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LVMH says its wine business took a 12% hit because people are too sad to buy champagne
Retail
LVMH says its wine business took a 12% hit because people are too sad to buy champagne
By Sydney LakeJuly 25, 2024
People passing the Louis Vuitton store on Bond Street which has seen a recent drop in demand for luxury goods and with some stores deciding to move out on 4th February 2024 in London, United Kingdom. Bond Street is one of the principal streets in the West End shopping district and is very upmarket and has been a fashionable shopping street since the 18th century. The rich and wealthy shop here mostly for high end fashion and jewellery. (photo by Mike Kemp/In Pictures via Getty Images)
Finance
Trouble lies ahead for European luxury brands and car makers as China’s slowdown hurts profits, share prices, valuations and jobs
By Kit Rees, Verena Sepp and BloombergJuly 25, 2024
Max Verstappen of Netherlands, Oracle Red Bull Racing, portrait during the Formula 1 Rolex Australian Grand Prix of FIA Formula One World Championship from 30th of March to 2nd of April, 2023 on the Albert Park Circuit, in Melbourne, Australia. (Photo by Gongora/NurPhoto via Getty Images)
Retail
Rolex downturn? LVMH’s ‘smaller’ Swiss watch brand grapples with Rolex over $150 million Formula 1 sponsorship deal
By Andy Hoffman, Angelina Rascouet and BloombergJuly 24, 2024
A guest wears Louis Vuitton red leather bag, outside Louis Vuitton, during the Paris Fashion Week Menswear Spring/Summer 2025 on June 18, 2024 in Paris, France.
Retail
Prada and Dior counterfeits are soaring in popularity because Gen Z is trying to ‘achieve a sense of social equality’
By Ryan HoggJuly 24, 2024
people taking the escalator in front of a Dior store in a mall
Retail
LVMH’s wine, champagne and handbags still can’t win back budget-tight Chinese consumers rationing their luxury purchases
By Prarthana PrakashJuly 24, 2024
Bernard Arnault, billionaire and chairman of LVMH Moet Hennessy Louis Vuitton SE, left, and Alexandre Arnault, vice president of Tiffany & Co., at the Viva Technology conference at Porte de Versailles exhibition center in Paris, France, on Friday, June 18, 2021. Viva Tech is dedicated to innovation and startups and runs June 16 - 19. Photographer: Nathan Laine/Bloomberg via Getty Images
Retail
Unachievable sales targets, lower commissions and more competition: How LVMH’s $16 billion bet on Tiffany & Co has fallen short
By Jeannette Neumann and BloombergJuly 23, 2024
Backed by luxury giant LVMH, L Catterton buys a stake in 9 European shopping villages for £1.5 billion
Retail
Backed by luxury giant LVMH, L Catterton buys a stake in 9 European shopping villages for £1.5 billion
By Jack Sidders and BloombergJuly 23, 2024
Chief Executive Officer of LVMH, Bernard Arnault.
Retail
LVMH billionaire Bernard Arnault enters race to acquire Venice’s iconic Hotel Bauer—with bids rising over €275 million
By Laura Benitez, Angelina Rascouet, Libby Cherry and BloombergJuly 1, 2024
Bernard Arnault smiles to his right and is in front of a pink background.
Leadership
LVMH CEO and world’s richest man Bernard Arnault reveals what motivates him to work 12-hour-plus days, even at 75: ‘Every morning I have fun when I arrive’
By Sasha RogelbergJune 26, 2024
Bernard Arnault standing behind a rostrum
Success
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
By Prarthana PrakashJune 26, 2024
Chez l'Ami Louis in 1987
Lifestyle
LVMH, the world’s biggest luxury company, just added a quirky 3-star Parisian bistro that makes $100 roast chicken to its empire
By Prarthana PrakashJune 24, 2024
Balenciaga goods are going for 40% off in China as luxury brands conduct ‘the equivalent of hosting a public sale on Fifth Avenue’
Finance
Balenciaga goods are going for 40% off in China as luxury brands conduct ‘the equivalent of hosting a public sale on Fifth Avenue’
By Shirley Zhao and BloombergJune 14, 2024
People walking outside a Dior store
Retail
LVMH’s Italian Dior maker is being investigated for outsourcing its luxury manufacturing to Chinese-owned firms that allegedly exploit workers
By Prarthana PrakashJune 11, 2024
Golden Goose CEO Silvio Campara is wearing a black shirt and gesturing with both hands as he speaks.
Finance
Gen Z sneaker brand with $740 ‘dirty’ shoes counts Taylor Swift as a fan—and is eyeing a $3.3 billion valuation
By Sasha RogelbergMay 28, 2024
Elon Musk
Personal Finance
The ultra-exclusive $100 billion club has swelled to an unprecedented 15 members
By Diana Li, Jack Witzig and BloombergMay 16, 2024
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