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SHOCKING: 7 | Mind Blowing Facts

Billionaire Louis Vuitton owner Bernard Arnault and Russian oligarch investigated in money-laundering probe

Probe into loans allegedly given to a Russian oligarch to buy a luxury Alpine resort

The Independent UK

French billionaire investigated in money laundering probe

French billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are under investigation for alleged money laundering at a luxury Alpine resort, according to Paris prosecutors.

Radio France Internationale

‘Saint-Tropez has become LVMH Ville’: locals slam super-rich ‘takeover’

The annual influx of billionaires is leading to ‘odious’ practices in the French Riviera town

The Guardian - UK

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Marc Bohan obituary

Couturier who led the house of Dior for three decades and dressed Grace Kelly, Sophia Loren and Lauren Bacall

The Guardian - UK

Millionaire businessman donates €10m to struggling French food charity

Head of the French luxury LVMH empire, Bernard Arnault said he would donate €10 million to Les Restos du Coeur, a charity that provides meals and groceries for those in need. The organisation had earlier warned it may have to turn away some 150,000 people this winter as it struggles…

Radio France Internationale

Coach parent buys Versace and Michael Kors owner for $8.5 billion as U.S. big fashion races to catch up with billionaire Bernard Arnault’s European luxury giant LVMH

Tapestry’s acquisition of Capri is a move to wield greater influence in the European-dominated luxury market and mitigate the effects of slowed consumer spending.

Fortune

France to bring artisanal know-how to 2024 Olympic Games

With just one year to go, France is getting ready for the summer Olympic games that will begin with an extravagant ceremony scheduled for 26 July 2024. While organisers race to finalise security details, French brands and sponsors are also putting their best foot forward to get their share of…

Radio France Internationale

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Luxury group LVMH joins top-tier French sponsors of the 2024 Paris Olympics and Paralympics

The world’s biggest luxury group, LVMH Moët Hennessy Louis Vuitton, has announced a sponsorship deal with the 2024 Paris Olympics and Paralympics

The Independent UK

Tiffany's New York fire: Huge blaze tears through refurbished Fifth Avenue building

Images show smoke billowing from the newly refurbished iconic Tiffany's building in Fifth Avenue, Manhattan New York - fire crews report a 'high voltage electrical fire' in the basement

Daily Mirror

He’s the world’s richest man. So why do we hear so little from Bernard Arnault?

France does not expect much in the way of philanthropy from its low-profile billionaire class. Perhaps it should, says Alexander Hurst of Sciences Po

The Guardian - UK

Billionaires ‘disappointed’ after superyachts banned from Naples port

Yacht belonging to world’s second-richest man, Bernard Arnault, falls victim to new size restrictions at Italian city’s Mergellina port

The Guardian - UK

The world’s two richest men had lunch in Paris as Elon Musk’s grand tour of Europe continues

Tesla CEO Elon Musk and LVMH CEO Bernard Arnault dined at Cheval Blanc with family members.

Fortune

Twitter and Tesla’s interests at odds in Elon Musk’s quiet China visit

The world’s richest person lapsed into an unusual silence on social media during his trip to the electric carmaker’s second largest market

The Guardian - UK

Elon Musk reclaims title of world’s richest person

Maverick head of Tesla and Twitter overtakes French billionaire Bernard Arnault, head of the LVMH luxury goods empire

The Guardian - UK

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Fortune

How did Bernard Arnault make his money?

Following Arnault’s buyout of Boussac, the billionaire fired 9,000 people working for the company, sold off most of the group’s assets (except the Dior brand), and earned the nickname “the Terminator.”

Kiplinger

What is Elon Musk's Net Worth?

Elon Musk is the billionaire behind Tesla, Space X, and most recently, Twitter, but what is Elon Musk’s net worth and how did he make his money?

Barchart

Watchmaker On Pace To Join Billion-Dollar Club

Swiss luxury watchmaker, TAG Heuer, is growing its sales, under the leadership of Bernard Arnault's son, Frédéric Arnault.

Fortune

World’s richest person sees $11 billion in wealth wiped out

A share price bloodbath massively impacted Bernard Arnault's wallet - but he's still the wealthiest person on the planet.

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The Hindu

Why quiet luxury in India is not quiet

Subdued old-money aesthetic is being discussed as America’s biggest fashion trend, but in the subcontinent things are a little different

ABC News

Bernard Arnault, the world's richest man, has six years to pick a successor. Will one of his children rise?

When the world's richest person sits down for monthly lunches in Paris with his five children, he's searching for his successor. Welcome to the house of Arnault.

Kiplinger

The Richest People in the World as 2024 Ends

Where the richest people in the world ended 2024, including Larry Ellison, Elon Musk and Warren Buffett.

Daily Mirror

Armed robbers steal millions of pounds worth of jewellery in raid on Bulgari store

The latest raid saw three men arrive at the boutique in Place Vendome in broad daylight on Saturday afternoon, as dozens of tourists and other passers-by looked on

Financial Times

Will the extraordinary boom in luxury goods ever end?

The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth

The Guardian - UK

LVMH becomes first European company to reach $500bn valuation

Shares in group, which owns Louis Vuitton, Christian Dior and Tiffany, are up 30% this year

Barchart

Elon Musk Could Learn a Thing or Two From Bernard Arnault

Luxury conglomerate LVMH reported Q1 2023 results on April 12. You would hardly know from its results that there was a possible recession around the corner. Iconic companies tend to be like that.

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