Representative image LVMH‘s second-largest fashion brand Dior was until last month behind on disclosures required by UK law about working conditions in its supply chain, and made outdated statements on its website of a third-party certification that it terminated more than a year ago, Reuters has found. In Britain, the Modern Slavery Act of 2015…
Michael Burke PARIS: LVMH veteran executive Michael Burke has been appointed chairman and chief executive of LVMH Fashion Group, overseeing the luxury goods group’s fashion labels, it said on Thursday. Burke – chairman and CEO Bernard Arnault’s longest-serving lieutenant – replaces long-time Fashion Group head Sidney Toledano, who was named advisor to Arnault and will…
PARIS: Early holiday shopping season discounts from high-end fashion retailers like Bergdorf Goodman on New York’s Fifth Avenue raised concern that a lacklustre Christmas could lead to inventory gluts – potentially dragging labels into a discounting spiral that would cheapen their image. The latest U.S. credit card data from Barclays released on Wednesday showed that…
