Word: lvmh
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...chairman François-Henri Pinault, who was a classmate of Hermann's in business school, insists she personifies the brand. He snatched her away from PPR rival LVMH Moët Hennessy Louis Vuitton, where she was running ready-to-wear at Dior, as much for her winning record as for her provenance. "Not only does Valerie have all the professional skills," Pinault says, "but she is the YSL woman. She is French, and YSL is the most French of brands. And being an active woman and by her feminine instincts, she will have ideas come...
...LVMH Chairman Bernard Arnault chose Ferre to be the artistic director of Christian Dior, replacing Marc Bohan who had been at the helm of the house for 30 years. Commuting between Milan and Paris, Ferre reinvented the iconic French label?s signatures, including the voluminous floral ballgown, the 1950s-style suit, and the strict evening column - with his own sense of drama and proportion. A private man, Ferre was known for his fantastic sense of humor and his love of travel and architecture...
...LVMH boss Bernard Arnault kicked off Paris fashion week with a very elaborate press conference Monday morning to announce a $127 million Louis Vuitton foundation to be built in a popular children's park-Le Jardin d'Acclimatation-in the Bois Du Boulogne. None other than mega-star architect Frank Gehry has been tapped to design the place...
Fendi CEO Michael Burke faced a similar dilemma when he took over the Roman-based brand in 2004. With a mandate from LVMH boss Bernard Arnault to turn the company around, Burke had to find a way to keep designer Karl Lagerfeld in the fold and also massage a better relationship between the designer and Silvia Venturini Fendi, the talent behind Fendi's handbag business. That required yet another kind of nuclear power plant, one that Burke promptly set about creating in the form of Fendi's historic palazzo in the center of Rome, which he renovated in order...
...searching for the right candidates as well as the right creatives to match with them. "A CEO who says, 'Get to the point' or looks at his watch is not necessarily going to be a good leader for creative people," says Maxine Martens, who runs Martens & Heads!, which numbers LVMH, the Gap and Escada among its clients. Martens also notes that while most CEOs are top dogs in the company structure, a fashion CEO "must be willing to be the second smartest person in the room, in order to listen better and figure out what creatives need...