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Business Bernard Arnault

  • *Website to go live on June 6. PARIS, May 10- LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world's biggest luxury goods group steps up the digital side of its business. LVMH, controlled by French billionaire Bernard Arnault, said the new site would go live on June 6 in more than 70...

  • PARIS, April 27- Hermes said sales growth accelerated in the first quarter, beating expectations, as more Asian and American shoppers bought its Constance and Lindy bags, adding to evidence of a recovery in the luxury goods industry. The French luxury goods group, also known for its $10,000 Birkin bags and $400 printed silk scarves, joined larger rivals LVMH and...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70- year-old fashion label worn by...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. "You've got all these positive factors in Europe's favor, but the problem is of course that we have had some political...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • A model walks the runway during the Christian Dior show at Paris Haute Couture Fashion Week at the Musée Rodin on July 7, 2014 in Paris, France.

    LVMH plans to buy out minority shareholders in Christian Dior, a transaction aimed at boosting LVMH's earnings.

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods group as part of a 12 billion euro move to simplify his business interests, a restructuring long demanded by other investors. That will unite the 70 year old fashion label worn by film...

  • *France's CAC pauses for breath. LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some political road bumps to contend with this year," Ken Odeluga,...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • PARIS, April 25- Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. "The corresponding transactions will allow the simplification of the structures, long requested by the...

  • PARIS, March 16- Givenchy named Clare Waight Keller as its new artistic director on Thursday, becoming the first woman at the creative helm of the French fashion house founded by Hubert de Givenchy in 1952.. Waight Keller takes over in May from star designer Ricardo Tisci, who left in January after 12 years in the role, and joins a growing list of British designers...

  • PARIS, March 9- Luxury goods group LVMH will set up a new digital platform to host all of its brands, sources close to the matter told Reuters, as the French company steps up efforts to capitalise on the sector's online sales boom. "This platform should boost the visibility of the various LVMH brands," one of the sources said, adding that the site would also promote other...

  • LVMH CEO issues luxury warning for 2017

    LVMH CEO Bernard Arnault warns of impending doom on luxury retail for 2017. CNBC's Courtney Reagan reports.

  • Could lose 340 mln euros in sales if LVMH takes eyewear in house. By Valentina Za and Claudia Cristoferi. MILAN, Jan 27- Italian eyewear group Safilo can make up for the potential loss of design-to-distribution deals with French luxury group LVMH with new licenses and by expanding its own brands, its chief executive said on Friday.

  • *CEO says cognac, Louis Vuitton stocks are low. PARIS, Jan 26- LVMH, the world's biggest luxury group, posted record revenue and profits for 2016 which beat expectations thanks to strong sales in the United States and Europe and a pick-up in demand in Asia. The group, whose key brands include Louis Vuitton, Dior, and Hennessy cognac, said 2016 profit from recurring...

  • Jack Ma (R), founder and executive chairman of Alibaba Group, and President-elect Donald Trump pose for the media after their meeting at Trump Tower January 9, 2017.

    The gains in Fiat Chrysler, Alibaba and LVMH contrast with the declines in other stocks after negative comments from Donald Trump.

  • President-elect Donald Trump continued holding meetings on Monday in New York as he prepared to take over the White House from Democrat Barack Obama on Jan. 20. *President and CEO Randy Falco. *Chief News, Entertainment& Digital Officer Isaac Lee.