Fashion's Billionaire Club: The Titans Who Turned Style into Fortunes The fashion industry is not only a realm of creativity and style but also a significant economic powerhouse, generating substantial wealth for its leading figures. As of early 2024, several individuals have amassed fortunes that place them at the pinnacle of both the fashion and […]
LVMH Brands: A Complete List of Luxury Companies Owned by LVMH LVMH Moët Hennessy Louis Vuitton SE, commonly known as LVMH, is a French multinational conglomerate specializing in luxury goods. As of 2024, LVMH oversees a portfolio of 75 distinguished brands, known as "Maisons," spanning six key sectors: Wines & Spirits, Fashion & Leather Goods, […]
Bernard Arnault’s Children: Who They Are and Their Role in LVMH Bernard Arnault, the billionaire behind luxury goods empire LVMH, has built a family dynasty. His five children—Delphine, Antoine, Alexandre, Frédéric, and Jean—are all involved in the business, leading to speculation about who might inherit control of the company. But despite their deep involvement, Arnault […]
How Bernard Arnault's Grueling Daily Routine Shapes His Success Full Name: Bernard Jean Étienne Arnault Age: 75 (born March 5, 1949) Business: Chairman and CEO of LVMH (Moët Hennessy Louis Vuitton), the world's largest luxury goods conglomerate. Height: 6'2" (188 cm) Education: École Polytechnique (a prestigious French engineering school) Master’s in engineering Spouse: Hélène Mercier (married in 1991), a […]
Bernard Arnault: The Rise of the World’s Luxury Empire Builder Full Name: Bernard Jean Étienne Arnault Age: 75 (born March 5, 1949) Business: Chairman and CEO of LVMH (Moët Hennessy Louis Vuitton), the world's largest luxury goods conglomerate. Height: 6'2" (188 cm) Education: École Polytechnique (a prestigious French engineering school) Master’s in engineering Spouse: Hélène […]
LVMH Reshuffle: Jean-Jacques Guiony and Alexandre Arnault Step into New Roles as Moët Hennessy Faces Challenges LVMH, the world’s leading luxury goods conglomerate, is continuing its management reshuffle with strategic moves aimed at strengthening key divisions during turbulent times. Jean-Jacques Guiony, the long-serving CFO of LVMH, has been appointed CEO of Moët Hennessy, the group’s […]
Burberry Prepares for Potential Takeover by Moncler Amid Strategic Shifts and Market Pressures The iconic British luxury brand Burberry is reportedly on the verge of a major change, with rumors of an acquisition by Italian skiwear leader Moncler sparking intense industry interest. This potential deal comes amid a challenging year for Burberry, marked by financial […]
Bernard Arnault: The Inspirational Success Story of LVMH. Bernard Jean Étienne Arnault is a French businessman, the chairman and CEO of LVMH and the world's richest man in 2024, according to Forbes. Early Life Bernard Jean Étienne Arnault was born on 5 March 1949 in Roubaix. His mother, pianist Marie-Josèphe Savinel had a deep admiration […]
Hermes and Cartier were the first brands to announce such moves, shortly followed by Chanel, Kering, and LVMH. Via a LinkedIn post, French fashion house Chanel said, "Given our increasing concerns about the current situation, the growing uncertainty and the complexity to operate, Chanel decided to temporarily pause its business in Russia.” Meanwhile, luxury goods […]
LVMH, which owns brands from Fendi to Hennessy Cognac and Sephora, said on Thursday that its fourth-quarter sales growth accelerated, hitting €20.02 billion overall. The growth was primarily led by the group’s largest earners, Louis Vuitton and Christian Dior. Louis Vuitton and Dior propelled a 28% increase in sales of fashion and leather goods — […]
The collapse in international tourism has only made matters worse. Whether it’s London’s West End or Tokyo’s Ginza, luxury retailers pack together to attract well-heeled travellers both domestic and international. International tourists can count for as much as 75% of footfall in those locations, and a tendency to buy higher-priced, higher-margin products means their importance […]
And although luxury brands have an advantage over fast-fashion retailers because their products are items that you’d keep in your collection for years to come, they shouldn’t ignore the growing trend towards sustainable and conscious products. Millennials and Gen Z consumers, who are currently driving 85% of global luxury sales growth, are actively making changes […]
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