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France’s cognac makers lift US exports ahead of Trump inauguration, data shows

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Reuters

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January 17, 2025

French cognac makers increased shipments to the United States in December, trade data showed, as distributors fill up their stocks to prepare for possible new tariffs while demand in the country shows signs of improvement.

LVMH

France’s cognac industry is particularly exposed to the U.S. market, its biggest by volume, and memories of a trade dispute in President-elect Donald Trump’s first term sparked fears it could return.

LVMH‘s Hennessy, the largest producer, increased the amount of cognac it delivered by 17% compared with last month and by more than a third when compared to the same month the year before, U.S. import records from ImportYeti showed.

Campari-owned Courvoisier more than doubled its exports to the country in December from both the previous month and the same month last year.

Hennessy declined to comment while Campari did not immediately reply to a Reuters request for comment.

The data was part of a wider pattern of increased U.S. cognac exports at the end of 2024, an industry source said on Friday, driven by the prospect of additional tariffs under incoming President Donald Trump and a general market improvement.

Trump has threatened to impose across-the-board tariffs of 10% on foreign-made goods in a bid to eliminate the country’s trade deficit. Europe’s spirits industry could be hit even harder by possible additional retaliatory measures should an old trade dispute between the U.S. and the European Union from Trump’s first presidential term flare up.

Meanwhile, demand for luxury goods in the U.S. showed signs of improvement.

U.S. credit card spending on luxury brands in December turned positive for the first time in more than two years, while Swiss jewellery and watchmaker Richemont reported strong U.S. sales in the last quarter of 2024.

Barclays analysts also flagged a positive trend, saying in a recent note that LVMH’s wines and spirits division has “started to see some improvement for Hennessy in the US.”

France’s cognac industry was hit in 2024 by weak global demand and trade tensions with China, another major market.

Cognac exports to China dropped by 75% in December compared with last year, the industry source said, adding that a recent ban of cognac products from all duty-free sales points also weighed.
 

© Thomson Reuters 2025 All rights reserved.



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Arnault says LVMH has no plan to relocate after remarks draw ire

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Bloomberg

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January 31, 2025

LVMH has no plans to relocate the luxury conglomerate, said Bernard Arnault, its billionaire chief executive officer, after remarks he made critical of France drew a backlash at home.

Bernard Arnault – ph DM

“I’ve obviously never said we would relocate the LVMH group,” Arnault said in a post on the company’s X account Friday. When he voiced discontent with France at an earnings presentation on Tuesday he only wanted to sound an alarm over tax measures that he deems will be “counter productive,” he added.

“What I said is that the tax measures that are being considered are an incentive to relocate, since they’re a tax on Made in France,” he said.

Arnault said on Tuesday that plans to raise corporate taxes in France are “a great idea to encourage people to relocate,” contrasting the atmosphere in his native country to the optimism he sees in the US following Donald Trump’s election as president. 

“There’s a different mood” between the two countries, the billionaire told reporters on the sidelines of LVMH’s annual results, at one point comparing his return to France to a cold shower. 

In an interview on RTL radio Friday, Sophie Binet, leader of the French union CGT, likened comments like Arnault’s to a sign that “the rats are leaving the ship.”

Arnault, in his post on Friday, said LVMH is “proud to employ directly and indirectly some 200,000 people in France.” 
 



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Iceberg Jeans is back under creative director James Long

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Ansa

Translated by

Nicola Mira

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January 31, 2025

Iceberg Jeans, the iconic streetwear line by Italian label Iceberg, is back. Under creative director James Long, the Iceberg Jeans line embodies a vibrant state of mind: fun, inclusive, contemporary, and accessible. Besides denim, the new collection includes outerwear, knitwear, tailored items, casual wear and accessories.

Iceberg Jeans

“I’ve always wanted to give Iceberg Jeans a new lease of life,” said Long, the creative director at Iceberg. “The brand has a unique energy, and like everything that Iceberg represents, it’s always about looking to the future with optimism. I love these designs, and I hope that others too will appreciate them and make them part of their everyday lives.”

