LVMH (EURONEXT:MC) says weak yen and rising living costs spurred Japanese H1 2026 shoppers toward branded jewelry—benefitting Chaumet—while the group reshuffles leadership, naming Yann Musquin Managing Director of Fragrance Brands with no immediate financial impact disclosed.
Previous Week Recap
- Branded Jewelry Gains From Yen Weakness: LVMH (MC): Japanese H1 2026 shoppers shifted toward branded jewelry as yen weakness and higher living costs boosted demand; Chaumet cited as likely to capture this jewelry-led sales gain.
- LVMH Names Fragrance MD: LVMH names Yann Musquin Managing Director of Fragrance Brands; he'll oversee the group's fragrance portfolio. No timing, pay, or immediate operational or financial impacts disclosed.
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