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Page 9 of 14
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 Prarthana PrakashOctober 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 Eleanor PringleOctober 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 Prarthana PrakashOctober 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 Prarthana PrakashOctober 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 Prarthana PrakashOctober 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 BloombergSeptember 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
Europe
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 BloombergSeptember 10, 2023
Bernard Arnault spent $230 million on LVMH shares after disappointing earnings hit stock
Europe
Bernard Arnault spent $230 million on LVMH shares after disappointing earnings hit stock
By Angelina Rascouet, Valentine Baldassari and BloombergSeptember 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 Prarthana PrakashSeptember 5, 2023
Lush wine grape clusters hang from vine.
Europe
Demand for wine has fallen so much that France is spending $215 million to distill excess wine into ethanol used in cleaning products
By Steve MollmanAugust 27, 2023
LVMH chairman and CEO Bernard Arnault with the fashion conglomerate's logo in the background
Retail
Coach parent buys Versace and Michael Kors owner for $8.5 billion as U.S. big fashion races to catch up with billionaire Bernard Arnault’s European luxury giant LVMH
By Paige HagyAugust 10, 2023
Bernard Arnault’s LVMH will pay $166m to sponsor the 2024 Summer Olympics in Paris—and provide Chaumet medals and Moet Hennessy wine
Finance
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 BloombergJuly 25, 2023
Fortune Quarterly Investment Guide 2023 Q3
Finance
7 luxury stocks that wealthy investors love—even in a downturn
By Lucy BrewsterJuly 13, 2023
Birkenstock owner mulls IPO at $6 billion-plus valuation—a step that would make Bernard Arnault even richer
Finance
Birkenstock owner mulls IPO at $6 billion-plus valuation—a step that would make Bernard Arnault even richer
By Eyk Henning, Chrystal Tse and BloombergJuly 7, 2023
An image of the Microscopic Handbag by MSCHF.
Lifestyle
A microscopic handbag ‘smaller than a grain of salt’ has sold for almost $64,000
By Eleanor PringleJune 30, 2023
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