Iceberg Jeans debuted in 1986, soon emerging as a bold brand bringing Italian design, with its mix of playfulness and wearability, to the world. Its success was fuelled by word of mouth, and by campaigns that have become pop culture icons, featuring celebrities such as Lil’ Kim and Paris Hilton. The new collection refreshes the positive essence of Iceberg Jeans’s heritage while looking to the future. The Iceberg Jeans Fall 2025 collection will be available at selected wholesale partners, Iceberg stores and online from June 2025.

Copyright © 2025 ANSA. All rights reserved.



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Paris Haute Couture Week celebrates young designers with Peet Dullaert and London-based Miss Sohee

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Nicola Mira

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January 31, 2025

Experimentation and innovation were the name of the game on the last day of Paris Haute Couture Week. Emerging couturiers took centre stage on Thursday, like Peet Dullaert, 35, from the Netherlands, and Miss Sohee, 28, from Korea. The latter staged her maiden couture week show, as a guest on the event’s official calendar. Dullaert and Miss Sohee unveiled Spring/Summer 2025 collections characterised by contrasting styles.

Peet Dullaert, Spring/Summer 2025 – ©Launchmetrics/spotlight

Dullaert, a Paris-based Dutch designer, showed for the first time at Paris Haute Couture Week exactly a year ago. In his third Parisian show, he juxtaposed glamourous looks with more everyday ones, like the suits and trousers sets or the black tweed maxi coat, worn back-to-front with the cuffs, pockets and buttons at the rear, which could morph into an evening dress if needed.

Dullaert’s couture looks were made from bodysuits and playsuits in tight stretch fabric, on which he added long, sheer flared skirts decorated with geometric patterns embroidered with gems, or made with swathes of silk draped directly on the body, giving the models real freedom of movement. The feeling of freedom was heightened by the use of a wrinkled high-performance fabric developed by the label.

Other looks were covered with thin tassels lined with sequins, or with crystals, with draped white and black tulle, taffeta and other glimmering silks. Dullaert’s looks were characterised by flowing volumes and silhouettes, but he didn’t shy away from intervening decisively in the garments’ construction, for example baring a shoulder or cutting his dresses with long slits along the legs.

The couture show by Miss Sohee, real name Sohee Park, was eagerly awaited. The London-based Korean designer showed twice before in Paris, and was a hit on the Milanese runways in February 2022, backed by Dolce & Gabbana. She pulled out all the stops in Paris, immersing her guests in a magical universe where eras and bold silhouettes mixed spectacularly, showcased inside the gilded halls and under the majestic chandeliers of the Pozzo di Borgo palace.
 

Miss Sohee, Spring/Summer 2025 – ©Launchmetrics/spotlight

Miss Sohee’s ladies seemed to be ready for a grand ball with their shimmering, vibrantly coloured crinoline dresses, satin sheath dresses glittering with pearls, and statement coats whose long trains were ornamented with embroidered bucolic scenes, like a golden peacock or floral branches, rich in crystals and sequins. Looks worthy of the Venice Carnival.
 
Botticelli’s Venus seemed to have inspired Miss Sohee, scallops and seashells being among the key elements in her collection. A large shell rose like a fan at the back of a corset which extended into a long, faded-pink silk skirt. Elsewhere, shells encased the hips in two short bustier dresses in python and crocodile-effect leather, or added length to a bustier entirely decorated with gems that was sewn onto a tulle top dotted with mother-of-pearl drops.
 
Shells embroidered in small patterns featured on a silk duchesse dress, and more shells in silver pleated fabric turned into a micro hooded jacket over a Fantômas-style black velvet jumpsuit, with a double row of white pearls draped around the waist.
 
Nothing seemed too precious and extravagant for Miss Sohee’s ladies, who also wore more contemporary outfits consisting of lace jumpsuits, miniskirts and laced thigh-high boots. Park founded her label in 2020, after studying at Central Saint Martins in London, and her customers include scores of celebrities, among them names like Cardi B. and Bella Hadid.
 

Copyright © 2025 FashionNetwork.com All rights reserved.



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