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The Latest Breaking News from LVMH

Rihanna's Billionaire Empire 'Crumbles' as Fenty Beauty Struggles — Singer Faces Stunning £60M Loss

Newly filed UK accounts show Rihanna's Denim UK Holdings reporting a near-£27m swing after the closure of the Fenty fashion line; Reuters reports LVMH is exploring a sale of its 50% stake in Fenty Beauty, signalling strategic repositioning.

International Business Times UK

Rihanna loses around $36 million following collapse of luxury-fashion venture with LVMH

In a huge blow to the singer, Rihanna has lost close to $36 million following the collapse of her luxury-fashion venture with LVMH.

BANG Premier

Louis Vuitton Earnings Show Luxury Bull Market Isn’t Done Yet

Affluent households continue to do the bulk of the spending in the U.S. economy, which is boosting the profits of premier luxury brands like Louis Vuitton.

MarketBeat

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Women Designers 'Not Getting The Breaks' Despite Global Fashion Shake-up

In fashion at the moment, as seen on catwalks: frills, corsets, big shoulder pads, and "naked dresses".

International Business Times

Giorgio Armani group names luxury veteran and longtime manager Giuseppe Marsocci as new CEO

The Armani fashion house has appointed Giuseppe Marsocci as its new CEO following the death of its founder last month

The Independent UK

LVMH CEO Bernard Arnault sees wealth skyrocket by $19 billion overnight after months of bleeding billions as shoppers trade designer bags for luxury vacations

It may be a difficult climb for the LVMH chairman to claw back to his January high of $209 billion as researchers project a 3-year slowdown in luxury shopping.

Fortune

LVMH Chief Bernard Arnault sees his wealth jump by $19 billion

The 76-year-old businessman, one of the world's richest individuals, saw his wealth increase by 12% on Wednesday as his LVMH group enjoyed a share rally.

Euronews

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Why Michelle Obama’s stylist invested in an LVMH-backed AI styling platform: ‘It was a no-brainer’

Celebrity stylist Meredith Koop says the “brilliant” mind behind LVMH-backed AI stylist Alta, Jenny Wang, sold her on investing in the technology.

Fortune

FTSE 100 falters as investors mull outlook for UK economy

It comes as Rachel Reeves told Sky News that she is looking at both tax rises and spending cuts in the upcoming Budget.

Evening Standard

Maria Grazia Chiuri Named Creative Director At Fendi

Italian designer Maria Grazia Chiuri was named Tuesday as the new chief creative officer at Rome-based luxury brand Fendi, just months after stepping down as womenswear designer at Dior.

International Business Times

LeBron James Pulls A Snoop Dogg: Retirement Buzz Turns Into Booze Partnership

NBA superstar LeBron James teased "the decision of all decisions" to be announced Oct. 7, 2025. While speculation grew that he might announce his decision to retire after the upcoming NBA season, it turned out that his decision was just a strategic advertising campaign.

Benzinga

Reform treasurer admits looking stupid after company was ‘defrauded’ – court

Nick Candy said he was tricked into investing by Dutch businessman Robert Bonnier.

Evening Standard

Reform treasurer’s company seeking millions after alleged fraud, High Court told

Nick Candy’s company, Candy Ventures Sarl, is alleged to have been ‘duped’ into investing into a technology start-up.

Evening Standard

Eiffel Tower closed as nationwide strikes held across France against spending cuts

The nationwide strike, called by France's major unions, is the latest in a series of protests that started last month amid political turmoil and heated budget talks.

Euronews

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The Conversation

The group Louis Vuitton (LVMH), a gift to the Musée d’Orsay and a huge tax incentive – business as usual?

In January 2023, the Musée d’Orsay in Paris acquired La Partie de bateau (The Boating Party), an 1877 painting by Gustave Caillebotte (1848-1894) hailed as a major work of Impressionism for its bold and dynamic treatment, along with its subject’s carefree nature.

Radio France Internationale

French economist Zucman and billionaire Arnault trade barbs over wealth tax plan

A French economist behind a wealth tax plan on Sunday hit back at the country's richest person who claimed the academic wanted to destroy the French economy.

International Business Times UK

Luxury Leak Horror: Gucci, Balenciaga and McQueen Hacked in Cyber-Attack Exposing Millions of High-End Shoppers

Luxury brands Gucci, Balenciaga, and Alexander McQueen were hacked by the criminal group Shiny Hunters. The breach, which occurred through Kering's systems, exposed the data of millions of customers, including names, addresses and spending habits.

Benzinga

Armani's Fashionable Exit: Can Heirs Turn Couture Into Cash For Investors?

Giorgio Armani's heirs are flirting with the public markets — and Wall Street is taking notes.

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Euronews

Armani's will: Fashion empire to be sold or go public in the next years

The founder of the Italian fashion house Giorgio Armani left the fashion empire with clear instructions to be partially sold to competitors or seek an initial public offering (IPO) at a later stage.

International Business Times

Armani's Will Lays Path To Potential Buyout By Rival

Fashion legend Giorgio Armani asked in his will made public Friday for a major luxury group to take a stake in his company, citing LVMH, EssilorLuxottica or L'Oreal as potential buyers.

The Guardian - UK

Giorgio Armani’s will says his brand should be sold or seek IPO

Late founder instructs heirs to gradually sell stakes with priority given to LVMH, L’Oréal or EssilorLuxottica

The Independent UK

Giorgio Armani’s will instructs heirs to sell 15% of his empire

According to his will, published online Friday by Italian daily La Repubblica

International Business Times

Fashion, Cinema Stars Hail 'Love Affair' With Armani

Leading cinema and fashion figures on Thursday paid tribute to the genius of fashion legend Giorgio Armani, whose client list read like a who's who of Hollywood stars and royalty.

Benzinga

Luxury Labels Lose Their Luster Amid Changing Vibes, Gucci Sales Plunge 25% and LVMH Disappoints

Luxury brands are grappling with a significant sales slump, raising concerns over the long-term structural attractiveness of the industry.

International Business Times UK

Is It Time to Invest in L.A.B. Putters? Brand Popularity Soars After $200 Million Buyout Following US Open Buzz

L.A.B. Golf's £152M L Catterton acquisition on 28 July, after Spaun's US Open win, projects sales to hit £91.2M in 2025

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