LVMH’s Stephane Bianchi promoted in top management reshuffle

News on this topic

Mar 21

LVMH’s Antonio Belloni to step down from key management role: Italian who served as deputy to CEO Bernard Arnault will be succeeded by Stéphane Bianchi

ft.com/content/f437840c-a11d-4c4d-8c22-844281347865

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Mar 21

LVMH Shuffles Top Executives as Bernard Arnault Sharpens Succession Plan: LVMH executive Toni Belloni is handing over his responsibilities to Stéphane Bianchi as ...

wwd.com/business-news/human-resources/lvmh-executive-changes-bernard-arnault-succession-1236271650/

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Financial Times

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Mar 21

LVMH’s Antonio Belloni to step down from key management role: Italian who served as deputy to CEO Bernard Arnault will be succeeded by Stéphane Bianchi

ft.com/content/f437840c-a11d-4c4d-8c22-844281347865

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Mar 21

LVMH Shuffles Top Executives as Bernard Arnault Sharpens Succession Plan: LVMH executive Toni Belloni is handing over his responsibilities to Stéphane Bianchi as ...

wwd.com/business-news/human-resources/lvmh-executive-changes-bernard-arnault-succession-1236271650/

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Bloomberg

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21h

LVMH-Backed L Catterton Agrees to Buy Majority Stake in Kiko: Private equity fund L Catterton, which is backed by luxury giant LVMH Moet Hennessy Louis Vuitton ...

trib.al/3253Jnc

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Fashionista (website)

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Apr 23

Meet the 8 Finalists for the 2024 LVMH Prize: The winner will be chosen on Sept. 10.

fashionista.com/2024/04/lvmh-prize-finalists-2024

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Apr 16

LVMH’s Sales Fall Short Amid ‘Uncertain’ Environment for Luxury Goods: The company’s reported revenue fell 2% year-over-year.

on.barrons.com/3W344mY

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Apr 22

Who will lead the LVMH luxury empire?: Bernard Arnault sizes up his heirs apparent

economist.com/business/2024/04/18/who-will-lead-the-lvmh-luxury-empire

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Apr 18

LVMH's Arnault Has Hopes Xi Visit Will Smooth Paris-Beijing Trade Relations: Billionaire Bernard Arnault said he hopes a planned visit to France next month ...

bloomberg.com/news/articles/2024-04-18/arnault-says-he-hopes-tensions-with-china-on-luxury-quiet-down

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LVMH-backed firm buys into Italy's KIKO in $1.5 bln make-up deal

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Apr 24

Time for Kering’s king to consider a step back: Kering Chairman and CEO François-Henri Pinault was 42 when his father François, the self-made billionaire who’d ...

reuters.com/breakingviews/time-kerings-king-consider-step-back-2024-04-24/

Quick Glance: Time for Kering’s King to Consider a Step Back

Francois-Henri Pinault, Chairman and CEO of Kering, should consider bringing in fresh blood and possibly appointing a new CEO.

In any sector other than luxury, shareholders might have already stepped in to suggest a change at the helm, but at Kering, founding families tightly control the company.

The board of Kering should apply pressure on the chairman to at least give up the CEO role.

Pinault should step back into the chairman's job and leave a new Kering chief the independence they will need.

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Apr 20

Who will lead the LVMH luxury empire?: Bernard Arnault sizes up his heirs apparent

economist.com/business/2024/04/18/who-will-lead-the-lvmh-luxury-empire

Quick Glance: Bernard Arnault: The World's Richest Man

Bernard Arnault, CEO of LVMH, has brought all his five children into the business.

Arnault is the world's richest man with a net worth of $221 billion.

Two of his sons have joined the LVMH board, making four out of five of his children now on the board.

Arnault has introduced his children into the business and speculation arises about the future leadership of the company.

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11 21

Fashionista (website)

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Apr 17

. @LVMH revenue grows 3% in Q1.

