Bernard Arnault, the world's richest person, appoints son to CEO role at LVMH amid leadership shake-up
Alexandre Arnault is set to become Deputy CEO of Moët Hennessy in February 2025 as part of a restructuring at LVMH.
LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
Bernard Arnault's wealth has decreased significantly, dropping him to fourth place among the world's richest billionaires due to LVMH's stock slump.
Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown
LVMH's unexpected third-quarter sales drop reflects challenges in the luxury goods market, particularly related to China's economic slowdown.
Unachievable sales targets, lower commissions and more competition: How LVMH's $16 billion bet on Tiffany's has fallen short
LVMH's $16 billion acquisition of Tiffany & Co. faces challenges with unmet sales targets and staff departures under Arnault's ownership.
Bernard Arnault's wealth is slumping as the luxury boom falters
Bernard Arnault's wealth recently declined by around 20% due to decreased luxury goods demand, with LVMH reporting disappointing earnings.
Analysis of Hermes: The undisputed master of luxury - London Business News | Londonlovesbusiness.com
Hermès remains a strong player in the luxury market despite challenges faced by competitors, showcasing its business resilience and effective governance.
Bernard Arnault, the world's richest person, appoints son to CEO role at LVMH amid leadership shake-up
Alexandre Arnault is set to become Deputy CEO of Moët Hennessy in February 2025 as part of a restructuring at LVMH.
LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
Bernard Arnault's wealth has decreased significantly, dropping him to fourth place among the world's richest billionaires due to LVMH's stock slump.
Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown
LVMH's unexpected third-quarter sales drop reflects challenges in the luxury goods market, particularly related to China's economic slowdown.
Unachievable sales targets, lower commissions and more competition: How LVMH's $16 billion bet on Tiffany's has fallen short
LVMH's $16 billion acquisition of Tiffany & Co. faces challenges with unmet sales targets and staff departures under Arnault's ownership.
Bernard Arnault's wealth is slumping as the luxury boom falters
Bernard Arnault's wealth recently declined by around 20% due to decreased luxury goods demand, with LVMH reporting disappointing earnings.
Analysis of Hermes: The undisputed master of luxury - London Business News | Londonlovesbusiness.com
Hermès remains a strong player in the luxury market despite challenges faced by competitors, showcasing its business resilience and effective governance.
Former French security agency head is in court for allegedly spying for LVMH billionaire Bernard Arnault
Former intelligence chief faces trial for allegedly using public office for private gain, particularly regarding ties with billionaire Bernard Arnault.
LVMH's Bernard Arnault became richer after China unveiled its stimulus measures
Arnault's wealth fluctuates significantly with LVMH's performance, particularly influenced by the Chinese luxury market.
China's economic recovery plays a crucial role in the luxury sector, particularly for firms like LVMH.
Hermes boss doesn't like the company being compared to LVMH
Hermès aims for distinct luxury positioning and growth, not merely surpassing competitors like LVMH.
Bernard Arnault leapfrogs Mark Zuckerberg on wealth rankings with $30 billion boost, but analysts warn it may be short lived
Bernard Arnault's fortune increased by $30 billion due to a surge in LVMH's stock price after recent acquisitions and boosted consumer outlook.
Bernard Arnault loses $13 billion in a single day as China's uncertain recovery undermines billionaire's wealth
Arnault's wealth fluctuates significantly with China's economic conditions, underscoring the interdependency between luxury markets and Chinese consumer demand.
LVMH's Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath
Bernard Arnault's wealth fell nearly $10 billion after LVMH reported a 3% drop in third-quarter sales, reflecting broader struggles in the luxury market.
LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn't the answer
LVMH is facing challenges with a 3% revenue drop, emphasizing commitment to luxury branding rather than discounts.
LVMH's Bernard Arnault became richer after China unveiled its stimulus measures
Arnault's wealth fluctuates significantly with LVMH's performance, particularly influenced by the Chinese luxury market.
