#luxury-goods

#luxury-goods

The fortunes of France's billionaires in luxury and cosmetics have sharply declined after pandemic-era highs, facing reduced demand and increasing political pressure for higher taxes.

Italy's fashion industry, vital to its economy, seeks government protection from potential U.S. tariffs under Trump's administration.

Kopelman transformed Chanel into a global luxury brand by blending marketing strategies with creative design.

LVMH's unexpected third-quarter sales drop reflects challenges in the luxury goods market, particularly related to China's economic slowdown.

Viltier, a unisex fine jewelry brand, was founded by childhood friends who transitioned from reputable industry roles to pursue their passion for design.

Rifles have transitioned from practical tools to collector's items, valued for quality and craftsmanship.

Bernard Arnault's wealth has decreased significantly, dropping him to fourth place among the world's richest billionaires due to LVMH's stock slump.

Bernard Arnault surpassed Elon Musk and Mark Zuckerberg in wealth gains for 2025, now ranking as the fourth richest person globally.

Bernard Arnault's wealth recently declined by around 20% due to decreased luxury goods demand, with LVMH reporting disappointing earnings.

Bernard Arnault's net worth dropped significantly due to LVMH's stock decline, making him the fifth richest person in the world.

Bernard Arnault's rise in luxury goods has established him as a key figure in the industry, with a significant family influence in LVMH.

Demand for luxury goods in mainland China is declining due to economic slowdown and changing consumer habits.

Global sales of personal luxury goods are expected to shrink in 2025, potentially impacted by tariffs and global economic challenges.

Burberry's profits dropped by 40% due to decreased demand for luxury goods in Asia and the Americas.