It will launch in May.
Luxury conglomerate LVMH Moët Hennessy Louis Vuitton is planning a broad-based e-commerce site, the Financial Times reports.
The site is slated to launch in May. It will be called Le Bon Marché, which is the name of a department store that LVMH owns in France.
The site will sell all of LVMH’s brands plus those of other luxury-goods companies, according to the Financial Times.
Business of Fashion reports: “It is unclear if the new online iteration of Le Bon Marché will operate on a wholesale or marketplace model, although wholesale is the likely avenue.”
Among LVMH’s eyewear brands are Givenchy, Celine and Louis Vuitton.
The new e-commerce effort will put LVMH in competition with sites such as Farfetch, Net-A-Porter and Matchesfashion.com.
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It was announced in February that LVMH and Marcolin were forming a joint venture for design and manufacturing.
Read more at the Financial Times (subscription required).
