Luxury goods company LVMH, which owns brands including Louis Vuitton, Dior and Fendi, has signed an agreement with Miami Design District to improve the environmental performance of its stores in the district.
Unveiled this week during Miami art week, the agreement will see the stores from the company's 15 brands in the district powered by solar from 2025. It also includes commitments on water and power use as well as material choices.
The agreement will allow the stores to be powered by renewable sources, even though LVMH does not own the properties.

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"In most of our retail we don't own the premises, we're tenants, so we don't pay for the power or utilities, we pay our ledger," said CEO of LVMH North America Anish Melwani who signed the agreement with Craig Robins, CEO of Dacra, which co-owns Miami Design District. "So even if you want to find renewable power there isn't a way to do it," he continued. "So that is the problem-solving that was required."
The Miami Design District is a neighbourhood in Miami, which has been developed since the early 2000s by Dacra and includes numerous luxury fashion stores, design shops and art institutions including the Institute for Contemporary Art.
It is home to 15 LVMH brands including Marc Jacobs, Givenchy, Fendi, Dior, Sephora, Bulgari, Hublot, Tiffany & Co, Berluti andÂ...