Posts tagged with "LVMH"

HARLEM’S FASHION ROW

Harlem’s Fashion Row (HFR) announced today that the highly anticipated 15th Anniversary Fashion Show & Style Awards will open New York Fashion Week on September 6 in partnership with LVMH in North America.

With this year’s theme “Future’s Past,” the event will showcase fashion’s future fueled by the untold history of countless contributions, sacrifices, and innovations in fashion that inspire HFR to explore groundbreaking collaborations and to elevate black-owned brands. This special anniversary event will support further progress for diversity, equality and inclusion in the fashion world.

Additionally, HFR will introduce a newly created award in honor of the late Virgil Abloh, which will be given by his wife, Shannon Abloh. Honoring Virgil’s memory and lasting impact, the award celebrates like-minded individuals who embody Virgil’s spirit, brilliance, and vision, through invaluable contributions to culture, community, and innovation. This year’s award categories and recipients include: 

  • The Virgil Abloh Award presented by LVMH: Issa Rae – Actress, Writer and Producer
  • Designer of the Year: Sergio Hudson – Luxury Women’s Wear Designer
  • Editor of the Year: Robin Givhan – Fashion Editor and Pulitzer Prize Winning Writer
  • Stylist of the Year: Ade Samuel – Celebrity Stylist
  • ICON of the Year Award: Janet Jackson – Actress, Singer, Songwriter, Author, Businesswoman and Philanthropist

Brandice Daniel, CEO & Founder of Harlem’s Fashion Row, states: “African Americans have a rich history in fashion, although much of their contributions have been buried or unrecognized in history. However, HFR would not exist without the work of Black designers like Lois Alexander Lane, who created the Harlem Institute of Fashion and the Black Fashion Museum. We also would not exist without the work of other sartorial pioneers like Ann Lowe, Elizabeth Keckley, and Eunice Johnson. We are moving into the future by reaching back to understand, honor, and pull strength from our past.”

Through an ongoing partnership with HFR, LVMH continues its commitment to work toward a more diverse, equitable and inclusive fashion industry. Several brands from the LVMH portfolio will join in celebrating the next generation of diverse fashion talent by supporting various aspects of the Fashion Show & Style Awards throughout the evening:

  • Sephora will provide runway hair products from black-owned brands that are also part of the 15% Pledge program created by Aurora James.
  • Dior Beauty will support with sponsorship of all skincare, makeup and artistry teams.
  • Tiffany & Co. will present gifts to Style Award Honorees and designers during the event.
  • Moët Hennessy USA will provide the perfect drink of choice for cocktail hour, Chandon Garden Spritz, — providing a delicious balance between sweetness and bitterness with exceptional sparkling wine and bitter-orange liqueur, handcrafted with handpicked and ripe Valencia oranges, herbs and spices.

“As LVMH looks to the future of our Group and Maisons through the lens of diversity, equity and inclusion, we are thrilled to partner with Harlem’s Fashion Row on their 15th anniversary celebration, and to cast a spotlight on the cultural richness and creativity of the Harlem community”, said Anish Melwani, Chairman and Chief Executive Officer, LVMH Moët Hennessy Louis Vuitton Inc. “The success of LVMH’s Maisons stems from their ability to reveal creative talents from across the world and we are excited to support the New York Fashion Week debut of three talented BIPOC designers from our neighboring community of Harlem.”

Three BIPOC designers will showcase their latest collections in the show:

  • Clarence Ruth (Menswear): Cotte D’Armes is a high-end men’s and women’s ready-to-wear denim brand in New York City. Ruth was the winner of the Tommy Hilfiger X Harlem’s Fashion Row Design Competition.
  • Johnathon Hayden (Sustainable Women’s Wear): Showcasing his brand Deus Ex Machina, Hayden creates ready-to-wear separates that bridge the gap between luxury and longevity.
  • Nicole Benefield (Women’s Wear): Self-titled responsible brand Nicole Benefield fathoms form over fast fashion trends, casual wearability over exclusivity, and eco-friendly fabrics above the latter.
Aura Blockchain Consortium via 360 magazine

Aura Blockchain Consortium

The Aura Blockchain Consortium joins the SMI Fashion Task Force to leverage technology to achieve sustainability and circularity goals

Aura Blockchain Consortium, founded by LVMH, Prada Group, Cartier, part of Richemont, the OTB Group and Mercedes-Benz, is joining the Sustainable Markets Initiative Fashion Task Force, a private-sector coalition aimed at accelerating the transition towards a more sustainable future in the global fashion, textile and apparel sector. The SMI was launched by His Royal Highness The Prince of Wales in 2020, and its Fashion Task Force is chaired by Federico Marchetti, tech entrepreneur and sustainability pioneer. Aura Blockchain Consortium’s technology will help members of the Sustainable Markets Initiative Fashion Task Force achieve their sustainability goals and enhance traceability. 

“We’re thrilled to have Aura Blockchain Consortium join the Task Force. Its presence will accelerate our mission to build innovation, transparency and a collaborative spirit within the fashion industry. Only by working together and leveraging technology will we protect the planet.” says Federico Marchetti, SMI’s Fashion Task Force Chair.

