#lvmh

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#bernard-arnault

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

LVMH faces future succession speculation, as founder Bernard Arnault continues to lead the company, planning to extend his tenure.

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.

LVMH CEO Bernard Arnault's family office goes shopping for AI startups

Bernard Arnault is strategically investing in AI firms to integrate technology into luxury business operations.
Aglae Ventures has made over $300 million in AI investments in 2024, signaling a strong focus on technological innovation.

Billionaire Bernard Arnault tells court he was 'completely unaware' ex-spy chief had allegedly abused powers to protect LVMH

Bernard Arnault denies knowledge of any influence-peddling scheme involving LVMH and former intelligence official Bernard Squarcini during his testimony.

Europe's richest person is about to buy a soccer club with Paris FC deal

LVMH diversifies into sports with majority shareholding in Paris FC, enhancing their sponsorship portfolio.

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.

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

LVMH faces future succession speculation, as founder Bernard Arnault continues to lead the company, planning to extend his tenure.

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.

LVMH CEO Bernard Arnault's family office goes shopping for AI startups

Bernard Arnault is strategically investing in AI firms to integrate technology into luxury business operations.
Aglae Ventures has made over $300 million in AI investments in 2024, signaling a strong focus on technological innovation.

Billionaire Bernard Arnault tells court he was 'completely unaware' ex-spy chief had allegedly abused powers to protect LVMH

Bernard Arnault denies knowledge of any influence-peddling scheme involving LVMH and former intelligence official Bernard Squarcini during his testimony.

Europe's richest person is about to buy a soccer club with Paris FC deal

LVMH diversifies into sports with majority shareholding in Paris FC, enhancing their sponsorship portfolio.

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.
morebernard-arnault
#paris-fc

New owners seek Klopp's aid to transform Paris FC

The Arnault family aims to transform Paris FC into a competitive soccer club with Jürgen Klopp and Red Bull's backing.

LVMH scion lays out plan to bring Paris football club to the top

Antoine Arnault plans to transform Paris FC into a strong rival of PSG, addressing financial struggles in French football.

New owners seek Klopp's aid to transform Paris FC

The Arnault family aims to transform Paris FC into a competitive soccer club with Jürgen Klopp and Red Bull's backing.

LVMH scion lays out plan to bring Paris football club to the top

Antoine Arnault plans to transform Paris FC into a strong rival of PSG, addressing financial struggles in French football.
moreparis-fc
#luxury-goods

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.

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.

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.

LVMH analysis: A buying opportunity despite deteriorating fundamentals - London Business News | Londonlovesbusiness.com

LVMH and other luxury companies face significant challenges due to economic conditions, particularly in the crucial Chinese market.

This expensive luggage may be key to LVMH's future - here's how Rimowa's CEO plans to keep growing

Rimowa remains a standout in luxury luggage, blending heritage and modern expansion with a dedicated customer base.

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.

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.

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.

LVMH analysis: A buying opportunity despite deteriorating fundamentals - London Business News | Londonlovesbusiness.com

LVMH and other luxury companies face significant challenges due to economic conditions, particularly in the crucial Chinese market.

This expensive luggage may be key to LVMH's future - here's how Rimowa's CEO plans to keep growing

Rimowa remains a standout in luxury luggage, blending heritage and modern expansion with a dedicated customer base.
moreluxury-goods
#luxury-brands

Bernard Arnault's son Alexandre is climbing the ranks as new deputy of Moet Hennessy. Here's what it means for LVMH's succession plan

Alexandre Arnault will take a leadership role at Moët Hennessy, reflecting LVMH's focus on preparing the next generation of leaders.

From gold medals to wardrobes, Paris Olympics to spotlight French luxury

LVMH plans to incorporate high-end luxury brands into the 2024 Paris Olympics, including designing the medals and dressing the French athletes.
This move highlights how sport has become a promotional platform for even the most exclusive brands.

Bernard Arnault's son Alexandre is climbing the ranks as new deputy of Moet Hennessy. Here's what it means for LVMH's succession plan

Alexandre Arnault will take a leadership role at Moët Hennessy, reflecting LVMH's focus on preparing the next generation of leaders.

From gold medals to wardrobes, Paris Olympics to spotlight French luxury

LVMH plans to incorporate high-end luxury brands into the 2024 Paris Olympics, including designing the medals and dressing the French athletes.
This move highlights how sport has become a promotional platform for even the most exclusive brands.
moreluxury-brands

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.
#investment

LVMH is investing in $2,000 ski jacket maker Moncler

LVMH has purchased a 10% stake in Moncler CEO's investment vehicle, marking a strategic partnership to bolster Moncler's market position.

Swedish Brand Our Legacy Gets a Big Investment from LVMH

LVMH Luxury Ventures Fund invests in Our Legacy, enhancing its status and providing a significant boost in financial and reputational aspects.

LVMH is investing in $2,000 ski jacket maker Moncler

LVMH has purchased a 10% stake in Moncler CEO's investment vehicle, marking a strategic partnership to bolster Moncler's market position.

Swedish Brand Our Legacy Gets a Big Investment from LVMH

LVMH Luxury Ventures Fund invests in Our Legacy, enhancing its status and providing a significant boost in financial and reputational aspects.
moreinvestment
#luxury-market

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.

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.

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.

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.
moreluxury-market

Japan shares fall on weak chip market outlook while LVMH sales drop drags Europe down

The semiconductor market recovery is weak outside the AI sector, leading to declines in shares, particularly in Japan.
from www.nytimes.com
2 months ago

Kim Jones Leaving Fendi

LVMH announces Kim Jones' departure from Fendi amidst significant leadership changes in the fashion industry, pointing to ongoing turbulence and brand re-alignments.
#sponsorship

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.
moresponsorship

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.
#sustainability

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.
moresustainability

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.
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