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Business Bernard Arnault

  • 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

  • PARIS, April 10- France's LVMH, which owns brands from Louis Vuitton to Moet& Chandon champagne, on Tuesday said thriving demand for its luxury products showed little sign of fading this year, in an upbeat assessment that drove a share rally across the sector. The group detailed on Tuesday that revenues in Asia, excluding Japan, increased 21 percent in the January to...

  • *Paris vying to become leading startup hub in Europe. The Louis Vuitton owner on Monday unveiled a Paris- based startup programme, which aims to support some 50 businesses a year by hosting them in a mega-campus where they can collaborate with its brands. Paris is among major European cities bidding to displace London's dominance in the startup scene as...

  • PARIS, March 26- LVMH's Louis Vuitton brand, the biggest revenue driver at the French luxury goods group, said on Monday it had hired Virgil Abloh, the founder of streetwear label Off-White, to design its menswear collections. Abloh takes over from Kim Jones, who was last week named as the new designer of menswear at Christian Dior, another LVMH label.

  • *Dior's Kris Van Assche to remain at LVMH in another role. PARIS, March 19- French fashion house Christian Dior said on Monday that Kim Jones, formerly of Louis Vuitton, would replace Kris Van Assche as its menswear designer, as parent LVMH seeks to revamp some of its biggest brands with new appointments. The overhaul at Dior coincides with reshuffles elsewhere at...

  • *Ex-Dior Homme, Serge Brunschwig to take helm of Fendi. PARIS, Feb 20- LVMH named Christian Dior executive Serge Brunschwig as the new head of its Italian fashion label Fendi on Tuesday, completing an internal reshuffle at the world's biggest luxury goods group aimed at giving fresh impetus to its biggest brands. Paris- based LVMH, whose labels range from Dom...

  • SHANGHAI/ HONG KONG, Jan 31- Guo Jiaxi is typical of a new generation in China that is driving a sharp revival in luxury spending: young, female and unafraid to spend. An accountant in eastern Suzhou, Guo, 24, likes Coach and Louis Vuitton, and has bought Acne Studios scarves, a Daniel Wellington watch and a Mont Blanc belt as gifts. Guo and her peer group are behind a...

  • PARIS, Jan 25- LVMH, the world's biggest luxury goods maker, said on Thursday it had made a favorable start to 2018 after a revival in Chinese demand boosted sales last year and spurred on some of its major brands like Louis Vuitton. "China has had a good comeback," Bernard Arnault, LVMH's billionaire chairman and chief executive, told a news conference, adding other...

  • 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.