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18h

Diamonds won’t be forever unless miners make them sparkle: The natural jewels have lost their old mystique because carbon crystals can be grown in labs

ft.com/content/76589ccf-c523-48d9-a82f-6b34a4a35724

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Apr 25

Hermes 1st quarter sales jump 17% on strong China demand: Birkin bag maker Hermes reported a 17% surge in first-quarter sales on Thursday ...

reuters.com/business/retail-consumer/hermes-q1-sales-jump-17-growth-across-regions-2024-04-25/

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Apr 25

Puig: Billionaire Owners of Jean Paul Gaultier and Rabanne Plan for IPO: The Puig family is taking its eponymous company public as the next generation won't ...

bloomberg.com/news/articles/2024-04-25/puig-billionaire-owners-of-jean-paul-gaultier-and-rabanne-plan-for-ipo

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Apr 16

LVMH's first quarter sales growth slips on luxury slowdown

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Apr 16

LVMH sales growth slows as luxury demand softens: Revenue rise of 2% at core fashion and leather goods division marks sharp drop from 18% increase a year earlier

ft.com/content/c0a294a1-04a3-4c1c-a010-d1d81e493604

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Apr 23

FTC sues to block $8.5bn deal between the makers of Michael Kors and Coach: Antitrust regulator takes aim at proposed Capri-Tapestry deal to create a US luxury ...

ft.com/content/d20de96f-0a01-4629-9d77-4ff83bb9ea9f

Quick Glance: Dispute Arises Over Fusion Between Tapestry Inc. and Capri Holdings

Legal actions have been taken by the FTC to block the proposed merger between Tapestry Inc. and Capri Holdings Limited.

Competition between the involved brands would be at risk with the merger, potentially granting Tapestry a dominant market share in the 'accessible luxury' handbag sector.

To halt the deal, the FTC is seeking a temporary restraining order and a preliminary injunction, with Tapestry and Capri planning to contest the decision in court.

Both companies stress that the merger has already been approved by regulators in the European Union and Japan, aiming to finalize the acquisition while battling the FTC lawsuit.

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Apr 12

Italian designer Cavalli passes away, company says: Italian fashion designer Roberto Cavalli has died, the company said in a post on Instagram.

reuters.com/world/europe/italian-designer-cavalli-passes-away-company-says-2024-04-12/

Quick Glance: Roberto Cavalli Passes Away at 83

Designer Roberto Cavalli has passed away in Florence at the age of 83, leaving a legacy in the fashion industry.

Establishing his own fashion brand in 1970, Cavalli revolutionized the industry with innovative printing techniques on leather.

His personal life reflected the glamour and extravagance of his fashion collections, attracting celebrities like Charlize Theron and Madonna.

A pioneer in inviting customers into his world, Cavalli expanded his empire with clubs, cafés, and even an autobiography.

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Apr 12

LVMH, L’Oreal Face China Pain: EMEA Earnings Week Ahead: Welcome back to the EMEA Earnings Week Ahead fixture, with luxury giant LVMH SE and Nordic ...

bloomberg.com/news/articles/2024-04-12/lvmh-l-oreal-face-china-pain-emea-earnings-week-ahead

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Apr 18

LVMH accounts for bigger share of French exports than agricultural sector: Luxury group’s goods worth €23.5bn heading abroad last year overtakes country’s entire ...

ft.com/content/b8e68d3c-94fc-4587-ad7a-2454f894b8f8

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Apr 23

LVMH Sold More Bags and Perfume in 2023 Than France Sold Wine: LVMH exported more luxury goods than France did wine in 2023. LVMH accounted for 4 percent of ...

robbreport.com/style/fashion/lvmh-exports-wine-cheese-1235591050/

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Apr 17

LVMH says champagne sales are down because people aren't partying like they used to

qz.com/lvmh-earnings-champagne-1851415890

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Fashionista (website)

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Apr 17

Must Read: LVMH Revenue Grows 3% in Q1, The Folklore Unveils New Platform and Membership Expansion

fashionista.com/2024/04/lvmh-earnings-2024-q1

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Apr 17

European shares flat with quarterly reports from ASML, LVMH in focus

reut.rs/4aHDPH1

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CNA 23h

Handbags and China demand boost sales at Hermes: Maker of Birkin bags beats expectations with strong demand for leather goods and jewellery as it defies luxury ...

cnaluxury.channelnewsasia.com/obsessions/handbags-and-china-demand-boost-sales-hermes-244561

1 similar article

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Fashionista (website)

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Apr 16

Must Read: Balmain Names New CEO, CFDA Fashion Awards Return to Natural History Museum

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Apr 24

LVMH Prize Finalists 2024: Meet Duran Lantink, Standing Ground & More: This year’s finalists were selected by a panel of jurors including Marc Jacobs ...

wmagazine.com/fashion/lvmh-prize-finalists-2024

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Apr 21

LVMH Announces Sports-Themed Exhibitions For The Paris 2024 Olympics: Luxury brands are participating in throwing experiential events featuring rare fashion ...

essence.com/fashion/lvmh-sports-themed-exhibitions-paris-2024-olympics/

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WWD

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Apr 11

EXCLUSIVE: Louis Vuitton Taps Advertising Executive to Lead Image, Communication: Louis Vuitton has recruited Blake Harrop from advertising agency Wieden + ...

