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The Latest Breaking News from Bernard Arnault

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

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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

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

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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.

Fortune

Sephora North America names its next CFO

Delphine Herve joined the company in 2014.

Fortune

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.

International Business Times UK

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.

Fortune

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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.

The Independent UK

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

These may be the most luxurious Olympics ever

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International Business Times

Richemont: Luxury Group In Sights Of LVMH'S Arnault?

The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South African billionaire Johann Rupert, always dismisses.

Fortune

David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Skydance Media is buying Paramount Global with help from his billionaire dad, Larry Ellison, founder of Oracle. To earn respect, he'll have to walk a tightrope.

International Business Times UK

Blackpink Lisa's Boyfriend: Who Is Frédéric Arnault And What Is His Net Worth?

Although not confirmed, Frederic and Lisa's 'relationship' has been subject to speculations considering the couple's connection to luxury brands

Fortune

LVMH CEO and world’s richest man Bernard Arnault reveals what motivates him to work 12-plus-hour days, even at 75

The luxury magnate spends his mornings listening to classical music and his free time playing tennis with Roger Federer.

Fortune

LVMH’s Bernard Arnault got a letter from 93-year-old Warren Buffett saying he was making a mistake by upping his retirement age to only 80

The Arnaults' clout in the luxury world has conjured "Succession" parallels over who might take over. But Bernard Arnault doesn't plan to retire just yet.

Fortune

Europe’s richest man Bernard Arnault just bought a quirky 3-star Parisian bistro that makes $100 roast chicken

The Parisian bistro may be more low key than LVMH's other businesses, but it has hosted many A-listers visiting the French capital.

Fortune

Forget STEM. Paris university head says secret to France’s AI brains is a focus on the humanities

The provost of Bernard Arnault and Mistral founder Arthur Mensch's college wants students to be well-rounded.

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