China's economic recovery plays a crucial role in the luxury sector, particularly for firms like LVMH.
Hermes boss doesn't like the company being compared to LVMH
Hermès aims for distinct luxury positioning and growth, not merely surpassing competitors like LVMH.
Bernard Arnault leapfrogs Mark Zuckerberg on wealth rankings with $30 billion boost, but analysts warn it may be short lived
Bernard Arnault's fortune increased by $30 billion due to a surge in LVMH's stock price after recent acquisitions and boosted consumer outlook.
Bernard Arnault loses $13 billion in a single day as China's uncertain recovery undermines billionaire's wealth
Arnault's wealth fluctuates significantly with China's economic conditions, underscoring the interdependency between luxury markets and Chinese consumer demand.
LVMH's Bernard Arnault sees nearly $10 billion in wealth wiped out after share price bloodbath
Bernard Arnault's wealth fell nearly $10 billion after LVMH reported a 3% drop in third-quarter sales, reflecting broader struggles in the luxury market.
LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn't the answer
LVMH is facing challenges with a 3% revenue drop, emphasizing commitment to luxury branding rather than discounts.
LVMH announces Kim Jones' departure from Fendi amidst significant leadership changes in the fashion industry, pointing to ongoing turbulence and brand re-alignments.
LVMH made a huge splash in its first big Olympics push. The retail giant should do it again, a luxury expert says.
LVMH's investment in the 2024 Paris Olympics is set to enhance brand visibility and establish luxury connections, offering a major marketing advantage.
LVMH signs major sponsorship deal with F1, replacing Rolex
LVMH signs major $1 billion sponsorship deal with Formula One, taking over from Rolex, highlighting its expansion in sports investment.
The deal marks a strategic shift in Formula One's branding, as LVMH aims to leverage the sport's growing popularity.
Luxury brands flex: How athletes have become a surefire fashion statement
LVMH allocates around 1% of profits, approximately $163 million, for premium sponsorship at Paris 2024 Olympics emphasizing values over money.
LVMH made a huge splash in its first big Olympics push. The retail giant should do it again, a luxury expert says.
LVMH's investment in the 2024 Paris Olympics is set to enhance brand visibility and establish luxury connections, offering a major marketing advantage.
LVMH signs major sponsorship deal with F1, replacing Rolex
LVMH signs major $1 billion sponsorship deal with Formula One, taking over from Rolex, highlighting its expansion in sports investment.
The deal marks a strategic shift in Formula One's branding, as LVMH aims to leverage the sport's growing popularity.
Luxury brands flex: How athletes have become a surefire fashion statement
LVMH allocates around 1% of profits, approximately $163 million, for premium sponsorship at Paris 2024 Olympics emphasizing values over money.
Exclusive | Sephora polishing up plans to open new store near High Line: sources
Sephora is set to open a new flagship store near the High Line, reinforcing its presence in New York City.
Tiffany is shrinking its China flagship store by half as luxury spending collapses
Tiffany & Co. is downsizing its Shanghai flagship store amid declining luxury sales in China.
The move reflects broader economic challenges impacting global luxury brands.
Beyonce Reveals Whisky Brand, SirDavis, Inspired by Family Roots
Beyoncé launches SirDavis whisky, paying homage to her great-grandfather and combining American, Japanese, and Scottish influences for a unique flavor profile.
How LVMH Stamped Its Mark on the Paris 2024 Olympic Games
LVMH is the premium partner for the Paris 2024 Olympic Games, showcasing dedication to high-level sports and sustainability through luxury collaborations.
The top four most valuable brands in the wine and champagne sector - London Business News | Londonlovesbusiness.com
LVMH dominates the wine and champagne sectors with the top four brands in 2024, reflecting strong brand value despite rising competition.],
tags:[
LVMH
Wine Industry
Brand Value
Sustainability
Market Trends
Louis Vuitton, Tiffany, and Dior stores are about to get much more sustainable
LVMH, the French luxury conglomerate, is partnering with the Miami Design District to reduce the impact of its storefronts in an effort to fight climate change.
