May 25, 2018 Day two of LVMH at VivaTech: Friday 25th May 2018
May 25, 2018 at 06:13 am EDT
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Chairman & CEO Bernard Arnault announces the winner of the LVMH Innovation Award 2018
The second day of Viva Technology 2018 has commenced and not a single chair in the main stage area is left unoccupied as eager attendees await the announcement of the winner of this year's LVMH Innovation Award. 'We had a record number of applicants this year.', CDO of LVMH, Ian Rogers, called to the crowd as he stepped on-stage. '60% more applicants than last year. It was challenging to narrow that great pool of talent down to the thirty finalists sitting before me today, but with the help of our jury, we have selected a winner'.
Welcoming to the stage last year's winner Tony Pinville, founder and CEO at HEURITECH, LVMH Chairman and CEO Bernard Arnault and his son Alexandre Arnault, CEO of RIMOWA. 'Thanks to this award, we had a major press coverage worldwide.', says Pinville, 'We are now starting to develop our business worldwide, in the US, in Europe and in Asia'. Handing over the microphone to the Group Chairman and CEO, Bernard Arnault echoes the words of his CDO: 'This year, VivaTech becomes a real fantastic success. It's a sign of the growing importance of France for technology and entrepreneurship. France is becoming-and I am very glad about this-an entrepreneur country and a tech country.'
Reiterating the importance of startups to the LVMH group, Bernard Arnault continued, 'Although we are the largest French company on the stock market, we try to stay mobile. We try to keep that real startup spirit.'. Handing the microphone to his son to announce the winner, a tense moment of silence followed before Alexandre Arnault called out 'OYST'. Ushered on-stage by the audience's applause, Oyst Founder and CEO Julien Foussard thanked the jury, before touting his creation to the audience and the wider world watching: 'When you want to buy a simple white tee-shirt on an e-commerce website, it takes eight steps. Why? Online check-outs are a major issue for merchants and consumers alike. Oyst has created a button that allows shoppers to make purchases in a single click without providing additional details.'
Congratulations to Oyst, the runners-up Kronos Care and Vechain, and to all the other contenders.
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LVMH - Moët Hennessy Louis Vuitton SA published this content on 25 May 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 May 2018 10:12:09 UTC
LVMH Moët Hennessy Louis Vuitton SE is the world leader in luxury products. Net sales break down by family of products as follows:
- fashion and leather items (48.9%): brands such as Louis Vuitton, Kenzo, Celine, Fendi, Marc Jacobs, Givenchy, etc.;
- watches and jewels (12.8%): Bulgari, TAG Heuer, Zenith, Hublot, Chaumet, Fred brands, Tiffany, etc.;
- perfumes and cosmetics products (9.6%): perfumes (Christian Dior, Guerlain, Loewe, Kenzo brands, etc.), makeup products (Make Up For Ever, Guerlain, Acqua di Parma, etc.), etc.;
- wines and spirits (7.7%): champagnes (Moët & Chandon, Mercier, Veuve Clicquot Ponsardin, Dom Pérignon brands, etc.; No. 1 worldwide), wines (Cape Mentelle, Château D'Yquem, etc.), cognacs (mainly Hennessy; No. 1 worldwide), whisky (mainly Glenmorangie), etc.;
The remaining sales (21%) are from selective distribution through the Sephora, DFS, Miami Cruiseline chains and Le Bon Marché and La Samaritaine department stores.
At the end of 2023, products are marketed via a network of 6,097 outlets located throughout the world.
Net sales are distributed geographically as follows: France (7.9%), Europe (16.4%), Japan (7.3%), Asia (30.8%), the United States (25.3%) and other (12.3%).
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