News about Bernard Arnault

But there is talk that a predator rather than rescuer could emerge. Gucci is one of two brands most coveted by Bernard Arnault, boss of LVMH, the £350 billion Tiffany and Dior empire. The other is the jeweller Cartier, a division of the Swiss conglomerate Richemont. A year ago Arnault was trying to buy Richemont. Could he now be eying Kering, whose shares have tumbled by 20 per cent over the past year, due to Gucci's woes?

LVMH, led by Bernard Arnault (pictured with the medals for the Olympic games), has spent a rumoured £130m sponsoring the games. This week the luxury goods leviathan unveiled the sleek opening ceremony uniforms for the French Olympic and Paralympic teams.

The e-commerce and cloud computing behemoth's shares increased more than 1% to a record high of $187.29 before closing at $185.38. Amazon was within touching distance of its record close of $186.57 in July 2021. In recent weeks, rivals including Facebook founder Meta, Microsoft, and Nvidia have all hit new heights.

Forbes compiled a list of the world's richest, with the United States boasting a record 813 billionaires worth $5.7 trillion. Despite the number of Chinese billionaires falling for the third year in a row, China remains ranked second, with 406 super-rich individuals, or 473 if Hong Kong and Macau residents are counted. A total of 200 billionaires from India ranked on the list, with the Asian nation having the third largest number of ultra-wealthy individuals on the list.

Bernard Arnault, a French businessman and investor, maintained his position as the world's richest man on Forbes' billionaires list this year, soaring past social media and ecommerce behemoths Elon Musk, Jeff Bezos, and Mark Zuckerberg to amass a staggering £233 billion fortune. According to Forbes, the 75-year-old Roubaix, France 75 brands and cosmetics labels, including Louis Vuitton, Sephora, and Tiffany & Co, was worth more than he was 12 months ago. Arnault had a record-breaking year with the conglomerate into 2024, adding $22 billion to his personal fortune and putting him $38 billion above runner-up Elon Musk, whose fortune soared to $195 billion this year.

The president announced a study on news website Politico that announced that Macron awarded Arnault (pictured together in February) the country's highest award, the Grand Cross of the Legion d'Honneur, at the event on Wednesday evening. Many attendees told Politico that Beyonce, her husband hip-hop mogul Jay-Z, Queen Rania of Jordan, and the world's third richest man Musk were among the A-listers on stage. Two of them said Beyonce was wearing a 'impressive' if 'awkward' large hat. Arnault, a French entrepreneur who was photographed right with his wife in February), founded LVMH, a luxury products behemoth, which has signed up as a 'premium sponsor' for the Paris Olympics from July 26 to August 11, which also included medals for the athletes.

For the first time in three years, he was named the world's richest individual, dethroning Tesla founder Elon Musk. Jeff Bezos' reign has ended just days after it began, as he has been barred from the top spot by LMVH CEO Bernard Arnault. The three leaders are among the three richest people in the country, and they often trade the throne between them due to the success of their respective businesses' shares. Arnault currently has a net worth of $197 billion, according to Bloomberg's Billionaires' Index.

It's the latest advancement in the ongoing High Court contest between Candy, one of Britain's best known property developers, and Robert Bonnier. In the wake of a tech start-up's failure that promised to revolutionize social media, the two longtime business partners have traded tense legal battles for more than a year. Candy has accused Bonnier's wife Nashida of a string of "artificial trades" in shares of the podcast company Audioboom, which Candy claims 'bear the characteristics' of 'wash trading,' a form of market abuse.

Diego Della Valle, the company's CEO, confirmed that it would remain in the hands of his family, who established the company in 1920. This month, the group revealed that it would sell a 36 percent stake to L Catterton, a joint venture between a private equity firm, French luxury group LVMH, and Bernard Arnault's family investment vehicle. Tod's stock exchange will delist after 24 years under this arrangement.

Celebrities may be vying for front-row seats to London Fashion Week, but your own sofa will give you the most beautiful seat. There are troves of fashion-focused films and television to enjoy from shows ranging from style icons to period dramas examining the beginnings of the most coveted brands.

In what seems to be a sequence of attempts to establish herself as a solo entertainer, the 26-year-old performer, who hails from Thailand, will make her acting debut. Following a hectic year for the singer and dancer, who unveiled LLOUD last week, she has her on-screen debut.

The Italian fashion company has announced that it would sell a 36% stake to L Catterton, which is a joint venture between a private equity firm, French luxury brand LVMH, and founder Bernard Arnault's family investment vehicle. L Catterton is expected to pay €43 per share for this interest, valuing it at around £437 million. On Friday, Tod's shares were up 18% at the closing value.

Might Rishi Sunak be right?Has the economy finally turned a corner? The Prime Minister, on a visit to a bus depot in Harrogate yesterday, admitted that although recent years have been undoubtedly difficult, he believes Britain has turned a corner and is heading in the right direction.

