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Strikes planned at LVMH’s drinks division starting on Friday – CGT union

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Strikes planned at LVMH’s drinks division starting on Friday – CGT union


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Reuters

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December 4, 2025

Some workers at LVMH‘s wines and spirits division Moet Hennessy are planning a series of strikes starting on Friday to protest against a cut in annual bonuses, according to union leaflets seen by Reuters, in a sign of growing discontent at a business where ⁠profits have slumped.

Bottles of Moet – Reuters

The call to strike by branches of the CGT union is the first to apply across all of Moet Hennessy’s larger brands ⁠from Hennessy cognac to Veuve Clicquot champagne, posing a challenge for Alexandre Arnault, son of billionaire Bernard Arnault, who became deputy CEO of the division earlier this year. The CGT union said Moet Hennessy chose to cancel all profit-sharing bonuses ‍and other ‌annual benefits this year, while LVMH keeps dividends to shareholders stable.

Moet Hennessy did not respond ⁠to a request for comment ‌on this year’s compensation policy. The union is calling for limited strike days “in all ‌of the houses’ sites in the coming days and weeks”, one of the flyers, due to be handed out to workers on Thursday, said, with the aim of getting management to negotiate on pay.

The first walkouts are planned for Friday at champagne houses Moet & Chandon ‍and Veuve Clicquot-Krug, the union flyers showed. Two union sources told Reuters that further strikes would follow, including at Hennessy, over the next two months.

Strikes are rare in the luxury industry, which ‌after years of strong ⁠growth ​has been hit by a slowdown as sales stalled in China and ⁠price hikes ​deterred shoppers, while uncertainty over US President Donald Trump‘s tariffs has weighed on demand.

LVMH’s drinks business, accounting for about 7% of group sales, reported operating profit of 524 million euros ($610.98 million) ​in the first half of 2025, down 33% from the previous year. LVMH finance chief Jean-Jacques Guiony took over as CEO of the division earlier ⁠this year, with 33-year-old Alexandre Arnault as his deputy.

It ⁠was not clear how many workers would follow the call to strike. The CGT is one of France’s largest unions and has the largest representation among Moet Hennessy workers.
 

© Thomson Reuters 2025 All rights reserved.



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Fashion

Turkiye’s apparel exports drop 6% to $16.3 bn in 2025

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Turkiye’s apparel exports drop 6% to .3 bn in 2025



Exports of knitted and crocheted garments (HS Chapter **) fell *.* per cent to $*.*** billion from $**.*** billion a year earlier, as retailers trimmed replenishment volumes. Woven apparel and accessories (HS Chapter **) recorded a steeper fall of *.* per cent to $*.*** billion, compared with $*.*** billion in ****, reflecting weaker demand for higher-value fashion categories and formalwear.

December **** data signalled a slower contraction relative to the annual trend. Knitted and crocheted apparel exports rose *.* per cent year on year to $***.*** million from $***.*** million in December ****, supported by seasonal restocking. In contrast, non-knitted apparel declined *.* per cent to $***.*** million from $***.*** million. Combined shipments under HS ** and HS ** edged down *.** per cent to $*.*** billion.



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The new economics of fashion: Trust, longevity and price discipline

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The new economics of fashion: Trust, longevity and price discipline




Fashion demand in 2026 remains intact but more selective, with consumers spending cautiously and prioritising value, durability and versatility.
Intentional purchasing and promotion sensitivity are reshaping pricing dynamics and margin structures.
Polarised consumer behaviour is pushing brands to rebuild trust, justify full price and align sustainability with longevity.



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US brand Calvin Klein unveils Spring 2026 denim with Jung Kook

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US brand Calvin Klein unveils Spring 2026 denim with Jung Kook



Calvin Klein Inc., which is part of PVH Corp. [NYSE:PVH], announces the launch of its Spring 2026 denim campaign starring global brand ambassador Jung Kook of renowned boy band BTS.

Directed and shot by Mert Alas, the new chapter sharpens the focus on denim as the ultimate expression of personal style through icon Jung Kook’s distinctive and influential point of view as he lives in the moment.

Calvin Klein, owned by PVH Corp., has unveiled its Spring 2026 denim campaign fronted by BTS icon Jung Kook.
Directed and photographed by Mert Alas, the cinematic film fuses music, movement and city energy, highlighting 90s Straight, Baggy and reworked Trucker silhouettes.
A special appearance by Rosie Perez amplifies the brand’s signature visual storytelling.

The campaign unfolds across a series of immersive worlds, unified and guided by Jung Kook’s style, attitude and way of living. The high-impact film fuses fashion and entertainment, moving to an instantly recognizable soundtrack and brought to life through the artist’s signature choreography and commanding presence. The interplay of music and movement – complete with a cameo from New York City legend Rosie Perez – captures the impact synonymous with Calvin Klein’s iconic visual storytelling.

Calvin Klein jeans are at the center of the wardrobe with hero silhouettes leading the narrative: the effortless attitude of the 90s Straight; the relaxed and nostalgic proportions of the Baggy; and new interpretations of the iconic Trucker jacket — all reimagined with elevated washes and designed for versatility. Casual logo tees and oversized bombers complete the looks, reinforcing denim as both uniform and statement.

“I love Calvin Klein jeans because they’re designed to be lived in,” said Jung Kook. “The looks I wore for this campaign nod to ‘90s style while feeling completely modern. It was exciting to bring together my love of music, dance and fashion against the energy of the city.”

Note: The headline, insights, and image of this press release may have been refined by the Fibre2Fashion staff; the rest of the content remains unchanged.

Fibre2Fashion News Desk (RM)



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