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The Latest Breaking News from LVMH

This glorious portrait is too precious a treasure to be lost from our shores for ever

Even in tough times, masterpieces like Joshua Reynolds’s painting are worth saving

The Guardian - UK

Elon Musk May Soon Reclaim Title of World's Richest Person

Separating the Tesla CEO and first place in the wealth standings is just $3 billion.

The Street

Haute couture, spring-summer 2023: Dior takes inspiration from 1920s Paris

The House of Dior turns over vast sums of money for luxury giant LVMH, but high-end fashion can never be just about the cash: it's also about world-leading artistry. In her spring-summer 2023 collection, Dior's artistic director Maria Grazia Chiuri pays homage to the elegant modernity of the Black Parisian…

France 24

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Former Celine creative director Phoebe Philo to launch new brand in September 2023

The British designer first announced the coming of her own fashion label in July 2021

The Independent UK

Caillebotte painting worth €43m acquired by France's Musée d'Orsay

Gustave Caillebotte's impressionist masterpiece, La Partie de Bateau, has been hung for the first time at the Musée d'Orsay in Paris. Valued at more than 40 million euros, it was acquired thanks to the patronage of the LVMH luxury group.

Radio France Internationale

The Richest Man in the World Takes on Elon Musk

Bernard Arnault, the CEO of luxury giant LVMH, has just invested in the luxury car manufacturer Lotus, which is betting on EVs.

The Street

A new arrival at the Musée d'Orsay: Gustave Caillebotte's 'Boating Party'

It was one of the last impressionist masterpieces still in private hands, but Gustave Caillebotte's painting "Boating Party" is now part of France's national collection. The purchase was made possible thanks to a €43 million donation from the luxury group LVMH. We report on its arrival at its new home,…

France 24

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The Case for Nestle, Other Foreign Stocks: Thornburg Manager

Emily Leveille, manager of a Thornburg mutual fund, says easing inflation and a falling dollar could boost foreign stocks.

The Street

A battle may be shaping up between the two richest men in the world over who controls the luxury electric car market

The English sports car brand Lotus plans to float its shares on the Nasdaq stock market in the latter half of this year through a reverse merger with a SPAC firm backed by Bernard Arnault.

Fortune

Chinese owner of Lotus Technology to list a stake in US via blank cheque firm

EV maker and R&D arm of car group owned by Geely planning to join Nasdaq in deal with Spac backed by Bernard Arnault

The Guardian - UK

Aesop reported target in $2bn bidding war between French groups

LVMH, L’Oréal and Japan’s Shiseido Co said to be weighing up bids for Australian luxury beauty brand

The Guardian - UK

France Buys New Masterpiece for Orsay Museum with LVMH Gift

France has acquired a stunning Impressionist masterpiece for its national collection of art treasures, with a donation from luxury goods giant LVMH paying the 43 million euros (nearly $47 million) for “A Boating Party” by 19th-century French artist Gustave Caillebotte. The oil on canvas shows an oarsman in a top…

Asharq Al-Awsat

France buys new masterpiece for Orsay museum with LVMH gift

France has acquired a stunning Impressionist masterpiece for its national collection of art treasures

The Independent UK

Luxury giant LVMH enjoys best year yet despite post-Covid downturn

French luxury goods giant LVMH is not feeling the post-Covid pinch. The group has released its figures for 2022, which show revenue just below the bar of €80 billion. Meanwhile, shipments of smartphones have dropped to a near-decade low. Finally, we find out about a lawsuit that involves King Charles…

France 24

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The Street

Sephora Is Coming Back to a Market It Left Long Ago

The beauty chain exited has stayed away from the United Kingdom for nearly 18 years.

AFP

Luxury giant LVMH sales, profit hit new highs

Paris (AFP) - The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States and Japan.

Asharq Al-Awsat

Luxury Group LVMH's Sales Defy Downturn

Luxury goods group LVMH's sales rose 9% in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to partly offset COVID disruptions in China. Sales at the world's biggest luxury group reached 22.7 billion euros ($24.65 billion) in the final three…

AFP

French luxury group LVMH posts record sales, net profit for 2022

Paris (AFP) - The world's top luxury group LVMH said Thursday that its sales and net profit both hit new heights last year, driven by strong demand in Europe and the United States.

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news in one place.

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The Guardian - UK

Flying shame: the scandalous rise of private jets

Last week, Rishi Sunak flew from London to Blackpool – his third private jet trip in 10 days. He’s far from the only one using air travel for short journeys. Just how much damage is this doing?

Fortune

Gen Z are splurging on luxury shopping from as young as 15

Teenagers are making their first luxury buys - likely a piece of jewelry or bag - as early as age 15. It's a trend that's set to stay and brands are capitalizing on their new audience.

Asharq Al-Awsat

Luxury Giant LVMH hits 400 Billion Euro in Market Value

LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalization of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe's most valuable company. Like other luxury companies which are heavily exposed to China, LVMH has benefited…

The Guardian - UK

Battle for succession in house of Dior: siblings jostle to seize family crown

The world’s richest man, Bernard Arnault, is choosing which of his children will lead his $418bn conglomorate. Cue gold-plated intrigue and drama …

Fortune

Why LVMH's Bernard Arnault making his daughter Dior CEO could have drawbacks

Hiring your kids comes with massive pros and cons experts have warned — and even then they may need to work twice as hard to prove themselves to staff.

The Independent UK

Billionaire owner of LVMH appoints daughter to run Dior

Arnault, 73, overtook Tesla founder Elon Musk as the world’s richest man last year

AFP

Tycoon Arnault names daughter Delphine as Dior chief

Paris (AFP) - French billionaire Bernard Arnault announced Wednesday that his daughter Delphine would head his LVMH luxury empire's Dior fashion house in a leadership shuffle also featuring a new CEO at flagship brand Louis Vuitton.

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