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BIZARRE: 6 | Mind Blowing Facts

Giorgio Armani plans to control his fashion empire even in death with a succession plan that details everything from style to IPOs and mergers

The fashion billionaire has reportedly provided his six heirs with instructions on everything from appointing style directors to going public.

Fortune

LVMH boss Bernard Arnault has just lost his spot as the world’s second-richest person to Amazon founder Jeff Bezos

LVMH CEO Bernard Arnault has seen his wealth overtaken by that of Amazon founder Jeff Bezos.

Fortune

Birkenstock: Brothers behind shoe brand are worth $3.5 billion

Birkenstock’s seemingly ubiquitous $130 leather sandals have helped the German family behind the brand build one of the biggest footwear fortunes on the planet.

The Times of India

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Bernard Arnault, the world's second richest man, may be seeing the end of his winning streak as luxury shoppers bolt for the first time in years

LVMH boss Bernard Arnault's wealth topped $200 billion in April surpassing Elon Musk as luxury industry made big gains—but the tide may now be turning.

Fortune

European luxury stocks may not have shaken off the impact of economic pressures just yet as a key index that tracks the top 10 luxury stocks declined the most in a quarter since 2020

The luxury stock index, which includes LVMH, Ferrari and Richemont, is under pressure due to tighter consumer spending globally—especially in China.

Fortune

Birkenstock set to float on stock market with valuation of nearly $10bn

German sandal maker has come a long way from its founding in 1774 as a maker of orthopaedic shoes to going public on the NY stock exchange

The Guardian - AU

World’s second richest man LVMH's Bernard Arnault under investigation in Paris over connections to Russian oligarch

French prosecutors said the investigation has been underway since 2022. Bernard Arnault's lawyers said money-laundering allegations linking to Nikolai Sarkisov were "absurd and groundless."

Fortune

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Victoria Beckham raises the barre with ballet-inspired Paris show

Oversized knits and even hair nets were given a chic glow-up, while Loewe served urbane surrealism

The Guardian - UK

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

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

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Radio France Internationale

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…

The Independent UK

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

Daily Mirror

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

The Guardian - UK

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

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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

Fortune

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.

The Guardian - UK

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

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.

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