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The Latest Breaking News from LVMH

Pharrell Williams named as creative director of Louis Vuitton menswear

Musician and entrepreneur is second Black American designer to hold position at French luxury house after Virgil Abloh

The Guardian - UK

Pharrell Williams is Louis Vuitton’s new creative director of menswear

The singer-turned-tastemaker will replace the late Virgil Abloh, who died in November 2021

Evening Standard

Louis Vuitton Expected to Raise Prices as Much as 20% In China

LVMH's top fashion brand Louis Vuitton is expected to increase prices in China by as much as 20%, as luxury labels bank on a strong rebound of Chinese demand following the easing of COVID-19 lockdowns. Louis Vuitton, the world’s biggest luxury brand, last February led the way to a string…

Asharq Al-Awsat

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This glorious portrait is too precious a treasure to be lost from our shores for ever

Even in tough times, masterpieces like Joshua Reynolds’s painting are worth saving

The Guardian - UK

Haute couture, spring-summer 2023: Dior takes inspiration from 1920s Paris

The House of Dior turns over vast sums of money for luxury giant LVMH, but high-end fashion can never be just about the cash: it's also about world-leading artistry. In her spring-summer 2023 collection, Dior's artistic director Maria Grazia Chiuri pays homage to the elegant modernity of the Black Parisian…

France 24

Former Celine creative director Phoebe Philo to launch new brand in September 2023

The British designer first announced the coming of her own fashion label in July 2021

The Independent UK

Caillebotte painting worth €43m acquired by France's Musée d'Orsay

Gustave Caillebotte's impressionist masterpiece, La Partie de Bateau, has been hung for the first time at the Musée d'Orsay in Paris. Valued at more than 40 million euros, it was acquired thanks to the patronage of the LVMH luxury group.

Radio France Internationale

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A new arrival at the Musée d'Orsay: Gustave Caillebotte's 'Boating Party'

It was one of the last impressionist masterpieces still in private hands, but Gustave Caillebotte's painting "Boating Party" is now part of France's national collection. The purchase was made possible thanks to a €43 million donation from the luxury group LVMH. We report on its arrival at its new home,…

France 24

A battle may be shaping up between the two richest men in the world over who controls the luxury electric car market

The English sports car brand Lotus plans to float its shares on the Nasdaq stock market in the latter half of this year through a reverse merger with a SPAC firm backed by Bernard Arnault.

Fortune

Chinese owner of Lotus Technology to list a stake in US via blank cheque firm

EV maker and R&D arm of car group owned by Geely planning to join Nasdaq in deal with Spac backed by Bernard Arnault

The Guardian - UK

Aesop reported target in $2bn bidding war between French groups

LVMH, L’Oréal and Japan’s Shiseido Co said to be weighing up bids for Australian luxury beauty brand

The Guardian - UK

France Buys New Masterpiece for Orsay Museum with LVMH Gift

France has acquired a stunning Impressionist masterpiece for its national collection of art treasures, with a donation from luxury goods giant LVMH paying the 43 million euros (nearly $47 million) for “A Boating Party” by 19th-century French artist Gustave Caillebotte. The oil on canvas shows an oarsman in a top…

Asharq Al-Awsat

France buys new masterpiece for Orsay museum with LVMH gift

France has acquired a stunning Impressionist masterpiece for its national collection of art treasures

The Independent UK

Luxury giant LVMH enjoys best year yet despite post-Covid downturn

French luxury goods giant LVMH is not feeling the post-Covid pinch. The group has released its figures for 2022, which show revenue just below the bar of €80 billion. Meanwhile, shipments of smartphones have dropped to a near-decade low. Finally, we find out about a lawsuit that involves King Charles…

France 24

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Asharq Al-Awsat

Luxury Group LVMH's Sales Defy Downturn

Luxury goods group LVMH's sales rose 9% in the fourth quarter as shoppers in Europe and the United States splurged over the crucial holiday season, helping to partly offset COVID disruptions in China. Sales at the world's biggest luxury group reached 22.7 billion euros ($24.65 billion) in the final three…

The Guardian - UK

Flying shame: the scandalous rise of private jets

Last week, Rishi Sunak flew from London to Blackpool – his third private jet trip in 10 days. He’s far from the only one using air travel for short journeys. Just how much damage is this doing?

Fortune

Gen Z are splurging on luxury shopping from as young as 15

Teenagers are making their first luxury buys - likely a piece of jewelry or bag - as early as age 15. It's a trend that's set to stay and brands are capitalizing on their new audience.

Asharq Al-Awsat

Luxury Giant LVMH hits 400 Billion Euro in Market Value

LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalization of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe's most valuable company. Like other luxury companies which are heavily exposed to China, LVMH has benefited…

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The Guardian - UK

Battle for succession in house of Dior: siblings jostle to seize family crown

The world’s richest man, Bernard Arnault, is choosing which of his children will lead his $418bn conglomorate. Cue gold-plated intrigue and drama …

The Times of India

Meet Pietro Beccari: The new CEO of Louis Vuitton

French luxury house, Louis Vuitton Malletier, also known as Louis Vuitton is witnessing a management change. The chairman of the company, Bernard Arnault has reshuffled top management. Now, Pietro Beccari, who has been the head of Dior since 2018, will replace long-time Louis Vuitton CEO Michael Burke and Bernard has…

Fortune

Why LVMH's Bernard Arnault making his daughter Dior CEO could have drawbacks

Hiring your kids comes with massive pros and cons experts have warned — and even then they may need to work twice as hard to prove themselves to staff.

The Independent UK

Billionaire owner of LVMH appoints daughter to run Dior

Arnault, 73, overtook Tesla founder Elon Musk as the world’s richest man last year

Evening Standard

World’s richest man Bernard Arnault picks daughter Delphine to run Dior

All five of Arnault’s children are involved in the management of his luxury fashion empire at senior levels

Fortune

Elon Musk's net worth drop breaks world record as biggest in history

The Tesla and Twitter CEO has also lost the title of world's richest person, which has been handed to LVMH founder Bernard Arnault.

Asharq Al-Awsat

LVMH Names New Louis Vuitton CEO, Puts Arnault Daughter in Charge of Dior

LVMH Chairman and CEO Bernard Arnault has reshuffled top management at his luxury goods empire, tightening his family's grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton. Pietro Beccari, who has been the head of Dior since 2018, is…

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