Following years in the doldrums when the brand lost its place and sales fell, the company is back to fashion. Eric Marechalle, the firm's founder, has been in charge of it since 2017, having changed from LVMH-owned Kenzo to LVMH-owned Kenzo. Marechalle has restructured the company by lowering costs and increasing runway collection. As a result, the company is flourishing once more, and Bernard Arnault, Europe's richest man, has turned around struggling brands under his LVMH umbrella, which is home to Christian Dior, Louis Vuitton, and Hennessy.

According to Billionaire Musk (pictured), the electric car maker will hold a shareholder referendum to rename the corporation's state of incorporation. Musk, 52, the company's chief executive, is reeling from the court's decision on Tuesday that voided his £44 billion compensation package.

Bernard Arnault, the French multinational conglomerate LVHM's CEO, is set to nominate Alexandre, 31, and Frédéric, 29, to the board of the company, establishing the firm's future is also firmly rooted in the fact that the family's next generation is responsible for it. The change is being scrutinized for signs pointing to who 74-year-old Bernard will ultimately select as his replacement, a competition that has also entangled two of his older children from his first marriage: Delphine, 48, and Antoine, 46. The addition of the brothers, sons of Bernard's second wife, Hélène Mercier, will help open up the succession race at LVHM, which sells luxury brands such as Louis Vuitton, Christian Dior, and Tiffany & Co. under its vast canopy. Although Delphine has long been known as Bernard's favorite, Alexandre and Frédéric have both demonstrated a high level of optimism, leading to some commentators' prediction that the battle for succession will be between these two brothers.

In 2022, S&P 500 firms spent over $65 million flying their executives around the world on private jets, up nearly 50% on pre-pandemic budgets, as critics slammed the excessive spending. Companies claim that the expense is justified for their CEOs' protection. According to Equilar, Meta had the highest investment, $6.6 million on Zuckerberg's personal flights. According to executive data company Equilar, the company behind Meta, the largest spending on private flights among casino and resorts companies in Las Vegas Sands was $3.2 million, and aerospace company Lockheed Martin was $2.1 million.

The retailer's share price dropped to a three-year low after it revealed that weaker demand for its expensive trench coats, bags, and scarves, which ultimately knocked £100 million off its profit forecast. As wealthy customers begin to experience the effects of higher inflation, luxury stores have struggled. It's a reversal in Burberry's fortunes as the super wealthy emerged from lockdowns splashing on clothes, handbags, shoes, and champagne.

The zeal of the displays is, however, at variance with the stock's downbeat sentiment. In the midst of rising costs of living, the post-pandemic urge to splash money on expensive bags, clothes, jewellery, and spirits has sluggish. Some of the wealthy are getting less money while still investing more. Anne Ashworth loves glamorous accessories, but I also want my portfolio to appreciate like a high-end brandy.

According to latest reports, newly minted billionaires made more money by inheritance than entrepreneurship last year. According to a recent survey by Swiss bank UBS, which is favored by the ultra-wealthy, more than 137 people have achieved billionaire status globally in the 12 months to April. They have a total wealth of $291.5 billion. Of this $300.8 billion was divided among 53 heirs, while 83 new'self-made' billionaires created $140.7 billion.

Fears are growing that a key member of K-pop's largest girl group is being blacklisted in China for a raunchy appearance in Paris. Lisa, the BLACKPINK singer and real name Lalisa Manobal, has had her account suspended on China's top social media site Weibo. The suspension came as a result of increasing backlash in Asia against Lisa for staging a burlesque performance at the famed Parisian cabaret venue Crazy Horse.

Being on the right designer's front row affords them global recognition, rather than having to learn a line. It also gilds their reputation by aligning them with the world's most coveted luxury brands. Since few actors are able to take on new filming opportunities or promote existing films by the usual lineup of interviews and red carpet appearances, most actors have time to kill. What better way to keep yourself in the public eye than by jetting off to Milan or Paris Fashion Week on a lavish, all-expenses paid trip? The empty diaries on the A-list are good news for luxury brands, at least for those that can afford it. A celebrity-packed front row is a no-brainer, particularly in the social media age, where the starst are likely to go viral.

Arnault and Nikolai Sarkisov, a Russian billionaire, whose brother Sergey founded Reso-Garantia, one of Russia's largest insurance companies, are under scrutiny by the Paris public prosecutor's office. The inquiry was into their activities in Courchevel, an exclusive ski resort in the French Alps that was known as a playground for the ultra-rich, especially wealthy Russians prior to the Ukrainian Revolution.

According to Paris authorities, French billionaire Bernard Arnault and Russian oligarch Nikolai Sarkisov are under scrutiny for suspected money laundering at a luxury Alpine resort. They're looking at their behavioural in Courchevel, a ski resort in the French Alps that is known for being a playground for the ultra wealthy, according to them late Thursday.