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The Latest Breaking News from LVMH

LVMH says its wine business took a 12% hit because people are too sad to buy champagne

LVMH CFO anticipates sales volumes will be “less bad” in the second half of the year.

Fortune

French sprinter Sounkamba Sylla says she's barred from the Olympic opening ceremony due to her hijab

French sprinter Sounkamba Sylla says she has been barred from Friday’s opening ceremony at the Paris Olympics because she wears a hijab, and the French Olympic Committee said it is working with her to find a solution that adheres to the team’s secular requirements for athletes

The Independent UK

Shares in LVMH and Kering down as shoppers rein in luxury spending

Shares down 4.4% on Wednesday as demand for fashion, watches, leather goods, perfumes and cosmetics slows

The Guardian - UK

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read the most diverse news in one place.

Designing the Olympics: Wallpaper* interviews Joachim Roncin, director of design for Paris 2024

How do you begin to design the Olympics? We pulled up a pew with the director of design for Paris 2024 to learn more about gender-free mascots with a genital likeness and medals made from the Eiffel Tower

Wallpaper

Gen Z buying Prada and Dior fakes to 'achieve a sense of social equality'

Awareness of income inequality, not bargain huntng, will likely make you buy counterfeit LVMH, university study reveals.

Fortune

LVMH’s wine, champagne and handbags still can’t win back budget-tight Chinese consumers rationing their luxury purchases

“Continued economic and geopolitical uncertainties are still impacting certain businesses, notably wine and spirits,” LVMH CFO Jean-Jacques Guiony said.

Fortune

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

These may be the most luxurious Olympics ever

The Independent UK

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Hammerson sells £1.5bn stake in Bicester Village owner to private equity firm

Property company will use some of proceeds with LVMH-backed investor L Catterton to pay down debt

The Guardian - UK

Sephora North America's CEO has a leadership style informed by growing up an outsider

"I think it's critical that, as a leader, you hire people that have different points of view than you do," says Sephora North America CEO Artemis Patrick.

Fortune

Richemont: Luxury Group In Sights Of LVMH'S Arnault?

The Swiss luxury group Richemont, which owns Cartier and other jewellery brands, is regularly the subject of takeover rumours which its founder, the South African billionaire Johann Rupert, always dismisses.

International Business Times

David Ellison's Paramount merger cements the era of the 'nepo CEO'

David Ellison's Skydance Media is buying Paramount Global with help from his billionaire dad, Larry Ellison, founder of Oracle. To earn respect, he'll have to walk a tightrope.

Fortune

Blackpink Lisa's Boyfriend: Who Is Frédéric Arnault And What Is His Net Worth?

Although not confirmed, Frederic and Lisa's 'relationship' has been subject to speculations considering the couple's connection to luxury brands

International Business Times UK

LVMH CEO and world’s richest man Bernard Arnault reveals what motivates him to work 12-plus-hour days, even at 75

The luxury magnate spends his mornings listening to classical music and his free time playing tennis with Roger Federer.

Fortune

LVMH’s Bernard Arnault got a letter from 93-year-old Warren Buffett saying he was making a mistake by upping his retirement age to only 80

The Arnaults' clout in the luxury world has conjured "Succession" parallels over who might take over. But Bernard Arnault doesn't plan to retire just yet.

Fortune

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Europe’s richest man Bernard Arnault just bought a quirky 3-star Parisian bistro that makes $100 roast chicken

The Parisian bistro may be more low key than LVMH's other businesses, but it has hosted many A-listers visiting the French capital.

Fortune

Forget STEM. Paris university head says secret to France’s AI brains is a focus on the humanities

The provost of Bernard Arnault and Mistral founder Arthur Mensch's college wants students to be well-rounded.

The Guardian - UK

Pharrell Williams celebrates ‘human athletic prowess’ at Paris fashion week

Musician and designer takes inspiration from Olympics and Euros for his Louis Vuitton show

International Business Times

LVMH, Accor Team Up To Develop Orient Express Brand

French hotel group Accor and luxury goods giant LVMH said Thursday they had entered into a "strategic partnership" to develop the fabled Orient Express brand.

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Fortune

LVMH's Italian Dior maker is being investigated for outsourcing luxury goods manufacturing to Chinese-owned firms that allegedly exploit workers

The ruling found that employees slept at their workplace just to ensure they were “available 24 hours a day,” a report said.

Wallpaper

Take an exclusive tour of La Main, LVMH Métiers d’Art’s new Parisian HQ

LVMH Métiers d’Art’s new Parisian HQ, La Main, brings together modern minimalism and historical charm in a building that celebrates craft

International Business Times

Luxury Brands Lure Chinese Shoppers Despite Slowdown

Sipping champagne and nibbling fried dumplings, Shanghai's rich and influential posed by Louis Vuitton signs at a runway afterparty -- a lavish affair designed to win customers in China's crucial market.

Barchart

Capri Holdings: May 17 $35 Unusually Active Call Option Is a No-Brainer

One stock stood above all others in Wednesday’s unusual options activity. Capri Holdings’ May 17 $35 call had a Vol/OI ratio of 526.92, almost three times the next-highest ratio. Whoever was buying yesterday was right on the money. Here’s why.

Fashion Times

Hedi Slimane May Be Leaving Celine and Celine Fans (Celebs Included) Are Officially Freaking Out

The rumors have really been flying since the designer is currently negotiating his contract with Celine parent company LVMH.

Creative Bloq

The best rebrands of 2020s (so far)

From nostalgic revisions to bold new campaigns – these are the best rebrands of the decade, as picked by industry experts.

International Business Times

Family Affair: Two More Arnault Sons Join LVMH Board

Two sons of the world's richest man Bernard Arnault on Thursday joined the board of LVMH after a shareholder vote, further cementing the family's control on the French luxury goods giant.

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