LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’ todayheadline
The luxury goods CEO likens layoffs at Tiffany’s to those at Meta. Read More
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LVMH sells Stella McCartney stake to founder after downturn todayheadline
The luxury group is cleaning up its portfolio of labels amid a downturn for high-end goods. Read More
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The luxury goods market has created its own crisis, and it won’t recover until after 2027 todayheadline
Luxury executives are more bearish about the industry because of tariffs and a changing appetite for high-end goods, the State ...
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Hermès boss doesn’t like the company being compared to archrival LVMH, which once tried to buy the Birkin bag maker todayheadline
Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to stratospheric success. ...
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French AI startup backed by Arnault plans to raise more funds
H, the French artificial intelligence startup founded by veterans of Googleâ€s DeepMind AI lab and backed by billionaires including LVMH ...
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50 million people have stopped buying luxury brands like Dior and Burberry after 'broken promises' to customers
Nothing gold can stay. Despite years of strong performance, the market for personal luxury goods is set to slow down ...
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