Funding & Investments

French luxury goods group LVMH acquires wine producer Le Château du Galoupet

World-renowned luxury goods group Moët Hennessy, the beer, wine, and spirits branch of LVMH, has entered into a definitive agreement to acquire Le Château du Galoupet, a French winery specialising in Provence rosé. In an announcement this week, the company announced the addition of the winery to its portfolio, with the transaction expected to be […]

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Ecommerce luxury goods platform ‘The Luxury Closet’ closes £8.5m funding round with expansion to Hong Kong

Dubai-based luxury goods platform The Luxury Closet has announced it has raised £1.8m in funding in its latest funding round as it enters operations in Hong Kong following the purchase of Guitless.com.   In a statement this week, the ecommerce company that sells used fashion items announced that the funding will boost its global expansion

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Luxury group LVMH completes £2.5bn purchase of hotel chain Belmond

The group behind major luxury brands Louis Vuitton, Christian Dior, and Moët & Chandon champagne has agreed to purchase the world-renowned Belmond hotel chain for a massive $3.2bn (£2.5bn). The Executive Magazine catches up with Bernard Arnault, chairman and CEO of LVMH. Moët Hennessy Louis Vuitton (LVMH) and Belmond Ltd— the part-owners or ma…   Subscribe

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Why Procurement is the best friend you never knew you had

Misunderstood, sometimes peripheral, always underrated: Procurement executives are the business world’s very own goth music scene. And just like the great goth bands, they had their heyday when things were tough.   After the 2008 crash, when CFOs were busy turning budgets into confetti, it was frequently their counterparts in procurement t…   Subscribe To

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