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The Latest Breaking News from Bernard Arnault

World’s richest billionaires lost $200bn in single day after Trump’s tariffs rocked markets

Carlos Slim was one of few to see his net worth rise - but Elon Musk, Mark Zuckerberg and others saw billions wiped off their wealth

The Independent UK

French President Macron urges suspension of US investments after Trump tariffs

Macron argues European investments in America ‘should be suspended until things are clarified ‘

The Independent UK

LVMH heir Alexandre Arnault will join the board of top-end ski wear brand Moncler after the French giant struck a deal with its CEO

LVMH bought a 10% minority stake in Double R, Moncler’s largest shareholder and the vehicle owned by its CEO Remo Ruffini, six months ago.

Fortune

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Bernard Arnault wants to extend LVMH CEO age limit

LVMH CEO Bernard Arnault wants to stay at the helm of the luxuary goods firm when he is in his 80s.

BANG Premier

LVMH is looking to hike its CEO age limit to 85, paving a path for Bernard Arnault to helm the company for another decade

The legendary 94-year-old investor Warren Buffett wrote to Arnault after LVMH raised its retirement age to 80 in 2022, saying the age limit was much too conservative.

Fortune

Five of the world’s richest people attended Trump’s inauguration. They have lost $209 billion since that day

Elon Musk’s net worth has tumbled by $148 billion alone since Trump took office

The Independent UK

France's former spy chief found guilty of using public funds to aid LVMH

A Paris court has found the former head of France's domestic security services, Bernard Squarcini, guilty of influence-peddling and using public resources to benefit LVMH. The trial shed light on efforts by LVMH – the world's biggest luxury group – to protect its reputation.

Radio France Internationale

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Melinda French Gates got her start at Microsoft because an IBM hiring manager told her to turn down their job offer

The philanthropist is one among the likes of Jensen Huang, Indra Nooyi, and Steve Jobs to have taken career-changing advice from the most unexpected sources.

Fortune

Kering CEO not too concerned about the impact of tariffs as the Gucci owner says moving production to the U.S. ‘makes no sense’

“Most of our brands, we're producing in Italy and in France… we're selling a part of our culture," Kering CEO Francois-Henri Pinault said.

Fortune

French Luxury Billionaire Sparks Tax Debate With Threat To Leave

Bernard Arnault, the billionaire boss of the world's biggest luxury conglomerate LVMH, has picked a fight with the French government by suggesting that companies could flee France for the United States to escape a planned tax hike.

International Business Times

LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’

The luxury goods CEO likens layoffs at Tiffany’s to those at Meta.

Fortune

What Bernard Arnault's optimism for the U.S. could mean for LVMH's position under 'tariff man' Trump

"It's clear that we are being strongly pushed by the American authorities to continue to build out our presence," Bernard Arnault told reporters.

Fortune

LVMH reports muted sales amid hopes that the luxury downturn may finally be over

“Today, I’m not going to report record revenue, but it was nonetheless a robust year," CEO Bernard Arnault said during the earnings call.

Fortune

The European fashion world is 'afraid' of Trump's return to power, says leading Belgian designer

The European corporate fashion business is known to be worried about the possible impact of a trade war between the U.S. and Europe under Trump.

Fortune

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The Guardian - UK

Pharrell Williams kicks off Paris fashion week with Louis Vuitton streetwear

The luxury collection, created in partnership with Nigo, brings varsity jackets, abstract camo and wide-leg silhouettes to the Louvre catwalk

The Guardian - UK

Meloni, Murdoch, McGregor … Who flew in for Trump’s inauguration – and who got in the room?

A notable international contingent turned up for Trump’s swearing-in as well as galas and parties surrounding the event

Fortune

Five people are now expected to become trillionaires within 10 years, says Oxfam

Tesla CEO Elon Musk is widely expected to be the first person to hit trillionaire status.

Fortune

LVMH dethrones Novo Nordisk as Europe's most valuable company

Novo Nordisk has faced a massive selloff in recent months amid disappointing drug trials and U.S. pressure to cut its prices.

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Fortune

Hermès boss doesn’t like the company being compared to LVMH

Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to stratospheric success.

Fortune

The people who shaped European business in 2024

Fortune set out to pick the leaders who’ve kept Europe at the center of global debates in 2024. Their presence portends the year to come.

BANG Premier

LVMH purchases €46.5 million villa in Cannes to showcase brands

In another lavish move for the couture titan, LVMH is amplifying its influence in the world of high fashion by purchasing a €46.5 million villa in Cannes.

Top News

Luxury Brands Shine At Notre Dame Reopening Ceremony

The reopening of Notre Dame in Paris after the 2019 fire showcased a blend of cultural renewal and luxury branding, sparking controversy over the presence ...

The Independent UK

Notre Dame Cathedral's reopening spectacle capped a stellar year for luxury house LVMH

The reopening of Notre Dame was a solemn celebration of cultural and spiritual renewal

Fortune

Bernard Arnault turned a one-franc deal in 1984 into a €319 billion luxury empire

The French tycoon bought Dior three years before founding LVMH in 1987.

The Conversation

Louis Vuitton, Notre Dame and the quest for ‘secular immortality’

The reopening of Notre-Dame de Paris has recalled debate over the €200 million contribution of France’s Bernard Arnault, the CEO of the LVMH luxury group, to its restoration. Announced in the hours after fire devastated the cathedral in April 2019, the donation surprised many but aligned with Arnault’s track record as a…

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