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Actor Kris Wu, CEO of Rimowa, Alexandre Arnault, Frederic Arnault and Owner of LVMH Luxury Group Bernard Arnault attend the Louis Vuitton Menswear Fall/Winter 2020-2021 show as part of Paris Fashion Week on January 16, 2020 in Paris, France.
Alexandre, Frédéric, and Bernard Arnault in January 2020.
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Antoine Arnault (left) and his father, Bernard Arnault, the CEO of LVMH.
Antoine Arnault (left) and his father, Bernard Arnault, the CEO of LVMH.
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Chinese tourists buying the luxury brand Louis Vuitton, Macau, China.
LVMH shares have tumbled in the past six months.
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Coach designer handbags
After years of sluggish sales, Coach has experienced a revival in recent years.
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Jeff Bezos and Elon Musk
Jeff Bezos and Elon Musk.
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Louis Vuitton
LVMH needs sales from "aspirational" customers, but offering major discounts to keep them would spell trouble for the company.