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The Latest Breaking News from LVMH

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

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

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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

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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

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

The Guardian - UK

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.

Fortune

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.

Motorsport

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

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.

Autosport

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.

Motorsport

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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."

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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

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.

Barchart

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.

Fortune

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

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.

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