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LVMH Plunges
Luxury king Bernard Arnault's net worth takes multibillion-dollar hit after LVMH shares fall
LVMH founder and CEO Beranrd Arnault has seen his net worth take a hit this year as the luxury goods conglomerate's stock suffers amid weakened sales.
Luxury goods shares fall as China slowdown hits LVMH
Luxury shares tumbled on Wednesday after industry bellwether LVMH reported a bigger than expected fall in quarterly sales due to weak consumer demand in China. Shares in Paris-listed LVMH, which is controlled by French billionaire Bernard Arnault,
LVMH Plunges as Chinese Luxury Spending Slowdown Worsens
LVMH shares plunged after sales of fashion and leather goods fell for the first time since the pandemic, revealing the scale of the slump in demand from once insatiable Chinese consumers.
Paris FC, Bernard Arnault and Red Bull
France’s richest man Bernard Arnault and Red Bull enter exclusive negotiations to buy Paris FC
French billionaire and LVMH chairman Bernard Arnault has partnered with Red Bull to enter exclusive negotiations over buying Paris FC. Agache, the holding company of France’s richest man Arnault, is in discussions over purchasing a majority stake in the French club.
Soccer-LVMH's Arnault, Red Bull in talks to buy French club Paris FC
French billionaire and LVMH chairman Bernard Arnault has teamed up with energy drinks company Red Bull to buy a controlling stake in French second-tier soccer club Paris FC, the Arnault family office said on Thursday.
French Billionaire Arnault and Red Bull Set Sights on Paris FC Takeover
French billionaire Bernard Arnault and Red Bull are in negotiations to acquire a controlling stake in Paris FC, a French second-tier soccer club. Arnault and Red Bull are seeking to expand their influence in sports following LVMH's recent sponsorship ventures.
1d
on MSN
Louis Vuitton owner LVMH sales slump on weak China demand, shaking luxury sector
The world’s largest luxury group saw its shares tumble as much as 7.5% Wednesday morning to a two-year low before ticking ...
6d
Bootstrapping Your Unicorn: Bernard Arnault’s 7 Keys To LVMH Success
Arnault's rise from a small town to the top of global luxury is extraordinary. Here are 7 key lessons from his journey for ...
4h
Arnault’s wealth dips as luxury dims in China
Eighteen months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was ...
Business Times
1d
Bernard Arnault’s US$37 billion wealth loss comes as luxury dims in China
EIGHTEEN months ago, LVMH shares were trading at a record high and the group’s controlling shareholder, Bernard Arnault, was ...
Irish Independent on MSN
1d
China slump hits high-end fashion giant LVMH as Bernard Arnault’s fortune plummets
Eighteen months ago, LVMH shares were trading at a record high and the group's controlling shareholder, Bernard Arnault, was ...
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