The AI revolution is coming. Invest in $10,000 handbags Analysis shows LVMH, Dior, Hermès and Gucci owner Kering have consistently outperformed Amazon, Google and Apple The Guardian - UK · Oct 11, 2023
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 · Oct 11, 2023
Luxury goods giant LVMH’s shares fall on slower sales growth update Shares in LVMH fell this morning after investors reacted to the Paris-listed luxury goods powerhouse recording slower sales. Evening Standard · Oct 11, 2023
LVMH hit by growth slowdown amid fall in demand for high-end drinks Rising inflation and global instability also blamed for fall in revenue growth in third quarter The Guardian - UK · Oct 11, 2023
Flights begin taking off from Luton airport again after fire, as officials suggest blaze accidental – as it happened Birkenstock to float in New York with market value of $8.6bn (£7bn), as IMF/World Bank hold annual meetings in MarrakechLuton airport closed and flights suspended after huge fire in car park The Guardian - UK · Oct 11, 2023
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 · Oct 9, 2023
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 · Oct 2, 2023
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 · Sep 29, 2023
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 · Sep 29, 2023
‘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 · Sep 29, 2023
Antoine Tessier Named CEO of duPont Registry Group Technology and luxury lifestyle industry leader Joins from LVMH Group. Motor1 · Sep 20, 2023
Paris v Milan: let battle commence for Europe’s fashion capital crown Milan is the ascendant underdog, Paris the starry frontrunner. And what of post-Brexit London? The Guardian - UK · Sep 20, 2023
Novo Nordisk beats LVMH to become Europe’s most valuable company after it takes its ‘miracle’ weight loss drug Wegovy to the U.K. The Danish pharma giant overtook French luxury conglomerate LVMH as the most valuable European company, which held the title since 2021. Fortune · Sep 5, 2023
Danish pharma group becomes Europe's most valuable firm after UK weight loss drug launch Danish drugmaker Novo Nordisk is now Europe's largest company in market capitalisation, ahead of French luxury giant LVMH. This follows the UK launch of Wegovy, a weight loss drug that cuts appetite and cravings. Tens of thousands of people have already signed up to waiting lists for the treatment. Also… France 24 · Sep 5, 2023
The Guardian - UK · Sep 5, 2023 Wegovy maker Novo Nordisk becomes Europe’s most valuable firm Launch of weight-loss drug in UK helps Danish firm to market value of $428bn
Radio France Internationale · Sep 5, 2023 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…
Fortune · Aug 31, 2023 Cold email landed me my first job at LVMH, says Nespresso’s U.K. CEO Anna Lundstrom got her first job off the back of an email to Xavier de Royère while she was still a student.
Barchart · Aug 25, 2023 Should You Buy the Dip on This Luxury Retail Stock? LVMH stock just corrected, but the pains could intensify as the typically resilient luxury goods firm feels the heat of a downturn among aspirational consumers.
Fortune · Aug 15, 2023 The 'richcession' is real—Unemployment is rising for the 6-figure salary set, BofA data shows People making $125,000 and more are getting laid off faster than anyone else, in a reversal of the typical recession playbook.
The Guardian - UK · Aug 10, 2023 Versace’s new owner wants to be a big beast. But it’s no match for Europe’s behemoths Tapestry’s purchase of three big fashion names gives it heft. But LVMH and Kering have the front row to themselves
Fortune · Aug 10, 2023 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.
The Independent UK · Aug 10, 2023 Coach parent Tapestry buying Capri, owner of Michael Kors and Versace, in $8.5 billion deal Tapestry, parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy Choo, Capri Holdings
Radio France Internationale · Jul 26, 2023 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 · Jul 25, 2023 What you need to know about the massive LVMH deal with the Paris Olympics The luxury goods company has announced a multi-brand partnership with the XXXIII Games.
The Independent UK · Jul 25, 2023 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