Business News Bernard Arnault

  • *Luxury sector gripped by China slowdown fears. PARIS, Oct 9- A standout performance by LVMH's fashion and handbags business boosted third-quarter sales growth at the luxury goods company, providing an encouraging sign for an industry gripped by fears of a slowdown in China. Concerns over a trade war between Beijing and Washington and a falling yuan has rattled...

  • Virgil Abloh in a campaign for Rimowa in October 2018

    Louis Vuitton, the 164-year-old French fashion house owned by the LVMH luxury conglomerate hired Abloh in March, with Louis Vuitton Chair and CEO Michael Burke praising his disruptive approach to fashion and popular culture. 

  • ZURICH, Sept 20- Jean-Claude Biver is dropping his operational responsibilities as the head of LVMH's watch division, he told Reuters over the phone on Thursday, confirming media reports. Biver declined to comment on a media report published in French magazine Challenges on Wednesday that he would be replaced by Stephane Bianchi, a former CEO of French...

  • PARIS, July 24- Louis Vuitton owner LVMH on Tuesday posted robust results for the first half of the year, adding to signs that demand for luxury goods has so far largely weathered a U.S-Chinese trade dispute. An escalating trade spat between Washington and Beijing has raised fears of a trickle-down effect on China's economy and on luxury purchases, though...

  • July 16- Warren Buffett has donated roughly $3.4 billion of Berkshire Hathaway Inc stock to five charities, the billionaire's largest contribution in his longstanding plan to give away his fortune. Buffett, 87, has since 2006 made more than $30.9 billion in donations to the charities, including roughly $24.5 billion to the Gates Foundation.

  • Luggage company Rimowa partnered with street wear label Supreme in April 2018

    Companies spend millions of dollars on advertising to encourage people to buy their products. But a $1000-plus luggage range from 120-year-old German company Rimowa had people camping outside stores overnight — without a proper advertising campaign.

  • The official wedding family photo of the royal family from the wedding of Prince Harry and Duchess of Sussex, Meghan Markle.

    The wedding dress worn by Meghan, Duchess of Sussex, was made by Givenchy, part of luxury group LVMH. Its chair, Bernard Arnault, has called the gown 'absolutely marvelous'

  • PARIS, May 23- Louis Vuitton designer Nicolas Ghesquiere has signed a new contract, delivering a potential boost to luxury goods giant LVMH for which Louis Vuitton is a key source of profits. LVMH group head Bernard Arnault announced Ghesquiere's new contract in a statement on Wednesday. Last month, LVMH reported better-than-expected sales growth in the first...

  • Bernard Arnault, CEO of the luxury goods maker LVMH.

    Bernard Arnault is the world’s fourth richest person, with wealth estimated at $82 billion. He’s the CEO of French luxury group and family business LVMH, maintaining a fine balance between creativity and commerce

  • Bubble is building, warns LVMH CEO Arnault

    CNBC's Arjun Kharpal reports from the VivaTech conference in Paris, France, with comments from LVMH CEO Bernard Arnault on global stock prices.

  • 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 CEO issues luxury warning for 2017

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

  • 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.

  • Eva Air’s Rimowa amenity kits in Crytal Green and classic Prosecco colors

    French luxury group LVMH has agreed to buy an 80 percent stake in German high-tech luggage maker Rimowa for $716 million.

  • Hermes special order Horseshoe 30 cm (12 inches) shiny braise and ultra violet Nilo crocodile Brikin bag, Heritage Auctions,  Luxury Accessories Signature Auction.

    French rivals LVMH and Hermès are celebrating a truce and putting an end to takeover speculation. Hermès shareholders may not be so thrilled.

  • Combined a host of luxury brands into the LVMH conglomerate, along the way distilling a magic elixir of design, production, and above all marketing.

  • The grand opening Louis Vuitton shop in Hong Kong.

    Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Bernard Arnault, chief executive of parent LVMH.

  • French actor Gerard Depardieu

    The French actor, accused by French government leaders of being "pathetic" and unpatriotic in trying to dodge taxes by buying a house over the border in Belgium, has hit back at politicians.

  • A photo taken on December 10, 2012 shows a house in the Belgian village of Nechin near Estaimpuis allegedly bought by French actor Gerard Depardieu.

    Actor Gerard Depardieu's decision to establish residency in Belgium, which does not have a wealth tax, by buying a house just over the border with France, is "pathetic" and unpatriotic, French Prime Minister Jean-Marc Ayrault said on Wednesday.

  • PARIS, Oct 12- Paris prosecutors have launched a preliminary criminal investigation into the conditions surrounding luxury group LVMH's building of a stake in bag maker Hermes, the Paris prosecutor's office said on Friday.