Champagne sales are tanking. An LVMH exec thinks people aren't happy enough to pop bottles.

Tech Insider
Pouring of Krug Champagne
LVMH saw an 8% year-over-year decline in revenue for Champagne in 2024.

Annie Mulligan/Getty Images

LVMH is waiting for China's consumers to shop at home

Tech Insider : Economy
Customers are lined up outside a Louis Vuitton store.
Louis Vuitton stores in China have lost ground to their Japanese counterparts from a weaker yen.

Zhang Peng/LightRocket/Getty Images

Japan is fast becoming the hottest market for luxury brands

Tech Insider
people queuing outside the Dior store in Tokyo
Tourists are flocking to Japan to take advantage of its currency downturn, buying luxury goods for less.

Tomohiro Ohsumi/Getty Images

I ate at the Paris bistro that's now owned by the richest man in Europe. It has many critics, but one dish won me over.

Tech Insider
Author Kasia Dietz outside of Chez L'Ami Louis smiling
I dined at Chez L'Ami Louis for the first time to see what the buzz was all about.

Kasia Dietz

Critics roasted LVMH for spending big on Tiffany. 4 years later, the bet doesn't look so bad.

Tech Insider : Economy
Photo illustration of Audrey Hepburn inside a crystal ball.
Four years after it became LVMH's biggest acquisition ever, Tiffany & Co. is bouncing back thanks to upgraded products and store renovations.

Getty Images; Jenny Chang-Rodriguez/BI

Two luxury rivals are joining forces — and Amazon is getting in on the action

Tech Insider
Saks Fifth Avenue
Saks Fifth Avenue is purchasing Neiman Marcus in a mega luxury fashion merger.

John Greim/Getty Images

Chinese shoppers are so obsessed with LVMH that some people asked the CEO to bless their babies

Tech Insider
Bernard Arnault
Bernard Arnault and his company LVMH have a big fanbase in China.

ERIC PIERMONT/AFP/Getty Images

French luxury tycoon Bernard Arnault, the richest man outside America, is buying one of Paris' most iconic restaurants

Tech Insider
Bernard Arnault
LVMH is owned by Bernard Arnault, who regularly jostles with Jeff Bezos and Elon Musk for the title of the world's richest person.

Tefano Rellandini/Getty Images

The luxury conglomerate behind Cartier is beating LVMH at its own game

Tech Insider
Photo collage featuring a tag with the Richemont logo, jewelry from Cartier (Trinity ring and Love bracelet), and a Van Cleef Vintage Alhambra pendant
Richemont, the conglomerate that owns brands like Cartier and Van Cleef & Arpels, has been heating up the luxury space.

Richemont; Cartier; Van Cleef; Alyssa Powell/BI

Jeff Bezos and Bernard Arnault are worth a combined $404 billion — here are the routes they took to achieve mega-wealth

Tech Insider
Collage of Jeff Bezos on the left wearing a suit and bowtie and Bernard Arnault ont he right wearing a navy blue suit and tie
Jeff Bezos and Bernard Arnault.

Getty Images

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