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The Latest Breaking News from LVMH

Elon Musk Could Learn a Thing or Two From Bernard Arnault

Luxury conglomerate LVMH reported Q1 2023 results on April 12. You would hardly know from its results that there was a possible recession around the corner. Iconic companies tend to be like that.

Barchart

Asian rebound helps push LVMH first quarter revenue beyond €20 billion

The world’s richest man Bernard Arnault is set to benefit from the jump in sales

Evening Standard

Fortune of world’s richest person Bernard Arnault tops $200bn

LVMH chair becomes only third person – after Elon Musk and Jeff Bezos – to ever amass such wealth

The Guardian - UK

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The world's richest man just got richer. LVMH boss Bernard Arnault’s wealth has topped $200 billion for the first time

The French billionaire’s fortune has soared this year.

Fortune

Succession planning: not all family businesses feud – here's how they help younger generations take over

When the world’s richest and most powerful families deal with the tricky task of succession planning, it can attract a lot of interest. Think of news reports from the Murdoch’s media empire or, more recently, luxury goods company LVMH. Even fictional clans such as the Roys of TV show Succession…

The Conversation

China's super rich population drops as tech crackdown, global factors hurt wealth

More than 400 people lost their billionaire status last year, most from China, as global monetary tightening, COVID-19 disruptions and Beijing's crackdown on major tech companies hurt the super wealthy, a ranking of the world's wealthiest showed.

Reuters

Law Roach breaks silence on awkward Zendaya ‘snub’ video

‘It made people think that Zendaya wasn’t taking care of me and wasn’t making sure I was taken care of,’ stylist said about the rumours surrounding the video

The Independent UK

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Never forget the importance of diversity in the workplace

The HR director at one of Scotland's largest whisky companies urges the rest of the industry to follow their lead

Insider UK

48 hours after he was crowned the world's richest person, Elon Musk loses top spot—again

LVMH founder Bernard Arnault is once again the wealthiest person on the planet.

Fortune

Best women-led fashion brands to support

For International Women’s Day and beyond

Evening Standard

Pharrell Williams succeeds Virgil Abloh as the head of men's designs at Louis Vuitton

The singer, producer and designer has a long history of working with fashion brands — as well as big shoes to fill. Williams' first Louis Vuitton collection will debut at Men's Fashion Week in June.

WEKU

From hip hop to Louis Vuitton — how Pharrell Williams took over the world of music and fashion

At the turn of the millennium, Pharrell Williams was in the process of making his name as one of the most coveted music producers in the world. Fast forward two decades, and he has been appointed Louis Vuitton’s next menswear creative director, a job at the pinnacle of luxury fashion.…

Evening Standard

Rihanna Super Bowl Halftime Performance Confirms Pregnancy: Did A Trademark Filing Hint At This Last Month?

Rihanna was the featured performer during the Super Bowl Halftime show on Sunday

Zenger

Pharrell Williams named as creative director of Louis Vuitton menswear

Musician and entrepreneur is second Black American designer to hold position at French luxury house after Virgil Abloh

The Guardian - UK

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Evening Standard

Pharrell Williams is Louis Vuitton’s new creative director of menswear

The singer-turned-tastemaker will replace the late Virgil Abloh, who died in November 2021

Asharq Al-Awsat

Louis Vuitton Expected to Raise Prices as Much as 20% In China

LVMH's top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of Chinese demand following the easing of COVID-19 lockdowns. Louis Vuitton, the world’s biggest luxury brand, last February led the way to a string…

The Guardian - UK

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

France 24

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…

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The Independent UK

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

Radio France Internationale

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.

France 24

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,…

Fortune

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.

The Guardian - UK

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

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, 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…

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