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

Sat, 09/28/2024 - 10:35

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

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

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

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

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

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

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

Thu, 07/25/2024 - 05:21

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

Sports, Retail, LVMH, bernard-arnault, dior, Paris, Olympics

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

Wed, 07/24/2024 - 07:06

Pouring of Krug Champagne — LVMH saw an 8% year-over-year decline in revenue for Champagne in 2024.
Annie Mulligan/Getty Images

Retail, LVMH, Champagne

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

Wed, 07/24/2024 - 06:25

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

Retail, Retail, LVMH, marketing, China, economy, Luxury

Japan is fast becoming the hottest market for luxury brands

Wed, 07/24/2024 - 04:50

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

Retail, Retail, Luxury, China, Japan, LVMH, Kering

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