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The Latest Breaking News from LVMH

LVMH CEO Bernard Arnault sees wealth skyrocket by $19 billion overnight after months of bleeding billions as shoppers trade designer bags for luxury vacations

It may be a difficult climb for the LVMH chairman to claw back to his January high of $209 billion as researchers project a 3-year slowdown in luxury shopping.

Fortune

LVMH Chief Bernard Arnault sees his wealth jump by $19 billion

The 76-year-old businessman, one of the world's richest individuals, saw his wealth increase by 12% on Wednesday as his LVMH group enjoyed a share rally.

Euronews

Why Michelle Obama’s stylist invested in an LVMH-backed AI styling platform: ‘It was a no-brainer’

Celebrity stylist Meredith Koop says the “brilliant” mind behind LVMH-backed AI stylist Alta, Jenny Wang, sold her on investing in the technology.

Fortune

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FTSE 100 falters as investors mull outlook for UK economy

It comes as Rachel Reeves told Sky News that she is looking at both tax rises and spending cuts in the upcoming Budget.

Evening Standard

Maria Grazia Chiuri Named Creative Director At Fendi

Italian designer Maria Grazia Chiuri was named Tuesday as the new chief creative officer at Rome-based luxury brand Fendi, just months after stepping down as womenswear designer at Dior.

International Business Times

LeBron James Pulls A Snoop Dogg: Retirement Buzz Turns Into Booze Partnership

NBA superstar LeBron James teased "the decision of all decisions" to be announced Oct. 7, 2025. While speculation grew that he might announce his decision to retire after the upcoming NBA season, it turned out that his decision was just a strategic advertising campaign.

Benzinga

Reform treasurer admits looking stupid after company was ‘defrauded’ – court

Nick Candy said he was tricked into investing by Dutch businessman Robert Bonnier.

Evening Standard

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Reform treasurer’s company seeking millions after alleged fraud, High Court told

Nick Candy’s company, Candy Ventures Sarl, is alleged to have been ‘duped’ into investing into a technology start-up.

Evening Standard

Eiffel Tower closed as nationwide strikes held across France against spending cuts

The nationwide strike, called by France's major unions, is the latest in a series of protests that started last month amid political turmoil and heated budget talks.

Euronews

The group Louis Vuitton (LVMH), a gift to the Musée d’Orsay and a huge tax incentive – business as usual?

In January 2023, the Musée d’Orsay in Paris acquired La Partie de bateau (The Boating Party), an 1877 painting by Gustave Caillebotte (1848-1894) hailed as a major work of Impressionism for its bold and dynamic treatment, along with its subject’s carefree nature.

The Conversation

French economist Zucman and billionaire Arnault trade barbs over wealth tax plan

A French economist behind a wealth tax plan on Sunday hit back at the country's richest person who claimed the academic wanted to destroy the French economy.

Radio France Internationale

Luxury Leak Horror: Gucci, Balenciaga and McQueen Hacked in Cyber-Attack Exposing Millions of High-End Shoppers

Luxury brands Gucci, Balenciaga, and Alexander McQueen were hacked by the criminal group Shiny Hunters. The breach, which occurred through Kering's systems, exposed the data of millions of customers, including names, addresses and spending habits.

International Business Times UK

Armani's Fashionable Exit: Can Heirs Turn Couture Into Cash For Investors?

Giorgio Armani's heirs are flirting with the public markets — and Wall Street is taking notes.

Benzinga

Armani's will: Fashion empire to be sold or go public in the next years

The founder of the Italian fashion house Giorgio Armani left the fashion empire with clear instructions to be partially sold to competitors or seek an initial public offering (IPO) at a later stage.

Euronews

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International Business Times

Armani's Will Lays Path To Potential Buyout By Rival

Fashion legend Giorgio Armani asked in his will made public Friday for a major luxury group to take a stake in his company, citing LVMH, EssilorLuxottica or L'Oreal as potential buyers.

The Guardian - UK

Giorgio Armani’s will says his brand should be sold or seek IPO

Late founder instructs heirs to gradually sell stakes with priority given to LVMH, L’Oréal or EssilorLuxottica

The Independent UK

Giorgio Armani’s will instructs heirs to sell 15% of his empire

According to his will, published online Friday by Italian daily La Repubblica

International Business Times

Fashion, Cinema Stars Hail 'Love Affair' With Armani

Leading cinema and fashion figures on Thursday paid tribute to the genius of fashion legend Giorgio Armani, whose client list read like a who's who of Hollywood stars and royalty.

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news in one place.

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Benzinga

Luxury Labels Lose Their Luster Amid Changing Vibes, Gucci Sales Plunge 25% and LVMH Disappoints

Luxury brands are grappling with a significant sales slump, raising concerns over the long-term structural attractiveness of the industry.

International Business Times UK

Is It Time to Invest in L.A.B. Putters? Brand Popularity Soars After $200 Million Buyout Following US Open Buzz

L.A.B. Golf's £152M L Catterton acquisition on 28 July, after Spaun's US Open win, projects sales to hit £91.2M in 2025

Benzinga

Ulta Stock Is The Beyoncé Of Retail Now: LVMH's Just A Backup Dancer

In the retail world, LVMH Moet Hennessy Louis Vuitton SE (OTCPK:LVMHF) has long strutted the global catwalk like royalty. But lately, the spotlight has shifted. Ulta Beauty Inc (NASDAQ:ULTA) is having a Beyoncé moment—taking center stage, setting the tempo, and leaving the luxury titan looking like a backup dancer trying…

The Guardian - UK

‘Made in Italy’: is the label just another luxury fashion illusion?

Investigations reveal how cashmere jackets and €2,000 handbags may be stitched in workshops paying €4 an hour, challenging luxury’s ethical image.

International Business Times

Why The World's Smartest Brands Are Investing In Narrative Engineering

Market leaders don't follow conversations—they create them. Companies like Apple, Tesla, and LVMH have redefined industries not by reacting to trends, but by embedding themselves into the cultural and technological fabric of the future they want to create.

Autosport

Why F1's commercial boom "can't be taken for granted"

With McLaren taking over Trafalgar Square, LEGO trophies on the Silverstone podium and Harrison Ford announcing a new partnership with Glenmorangie, Formula 1 really tapped into its ever-deepening commercial reservoir during the week of the British Grand Prix.

International Business Times

LVMH Italian Fashion House Loro Piana Put Under Court Administration

Italian fashion house Loro Piana, owned by French giant LVMH, has been placed under court administration for allegedly facilitating the exploitation of workers by subcontractors, police and a company source said Monday.

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