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The Latest Breaking News from LVMH

LVMH becomes first European company to reach $500bn valuation

Shares in group, which owns Louis Vuitton, Christian Dior and Tiffany, are up 30% this year

The Guardian - UK

Gaysorn sets out Bangkok expansion plans

Gaysorn Property Co, a luxury developer and one of the largest freehold landlords in Bangkok's Ratchaprasong area, is poised to continue shaping the commercial and shopping district to maintain its position as an iconic destination.

Bangkok Post

Ron DeSantis Thinks You Shouldn’t Drink Bud Light. Does that make BUD a Sell?

Florida Governor Ron DeSantis is boycotting Bud Light because the beer maker promotes transgender personality, Dylan Mulvaney. Anheuser-Busch stock has lost $5 billion in value since announcing the promotion. Does that make BUD stock a sell?

Barchart

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China's reopening sees Gen Z ready to splurge after lying flat: 'They don’t see life as a matter of ruthless survival'

A shift in attitudes towards work and personal comfort in China's younger generation may end up helping the country’s economy.

Fortune

Protesters storm Louis Vuitton’s Paris HQ ahead of ruling on French pension reforms

LVMH office stormed days after owner named richest man in the world

The Independent UK

French resistance continues on pension plan

Paris and other French cities have seen another show of resistance to President Emmanuel Macron's plan to raise the pension age to 64.

The New Daily

Luxury goods shop invaded by Paris protesters as pension row grinds on

The 12th day of strikes and protests against the government's pension reform plans is continuing across France. There have been isolated reports of violence.

Radio France Internationale

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Louis Vuitton’s Paris HQ stormed by demonstrators protesting against Macron pension reforms

The Paris HQ of luxury brand Louis Vuitton was stormed by angry demonstrators protesting against Emmanuel Macron’s planned pension reforms.

Evening Standard

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

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

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The Independent UK

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

Insider UK

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

Fortune

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.

Evening Standard

Best women-led fashion brands to support

For International Women’s Day and beyond

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WEKU

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.

Evening Standard

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.…

Zenger

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

The Guardian - UK

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

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

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