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.

As of the close of January 17, LVMH’s stock price increased by 5.9% from the previous trading day to 797.4 euros.

It is the first exhibition in the annual calendar of the watch industry and intends to highlight the vitality of LVMH’s watchmaking brands and the entire watchmaking industry.

The workshop will be the third Louis Vuitton manufacturing facility in Tuscany and the largest in Italy entirely dedicated to making these products for Louis Vuitton.