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INSANE: 9 - The Real Truth

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

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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

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.

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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.

Fortune

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 Independent 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

The Guardian - UK

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

Wallpaper

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.

Fortune

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 Independent UK

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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.

Fortune

David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Skydance Media is buying Paramount Global with help from his billionaire dad, Larry Ellison, founder of Oracle. To earn respect, he'll have to walk a tightrope.

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International Business Times UK

Blackpink Lisa's Boyfriend: Who Is Frédéric Arnault And What Is His Net Worth?

Although not confirmed, Frederic and Lisa's 'relationship' has been subject to speculations considering the couple's connection to luxury brands

Fortune

LVMH CEO and world’s richest man Bernard Arnault reveals what motivates him to work 12-plus-hour days, even at 75

The luxury magnate spends his mornings listening to classical music and his free time playing tennis with Roger Federer.

Fortune

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

Europe’s richest man Bernard Arnault just bought a quirky 3-star Parisian bistro that makes $100 roast chicken

The Parisian bistro may be more low key than LVMH's other businesses, but it has hosted many A-listers visiting the French capital.

Fortune

Forget STEM. Paris university head says secret to France’s AI brains is a focus on the humanities

The provost of Bernard Arnault and Mistral founder Arthur Mensch's college wants students to be well-rounded.

The Guardian - UK

Pharrell Williams celebrates ‘human athletic prowess’ at Paris fashion week

Musician and designer takes inspiration from Olympics and Euros for his Louis Vuitton show

International Business Times

LVMH, Accor Team Up To Develop Orient Express Brand

French hotel group Accor and luxury goods giant LVMH said Thursday they had entered into a "strategic partnership" to develop the fabled Orient Express brand.

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