Concerns over coronavirus have roiled markets and torched hundreds of billions in paper wealth from the world's billionaires over the past month. But last night's declines could be the largest overnight wealth loss in nearly a decade.
PARIS, Jan 28- Sales growth at luxury goods group LVMH slowed slightly in the fourth quarter, pushed down in part by a sharp drop in revenue in Hong Kong where months of violent protests have scared away many high-end shoppers. The company, which owns labels including Louis Vuitton and Christian Dior, said the new coronavirus outbreak this month forced it to...
The total wealth of the richest 22 men in the world, equals the total wealth of all women in Africa, says the global non-profit organization Oxfam International in its report published Sunday.
"You can try to spend it on yourself," but that's an almost impossible goal, Gates said.
*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...
French President Emmanuel Macron vowed to rebuild the Notre Dame cathedral following a devastating fire, and companies pledged millions in donations to the efforts.
French companies including L'Oreal LVMH and Kering have pledged millions of euros to help rebuild Notre Dame Cathedral in Paris.
While data points to an economic slowdown in China, results from the likes of Louis Vuitton parent LVMH show a different picture.
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.
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 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 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
CNBC's Arjun Kharpal reports from the VivaTech conference in Paris, France, with comments from LVMH CEO Bernard Arnault on global stock prices.
LVMH plans to buy out minority shareholders in Christian Dior, a transaction aimed at boosting LVMH's earnings.
LVMH CEO Bernard Arnault warns of impending doom on luxury retail for 2017. CNBC's Courtney Reagan reports.
The gains in Fiat Chrysler, Alibaba and LVMH contrast with the declines in other stocks after negative comments from Donald Trump.
French luxury group LVMH has agreed to buy an 80 percent stake in German high-tech luggage maker Rimowa for $716 million.
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.
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.