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The Latest Breaking News from Bernard Arnault

LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn't the answer

“I think it would be a mistake,” said LVMH CFO Jean-Jacques Guiony during the company’s earnings call this week.

Fortune

LVMH’s Bernard Arnault sees nearly $10 billion in wealth wiped out after share-price bloodbath

In March, Bernard Arnault was the world’s richest person—with $48 billion more to his name.

Fortune

Bernard Arnault’s email address was accidentally leaked by the U.K. government on the eve of its make-or-break investment summit

LVMH CEO Bernard Arnault was cc'd in an email sent to invitees—he was one of many whose emails were accidentally leaked.

Fortune

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UK Government apologises for sharing email address of one of world’s richest men

THE UK Government has apologised after accidentally sharing the email address of one of the world’s richest men in the run-up to a major global…

The National (Scotland)

Government apologises for accidentally leaking email address of one of world’s richest men

Department for Business and Trade has referred itself to the data protection watchdog over ‘human error’

The Independent UK

Bernard Arnault loses $13 billion in a single day as China's uncertain recovery undermines billionaire's wealth

Hopes that China's stimulus plans could inject a much-needed boost among luxury players, including LVMH, have been dashed in recent days.

Fortune

What we can expect from LVMH's billion-dollar F1 deal

A recent partnership offers some clues to how luxury conglomerate LVMH will approach its 10-year megadeal with F1.

Motorsport

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Mark Mann-Bryans: Latest global deal shows F1 is a luxury brand in itself

A luxury conglomerate boasting world renowned names, sought after brands and a global appeal announced a landmark partnership on Wednesday evening – as they agreed a deal with LVMH.

Autosport

Formula 1 and LVMH sign 10-year partnership deal

Luxury brands such as Louis Vuitton and Moët Chandon will be present on the Formula 1 grid from next year after Liberty Media agreed a 10-year global partnership with LVMH which could be worth a reported $1 billion.

Motorsport

Paris Match magazine shifts ownership to billionaire Bernard Arnault

French billionaire Bernard Arnault has added another jewel to his media crown, taking control of Paris Match, one of France's best-known weekly magazines.

Radio France Internationale

France's Richest Man Takes Control Of Paris Match Magazine

Paris Match, a glossy French weekly known for its celebrity exclusives on Tuesday became part of the media empire of France's richest man Bernard Arnault, after a stint under right-wing tycoon Vincent Bollore's ownership.

International Business Times

Mark Zuckerberg loses spot as world's 3rd richest person to LVMH's Bernard Arnault

"'Quiet luxury' has supported average selling price at the expense of volumes," Bank of America analysts wrote. "The industry needs to pivot back to creativity."

Fortune

LVMH invests in $2,000 TikTok-viral ski jacket maker

Moncler has become all the rage in recent years under Remo Ruffini's leadership—and LVMH was probably drawn to its success.

Fortune

Hermès boss doesn’t like the company being compared to LVMH

Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to stratospheric success.

Fortune

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Fortune

LVMH's Bernard Arnault became richer after China unveiled its stimulus measures

China's stimulus measures boosted shares across the world, including those of luxury companies like LVMH, shoring up Bernard Arnault's wealth.

Fortune

Bernard Arnault sent a memo banning LVMH staff from talking to certain news outlets

The LVMH patriarch warned employees in a memo reported by French media that if they spoke to the blacklisted outlets, there would be "consequences."

Fortune

Bernard Arnault plummets down the list of world’s richest men after a $54 billion collapse

The LVMH founder's falling net worth is a sign of a struggling luxury goods industry.

Fortune

Sephora North America promotes Delphine Herve to finance chief—its first female CFO

This C-suite move follows the recent appointment of the company's first female CEO.

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Fortune

Sephora North America names its next CFO

Delphine Herve joined the company in 2014.

International Business Times UK

The Centibillionaires Club: 15 People Worth Over $100 Billion And Three More About To Join Their Ranks

Although there are only 15 centibillionaires, their combined wealth is around $2.3 trillion, according to the Bloomberg Billionaires Index.

Fortune

LVMH's Bernard Arnault has quietly invested in AI startups via his family office

The AI startups raised $300 million in funding rounds this year, a part of which came from Arnault-backed tech VC Aglaé.

Fortune

There are only 15 people whose wealth is greater than $100 billion (and some would be richer if they weren't giving it away)

LVMH’s Bernard Arnault remains in the $100 billion club despite a stock decline removing more than $10 billion from his net worth overnight.

Investors Business Daily

The World's 10 Richest Men Just Lost $45 Billion. This Tech Founder Is The Biggest Loser.

The world's biggest billionaires had a rough Friday, led by Amazon founder Jeff Bezos. But most have had a great 2024.

International Business Times UK

Musk Warns Against Nepotism: 'Kids Make You Happy But Don't Automatically Pass Your Business To Them'

Elon Musk advocates for a meritocratic approach to corporate succession, opposing the automatic passing of businesses or shares to children without considering their qualifications.

Fortune

LVMH’s wine, champagne and handbags still can’t win back budget-tight Chinese consumers rationing their luxury purchases

“Continued economic and geopolitical uncertainties are still impacting certain businesses, notably wine and spirits,” LVMH CFO Jean-Jacques Guiony said.

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