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LVMH's Bernard Arnault overtakes Mark Zuckerberg to become 3rd-richest person after $30 billion wealth surge
China's stimulus plans have lit a fire under LVMH stock, boosting CEO Bernard Arnault's net worth from $177 billion to $207 billion in just five days.
Bernard Arnault leapfrogs Mark Zuckerberg on wealth rankings with $30 billion boost, but analysts warn it may be short lived
"'Quiet luxury' has supported average selling price at the expense of volumes," Bank of America analysts wrote. "The industry needs to pivot back to creativity."
New member of $200 billion club: Meta CEO Mark Zuckerberg becomes 4th richest person in the world
Zuckerberg is now positioned just behind Amazon founder Jeff Bezos ($211 billion), LVMH Chairman Bernard Arnault ($207 billion), and Tesla's Elon Musk, who holds the title of the world’s richest perso
Mark Zuckerberg is so rich now that only three other people in the world are richer than him: Story in 5 points
Mark Zuckerberg's net worth has soared to $201 billion which has increased six times in less than two years. He is now the fourth-richest man in the world.
27m
LVMH takes 4 floors at 590 Madison Avenue
Luxury brand conglomerate Louis Vuitton Moet Hennessy, or LVMH, leased four floors of 590 Madison Avenue at East 57th Street.
sgbonline
7m
Off-White Brand Acquired by Bluestar Alliance Acquires from LVMH
LVMH announces that it has sold Off-White LLC, which owns the Off-White brand, to Bluestar Alliance, LLC, a New York-based ...
2h
Live news: LVMH sells Off-White luxury label to owner of surfwear brand Hurley
French luxury group LVMH has sold the pioneering streetwear brand Off-White, founded by the late designer Virgil Abloh, to a New York-based brand management company.
2d
LVMH deal spurs rally in Moncler, speculation about luxury sector M&A
Shares in Moncler rose sharply on Friday after French rival LVMH invested in the Italian outerwear specialist, fuelling ...
6d
on MSN
LVMH’s Head of Selective Retailing Is Set to Leave Luxury Group
The head of LVMH’s business unit that operates the Sephora beauty chain and Parisian department stores is set to leave the ...
3d
on MSN
LVMH Invests in Moncler Through Deal With CEO Ruffini
French luxury heavyweight LVMH is investing in Moncler in a transaction that gives LVMH a seat on the board of the Italian ...
6d
LVMH’s Bernard Arnault faces backlash over memo banning staff contact with select media outlets
LVMH chief executive Bernard Arnault has faced criticism from French media organisations — including some he controls — over ...
3d
LVMH Invests in Luxury Outdoor Brand Moncler
LVMH is investing in designer outerwear label Moncler SpA in a deal that will give the French luxury conglomerate a seat on ...
1d
LVMH And Hermes International, Luxury Alpha
Discover why luxury companies like LVMH and Hermès are solid investments worth considering for long-term growth in your ...
3d
LVMH Expands Industry Influence With Investment in Moncler
LVMH is investing in Moncler in a transaction that gives the luxury heavyweight a seat on the board of the Italian fashion ...
3d
Hermès boss doesn’t like the company being compared to archrival LVMH, which once tried to buy the Birkin bag maker
Hermès has sparred with LVMH before. Fending off the Arnault-owned luxury giant’s takeover attempt eventually led Hermès to ...
5h
How a micro miniskirt helped Prada buck the luxury slump
Thanks to coveted designs from Miu Miu and a company-wide turnaround strategy, Prada is one of the few luxury success stories ...
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