Angelina Rascouet

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  • Models walk the runway at the Burberry show during London Fashion Week February 2024Retail

    Burberry follows Gucci-owner Kering on downward sales trend as consumers snub mid-priced luxury fashion

    By Angelina Rascouet and Bloomberg
  • French fashion brand Hermes store seen at Hong Kong airport.Retail

    Hermes emerges as the outlier with strong China sales, while the rest of luxury bleeds from the lack of shoppers

    By Angelina Rascouet and Bloomberg
  • The Gucci luxury clothing boutique, operated by Kering SA, on Avenue Montaigne in central Paris, FranceRetail

    Gucci owner Kering struggles to revive the luxury fashion house, shares slip after it issued its second profit warning for 2024—and this time, it’s pretty bad

    By Angelina Rascouet and Bloomberg
  • Via Monte Napoleone, known as one of the most expensive streets in the world, has an impressive roster of top-end fashion, jewelry and footwear sales locations.Retail

    Gucci owner Kering splurges $1.4 billion on new Milan store, making it Italy’s most expensive building

    By Angelina Rascouet, Antonio Vanuzzo, and others
  • Antonio Belloni, group managing director at LVMH Moet Hennessy Louis Vuitton SE, left, and Bernard Arnault, billionaire and chairman of LVMH Moet Hennessy Louis Vuitton SE, at the LVMH Moet Hennessy Louis SE annual general meeting of shareholders at the Carrousel du Louvre in central Paris, France, on Thursday, April 20, 2023. LVMH reported first quarter organic sales growth in its fashion and leather goods unit of 18% almost twice what analysts were expecting and spurring a new record high for the stock. Photographer: Nathan Laine/Bloomberg via Getty ImagesRetail

    LVMH’s Belloni signs off after 23 years as second-in-command, amidst the luxury group’s reshuffle and longstanding succession suspense

    By Angelina Rascouet and Bloomberg
  • Arnault familySuccess

    French ‘Succession’ intrigue deepens as source says Bernard Arnault plans to nominate 2 more millennial sons to LVMH board

    By Angelina Rascouet and Bloomberg
  • Antoine Arnault and his wife Russian model Natalia VodianovaLeadership

    LVMH family succession drama heats up as Bernard Arnault’s eldest son Antoine steps down as CEO of Berluti

    By Angelina Rascouet and Bloomberg
  • ParisPolitics

    Rich yanks cancel Paris trip plans amid ‘worry that many people abroad are not just anti-Jewish but also anti-American’

    By Angelina Rascouet and Bloomberg
  • A bartender pours glasses of LVMH Moet Hennessy Louis Vuitton SA’s Moet & Chandon champagne at the Aer rooftop bar at the Four Seasons Hotel in the Worli area of Mumbai, India, on Monday, May 13, 2013. Bangalore-based United Spirits is scheduled to release fourth-quarter earnings on May 15. Photographer: Kuni Takahashi/Bloomberg via Getty ImagesLifestyle

    Champagne producers helped by ‘revenge pleasure’ after the pandemic are now being hurt by ‘a lot of inflation’

    By Angelina Rascouet and Bloomberg
  • HOUSTON, TX – MAY 07: Beyonce wearing a custom lace bodysuit by Balmain performs onstage during ‘The Formation World Tour’ at NRG Stadium on May 7, 2016 in Houston, Texas. (Photo by Larry Busacca/PW/WireImage)

    Luxury fashion house Balmain—which counts Beyoncé as a fan—just had more than 50 pieces stolen in a delivery truck hijacking

    By Angelina Rascouet and Bloomberg
  • World’s top luxury group LVMH head Bernard Arnault attends the LVMH Innovation Awards on the sidelines of the Vivatech technology startups and innovation fair in Paris, on June 15, 2023. (Photo by LUDOVIC MARIN / AFP) (Photo by LUDOVIC MARIN/AFP via Getty Images)

    Bernard Arnault spent $230 million on LVMH shares after disappointing earnings hit stock

    By Angelina Rascouet, Valentine Baldassari, and others
  • Antoine Arnault vice chairman of Christian Dior SE, from left, Bernard Arnault, billionaire and chairman of LVMH Moet Hennessy Louis Vuitton SE, and Tony Estanguet, president of the Paris 2024 Olympic and Paralympic games, during an LVMH Moet Hennessy Louis Vuitton SE news conference in Paris, France, on Monday, July 24, 2023. LVMH agreed to become a premium sponsor of the 2024 Summer Olympics in Paris in the first deal of its kind for the luxury conglomerate headed by billionaire Bernard Arnault. Photographer: Benjamin Girette/Bloomberg via Getty ImagesFinance

    Bernard Arnault’s LVMH will pay $166m to sponsor the 2024 Summer Olympics in Paris—and provide Chaumet medals and Moet Hennessy wine

    By Angelina Rascouet, Albertina Torsoli, and others
  • Gucci CEO Marco Bizzarri

    A new chapter for Gucci: Kering shares surge as CEO Marco Bizzarri departs, paving the way for Jean-Francois Palus

    By Angelina Rascouet and Bloomberg
  • PARIS, FRANCE – OCTOBER 02: A model walks the runway during the Balenciaga Ready to Wear Spring/Summer 2022 fashion show as part of the Paris Fashion Week on October 2, 2021 in Paris, France. (Photo by Victor VIRGILE/Gamma-Rapho via Getty Images)Lifestyle

    Balenciaga says it’s sorry for holiday ads depicting children holding teddy bears in bondage gear

    By Angelina Rascouet and Bloomberg
  • PARIS, FRANCE – OCTOBER 01: A guest wears a pale blue turtleneck pullover from Hermes, a navy blue shiny ostrich leather Birkin handbag from Hermes, pale blue large suit pants, brown shiny leather with gold bracelet and fur wrist gloves, outside Hermes, Paris Fashion Week – Womenswear Spring/Summer 2023, on October 01, 2022 in Paris, France. (Photo by Edward Berthelot/Getty Images)Retail

    That $7,000 Hermes Birkin bag will now set you back $8,000—and it’s not just because of inflation

    By Angelina Rascouet and Bloomberg