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The Latest Breaking News from LVMH

Tiffany's New York fire: Huge blaze tears through refurbished Fifth Avenue building

Images show smoke billowing from the newly refurbished iconic Tiffany's building in Fifth Avenue, Manhattan New York - fire crews report a 'high voltage electrical fire' in the basement

Daily Mirror

He’s the world’s richest man. So why do we hear so little from Bernard Arnault?

France does not expect much in the way of philanthropy from its low-profile billionaire class. Perhaps it should, says Alexander Hurst of Sciences Po

The Guardian - UK

Kim Jones draws on Dior’s heritage for new menswear collection

Designer’s fresh aesthetic with nods to the fashion house’s history is proving to be a success

The Guardian - UK

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The world’s two richest men had lunch in Paris as Elon Musk’s grand tour of Europe continues

Tesla CEO Elon Musk and LVMH CEO Bernard Arnault dined at Cheval Blanc with family members.

Fortune

Elon Musk reclaims title of world’s richest person

Maverick head of Tesla and Twitter overtakes French billionaire Bernard Arnault, head of the LVMH luxury goods empire

The Guardian - UK

How did Bernard Arnault make his money?

Following Arnault’s buyout of Boussac, the billionaire fired 9,000 people working for the company, sold off most of the group’s assets (except the Dior brand), and earned the nickname “the Terminator.”

Fortune

Watchmaker On Pace To Join Billion-Dollar Club

Swiss luxury watchmaker, TAG Heuer, is growing its sales, under the leadership of Bernard Arnault's son, Frédéric Arnault.

Barchart

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World’s richest person sees $11 billion in wealth wiped out

A share price bloodbath massively impacted Bernard Arnault's wallet - but he's still the wealthiest person on the planet.

Fortune

Beverly Hills voters to decide the fate of ultra-luxury LVMH hotel project

In a city whose name is shorthand for exclusivity and wealth, the future of a planned ultra-opulent hotel will soon be decided by the most democratic of means: an election.

Los Angeles Times

LVMH and Stellantis provide donations for Italian flood recovery

Luxury goods group LVMH and carmaker Stellantis have each donated 1 million euros ($1.10 million) to support flood relief efforts in northern Italy, the Emilia-Romagna region said on Monday.

Reuters

Alexandre Arnault interview: The Landmark heralds a ‘new era’ for Tiffany & Co.

Via a video call from Paris, Alexandre Arnault details how stages of life are marked by select objects. Often, these objects seem to be jewellery. Arnault had been a “watch guy” for some time when he first added a gold ring – a wedding band, following his and Géraldine Guyot’s…

The Week

Bernard Arnault, the world's richest man, has six years to pick a successor. Will one of his children rise?

When the world's richest person sits down for monthly lunches in Paris with his five children, he's searching for his successor. Welcome to the house of Arnault.

ABC News

Gen Zers are redefining the values of the luxury market. Status and prestige are out–sustainability and inclusivity are in

A mere five ago, these developments would have felt jarring for the luxury sector. Today, they seem completely culturally relevant.

Fortune

The Richest People in the World as 2024 Ends

Where the richest people in the world ended 2024, including Larry Ellison, Elon Musk and Warren Buffett.

Kiplinger

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Financial Times

Will the extraordinary boom in luxury goods ever end?

The rise of LVMH to become Europe’s first $500bn company illustrates the sector’s seemingly unstoppable growth

The Guardian - UK

LVMH becomes first European company to reach $500bn valuation

Shares in group, which owns Louis Vuitton, Christian Dior and Tiffany, are up 30% this year

Bangkok Post

Gaysorn sets out Bangkok expansion plans

Gaysorn Property Co, a luxury developer and one of the largest freehold landlords in Bangkok's Ratchaprasong area, is poised to continue shaping the commercial and shopping district to maintain its position as an iconic destination.

Barchart

Ron DeSantis Thinks You Shouldn’t Drink Bud Light. Does that make BUD a Sell?

Florida Governor Ron DeSantis is boycotting Bud Light because the beer maker promotes transgender personality, Dylan Mulvaney. Anheuser-Busch stock has lost $5 billion in value since announcing the promotion. Does that make BUD stock a sell?

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news in one place.

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Fortune

China's reopening sees Gen Z ready to splurge after lying flat: 'They don’t see life as a matter of ruthless survival'

A shift in attitudes towards work and personal comfort in China's younger generation may end up helping the country’s economy.

The Independent UK

Protesters storm Louis Vuitton’s Paris HQ ahead of ruling on French pension reforms

LVMH office stormed days after owner named richest man in the world

The New Daily

French resistance continues on pension plan

Paris and other French cities have seen another show of resistance to President Emmanuel Macron's plan to raise the pension age to 64.

Radio France Internationale

Luxury goods shop invaded by Paris protesters as pension row grinds on

The 12th day of strikes and protests against the government's pension reform plans is continuing across France. There have been isolated reports of violence.

Evening Standard

Louis Vuitton’s Paris HQ stormed by demonstrators protesting against Macron pension reforms

The Paris HQ of luxury brand Louis Vuitton was stormed by angry demonstrators protesting against Emmanuel Macron’s planned pension reforms.

Barchart

Elon Musk Could Learn a Thing or Two From Bernard Arnault

Luxury conglomerate LVMH reported Q1 2023 results on April 12. You would hardly know from its results that there was a possible recession around the corner. Iconic companies tend to be like that.

Evening Standard

Asian rebound helps push LVMH first quarter revenue beyond €20 billion

The world’s richest man Bernard Arnault is set to benefit from the jump in sales

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