Jean-Jacques Guiony said that fashion leather dividend should benefit from a strong push from Mainland China in 2023.
Arnault has stated that the group will participate in the 6th China International Import Expo, which will be held in Shanghai from November 5th to 10th.
As the pandemic restrictions are lifted, consumer demand in the Chinese market is starting to recover. LVMH has stated that it expects the Chinese market to drive growth in 2023.
Jean Arnault, the 24-year-old son of Bernard Arnault, the head of LVMH Group, is leading the relaunch of Gérald Genta brand as the Head of Watch Marketing and Product Development at Louis Vuitton.
Vendorafa, founded in 1951 in Valenza, Italy, is a subsidiary of Lombardi Srl, which is majority-owned by the watch and jewelry division of the luxury conglomerate LVMH Group.
The repurchased shares will be canceled.
Daniel Roth is currently in full swing with product design and development, with plans to launch its first batch of new products in the second half of this year.
The two hotels are called Hotel Romazzino and Hotel Pitrizza, both located in the heart of Costa Smeralda.
In 2022, the group recorded revenue of € 79.2 billion and profit from recurring operations of € 21.1 billion, both up 23%.
This is not the first time LVMH Group has collaborated with Yan. Louis Vuitton, Dior, and BVLGARI have all invited Yan to create portrait pieces for them in the past.