Tag Archives: department

LVMH restructures division retailer possession

LVMH restructures division retailer possession

THE WHAT? LVMH is claimed to have created a brand new unit to accommodate its two Parisian department shops. The restructure noticed the French luxurious conglomerate purchase La Samaritaine from its DFS division and appoint Le Bon Marche’s Chairman and CEO, Patrice Wagner to supervise the 2 retail manufacturers. THE DETAILS In keeping with a […]

DFS to shut its iconic division retailer in 2025 in Venice, Italy

DFS to shut its iconic division retailer in 2025 in Venice, Italy

The Obligation Free Buyers (DFS) Group, the Hong Kong-headquartered journey retailer managed by luxurious big LVMH, introduced on Friday, November 15, the closure in 2025 of its T Fondaco dei Tedeschi division retailer situated in Venice. DFS Group cited financial difficulties as the rationale for its determination, as the shop has been accumulating losses for […]