LVMH

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Crowds of people walking in a shopping area with a Dior store
Retail

High-end brands like LVMH and Gucci-owner Kering felt the pinch in 2023—but a new type of luxury is gaining a share of consumers’ wallets

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December 25, 2023
The heir to luxury retail empire Hermès is reportedly planning to adopt his 51-year-old gardener so he can pass on his $11 billion fortune
Success

The heir to luxury retail empire Hermès is reportedly planning to adopt his 51-year-old gardener so he can pass on his $11 billion fortune

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December 7, 2023
Alain Wertheimer and his brother Gerard Wertheimer attend the Prix de Diane Longines at Hippodrome de Chantilly on June 12, 2011 in Chantilly, France.
Success

Chanel heir with a $48 billion fortune is the richest person in Switzerland thanks to a post-pandemic luxury goods boom

By
November 27, 2023
Antoine Arnault and his wife Russian model Natalia Vodianova
Leadership

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

By Angelina Rascouet and Bloomberg
November 22, 2023
person walking outside a burberry storefront
Retail

Burberry joins LVMH and Gucci in the luxury slump as brand says it may miss its revenue target for the year

By
November 16, 2023
a row of people seen at work with frames for eye glasses in hand
Retail

LVMH strikes sunglasses deal targeting entry-level shoppers as luxury spending slows down

By
November 6, 2023
people walking outside a Gucci showroom
Retail

Luxury slump intensifies as shoppers buy less Balenciaga and Gucci, in latest sign of an end to the ‘roaring 20s’

By
October 25, 2023
Bernard Arnault, left, has lost the number two position on the world's rich list to Amazon founder Jeff Bezos, right.
Success

LVMH boss Bernard Arnault has just lost his spot as the world’s second-richest person to Amazon founder Jeff Bezos

By
October 17, 2023
picture of bernard arnault smiling
Retail

Bernard Arnault, the world’s second richest man, may be seeing the end of his winning streak as luxury shoppers bolt for the first time in years

By
October 11, 2023
picture of a louis vuitton storefront in france
Retail

European luxury stocks are losing their allure on Wall Street and have hit their biggest slump since 2020

By
October 9, 2023
bernard arnault talking
Finance

World’s second richest man LVMH’s Bernard Arnault under investigation in Paris over connections to Russian oligarch

By
October 2, 2023
Champagne producers helped by ‘revenge pleasure’ after the pandemic are now being hurt by ‘a lot of inflation’
Lifestyle

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

By Angelina Rascouet and Bloomberg
September 17, 2023
The theory that luxury stocks are Europe’s strongest response to Wall Street’s high-flying tech stocks is being put to the test

The theory that luxury stocks are Europe’s strongest response to Wall Street’s high-flying tech stocks is being put to the test

By Julien Ponthus, Michael Msika and Bloomberg
September 10, 2023
Bernard Arnault spent $230 million on LVMH shares after disappointing earnings hit stock

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

By Angelina Rascouet, Valentine Baldassari and Bloomberg
September 8, 2023
a box of wegovy medication
Retail

Wegovy maker Novo Nordisk leapfrogs LVMH to become Europe’s most valuable company after it takes its ‘miracle’ weight loss drug to the U.K.

By
September 5, 2023

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