The comprehensive plan includes using rainwater, shutting off lights after hours, and using green electricity, and it will serve as a blueprint for LVMH's entire fleet of 5,600 stores worldwide.
How LVMH Stamped Its Mark on the Paris 2024 Olympic Games
LVMH is the premium partner for the Paris 2024 Olympic Games, showcasing dedication to high-level sports and sustainability through luxury collaborations.
The top four most valuable brands in the wine and champagne sector - London Business News | Londonlovesbusiness.com
LVMH dominates the wine and champagne sectors with the top four brands in 2024, reflecting strong brand value despite rising competition.],
tags:[
LVMH
Wine Industry
Brand Value
Sustainability
Market Trends
Louis Vuitton, Tiffany, and Dior stores are about to get much more sustainable
LVMH, the French luxury conglomerate, is partnering with the Miami Design District to reduce the impact of its storefronts in an effort to fight climate change.
The comprehensive plan includes using rainwater, shutting off lights after hours, and using green electricity, and it will serve as a blueprint for LVMH's entire fleet of 5,600 stores worldwide.
Brands from Starbucks to LVMH are really hurting in one big market
Starbucks, LVMH, and L'Oreal faced challenges in China due to reduced consumer spending.
Chinese consumers are prioritizing saving and spending on experiences over products.
Starbucks plans to open more stores in suburban areas in response to declining sales.
LVMH is waiting for China's consumers to shop at home
Despite economic challenges in China, LVMH continues to target Chinese luxury consumers through marketing efforts.
Chinese luxury consumers are redirecting their spending to Japan due to the weak yen, impacting LVMH's revenue in Asia ex-Japan.
LVMH's wine, champagne and handbags still can't win back budget-tight Chinese consumers rationing their luxury purchases
Luxury industry has faced challenges recently, including the pandemic, affordability crisis, and sluggish demand from Chinese shoppers.
Hammerson divests 1.5bn stake in Bicester Village and other European outlets
Hammerson sells its stake in Value Retail to LVMH and L Catterton for £1.5 billion, focusing on core assets.
Critics question unveiled Olympic uniforms for France: Are sleeves just for men?'
People criticize Team France's 2024 Olympic outfits by LVMH and Berluti for featuring sleeveless tuxedos for women, sparking online controversy.
9 Paris Fashion Week Moments That Kept Us Talking
Paris Fashion Week is the biggest and most glamorous of the fashion weeks.
Key attendees included Victoria Beckham and notable figures like Antoine Arnault with potential business implications.
Marketing Briefing: Madison Avenue, Hollywood get closer, with marketers more 'open to bigger investments' in entertainment
Marketers are leveraging movies and TV to market brands.
Brands are exploring deeper ties with entertainment industry for marketing.
Why LVMH's new entertainment division is the future of brand content
Nike and LVMH are venturing into brand entertainment through internal content studios and partnerships with Superconnector Studios.
Content productions like documentaries, docuseries, and podcasts are being used as effective marketing tools by brands like Nike and LVMH.
LVMH Eyes Louis Vuitton Mega-Flagship in Beverly Hills
LVMH is considering building a Louis Vuitton flagship store on the site of a failed hotel project on Rodeo Drive.
Louis Vuitton is focusing on building bigger and more spectacular retail attractions, including a hybrid space in Paris that will include a store, cultural venue, and hotel.
U.S. Cognac Sales Are Plunging-Here's Why
Rémy Cointreau's U.S. sales have plunged by 43% in the first half of 2023 due to a drop in demand for expensive liquors and a promotional price war with rivals.
2023 is a down year for the spirits industry, with consumers trading down from premium to lower-priced spirits.
The Cognac category, including Rémy Cointreau's rival LVMH, is experiencing a significant decline in sales.