Business News Bernard Arnault

  • LONDON/ PARIS, Nov 25- Tiffany was codenamed "Tea" and LVMH was "Latte" in the whirlwind talks that led to the U.S. jeweller being taken over by the French luxury group for more than $16 billion, in a homage to famed film "Breakfast at Tiffany's". On Oct. 15, LVMH executives had flown to New York, seeking to negotiate an agreement before Tiffany reported its next results in...

  • *$135 per share cash offer backed by Tiffany board. PARIS, Nov 25- Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet, as the French luxury goods maker bets it can restore the U.S. jeweller's lustre by investing in stores and new collections. It will have challenges to overcome too, as spending patterns shift and...

  • PARIS, Nov 25- Acquiring Tiffany will lift LVMH's operating profits by 500 million to 600 million euros in the first 12 months, the luxury goods group's Chairman and Chief Executive Bernard Arnault said on Monday. The $16.2 billion deal is expected to close mid next year, the companies said earlier. Arnault told Reuters that LVMH would finance the purchase with...

  • *$135 per share cash offer backed by Tiffany board. PARIS, Nov 25- Louis Vuitton owner LVMH has agreed to buy Tiffany for $16.2 billion in its biggest acquisition yet as the French luxury goods maker bets it can restore the iconic U.S. jeweller's lustre. The $135- per share cash deal will boost LVMH's smallest business, the jewellery and watch division that is already...

  • *$135 per share cash offer backed by Tiffany board. PARIS, Nov 25- Louis Vuitton owner LVMH has agreed to buy U.S. jeweler Tiffany for $16.2 billion in the luxury goods maker's biggest acquisition to date. Fashion and accessories brands including Christian Dior generate the bulk of earnings at LVMH, run by France's richest man, Bernard Arnault, though growth in...

  • PARIS, Nov 25- LVMH has agreed a $16.2 billion deal to buy U.S. jeweller Tiffany, Louis Vuitton's parent firm confirmed on Monday, in the luxury good maker's biggest purchase to date. Fashion and accessories brands including Christian Dior generate the bulk of the earnings at the conglomerate, which is run by France's richest man, Bernard Arnault.

  • PARIS, Nov 25- LVMH has agreed a $16.2 billion deal to buy U.S. jeweler Tiffany, Louis Vuitton's parent firm confirmed on Monday, in the luxury good maker's biggest purchase to date. Fashion and accessories brands including Christian Dior generate the bulk of the earnings at the conglomerate, which is run by France's richest man, Bernard Arnault.

  • *U.S. firm famous for engagement rings, Hollywood links. PARIS/ NEW YORK, Oct 28- LVMH has offered to buy Tiffany& Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewellery, one of the fastest-growing parts of the luxury goods market. Tiffany's shares surged as much as 31% to one-year highs at...

  • *U.S. firm famous for engagement rings, Hollywood links. PARIS/ NEW YORK, Oct 28- LVMH has offered to buy Tiffany& Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewelry, one of the fastest-growing parts of the luxury goods market. Tiffany's shares surged as much as 31% to one-year highs at...

  • *U.S. firm famous for engagement rings, Hollywood links. PARIS, Oct 28- LVMH has offered to buy Tiffany& Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewelry, one of the fastest-growing parts of the luxury goods market. Investors piled into the New York- listed stock on the news, sending...

  • *U.S. firm famous for engagement rings, Hollywood links. PARIS, Oct 28- LVMH has offered to buy Tiffany& Co, known for its engagement rings and ties to Hollywood glamour, as the owner of Louis Vuitton and Bulgari seeks to expand in jewelry, one of the fastest-growing parts of the luxury goods market. Confirming the move, Tiffany said the offer was worth $120 per share,...

  • PARIS, July 15- French luxury goods group LVMH on Monday announced a tie-up with Stella McCartney, just months after the British designer known for her animal-friendly ethics ended a long-term partnership the conglomerate's arch-rival Kering. LVMH, which owns fashion labels including Givenchy, Louis Vuitton and Christian Dior, gave no financial details,...

  • *Sotheby's was founded in London in 1744. PARIS/ BOSTON, June 17- Patrick Drahi, the billionaire behind telecoms and media group Altice, agreed on Monday to buy Sotheby's in a deal worth $3.7 billion, marking the storied art auction house's return to private ownership after 31 years. The acquisition will allow avid art collector Drahi to join rival French...

  • Scaffolding which was erected for the renovation of the landmark Notre-Dame Cathedral, remains in place a day after a devastating fire destroyed the roof and other areas of the Gothic cathedral in central Paris on April 16, 2019.

    French President Emmanuel Macron vowed to rebuild the Notre Dame cathedral following a devastating fire, and companies pledged millions in donations to the efforts.

  • Flames and smoke are seen billowing from the roof at Notre-Dame Cathedral in Paris on April 15, 2019.

    French companies including L'Oreal LVMH and Kering have pledged millions of euros to help rebuild Notre Dame Cathedral in Paris.

  • A man passes a Louis Vuitton store in Macau, China, on Friday, Dec. 10, 2010.

    While data points to an economic slowdown in China, results from the likes of Louis Vuitton parent LVMH show a different picture.

  • 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. 

  • 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'

  • 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