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The Latest Breaking News from LVMH

Former French security agency head is in court for allegedly spying for LVMH billionaire Bernard Arnault

LVMH CEO Bernard Arnault is set to appear in court as a witness later this month.

Fortune

Bernard Arnault vs. Elon Musk's X: Why Are Two Of The World's Richest Men Battling It Out In Court?

Bernard Arnault, CEO of LVMH, sued Elon Musk's X for copyright infringement, accusing the platform of using their content without permission.

International Business Times UK

Burberry shares rise after reports Moncler is considering bid

Head of LVMH, an investor in Italy’s Moncler, reportedly keen to get deal done with British luxury brand

The Guardian - UK

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Mercedes’s Formula 1 team is hiring a ‘clothing executive’ to dress its drivers

The job opening coincides with fashion icon Lewis Hamilton’s departure from the team to Ferrari next season.

Fortune

"True innovation is tech-agnostic”: a day in the life of Kiser Barnes

Red Antler's CCO discusses the metaverse and the importance of emotional resonance through thoughtful design.

Creative Bloq

There’s a new power player at CVS after Karen Lynch’s dismissal—but he’s not CEO

Roger Farah, who worked behind the scenes to right Ralph Lauren and Tory Burch, will become executive chairman at CVS.

Fortune

LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn't the answer

“I think it would be a mistake,” said LVMH CFO Jean-Jacques Guiony during the company’s earnings call this week.

Fortune

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Prospective Paris FC Takeover Could Transform French Football Landscape

France's capital city may finally be about to have a second major football club, and a challenger to Paris Saint-Germain, with a takeover of Paris FC by the country's richest family along with energy drinks giant Red Bull expected to be announced in the coming days.

International Business Times

Wall Street rebounds as corporate earnings boost sentiment

Nvidia shares rose 3.1%, after a sharp decline the previous day.

Fortune

LVMH’s Bernard Arnault sees nearly $10 billion in wealth wiped out after share-price bloodbath

In March, Bernard Arnault was the world’s richest person—with $48 billion more to his name.

Fortune

Louis Vuitton owner LVMH reports surprise sales drop amid China slowdown

Shares in LVMH, which also owns Dior, Tiffany and Moët & Chandon, fell by as much as 7%, briefly hitting two-year low

The Guardian - UK

Bernard Arnault’s email address was accidentally leaked by the U.K. government on the eve of its make-or-break investment summit

LVMH CEO Bernard Arnault was cc'd in an email sent to invitees—he was one of many whose emails were accidentally leaked.

Fortune

Kim Jones steps down as artistic director at Fendi to concentrate on his role at Dior Men's

British designer Kim Jones is stepping down from his role as artistic director of womenswear and couture at Fendi, parent group LVMH announced

The Independent UK

Kim Jones to exit Fendi after four years

Fendi has announced that Kim Jones is leaving his role as artistic director of womenswear and couture at the Italian house, though will remain at Dior Men

Wallpaper

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The Guardian - UK

Fashion experts raise concern about return to ‘extremely thin models’

Data shows reverse in trend towards inclusivity with 95% of looks in 208 recent shows modelled by size-zero women

Fortune

Bernard Arnault loses $13 billion in a single day as China's uncertain recovery undermines billionaire's wealth

Hopes that China's stimulus plans could inject a much-needed boost among luxury players, including LVMH, have been dashed in recent days.

Motorsport

What we can expect from LVMH's billion-dollar F1 deal

A recent partnership offers some clues to how luxury conglomerate LVMH will approach its 10-year megadeal with F1.

Formula 1 and LVMH announce landmark partnership - including TAG Heuer, Louis Vuitton and more

LVMH has confirmed a ten-year sponsorship partnership with Formula 1

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news in one place.

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Autosport

Mark Mann-Bryans: Latest global deal shows F1 is a luxury brand in itself

A luxury conglomerate boasting world renowned names, sought after brands and a global appeal announced a landmark partnership on Wednesday evening – as they agreed a deal with LVMH.

Motorsport

Formula 1 and LVMH sign 10-year partnership deal

Luxury brands such as Louis Vuitton and Moët Chandon will be present on the Formula 1 grid from next year after Liberty Media agreed a 10-year global partnership with LVMH which could be worth a reported $1 billion.

Radio France Internationale

Paris Match magazine shifts ownership to billionaire Bernard Arnault

French billionaire Bernard Arnault has added another jewel to his media crown, taking control of Paris Match, one of France's best-known weekly magazines.

Fortune

Will Burberry become a long-term victim of luxury downturn?

Burberry was the second-biggest faller in Kantar’s BrandZ ranking of brand value among 75 U.K. companies.

International Business Times

France's Richest Man Takes Control Of Paris Match Magazine

Paris Match, a glossy French weekly known for its celebrity exclusives on Tuesday became part of the media empire of France's richest man Bernard Arnault, after a stint under right-wing tycoon Vincent Bollore's ownership.

Fortune

Mark Zuckerberg loses spot as world's 3rd richest person to LVMH's Bernard Arnault

"'Quiet luxury' has supported average selling price at the expense of volumes," Bank of America analysts wrote. "The industry needs to pivot back to creativity."

Fortune

Stock Markets Today: US markets cool from records

China stocks closed out their best week since 2008 as the country's central bank cut its reserve requirement for banks.

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