wwd.com/fashion-news/designer-luxury/louis-vuitton-image-communication-director-1236308163/

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WWD

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Apr 24

Celine Eyes Polo Ralph Lauren Designer: Sources: According to market sources, Michael Rider of Ralph Lauren is the frontrunner to take over the design reins at ...

wwd.com/fashion-news/designer-luxury/celine-new-next-designer-ralph-hedi-1236333704/

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WWD

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Apr 15

A Basquiat x Warhol Painting and a Virgil Abloh-designed Trunk Are Among the Special Items LVMH Is Showcasing for the Paris 2024 Olympics

wwd.com/fashion-news/fashion-scoops/lvmh-sports-exhibitions-paris-2024-olympics-1236314374/

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Luzerner Zeitung

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Apr 25

Is LVMH buying Bernard Arnault's Gantenbein winery?: Rumors abound, even the supposed buyer is already known: Will the Grisons Gantenbein winery actually be sold ...

luzernerzeitung.ch/leben/wein-wird-das-beruehmteste-weingut-der-schweiz-verkauft-ld.2610929

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19h

Luxury: The richest person gets $2.5 million richer every hour: Yachts with open-air cinemas, limousines with a starry sky: the super-rich have developed a crazy ...

zeit.de/wirtschaft/2024-04/milliardaere-luxusmarkt-forbes-liste-bernard-arnault

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Apr 22

Furious Watcher fans are blasting it as 'greedy' over paid subscription service: "did i just....get laid off as a watcher fan???"

mashable.com/article/watcher-subscription-service-reactions-steven-lim-ryan-bergara-shane-madej

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Apr 24

Kering's Gucci, the King of Comebacks, Has More Trouble Ahead: Kering’s flagship brand burned so bright for so long. Its shift from cutting-edge to classic ...

bloomberg.com/opinion/articles/2024-04-24/kering-s-gucci-the-king-of-comebacks-has-more-trouble-ahead

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Apr 24

Why Younger Workers Just Can't Get Ahead - Forbes India: In wealthy countries, the wage gap between older and younger workers is growing ...

forbesindia.com/article/kellogg-school-of-management/why-younger-workers-just-cant-get-ahead/92731/1

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Fortune (magazine)

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Apr 23

In a ‘Succession’-style move, even more of LVMH CEO Bernard Arnault’s kids are nabbing pivotal roles, while their Gen Z brother faces big test

fortune.com/2024/04/22/bernard-arnault-lmvh-ceo-billionaire-succession-louis-vuitton-watches-luxury-jean-arnault/

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WWD

Apr 22

Louis Vuitton’s Voyager Show Livestream Breaks Xiaohongshu Record: Louis Vuitton's resee streaming on Xiaohongshu of the pre-fall 2024 collection attracted ...

wwd.com/fashion-news/designer-luxury/louis-vuitton-break-xiaohongshu-livestreaming-record-1236332295/

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Hürriyet Daily News

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Apr 20

Giving a second life to fashion’s deadstocks: At the Nona Source showroom in northern Paris, designers pick through luxurious textiles with ornate names: curly ...

hurriyetdailynews.com/giving-a-second-life-to-fashions-deadstocks-192670

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WWD

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Apr 22

LVMH, CFDA Partner on Six-Episode Video Series During Earth Week: The LVMH, CFDA video series launches on LVMH and CFDA digital channels on April 23.

wwd.com/fashion-news/fashion-scoops/lvmh-cfda-six-episode-video-series-earth-week-1236322736/

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BÖRSE ONLINE

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Apr 17

After the sell-off: What's next for the DAX? Also in focus are the shares of Continental and LVMH

boerse-online.de/nachrichten/rohstoffe/nach-abverkauf-wie-geht-es-beim-dax-weiter-ausserdem-im-fokus-die-aktie-von-continental-und-lvmh-20355428.html

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DER AKTIONÄR

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Apr 16

DAX under pressure: Middle East situation, Beiersdorf, LVMH, Adidas, Covestro, Rheinmetall and Nordex in focus

deraktionaer.de/artikel/indizes/dax-unter-druck-nahost-lage-beiersdorf-lvmh-adidas-covestro-rheinmetall-und-nordex-im-fokus-20355290.html

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Apr 17

Weak Yen (JPY/USD) Helps Rich Chinese Tourists Drive Luxury Demand in Japan: LVMH’s first-quarter results brought reassuring signs that wealthy Chinese shoppers ...

