Moët Hennessy 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...

People

Alain Chevalier, co-founder of LVMH, dies aged 87

Alain Chevalier, one of the founders of French luxury giant LVMH, passed away at his home in Megève, France, on Thursday, aged 87. The news was reported by French newspaper le Figaro. A statement released on Sunday by the Élysée Palace, the official residence of French president Emmanuel Macron, said: “He has put his intelligence and talent in...