“It is a privilege to support HRH The Prince of Wales’ Sustainable Markets Initiative Fashion Task Force along with its members and teams through the Aura Blockchain Consortium’s private blockchain and NFT solutions as we work towards our shared vision to accelerate the transition to a more sustainable future. We are excited to start the collaboration with the Fashion Task Force’s team to push circularity and traceability forward” says Daniela Ott, General Secretary of Aura Blockchain Consortium.

Across 2021 and 2022, the Task Force has been delivering action in multiple areas where Aura Blockchain Consortium’s traceability platform, built for the luxury sector, will bring considerable value. In recognition that consumer interest in more sustainable products is on the rise, the Task Force is focused on unlocking circularity by rolling out a Digital ID, which was launched at the G20 in Rome in October 2021. The Digital ID allows key players in the fashion value chain – including manufacturers, brands, retailers, resellers and recyclers – to provide unprecedented transparency and traceability of the products they sell. It also unlocks new circular services for customers, such as care and repair services, as well as ones focused on resale and recycling.

The Aura Blockchain Consortium already enables and supports participating members to tag their products with secure, unique blockchain-based identities that can track a product’s manufacture and supply from raw materials through to end consumers. As such, it owns the perfect innovative technology to enable the Task Force and its member brands with this ambition.

Woman at Computer by Mina Tocalini for 360 Magazine

Aura SaaS

The Aura Blockchain Consortium, founded by LVMH, Prada Group, Cartier, part of Richemont, and OTB Group, is pleased to announce the launch of Aura SaaS, a game-changing cloud-based SaaS solution. The Aura Blockchain Consortium currently has more than 15 million digital tokens on their private, permission-based blockchain platform which offers both upstream and downstream traceability in the supply chain which is direct-to-consumer. 

The launch of Aura SaaS is the first blockchain-based platform designed for luxury brands to help the luxury industry to embrace the blockchain in their day-to-day business operations including supply chain, customer service, marketing, manufacturing, sustainability, purchasing, logistics, and legal. Aura SaaS will allow Aura member brands to quickly and easily onboard, maximizing value focusing on the customer journey and digital innovation and allowing for both upstream and downstream traceability in the supply chain for consumers–making it one of the best direct to consumer offerings in the market.

Aura SaaS is a no-code solution that allows for a quick and hassle-free implementation. There are also lower up-front costs, as Aura SaaS users benefit from lower license and onboarding fees. The launch of Aura SaaS will make Aura more accessible to luxury brands across the globe while strengthening the industry’s response to challenges such as counterfeiting and responsible sourcing. 

With Aura SaaS, brands can easily access the Aura Blockchain directly through APIs and connect them to their own IT systems and applications. Main functionalities include:

  • Smart contract generator: no coding skills needed
  • Products registered on the blockchain
  • Product events/rich content management
  • Product history
  • Product ownership acquisition & transfer

On top of the blockchain functionalities and APIs accessibility by luxury brands, Aura SaaS will offer various white-label front-end interfaces and web pages to easily write, read and display information from the Aura Blockchain–this will be fully customized to align with the UX of each brand, requiring no technical or blockchain expertise. These web pages can be also directly accessible by luxury clients. Aura SaaS helps luxury brands to address the following topics: authenticity, ownership, warranty, transparency, and traceability targeting both upstream use cases (e.g. raw material sourcing) and downstream use cases (e.g. digital certificates of ownership and authenticity certified on the Aura Blockchain, e-warranty, transfer of ownership, etc.)

Daniela Ott, Secretary General of Aura Blockchain Consortium, said of the launch: “Our ecosystem is growing on a daily basis and Aura’s solution covers the entire lifecycle of luxury production and consumption. Aura SaaS provides a game-changing toolbox for the luxury industry with an easy onboarding, minimum costs, and without the need to manage any Cloud infrastructure and deploying any instance, thus reducing the Time-to-Market to launch new blockchain use cases. This solution is meant to last and benefit the whole value chain. Given its accessible pricing, it is a solution suitable for luxury brands of any size, for most product categories within the luxury sphere.”

Alongside the Aura SaaS solution, the Aura Blockchain Consortium is also developing a suite of turnkey tools to accelerate route to market, with smaller brands in mind. These would include simple, ready-to-use front-end tools that can provide luxury consumers with a visualization of data on the blockchain. For example, brands could offer more transparency into their sustainability credentials by providing consumers with the ability to view the provenance of materials used in the manufacturing process. Such a solution is particularly attractive to brands yet to implement their own advanced front-end but keen to offer customers more insights and interactions.

glass of wine via Mina Tocalini for use by 360 Magazine

ADAMVS Winery Welcomes Alberto Bianchi as Winemaker

Bianchi Will Steward the Estate Vineyard and Winery Towards Vintners’ Old-World 

Vision to be a Grand Cru of Napa Valley’s Howell Mountain

Denise Adams, co-owner of ADAMVS, a profound and geologically diverse Estate vineyard resting atop the legendary Howell Mountain, is thrilled to announce the appointment of Alberto Bianchi as Winemaker.  The Adams are also proprietor/vintners of Château Fonplégade, a Grand Cru Classé Château and vineyard in St. Émilion, Bordeaux.

