The Decline of Luxury Goods Market: Implications for LVMH and Other Brands

The Decline of Luxury Goods Market: Implications for LVMH and Other Brands

Big profits at luxury goods companies helped LVMH boss Bernard Arnault, who is Europe’s richest man, overtake Tesla CEO Elon Musk as the world’s richest man earlier this year. At his peak, Arno’s fortune was $200 billion. This happened thanks to the renewed interest of LVMH brands, such as Christian Dior and Louis Vuitton. Since … Read more

Competition to attract duty-free shops begins as Louis Vuitton president visits Korea today, with the presence of Lee Bu-jin and Jeong Yoo-kyung

Competition to attract duty-free shops begins as Louis Vuitton president visits Korea today, with the presence of Lee Bu-jin and Jeong Yoo-kyung

20 days visit… Distribution Major CEO MeetingDiscussion of additional stores and investment in department stores and duty free shops Bernard Arnault, president of Louis Vuitton Moët Hennessy (LVMH), the world’s largest luxury goods group, will visit Korea on the 20th. Chairman Arno’s visit to Korea has been 3 years and 5 months since October 2019. … Read more

Post about kids in the biggest luxury empire: Bernard Arnault appoints his daughter to head Dior

Post about kids in the biggest luxury empire: Bernard Arnault appoints his daughter to head Dior

LVMH chairman and CEO Bernard Arnault wants his family to be an integral part of the luxury goods empire. He put his daughter Delphine Arnault in charge of one of the leading labels under the empire’s umbrella, Christian Dior, in a management reshuffle. The world’s largest luxury empire has replaced longtime Louis Vuitton CEO Michael … Read more