Hermes overtakes LVMH as world’s most valuable luxury company after lackluster sales
Lauren Simonetti of Fox Business has New York City details about “Cavuto: Coast to Coast.” LVMH handed over the title on Tuesday as the world’s most valuable luxury company. Known for brands such as Louis Vuitton, Dom Perignon, Givenchy, Tiffany & Company and Tag Heuer, LVMH’s market capitalization was around 244.1 billion euros mid-Tuesday, lower […]
LVMH wants billionaire Bernard Arnault as CEO until age 85
The gorgeous conglomerate LVMH is trying to clear the path that allows billionaire Bernard Arnaud to be at the helm for almost ten years until he turns 85. According to the company's filings, the company's shareholders own high-end brands such as Louis Vuitton, Dior and Tiffany. Currently, the maximum age for LVMH is set to […]
LVMH CEO Bernard Arnault coins new phrase for being fired: ‘Promoted outwards’
Losing your livelihood is now DoublePlusGood! Bernard Arno, the fifth wealthy man in the world, has created a new phrase for those who are fired. Bernard Arno, the fifth wealthy man in the world, has commented on the request for revenue of luxury brand corporate Corporation LVMH. Getty Image Arno came up with a corporate […]
Why LVMH CEO Bernard Arnault and heirs were at Trump inauguration
President Donald Trump's inauguration put $1 trillion worth of tech money on prominent display, but the presence of one billionaire and his children raised more eyebrows than Lauren Sanchez's lace bra. I hid. Bernard Arnault, CEO of LVMH, is the richest person in France and the fifth richest person in the world, but his son […]
LVMH denies responsibility for rusty Olympic medals
French luxury conglomerate LVMH has denied reports that it is to blame for the deterioration and rusting of Olympic medals handed out to athletes at last year's Paris Summer Olympics. Luxury jeweler Chaumet, owned by parent company LVMH, has become the butt of a joke in France after more than 100 athletes who won bronze […]
Louis Vuitton owner LVMH sales slump on weak China demand
Bernard Arnault's luxury fashion group LVMH led rival stocks lower on Wednesday after reporting disappointing sales due to weak demand in China. LVMH's fashion and leather goods division, which includes iconic brands such as Louis Vuitton and Dior, saw sales fall 5%, well below expectations for 4% growth. The sector's sales declined for the first […]