Bernard Arnault news and archive

LVMH feels strain of luxury slowdown as succession questions loom

Bernard Arnault, the 76-year-old titan behind LVMH, is facing one of the most serious reckonings of his tenure atop the world’s largest luxury group. Against a backdrop of falling demand in China, geopolitical trade friction in the US, and mounting internal complexity, LVMH has seen over 220 billion euros erased from its market value since its...

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Arnault slams France’s tax plans: ‘Encouragement to relocate’

Bernard Arnault, CEO of the world’s largest luxury firm LVMH, strongly criticised the French government during a hearing in the French Senate. In his argument, he stated that “it is very bad for the state to interfere in the management of private companies”. This statement came in response to President Emmanuel Macron’s recent call for economic...

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LVMH general meeting: Jonathan Anderson at Dior Men's and 2025 strategy focused on quality

Jonathan Anderson appointed for the Dior Men's collection, to be shown June 2025; quality rather than growth, at all costs; the desire to create a free trade area with the US; and the vote in favour of keeping Bernard Arnault at the helm until the age of 85: these were the four key announcements that emerged from the general meeting of the...

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LVMH to lift age limit, letting Arnault remain CEO until 85

LVMH will ask shareholders to raise the age limit for its CEO and chairman to 85, allowing its billionaire boss Bernard Arnault to remain longer at the helm of the French luxury goods group. Bernard, 76, created the group and has grown it into the world's largest in its sector, holding the position of both chief executive and chairman of the...

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LVMH latest CEO shuffle sees Frédéric Arnault helm Loro Piana

In its latest CEO shuffle, LVMH has promoted key executives to strengthen leadership at its largest brands. Damien Bertrand, CEO of Loro Piana, will become deputy CEO of Louis Vuitton, while Pierre-Emmanuel Angeloglou, a former L'Oréal executive, will take the same role at Christian Dior Couture. Frédéric Arnault, currently CEO of LVMH Watches,...

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Former French spy chief sentenced to four years in influence-peddling trial

A Paris court on Friday sentenced the former head of France's domestic intelligence agency to four years in prison, two of them suspended, on charges of using his security contacts for private gain including by obtaining confidential information for luxury giant LVMH. Bernard Squarcini, 69, known as "le Squale" (the shark), will appeal the...

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Business|Breaking

Stella McCartney takes back full control of her brand from LVMH

British fashion designer Stella McCartney has taken back full control of her eponymous fashion house. In a press release sent this Monday, January 27, 2025, Stella McCartney announced the repurchase of the minority stake held by luxury fashion house LVMH, “after more than five years of fruitful collaboration.” According to the statement sent out...

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French luxury mogul Arnault defiant at ex-spy chief trial

Paris - France's richest man, LVMH chief Bernard Arnault, testified Thursday in the influence-peddling trial of the former head of France's domestic intelligence agency, denying any knowledge of an alleged scheme to protect the luxury group. Bernard Squarcini, the former head of the DCRI security service (since renamed the DGSI), is one of 10...

Podcast

Podcast: The Success Story of Bernard Arnault, CEO of LVMH

In this episode of the 'Success Story' podcast, its hosts discuss the story of Bernard Arnault, the 75-year-old founder, chairman and CEO of the French luxury conglomerate LVMH. Arnault plays a pivotal role in the history of luxury fashion. The podcast explores how Arnault is transforming the luxury industry. The hosts discuss the highs and lows...

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French luxury titans see wealth decline

LVMH chief Bernard Arnault is no longer the world’s wealthiest man. As the luxury sector grapples with a China slowdown, three of France’s billionaires — Bernard Arnault, L’Oréal’s Francoise Bettencourt Meyers and Kering’s Francois Pinault — are seeing their fortunes dwindle as "restraint replaces indulgence," reports Bloomberg. Their combined...

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Bernard Arnault's L Catterton snaps up stake in Polène

The leather goods brand Polène is no longer part of the portfolio of Otium Capital, the investment company of Pierre-Édouard Stérin, the far-right billionaire. Following this withdrawal, and according to the media L'Informé, L Catterton, a private-equity firm backed by LVMH, has acquired a minority stake in Polène. On July 11, the French media...

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LVMH and SpaceX: Could Arnault and Musk seek a collaboration?

An unexpected relationship is said to have developed between two titans of global industry: Elon Musk and Bernard Arnault. In an interview with CNBC ahead of the opening ceremonies of the Paris Olympic Games, Bernard Arnault, chairman of luxury conglomerate LVMH, recounted the key points he discussed during his exchange with Elon Musk, CEO of...