5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco

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Bernard Arnault
Bernard Arnault is the CEO of LVMH and the world's third-richest person.

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Bethenny Frankel is calling out a Chanel boutique that seemingly only allowed her to shop when she wore designer clothes

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Bethenny Frankel attends the 2023 Glamour Women of the Year event.
Bethenny Frankel.

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I visited Chanel's watches and fine jewelry boutique in NYC and saw why the brand is betting on in-person shopping

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A woman takes a selfie in front of a store with
Chanel opened a watches and fine jewelry store in Manhattan.

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Luxury brands from Gucci to Chanel are placing billion-dollar bets on in-store shopping

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Gucci
The Gucci storefront in Moscow.

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I buy and resell Hermès bags. These 13 indicators will tell you if you've got a fake.

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Magnifying glass hovering over a Hermès Birkin 25 Vert Emerald Lisse Crocodile Porosus GHW
Birkin bags can sell for hundreds of thousands of dollars.

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Elite investor John Paulson claims in a new lawsuit that his ex-business partner duped him out of millions to fund Louis Vuitton shopping sprees and Las Vegas parties

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FILE - John Paulson attends a meeting of the Economic Club of New York in New York, on Nov. 12, 2019. Ten years after receiving it, New York University publicized a $100 million gift from the hedge fund leader Paulson. (AP Photo/Seth Wenig, File)
Billionaire hedge fund manager John Paulson.

Seth Wenig/AP Photo

These retailers are bucking the trend and opening stores in San Francisco despite the city's 'doom loop'

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Nordstream San Francisco
There has been an exodus of retailers in downtown San Francisco, with a Nordstrom branch being among the recent closures.

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Chanel's CEO says she's been the 'first woman, the first brown person, the first Asian, the first Indian' in every job – and wants to lift others up

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Leena Nair speaking on a stage whilst wearing a red top
Chanel CEO Leena Nair.

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The life of Karl Lagerfeld, the late Chanel designer whose career was honored at this year's Met Gala

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Black and white photo of Karl Lagerfeld in crowd in 1997

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Meet the Wertheimers, the secretive French brothers worth $96 billion who control Chanel, own vineyards in France and Napa Valley, and breed racehorses

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Alain and Gerard Wertheimer
The brothers have a combined net worth of $96 billion.

Michel Dufour/WireImage/Getty Images

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