bloomberg.com/news/articles/2024-04-17/rich-chinese-tourists-drive-luxury-demand-in-japan-on-weak-yen

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Apr 16

Hermes can surpass Vuitton as luxury’s biggest brand, analysts say: The Birkin bag maker’s sales are set to hit the ‘symbolic’ €20 billion level by 2027 ...

businesspost.ie/article/hermes-can-surpass-vuitton-as-luxurys-biggest-brand-analysts-say/

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WWD

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Apr 18

Tokyo Exhibition Highlights LVMH Japan’s Diversity Efforts: The exhibition of portraits of creatives and LVMH executives is part of a broader initiative in honor ...

wwd.com/business-news/media/super-lvmh-art-de-vivre-tokyo-exhibition-leslie-kee-1236320267/

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DER AKTIONÄR

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Apr 18

Morning markets: Bitcoin, United Airlines, AMD, Sartorius, Adidas, Puma, ASML, LVMH, SMA Solar

15:34

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DER AKTIONÄR

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Apr 18

DAX & Co: Sartorius, Netflix, Siemens Healthineers, LVMH, Aixtron and Rheinmetall in focus

deraktionaer.de/artikel/indizes/dax-co-sartorius-netflix-siemens-healthineers-lvmh-aixtron-und-rheinmetall-im-fokus-20355514.html

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Apr 18

This billionaire owns the world's most expensive and luxurious private jet worth over Rs 4000 Crore; and it’s not Elon Musk, Bernard Arnault or Mukesh Ambani

gqindia.com/content/this-billionaire-owns-the-worlds-most-expensive-and-luxurious-private-jet-worth-over-rs-4000-crore-and-its-not-elon-musk-bernard-arnault-or-mukesh-ambani

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Die Presse

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Apr 18

Change of leadership in the luxury segment?: The industry suffers from low sales. Hermés still shows potential to overtake LVMH flagship Louis Vuitton.

diepresse.com/18378466/fuehrungswechsel-im-luxussegment

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Apr 18

The luxury sector is gearing up for a new earnings season: Here’s what to expect

english.elpais.com/economy-and-business/2024-04-17/the-luxury-sector-is-gearing-up-for-a-new-earnings-season-heres-what-to-expect.html

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BÖRSE ONLINE

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Apr 17

When the correction comes: 3 excellent stocks that investors can pick up cheaply: Three top stocks for the crash: LVMH, Berkshire Hathaway and Rheinmetall as ...

boerse-online.de/nachrichten/zertifikate/wenn-die-korrektur-kommt-3-exzellente-aktien-die-anleger-guenstig-aufsammeln-koennen-20355354.html

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The Wall Street Journal

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Apr 16

LVMH’s Multibillion-Dollar Baby Comes to Brooklyn: French luxury house Dior showed its fall collection at the Brooklyn Museum in an ode to its long ...

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Apr 16

Markets in the morning: DAX slips into the red at the opening; Gold, Tesla, Apple, Deutsche Lufthansa, Commerzbank, Hensoldt, Leonardo, LVMH in focus

deraktionaer.de/artikel/aktien/maerkte-am-morgen-dax-rutscht-zur-eroeffnung-ins-minus-gold-tesla-apple-deutsche-lufthansa-commerzbank-hensoldt-leonardo-lvmh-im-fokus-20355304.html

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WWD

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Apr 12

2023 Top 100: Tightened Distribution, Innovation: LVMH’s Beauty Strategy Outmatches China Slowdowns

wwd.com/beauty-industry-news/beauty-features/lvmh-top-beauty-companies-1236308334/

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Reuters

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Apr 09

China uncertainty clouds outlook for luxury sector: Investors are bracing for a steep slowdown in luxury sales when luxury companies report their first quarter ...

reuters.com/business/retail-consumer/china-uncertainty-clouds-outlook-luxury-sector-2024-04-09/

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CNA Apr 03

Louis Vuitton boss Bernard Arnault tops 2024 Forbes Billionaires List, Taylor Swift makes debut

cnaluxury.channelnewsasia.com/people/billionaire-forbes-bernard-arnault-taylor-swift-244156

Quick Glance: Billionaires Profiting from AI 2024

The AI gold rush has led to a plethora of new billionaires in the sector, as surging values for both public and private companies with ties to AI have skyrocketed.

Over the past year, tech companies, both new and old, have seen massive share price increases, making the world's tech tycoons even richer and introducing over a dozen new AI billionaires into the Forbes World's Billionaires list.

