PARIS — The world’s largest luxury group plans measured expansion this year given the uncertain scale of the economic rebound and its conviction that some scarcity fuels desire.
“[This year] has started off well.…I’m confident enough. Still, I think it’s necessary to be prudent,” Bernard Arnault, LVMH Moët Hennessey Louis Vuitton chairman and chief executive officer, told the company’s annual shareholders’ meeting Thursday.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)