News

Europe’s richest man Bernard Arnault slammed the EU for failing U.S. negotiations—but von der Leyen says countries are ‘lining up to work with us’
Bernard Arnault, Europe’s richest man and the CEO of luxury empire LVMH, is furious with how the European Union managed its ...
Bernard Arnault denies any 'structural crisis' at LVMH, despite 'challenging' economic climate
During the luxury group's general assembly on Thursday, LVMH's boss secured permission to hold the CEO position until the age ...
Mediapart2d
Why French billionaire Bernard Arnault has sided with Trump in tariff war
At the recent LVMH annual meeting in Paris, shareholders of the luxury goods group granted its 76-year-old billionaire boss ...
France’s richest man loses luxury crown as Trump charm offensive fails
Europe’s richest man has seen the value of his luxury empire slump behind arch rival Hermès after the trade war plunged his ...
Politico Europe4d
Hermès to open new French factory as rival LVMH threatens Trump-inspired US move
PARIS — Hermès said Tuesday it will open a new factory in France, hiring 260 artisans to staff a leather workshop in Normandy ...
Birkin maker Hermes becomes world's most valuable luxury stock as LVMH reports unexpected slip in first-quarter sales
LVMH was once seen as possible suitor for Hermes. LVMH had shocked the luxury world in 2010 when billionaire boss Bernard Arnault acquired a huge stake in Birkin handbag maker company.
Hermes bags top spot: French fashion giant overtakes rival LVMH to become world's largest luxury goods firm
Hermes, famed for its silk scarves as well as its handbags, secured top spot after shares in LVMH plunged following a worse ...