Lvmh

From US President Donald Trump's plan to impose tariffs on China, Mexico and Canada, to luxury brand LVMH's better-than-expected sales, here's a look at some of the major developments from across the world.

Bulgari CEO eyes India for growth as China luxury demand weakens

Global luxury giants from LVMH Moet Hennessy Louis Vuitton SE to Kering SA saw their sales in China slump in the first nine months of this year

World Street | Open AI's valuation soars to $150 bln, Pfizer's stake sale in Haleon, Yen weakens and more

From Tesla's persisting problems to Formula One and LVMH's latest 10-year long tie-up, here's a look at some of the major developments from across the world.

LVMH's luxury wares earn top billing at Olympics opening

Grammy-winner Lady Gaga delivered an energetic performance of Renee 'Zizi' Jeanmaire's "Mon truc en plumes" (My Feather Friend) decked out in a Dior Haute Couture black feather jacket over a black satin bustier.

Dior, Armani buys bags worth Rs 4,700 and Rs 8,300 from suppliers, resell it for lakhs: Report

Investigators also found that the workers operated machines from which safety devices had been removed to increase productivity, thus compromising their safety. These staff typically worked from dawn until after 9 pm, including on weekends and holidays.

Louis Vuitton's Bernard Arnault beats Elon Musk, becomes world's richest person. His net worth is...

The 74-year-old Bernard Arnault first surpassed Elon Musk in December 2022 as the tech industry struggled and luxury showed resilience in the face of inflation.

Elon Musk and Bernard Arnault, world's two richest people, meet for a power lunch in Paris

Elon Musk and Bernard Arnault, the two richest people in the world, met for lunch in Paris on Friday, June 16.

Luxury stocks take $30 billion hit as LVMH, Hermes lead slump

Shares in Hermes International slumped as much as 5%, while LVMH Moet Hennessy Louis Vuitton SE dropped 4% and Gucci owner Kering SA saw its stock drop over 2%

LVMH’s market value surpasses $500 billion, a first in Europe

The achievement comes less than two weeks after LVMH joined the ranks of the world’s 10 biggest companies, powered by a surge in first-quarter sales.

World's richest man auditions 5 children over 90-minute lunches to pick a successor: Report

French billionaire Bernard Arnault gathers his four sons and a daughter for a 90-minute lunch once a month at the headquarters of LVMH.

Luxury Fortunes Jump $93 Billion on Demand Boom for Hermes, Dior

A clutch of French companies dominate the global market for luxury and beauty goods, making their founders and heirs even wealthier than before.

Protesters in France storm headquarters of the world's richest man. See pics

'If you’re looking for money to finance pensions, take it from the pockets of billionaires,' a protester said.

Europe's LVMH breaks into global top 10 league with market value nearing $500 billion

LVMH’s soaring sales show that demand for highly priced goods remains unabated even as a global economic slowdown looms.

China saves LVMH and Big Bling from a fashion faux pas

Market expectations were high for Chinese customers to buttress stock valuations. And they’ve delivered — for now

What’s different about brand Deepika Padukone

Being Oscar presenter is the least — and slightest — of Deepika Padukone’s achievements in the last year. In 2022, she became the most global of Indian celebrity brands; the dream run continues.

Elon Musk is the richest person in the world again. His net worth is $187 billion

Elon Musk reclaimed the top seat from Bernard Arnault, CEO of French luxury brand LVMH.

World's richest man vs mother of autistic girl: ‘Pure bullying’

After the Australian woman registered the trademark for Kenz Beauty, she received a letter from Kenzo’s legal team threating them of legal action. Kenzo is owned by Bernard Arnault's LVMH.

Tycoon's wild $3 billion gamble on ‘China's LVMH’ crashes

Based in the hometown of Confucius, Chairman Qiu Yafu spent more than $3 billion snapping up assets from the boulevards of Paris to the heart of London tailoring on Savile Row.

Luxury group LVMH beats expectations despite China drag on sales

LVMH reported better than expected second-quarter sales, with robust U.S. growth and a recovery in Europe offsetting declining revenue in Asia, where lockdowns in China disrupted business.

L Catterton Asia looks to cede control in Social, Smoke House Deli operator; Piramal-Bain Fund in race

In 2017, L Catterton Asia had invested in Impresario, which backs popular f&b labels Social and Smoke House Deli.

Louis Vuitton may consider metaverse as business opportunity

Stating that the metaverse could “offer a business opportunity”, LVMH CEO Bernard Arnault during the company’s earnings call, noted that they however “have to be wary of bubbles”

Robbers steal jewels worth 10 million euros from Paris Bulgari store

The thieves who targeted the Bulgari outlet abandoned some of their loot as they made their getaway.

3 business success tips from the world’s richest person: Bernard Arnault of LVMH

Thanks to the unpredictable currents of the financial world, Bernard Arnault of LVMH has overtaken Jeff Bezos as the world’s richest person. Here are some of his business mantras.

LVMH-backed fund to buy 60% of Italian fashion label Etro

The deal values Etro at about 500 million euros ($590 million), the sources said, confirming reports in Italian newspapers La Repubblica and Il Sole 24 Ore.

Tiffany says LVMH countersuit an attempt to avoid full purchase price

Disputing LVMH's claim that the "pandemic had devastated Tiffany's business", the US jeweler said it only experienced a single quarter of losses before returning to profitability.