The Latest Breaking News from Bernard Arnault

“Some people want to do a bit like Hermès, but it doesn’t work out at the end of the day,” Hermès executive chair Axel Dumas said in February.

Luxury giant LVMH saw sales fall two percent to 20.3 billion euros ($23 billion) in the first quarter of 2025 as US President Donald Trump's tariffs shook the global economy, the company said on Monday.

LVMH CFO Cécile Cabanis said, “Aspirational clientele is always more vulnerable in less positive economic cycles.”

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LVMH bought a 10% minority stake in Double R, Moncler’s largest shareholder and the vehicle owned by its CEO Remo Ruffini, six months ago.

LVMH CEO Bernard Arnault wants to stay at the helm of the luxuary goods firm when he is in his 80s.

The legendary 94-year-old investor Warren Buffett wrote to Arnault after LVMH raised its retirement age to 80 in 2022, saying the age limit was much too conservative.

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A Paris court has found the former head of France's domestic security services, Bernard Squarcini, guilty of influence-peddling and using public resources to benefit LVMH. The trial shed light on efforts by LVMH – the world's biggest luxury group – to protect its reputation.