The wealth of Bernard Arnault, the richest man in the world just 6 months ago, has decreased significantly – HotNews.ro

The wealth of Bernard Arnault, the richest man in the world just 6 months ago, has decreased significantly – HotNews.ro

French billionaire Bernard Arnault in 2024, at an event organized a few days before the opening of the Olympic Games in Paris, PHOTO: Fabrice Coffrini / AFP / Profimedia French billionaire Bernard Arnault, the founder and CEO of luxury goods giant LVMH, was the world’s richest man just half a year ago, but has now … Read more

Bernard Arnault – the billionaire who loses cash at a better velocity

Bernard Arnault – the billionaire who loses cash at a better velocity

The richest European, Bernard Arnault, is dealing with monetary bother. How applicable is it to name a $20 billion loss a “catastrophe”. That is the extent with which the fortune of the French businessman has melted prior to now 12 months, it’s clear from the info of the Bloomberg Billionaire Index. Yearly, the publication publishes … Read more

French consortium LVMH acquires stake in rival Richemont

French consortium LVMH acquires stake in rival Richemont

Zurich. French billionaire Bernard Arnault, Europe’s richest man and president of the world’s largest luxurious group LVMH, purchased a stake in its smaller rival Richemont, Bloomberg reported on Tuesday. In keeping with the report, each the precise involvement of the proprietor of the Cartier jewellery in addition to Arnault’s intentions had been unclear. Representatives for … Read more

Louis Vuitton – Kiko Milano: The mega deal and the Greek success story – 2024-05-03 23:52:34

Louis Vuitton – Kiko Milano: The mega deal and the Greek success story
 – 2024-05-03 23:52:34

Akathektos continues its development and expansion plan Kiko Milan in Greece and abroad the Faiss group, remaining unaffected by international developments and the mega deal of the Italian low cost beauty brand with the Louis Vuitton group. LVMH-backed investment firm L Catterton has agreed to buy a majority stake in Kiko Milano from the Percassi … Read more

LVMH: Bernard Arnault prepares successor – The background – 2024-04-19 14:12:59

LVMH: Bernard Arnault prepares successor – The background
 – 2024-04-19 14:12:59

Four decades passed the billionaire today Bernard Arnaultdeveloping the manufacturing company he inherited from his father into the LVMH group that holds a leading position in the luxury sector. Methodical, exacting and sometimes ruthless, the 75-year-old remains deeply involved in the management of his empire and does not like to discuss the succession with outsiders. … Read more

Business: The Louis Vuitton store on Andrássy út was robbed

Business: The Louis Vuitton store on Andrássy út was robbed

Business: The Louis Vuitton store on Andrássy út was robbed | hvg.hu Would you like to receive the most important news immediately? No please Please Click to turn on notifications “Please” button! The notification function is available in the following browsers:Chrome 61+, Firefox 57+, Safari 10.1+ Thank you for subscribing! Oops! Something went wrong during … Read more

Thailand Invites LVMH and Kering for Partnership in Fashion Industry Expansion

Thailand Invites LVMH and Kering for Partnership in Fashion Industry Expansion

Today (March 11, 2024) at 9:00 a.m. (Paris local time) at the Dior store, Avenue Montaigne branch, the location where the Christian Dior clothing house was founded in 2849 (1946), Mr. Bernard Arnault, Chairman and CEO of LVMH Group. who is an important person in the world in the fashion and luxury goods industry, met … Read more

Thom Browne Closes New York Fashion Week with “Romantically Dark” Parade Inspired by Edgar Allan Poe’s “The Raven” – Fall 2024 Collection

Thom Browne Closes New York Fashion Week with “Romantically Dark” Parade Inspired by Edgar Allan Poe’s “The Raven” – Fall 2024 Collection

Par AFP Published on Feb 15 2024 In a setting of a snowy field, in the middle of bare trees, the models parade to the sound of crows, in long jacquard tweed coats where black and white shine: the American designer Thom Browne closed New Fashion Week on Wednesday York on a “romantically dark” parade. … Read more

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