Bianchi was selected by ADAMVS owners, Denise and Stephen Adams, following an extensive, months-long search for a winemaker who would not only steward ADAMVS wines in the cellar, but rear them from the moment of their inception in the vineyard, working closely alongside Consulting Winemaker, Philippe Melka.

“During our extensive recruitment process for a new winemaker, we knew this special individual would have to share our passion for purity, balance, and a near-obsessive approach to careful and responsible farming,” said Denise Adams. “We knew he or she would have to speak our language; one of total commitment to wines of integrity, place, purpose and emotion. Alberto Bianchi was a perfect match for our philosophy and vision.”

Raised in Milan, Italy, Bianchi’s passion for the vine and wine began at the age of seven, while helping his grandfather craft Barbera wine in his cellar, wine that the family enjoyed throughout the year.  It is not just the act of winemaking that has always been of interest to Bianchi, it’s also the “romantic and heroic” nature of viticulture in extreme sites that has ignited the passion and commitment to wine that drives him today.  He believes that the vineyard is the heartbeat of a winery.

“I’m greatly honored to join the ADAMVS team.  The first time I visited the property I felt an instant connection,” said Bianchi. “Wine is a synonym for culture: it is the pure expression of the land, the soil, the climate and the people.  It’s with great pleasure that I start this amazing journey on Howell Mountain.”

Bianchi holds a bachelor’s degree in Winemaking and Viticulture from the University of Milan and a double master’s degree in Winemaking and Viticulture from the University of Turin and the University of Lisbon.  After completing his studies, Bianchi travelled extensively throughout Italy, France, Australia, Argentina and New Zealand, experiencing a variety of cultures and characters and winemaking techniques with the different grape varieties, and honing his craft.

In 2012, Bianchi was selected for LVMH’s Estates & Wines Early Career Winemakers program, where three up-and-coming winemakers are sent to three countries for three years of intensive training and development.  He began in Argentina, as Assistant Winemaker at Terrazas de los Andes, followed by a year at Newton Vineyard on Spring Mountain, Napa, before his final rotation at Cloudy Bay in New Zealand, where winemaker, Tim Heath, became a mentor. “He taught me the importance of being respectful of the wine you have in front of you,” Bianchi said.

Upon completion of this three-year program, Bianchi returned to Newton in 2016 as Head of Winemaking.  Today, Bianchi possesses the same boyish wonder that he felt as a child assisting his grandparents in Italy.  His quest is to translate the beauty, nature and elements of ADAMVS’ profound and geologically diverse site into elegant wines that will evolve through time.

ADAMVS offers private tastings and experiences by advance appointment to allocation list members.  For more information, and to join the waitlist, please visit the official website.

Money illustration by 360 Magazine

LVMH Market Cap Increase

LVMH Market Cap Soars to €265 Billion, Tops Nestle as Highest Valued Company on European Stock Market

Luxury conglomerate LVMH is among the key beneficiaries of investor optimism. According to the research data analyzed and published by Finaria, luxury conglomerate LVMH’s market capitalization stood at €264.55 billion as of February 26, 2021. That made it the highest valued company on the European stock market, overtaking Nestle which had CHF 267.57 billion (€242 billion).

Based on a HH Journal report, LVHM’s share price increased by 65.4% between April 2020 and February 2021. During the same period, European luxury rival Richemont posted a share price gain of 74%. Hermes stock shot up by 54.7% while Kering’s soared by 22.1%.

Fashion and Leather Goods Division Accounted for 86.5% of LVMH 2020 Profit

LVMH, the world’s largest luxury group, owns 75 primary brands across five divisions. Fashion and leather goods, the largest of these, accounted for a 46% share of Q1 to Q3 2020 revenue. During the period, the segment’s sales fell by 11% but started showing signs of recovery in Q3 2020, with a 12% uptick.

The performance of the fashion and leather goods division improved further in Q4 2020 when its revenue soared by 18% to €7.3 billion. For the full year 2020, the segment’s organic revenue only declined by 3%, compared to its 24% decline during H1 2020. It thus accounted for 86.5% of LVMH’s profits for the year 2020.

Overall, LVMH group sales in Q4 2020 totaled €14.3 billion, down by only 3% YoY. Asia contributed to its strong performance with a 21% increase in regional sales. In contrast, sales in Europe fell by 24%.

For the full-year 2020, LVMH’s revenue sank by 16% to €44.65 billion while its net profit fell by 34% to €4.7 billion. On the bright side, the group completed the acquisition of US jeweler Tiffany at $15.8 billion. In 2021, analysts project an increase of 18% in revenue and a 67% uptick in earnings for LVMH.

The full story, statistics and information can be found on Finaria’s website.