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

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

Reuters

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

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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

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.

Chesnot/Getty Images

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

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Bernard Arnault
Bernard Arnault has grown $30 billion richer this week.

Chesnot/Getty Images

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

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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

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

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

Alexandra Bacon

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

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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

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

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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

The luxury outlook in China just keeps getting worse

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Dior Hong Kong
China's luxury sales are tumbling as wary consumers spend less at home and more in Japan.

Serene Lee/Getty Images

Take a look at the luxury items LVMH is custom-making for the Paris Olympics

Tech Insider : Sports
Louis Vuitton trunk holding Olympic medals
A custom Louis Vuitton trunk holds the Olympic medals, also designed by an LVMH brand.

Courtesy of LVMH

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