & SPIRITS: GOOD YEAR WITH PROGRESS IN THE UNITED STATES AND REBOUND IN SHIPMENTS TO CHINA

The Wines & Spirits Business Group recorded an increase in organic revenue of 7 %. On a reported basis, revenue growth was 5 %. Profit from recurring operations increased by 10 %. With volumes up 3%, solid growth continues for champagne and prestige cuvees performed particularly well. Hennessy cognac enjoyed an excellent year with 10% volume growth. The American market is growing well and China saw better momentum after a tough 2015 due to destocking by distributors. Other spirits, Glenmorangie and Belvedere, continued their growth.

LVMH Moët Hennessy Louis Vuitton is represented in Wines and Spirits by a portfolio of brands that includes Moët & Chandon, Dom Pérignon, Veuve Clicquot Ponsardin, Krug, Ruinart, Mercier, Château d’Yquem, Domaine du Clos des Lambrays, Château Cheval Blanc, Hennessy, Glenmorangie, Ardbeg, Belvedere, Chandon, Cloudy Bay, Terrazas de los Andes, Cheval des Andes, Cape Mentelle, Newton, Bodega Numanthia and Ao Yun.

FASHION & LEATHER GOODS: GOOD PERFORMANCE OF LOUIS VUITTON, OTHER BRANDS STRENGTHENED THEIR POSITIONS

The Fashion & Leather Goods Business Group recorded organic revenue growth of 4% in 2016. On a reported basis, revenue growth was 3 %. Profit from recurring operations increased by 10%. Louis Vuitton had a good year driven by the level of creativity across all its businesses. The continued success of its iconic product range and the strong demand for recent creations such as the new luggage designed by Marc Newson and the Louis Vuitton fragrances, all contributed to this growth. Fendi recorded robust growth crossing the symbolic revenue threshold of 1 billion euros during the year. Loro Piana continued to expand its distribution network and opened a flagship store in Paris. Céline, Loewe and Kenzo all continued to grow. Marc Jacobs continued to work on changes to its collection. Donna Karan was sold in December to the American G-III group. Rimowa, world leader in luggage of excellence, joined the LVMH group.

Its Fashion and Leather Goods division includes Louis Vuitton, Céline, Loewe, Kenzo, Givenchy, Thomas Pink, Fendi, Emilio Pucci, Marc Jacobs, Berluti, Nicholas Kirkwood, Loro Piana and Rimowa.

PERFUMES & COSMETICS: CONTINUED SUCCESS OF INNOVATIONS; EXCELLENT PERFORMANCE IN MAKEUP

The Perfumes & Cosmetics Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 6%. Profit from recurring operations increased by 5%. The inauguration of the new atelier for the creation of fragrances, Les Fontaines Parfumées, at Grasse was a highlight of the year. Parfums Christian Dior grew market share in all regions, driven by the worldwide success of Sauvage and the vitality of its iconic perfumes J’adore and Miss Dior. The progress of makeup also contributed to the Maison’s excellent performance. Guerlain benefitted from the successful launch of its new makeup collection inspired by its fragrance La Petite Robe Noire. Benefit experienced strong growth driven by the success of its new collection for eyebrows. Make Up For Ever, Fresh and Kat Von D performed well.

LVMH is present in the Perfumes and Cosmetics sector with Parfums Christian Dior, Guerlain, Parfums Givenchy, Kenzo Parfums, Perfumes Loewe as well as other promising cosmetic companies (BeneFit Cosmetics, Make Up For Ever, Acqua di Parma and Fresh).

WATCHES & JEWELRY: MARKET SHARE GAINS FOR BVLGARI AND TAG HEUER

The Watches & Jewelry Business Group recorded organic revenue growth of 5%. On a reported basis, revenue growth was 5%. Profit from recurring operations increased by 6%. Bvlgari continued to gain market share with enhancements to its Serpenti, Diva and B.zero1 lines. Growth continued in China, Korea and in the Middle East. TAG Heuer grew despite a difficult market for watches, gained market share and benefitted from the success of its new collections and its connected watch. Hublot accelerated its development in Asia and recorded the best year in its history. Chaumet continued to move its product lines upmarket and inaugurated a new boutique concept in Hong Kong.

LVMH‘s Watches and Jewelry division comprises Bulgari, TAG Heuer, Chaumet, Dior Watches, Zenith, Fred, Hublot and De Beers Diamond Jewellers Ltd, a joint venture created with the world’s leading diamond group.

SELECTIVE RETAILING: GOOD PERFORMANCE AT SEPHORA, DFS IMPACTED BY A DIFFICULT TOURISM CONTEXT IN ASIA

The Selective Retailing Business Group recorded organic revenue growth of 8%. On a reported basis, revenue growth was 7%. Profit from recurring operations declined by 2%. Sephora gained market share across all regions and once again recorded double-digit growth in both revenue and profits. More than a hundred stores were opened in 2016 including notably a flagship store in the World Trade Center in New York and major renovations in Boston and Singapore. Its online offer accelerated with the launch in six new countries. DFS continued to face a difficult environment, notably in Hong Kong. The expansion into new destinations continued. The opening of the T Galleria in Angkor in Cambodia and one in Venice, Italy were the highlights of the year.

LVMH is also active in selective retailing as well as in other activities through DFS, Sephora, Le Bon Marché, La Samaritaine, Royal Van Lent and Cheval Blanc hotels.

Key figures:

             
Euro millions    

2015

 

2016

 

% change

Revenue    

35 664

 

37 600

 

+ 5 %

Profit from recurring operations    

6 605

 

7 026

 

+ 6 %

Group share of net profit    

3 573

 

3 981

 

+ 11 %

Free cash flow*    

3 679

 

3 974

 

+ 8 %

Net financial debt    

4 235

 

3 265

 

– 23 %

Total equity    

25 799

 

27 903

 

+ 8 %

* Before available for sale financial assets and investments, transactions relating to equity and financing activities Continue reading