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The Latest Breaking News from LVMH

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.

International Business Times

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.

Fortune

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LVMH invests in $2,000 TikTok-viral ski jacket maker

Moncler has become all the rage in recent years under Remo Ruffini's leadership—and LVMH was probably drawn to its success.

Fortune

S&P Futures Tread Water as Key U.S. Inflation Data Looms

December S&P 500 E-Mini futures (ESZ24) are trending down -0.04% this morning as investors braced for the release of the Federal Reserve’s first-line inflation gauge, which will offer further insights into the trajectory of U.S. interest rates.

Barchart

Hermès boss doesn’t like the company being compared to LVMH

Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to stratospheric success.

Fortune

LVMH's Bernard Arnault became richer after China unveiled its stimulus measures

China's stimulus measures boosted shares across the world, including those of luxury companies like LVMH, shoring up Bernard Arnault's wealth.

Fortune

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Bernard Arnault sent a memo banning LVMH staff from talking to certain news outlets

The LVMH patriarch warned employees in a memo reported by French media that if they spoke to the blacklisted outlets, there would be "consequences."

Fortune

Bernard Arnault plummets down the list of world’s richest men after a $54 billion collapse

The LVMH founder's falling net worth is a sign of a struggling luxury goods industry.

Fortune

Mini Dresses And The 'Great British Prom': LFW Revisits The Classics

From leather tutus to unstructured knitwear, the mini dress is the centrepiece of the spring-summer 2025 collection by JW Anderson, Jonathan Anderson's label, presented Sunday at London Fashion Week.

International Business Times

Sephora North America promotes Delphine Herve to finance chief—its first female CFO

This C-suite move follows the recent appointment of the company's first female CEO.

Fortune

Sephora North America names its next CFO

Delphine Herve joined the company in 2014.

Fortune

Kate’s wedding dress designer Sarah Burton named Givenchy creative chief

Macclesfield-born creative director left the top job at Alexander McQueen last year

The Guardian - UK

LVMH's Bernard Arnault has quietly invested in AI startups via his family office

The AI startups raised $300 million in funding rounds this year, a part of which came from Arnault-backed tech VC Aglaé.

Fortune

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The Independent UK

Beyoncé announces American whiskey line in partnership with Moët Hennessy

The pop star says she was ‘predestined’ to launch whiskey line, SirDavis

Fortune

There are only 15 people whose wealth is greater than $100 billion (and some would be richer if they weren't giving it away)

LVMH’s Bernard Arnault remains in the $100 billion club despite a stock decline removing more than $10 billion from his net worth overnight.

International Business Times

Expect More Product Placement At Olympics, Says IOC

The Olympics is set to feature more and more high-profile product placement in a major departure from the past when brands were kept away from the sport, the International Olympic Committee (IOC) said Wednesday.

Sports Illustrated

This Is What the American Section of a Fancy French Grocery Store Looks Like

Everyone knows hauling grocery bags can be an Olympic sport. In between competitions in Paris, we paid a visit to the aisle that stocks what France considers to be the U.S.’s national delicacies.

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The Guardian - US

Is luxury fashion in its flop era?

As #underconsumptioncore trends on TikTok and gen Z turns to vintage, high-end houses fret over stalling demand

Fortune

Luxury pilgrimages bring tourists to Japan to scoop up high-end goods. Brands like LVMH would rather they not

Japan’s weak yen means travelers can get hefty discounts on Louis Vuitton handbags and TAG Heuer watches.

International Business Times UK

Who Is Nicolas Puech? Hermes Descendant Who Wanted To Leave Billions To His Gardener Blames Wealth Manager For Missing Fortune

Hermes heir Nicolas Puech faces a legal battle amid plans to adopt a former employee and inherit his fortune. The future of his foundation is uncertain.

International Business Times UK

Musk Warns Against Nepotism: 'Kids Make You Happy But Don't Automatically Pass Your Business To Them'

Elon Musk advocates for a meritocratic approach to corporate succession, opposing the automatic passing of businesses or shares to children without considering their qualifications.

Evening Standard

OPINION - Louis Vuitton medal trays can't hide the luxury slump that's afflicting fashion

Only the fashion industry could make partying while Rome burns (take your pick from global crises), look quite so fabulous. The night prior to the Olympic opening ceremony, Dame Anna Wintour jetted into Paris to host what felt like an extended version of June’s Vogue World event.

International Business Times

LVMH's Publicity In Olympics Ceremony Raises Eyebrows

LVMH's high profile and highly visible product placement in the Paris Games opening ceremony surprised marketing experts and raises the possibility it could cause problems for the International Olympic Committee with their long-term sponsors.

Top News

Luxury Brands Redefine Fashion Landscape At Paris 2024 Olympics

Luxury brands are making a mark at the Paris 2024 Olympics, blending high fashion with athletic events in a new era of brand experiences.

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