Comments on: Future Of Luxury Brand Groups http://www.psfk.com/2004/10/future_of_luxur.html Ideas & Trends Wed, 25 Nov 2009 05:15:58 -0800 http://wordpress.org/?v=2.8.4 hourly 1 By: Gucci News http://www.psfk.com/2004/10/future_of_luxur.html/comment-page-1#comment-5358 Gucci News Tue, 30 Nov 1999 00:00:00 +0000 #comment-5358 <p>Gucci fires CEO: http://www.forbes.com/business/feeds/ap/2004/10/20/ap1599925.html</p> Gucci fires CEO: http://www.forbes.com/business/feeds/ap/2004/10/20/ap1599925.html

]]> By: Guy Brighton http://www.psfk.com/2004/10/future_of_luxur.html/comment-page-1#comment-5359 Guy Brighton Tue, 30 Nov 1999 00:00:00 +0000 #comment-5359 <p>WHICH tipple will the directors of Moët-Hennessy, part of the luxury-goods group LVMH, choose to toast their acquisition this week of Glenmorangie, distiller of some of Scotland’s best-known whisky? As well as Glenmorangie, Glen Moray and Ardbeg, single malts that account for about 90% of the target company’s sales, the French buyer could, of course, choose its own Moët et Chandon or other upmarket champagnes, such as Dom Perignon and Krug, which it also happens to own. </p> <p>In future, Glenmorangie, which dates back to 1843, will sit alongside Moët-Hennessy’s other expensive brands, such as Hennessy cognac, the world’s fourth-biggest selling spirit, and Belvedere vodka, as well as a range of other luxury brands owned by LVMH. These include Louis Vuitton handbags and luggage, and Dior fragrances. Since Glenmorangie sells around 2m cases (each containing 12 bottles) of single-malt whisky a year, the deal should also contribute to Moët-Hennessy’s bottom line. Last year, Glenmorangie reported profits before tax of £9.57m ($15.64m), up 10% on the previous year. Moët-Hennessy is already talking about doubling Glenmorangie’s sales within a few years. </p> <p>http://economist.com/agenda/displayStory.cfm?story_id=3325096</p> WHICH tipple will the directors of Moët-Hennessy, part of the luxury-goods group LVMH, choose to toast their acquisition this week of Glenmorangie, distiller of some of Scotland’s best-known whisky? As well as Glenmorangie, Glen Moray and Ardbeg, single malts that account for about 90% of the target company’s sales, the French buyer could, of course, choose its own Moët et Chandon or other upmarket champagnes, such as Dom Perignon and Krug, which it also happens to own.

In future, Glenmorangie, which dates back to 1843, will sit alongside Moët-Hennessy’s other expensive brands, such as Hennessy cognac, the world’s fourth-biggest selling spirit, and Belvedere vodka, as well as a range of other luxury brands owned by LVMH. These include Louis Vuitton handbags and luggage, and Dior fragrances. Since Glenmorangie sells around 2m cases (each containing 12 bottles) of single-malt whisky a year, the deal should also contribute to Moët-Hennessy’s bottom line. Last year, Glenmorangie reported profits before tax of £9.57m ($15.64m), up 10% on the previous year. Moët-Hennessy is already talking about doubling Glenmorangie’s sales within a few years.

http://economist.com/agenda/displayStory.cfm?story_id=3325096

]]> By: Simon King http://www.psfk.com/2004/10/future_of_luxur.html/comment-page-1#comment-5360 Simon King Tue, 30 Nov 1999 00:00:00 +0000 #comment-5360 <p>LVMH to sell Christian Lacroix :<br /> http://news.agendainc.com/mt-agenda/content/archives/2005/01/lvmh_to_sell_ch.html</p> LVMH to sell Christian Lacroix :
http://news.agendainc.com/mt-agenda/content/archives/2005/01/lvmh_to_sell_ch.html

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