SAS

Holding company restructured to ensure family control of LVMH

Published: July 27, 2022

Bernard Arnault is restructuring holding company Agache into a joint-stock partnership to ensure long-term control of the LVMH group.

Faurecia up 12.2% organically in first quarter

Published: April 19, 2021

The French automotive seating and accessories manufacturer is up 12.2% on an organic basis in all regions in the first quarter of 2021, with sales in China exceeding pre-Covid sales of the first quarter of 2019. The company has estimated a worldwide automotive production of 76.6 million vehicles in 2021, which remains valid.

Gradual recovery for Faurecia in second half

Published: February 23, 2021

The French automotive seating and parts manufacturer said that the first half of 2020 was strongly impacted by the global spread of Covid-19, which heavily impacted the automotive industry. In the first quarter of the year, worldwide automotive production fell 22% to 17.2 million vehicles, mostly impacted by China.

The hypocrisy of the self-appointed (celebrity) eco-warriors

Published: January 27, 2020

In the same week that Autocar published an article propagating the rise of vegan leathers in the car industry, attentions turned to the sporting world, too, with fellow British newspaper The Telegraph publishing a piece titled “If sport is really going vegan, is it time to get rid of leather cricket balls?”

Faurecia’s Q3 sales slightly below global automotive production

Published: October 17, 2019

Sales for the France headquartered automotive parts and seats supplier amounted to €4.18 billion in the third quarter of 2019.

Fosun snaps up Lanvin fashion house

Published: February 23, 2018

Fosun International Ltd has acquired a majority stake in French fashion house Lanvin for an undisclosed sum as Chinese conglomerates build up their luxury-goods holdings.