The Latest Breaking News from LVMH

Paris (AFP) - The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States and Japan.

Luxury goods group LVMH's sales rose 9% in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to partly offset COVID disruptions in China. Sales at the world's biggest luxury group reached 22.7 billion euros ($24.65 billion) in the final three…

French luxury house, Louis Vuitton Malletier, also known as Louis Vuitton is witnessing a management change. The chairman of the company, Bernard Arnault has reshuffled top management. Now, Pietro Beccari, who has been the head of Dior since 2018, will replace long-time Louis Vuitton CEO Michael Burke and Bernard has…

LVMH is thriving under CEO Bernard Arnault and his offspring. Why not let the billionaire bling kids do what they do best?

Arnault, 73, overtook Tesla founder Elon Musk as the world’s richest man last year

The management changes will be effective on 1 February.

Paris (AFP) - French billionaire Bernard Arnault announced Wednesday that his daughter Delphine would head his LVMH luxury empire's Dior fashion house in a leadership shuffle also featuring a new CEO at flagship brand Louis Vuitton.

Luxury giant’s brands have been riding a postpandemic boom.

All five of Arnault’s children are involved in the management of his luxury fashion empire at senior levels