LVMH Annual Report

Fendi reinforced its retail network and reaffirmed its commitment to preserving expertise with an exhibition in Rome and strong involvement in LVMH’s Institut des Métiers d’Excellence. Growth at Loro Piana was driven in particular by the success of its recent collection, The Gift of Kings , made from the world’s finest wool, an emblem of the excellence of the rawmaterials sourced by the company. Its Baby Cashmere, another exceptional material, celebrated its 10th anniversary at a series of pop-up stores around the world. Footwear turned in an excellent performance. The brand focused on developing women’s ready- to-wear and the customer experience in a network of stores whose expansion remained selective. Celine ’s momentum remained strong, driven by the ongoing success of its leather goods lines. It embarked on a new phase in its development with the arrival of Hedi Slimane as Artistic, Creative and Image Director. In September, his first runway show was a great success and had a huge impact in the fashion world. Givenchy was boosted by the success of Clare Waight Keller’s first collections, available in boutiques starting in February. The design of the Duchess of Sussex’s wedding gown substantially raised its brand exposure. Clare Waight Keller’s talent was recognized several times throughout the year, particularly at the British Fashion Awards. A flagship boutique was inaugurated on New Bond Street in London. Under the leadership of its Creative Director Jonathan Anderson, Loewe achieved very strong momentum, with the success of its new Gate line of leather goods and rapid growth in ready-to-wear. A wide range of gifts was on offer at the end of the year. The brand continued to selectively expand and improve its network. Kenzo ’s casual urban offering was expanded, with Menswear performing especially well. Women’s ready- to-wear reaffirmed the balance sought between modernity and desirability. One of the year’s highlights was a significant geographic expansion, with the brand opening boutiques and inaugurating its digital presence in the United States, and resuming retail operations in China and Macao. Berluti achieved strong performance and expanded its retail network. All product categories posted growth, especially exceptional items such as tailored footwear,


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