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Europe's richest person is about to buy a soccer club with Paris FC deal

Thu, 10/10/2024 - 06:48

Tech Insider

Bernard Arnault — Barnard Arnault's family is poised to acquire a 55% majority stake in French football club Paris FC.
AP Photo/Michel Euler, Pool

Retail, LVMH, bernard-arnault, red-bull, F1, formula-1, Olympics

Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide

Tue, 10/08/2024 - 07:43

Tech Insider

bernard arnault — LVMH CEO Bernard Arnault took a hit to his fortune as luxury stocks tanked on Tuesday.
Reuters

finance, Retail, trending-uk, finance, Retail, LVMH, bernard-arnault

Luxury stocks are on the slide again as China's stimulus plans disappoint

Tue, 10/08/2024 - 06:49

Tech Insider

FILE PHOTO: A woman with a Louis Vuitton-branded shopping bag looks towards the entrance of a branch store by LVMH Moet Hennessy Louis Vuitton in Vienna, Austria October 4, 2018. REUTERS/Lisi Niesner — A lack of fresh information regarding how officials will support China's economy has affected luxury stocks.
Reuters

Retail, Luxury, LVMH, Kering, burberry, dior, christian-dior

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

Mon, 09/30/2024 - 08:08

Tech Insider

Bernard Arnault — Bernard Arnault is the CEO of LVMH and the world's third-richest person.
Chesnot/Getty Images

finance, Retail, trending-uk, finance, Retail, LVMH, bernard-arnault

LVMH's Bernard Arnault overtakes Mark Zuckerberg to become 3rd-richest person after $30 billion wealth surge

Sat, 09/28/2024 - 10:35

Tech Insider

Bernard Arnault — Bernard Arnault has grown $30 billion richer this week.
Chesnot/Getty Images

finance, Retail, trending-uk, finance, Retail, LVMH, bernard-arnault

LVMH made a huge splash in its first big Olympics push. The retail giant should do it again, a luxury expert says.

Mon, 08/19/2024 - 21:00

Tech Insider

An employee works on a drawer of one of the leather Louis Vuitton-branded trunks for the Olympic medals — Custom LVMH trunks and medals were among myriad visible reminders of the company's Olympics presence.
Anne-Christine Poujoulat/AFP via Getty Images

Retail, LVMH, summer-olympics, paris-2024, 2024-olympics, Luxury

See inside the luxury shopping village that's like Disneyland if you're looking to pick up Dior and Gucci at a discount

Sun, 08/18/2024 - 06:00

Tech Insider

Bicester Village — Bicester Village is a designer outlet shopping center, located in rural England.
Alexandra Bacon

Retail, Retail, Discount, Shopping, LVMH, bernard-arnault

Two luxury companies are selling big to Japanese buyers, not just to tourists taking advantage of the cheaper yen

Wed, 07/31/2024 - 05:22

Tech Insider

Japan Prada — Prada Group saw a jump in Japan's sales from local customers, amid a spike in Chinese tourist luxury sales.
Budrul Chukrut/Getty Images

Retail, Japan, prada, LVMH, hermes, luxury-spending

Bernard Arnault's wealth is slumping as the luxury boom falters

Fri, 07/26/2024 - 05:44

Tech Insider

Bernard Arnault wearing a navy-blue blazer jacket and a white shirt. — Bernard Arnault's wealth fell by $46 billion over a four-month period, per Bloomberg data.
Edward Berthelot/Getty Images

Retail, bernard-arnault, Luxury, Retail, Wealth, luxury-goods, LVMH

The luxury outlook in China just keeps getting worse

Thu, 07/25/2024 - 05:27

Tech Insider

Dior Hong Kong — China's luxury sales are tumbling as wary consumers spend less at home and more in Japan.
Serene Lee/Getty Images

Retail, Luxury, China, LVMH, gucci, Kering, q2-earnings

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