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The Latest Breaking News from LVMH

Bernard Arnault turned a one-franc deal in 1984 into a €319 billion luxury empire

The French tycoon bought Dior three years before founding LVMH in 1987.

Fortune

Louis Vuitton, Notre Dame and the quest for ‘secular immortality’

The reopening of Notre-Dame de Paris has recalled debate over the €200 million contribution of France’s Bernard Arnault, the CEO of the LVMH luxury group, to its restoration. Announced in the hours after fire devastated the cathedral in April 2019, the donation surprised many but aligned with Arnault’s track record as a…

The Conversation

Bernard Arnault's Bold Challenge: Paris FC Rises to Confront Qatar's PSG Dominance

The Parisian football landscape is undergoing a profound transformation, marked by the recent acquisition of Paris Football Club (FC) by the Arnault family, owners of the luxury conglomerate LVMH, in partnership with Red Bull.

inkl

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French Luxury Mogul Arnault Defiant At Ex-spy Chief Trial

France's richest man, LVMH chief Bernard Arnault, testified Thursday in the influence-peddling trial of the former head of France's domestic intelligence agency, denying any knowledge of an alleged scheme to protect the luxury group.

International Business Times

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

Hennessy Plans to Move Cognac Bottling from France to China in Major Break with Tradition

On Tuesday, French luxury conglomerate LVMH announced that it would be considering plans to shift bottling efforts to China in an attempt to cope with protectionist measures enforced upon imports of European alcohol.

Latin Times

Strike At French Cognac Maker Hennessy Over Measures In China Spat

Hundreds of employees of French cognac maker Hennessy, part of the LVMH group luxury empire, went on strike on Tuesday to protest measures the brand plans to employ to circumvent Chinese tariffs imposed in a spat with the EU.

International Business Times

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50 million people have stopped buying luxury brands like Dior and Burberry after 'broken promises' to customers

“A fabulous ice cream sundae is boring by the time you have it the fifth time,” a retail analyst told Fortune.

Fortune

Bernard Arnault's son Alexandre is climbing the ranks as new deputy of Moët Hennessy. Here’s what it means for LVMH’s succession plan

“By transitioning to a Paris HQ position, Alexandre gains proximity to the group’s strategic core,” an expert said of the Arnault family's succession.

Fortune

Former French security agency head is in court for allegedly spying for LVMH billionaire Bernard Arnault

LVMH CEO Bernard Arnault is set to appear in court as a witness later this month.

Fortune

Bernard Arnault vs. Elon Musk's X: Why Are Two Of The World's Richest Men Battling It Out In Court?

Bernard Arnault, CEO of LVMH, sued Elon Musk's X for copyright infringement, accusing the platform of using their content without permission.

International Business Times UK

Burberry shares rise after reports Moncler is considering bid

Head of LVMH, an investor in Italy’s Moncler, reportedly keen to get deal done with British luxury brand

The Guardian - UK

Mercedes’s Formula 1 team is hiring a ‘clothing executive’ to dress its drivers

The job opening coincides with fashion icon Lewis Hamilton’s departure from the team to Ferrari next season.

Fortune

"True innovation is tech-agnostic”: a day in the life of Kiser Barnes

Red Antler's CCO discusses the metaverse and the importance of emotional resonance through thoughtful design.

Creative Bloq

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Fortune

There’s a new power player at CVS after Karen Lynch’s dismissal—but he’s not CEO

Roger Farah, who worked behind the scenes to right Ralph Lauren and Tory Burch, will become executive chairman at CVS.

Fortune

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.

International Business Times

Prospective Paris FC Takeover Could Transform French Football Landscape

France's capital city may finally be about to have a second major football club, and a challenger to Paris Saint-Germain, with a takeover of Paris FC by the country's richest family along with energy drinks giant Red Bull expected to be announced in the coming days.

Fortune

Wall Street rebounds as corporate earnings boost sentiment

Nvidia shares rose 3.1%, after a sharp decline the previous day.

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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.

The Guardian - UK

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low

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.

The Independent UK

Kim Jones steps down as artistic director at Fendi to concentrate on his role at Dior Men's

British designer Kim Jones is stepping down from his role as artistic director of womenswear and couture at Fendi, parent group LVMH announced

Wallpaper

Kim Jones to exit Fendi after four years

Fendi has announced that Kim Jones is leaving his role as artistic director of womenswear and couture at the Italian house, though will remain at Dior Men

The Guardian - UK

Fashion experts raise concern about return to ‘extremely thin models’

Data shows reverse in trend towards inclusivity with 95% of looks in 208 recent shows modelled by size-zero women

Fortune

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.

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