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INSANE: 9 - The Real Truth

Sephora North America promotes Delphine Herve to finance chief—its first female CFO

This C-suite move follows the recent appointment of the company's first female CEO.

Fortune

Sephora North America names its next CFO

Delphine Herve joined the company in 2014.

Fortune

Kate’s wedding dress designer Sarah Burton named Givenchy creative chief

Macclesfield-born creative director left the top job at Alexander McQueen last year

The Guardian - UK

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LVMH's Bernard Arnault has quietly invested in AI startups via his family office

The AI startups raised $300 million in funding rounds this year, a part of which came from Arnault-backed tech VC Aglaé.

Fortune

Beyoncé announces American whiskey line in partnership with Moët Hennessy

The pop star says she was ‘predestined’ to launch whiskey line, SirDavis

The Independent UK

There are only 15 people whose wealth is greater than $100 billion (and some would be richer if they weren't giving it away)

LVMH’s Bernard Arnault remains in the $100 billion club despite a stock decline removing more than $10 billion from his net worth overnight.

Fortune

Expect More Product Placement At Olympics, Says IOC

The Olympics is set to feature more and more high-profile product placement in a major departure from the past when brands were kept away from the sport, the International Olympic Committee (IOC) said Wednesday.

International Business Times

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This Is What the American Section of a Fancy French Grocery Store Looks Like

Everyone knows hauling grocery bags can be an Olympic sport. In between competitions in Paris, we paid a visit to the aisle that stocks what France considers to be the U.S.’s national delicacies.

Sports Illustrated

Is luxury fashion in its flop era?

As #underconsumptioncore trends on TikTok and gen Z turns to vintage, high-end houses fret over stalling demand

The Guardian - US

Luxury pilgrimages bring tourists to Japan to scoop up high-end goods. Brands like LVMH would rather they not

Japan’s weak yen means travelers can get hefty discounts on Louis Vuitton handbags and TAG Heuer watches.

Fortune

Who Is Nicolas Puech? Hermes Descendant Who Wanted To Leave Billions To His Gardener Blames Wealth Manager For Missing Fortune

Hermes heir Nicolas Puech faces a legal battle amid plans to adopt a former employee and inherit his fortune. The future of his foundation is uncertain.

International Business Times UK

Musk Warns Against Nepotism: 'Kids Make You Happy But Don't Automatically Pass Your Business To Them'

Elon Musk advocates for a meritocratic approach to corporate succession, opposing the automatic passing of businesses or shares to children without considering their qualifications.

International Business Times UK

OPINION - Louis Vuitton medal trays can't hide the luxury slump that's afflicting fashion

Only the fashion industry could make partying while Rome burns (take your pick from global crises), look quite so fabulous. The night prior to the Olympic opening ceremony, Dame Anna Wintour jetted into Paris to host what felt like an extended version of June’s Vogue World event.

Evening Standard

LVMH's Publicity In Olympics Ceremony Raises Eyebrows

LVMH's high profile and highly visible product placement in the Paris Games opening ceremony surprised marketing experts and raises the possibility it could cause problems for the International Olympic Committee with their long-term sponsors.

International Business Times

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Luxury Brands Redefine Fashion Landscape At Paris 2024 Olympics

Luxury brands are making a mark at the Paris 2024 Olympics, blending high fashion with athletic events in a new era of brand experiences.

Fortune

LVMH says its wine business took a 12% hit because people are too sad to buy champagne

LVMH CFO anticipates sales volumes will be “less bad” in the second half of the year.

The Independent UK

French sprinter Sounkamba Sylla says she's barred from the Olympic opening ceremony due to her hijab

French sprinter Sounkamba Sylla says she has been barred from Friday’s opening ceremony at the Paris Olympics because she wears a hijab, and the French Olympic Committee said it is working with her to find a solution that adheres to the team’s secular requirements for athletes

The Guardian - UK

Shares in LVMH and Kering down as shoppers rein in luxury spending

Shares down 4.4% on Wednesday as demand for fashion, watches, leather goods, perfumes and cosmetics slows

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Wallpaper

Designing the Olympics: Wallpaper* interviews Joachim Roncin, director of design for Paris 2024

How do you begin to design the Olympics? We pulled up a pew with the director of design for Paris 2024 to learn more about gender-free mascots with a genital likeness and medals made from the Eiffel Tower

Fortune

Gen Z buying Prada and Dior fakes to 'achieve a sense of social equality'

Awareness of income inequality, not bargain huntng, will likely make you buy counterfeit LVMH, university study reveals.

Fortune

LVMH’s wine, champagne and handbags still can’t win back budget-tight Chinese consumers rationing their luxury purchases

“Continued economic and geopolitical uncertainties are still impacting certain businesses, notably wine and spirits,” LVMH CFO Jean-Jacques Guiony said.

The Independent UK

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

These may be the most luxurious Olympics ever

The Guardian - UK

Hammerson sells £1.5bn stake in Bicester Village owner to private equity firm

Property company will use some of proceeds with LVMH-backed investor L Catterton to pay down debt

Fortune

Sephora North America's CEO has a leadership style informed by growing up an outsider

"I think it's critical that, as a leader, you hire people that have different points of view than you do," says Sephora North America CEO Artemis Patrick.

International Business Times

Richemont: Luxury Group In Sights Of LVMH'S Arnault?

The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South African billionaire Johann Rupert, always dismisses.

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