Nvidia cofounder and CEO Jensen Huang serves as the poster child for this boom. However, other companies like Super Micro Computer, Advanced Micro Devices, and Cloudflare also benefited from the trend. Privately owned AI companies have also gained momentum, with AI-centric startups alone raising nearly $50 billion in funding last year.

Major tech giants like Microsoft, Amazon, and Alphabet have significantly contributed to financing private AI companies to compete in the AI race. However, it remains to be seen if and when the AI bubble will burst and funding could dry up.

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Mar 28

L Catterton Starts India Unit With Ex-Unilever Veteran Mehta: L Catterton, backed by French luxury group LVMH Moet Hennessy Louis Vuitton SE ...

bloomberg.com/news/articles/2024-03-28/l-catterton-starts-india-unit-with-ex-unilever-veteran-mehta

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Mar 27

Louis Vuitton makes custom trunks for Paris Games flames, medals: The Olympic and Paralympic flames will each travel in a custom-made Louis Vuitton trunk this ...

reuters.com/sports/louis-vuitton-makes-custom-trunks-paris-games-flames-medals-2024-03-27/

7 similar articles

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SeekingAlpha Apr 01

LVMH: Reality Check For The Epitome Of Luxury (Rating Downgrade): LVMH is well resilient to economic cycles due to customer loyalty, exclusivity ...

seekingalpha.com/article/4681407-lvmh-stock-reality-check-for-epitome-luxury-downgrade-hold

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Apr 06

Six tips for budding centibillionaires (No 1: come from a very wealthy family): The world’s richest people started near the top. Where does that leave the rest ...

theguardian.com/commentisfree/2024/apr/06/centibillionaire-wealthy-family-richest-fintech

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WWD

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Mar 22

With Pomp, Pageantry and a Nature-inspired Sword, Annie Leibovitz Becomes an Immortal

wwd.com/eye/people/annie-leibovitz-honor-france-louis-vuitton-1236271547/

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Apr 06

The $100 Billion Club: These 14 People Have 12-Figure Fortunes: Bill Gates was the first centibillionaire in 1999. Then there were none until 2020 when Jeff ...

forbes.com/sites/chasewithorn/2024/04/02/the-100-billion-club-these-14-people-have-12-figure-fortunes/

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Apr 08

Chanel Eyes NYC Fifth Avenue Tower That LVMH Is Also Targeting: Chanel Ltd. is in talks to purchase a building on Manhattan’s Fifth Avenue ...

bloomberg.com/news/articles/2024-04-08/chanel-eyes-nyc-fifth-avenue-tower-that-lvmh-is-also-targeting

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Frankfurter Allgemeine Zeitung

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Apr 08

Sought-after luxury real estate: Billions of dollars are not only flowing in Milan

faz.net/aktuell/wirtschaft/unternehmen/luxusimmobilien-nicht-nur-in-mailand-fliessen-milliarden-19634026.html

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WWD

Apr 09

LVMH’s Michael Burke, Tracee Ellis Ross and Pete Nordstrom Honored at Fashion Scholarship Fund Gala

wwd.com/business-news/markets/lvmh-michael-burke-tracee-ellis-ross-fashion-scholarship-fund-1236305784/

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Daily Maverick

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Apr 08

After the Bell: Who wants to be a billionaire? The true value of the super-rich: Just to refresh your disgust, the super-rich are richer than ever and their ...

dailymaverick.co.za/article/2024-04-08-after-the-bell-who-wants-to-be-a-billionaire-the-true-value-of-the-super-rich/

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Apr 04

Kering’s €1.3bn real estate bet is a pricey distraction: Buying property is not the smartest use of luxury cash flows

ft.com/content/abe821d6-9956-4f0f-a665-344154e9b287

Quick Glance: Kering buys Milan building for €1.3bn

Kering acquires building in Milan from Blackstone for €1.3bn.

Luxury fashion houses investing in flagship locations globally.

The investment is part of a long-term strategy.

Luxury groups competing for prime retail locations.

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Apr 04

How to become a billionaire: a 10-point plan: Instead of worrying about whether you will be able to retire, why not just become a billionaire instead? Here is a ...

inews.co.uk/inews-lifestyle/how-to-become-a-billionaire-a-10-point-plan-2989172

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T-Online Apr 04

Forbes list: Livia Voigt is the youngest billionaire in the world: She is just 19 years old and is therefore the youngest billionaire in the world: Livia Voigt ...

t-online.de/nachrichten/panorama/menschen-schicksale/id_100378036/forbes-liste-livia-voigt-ist-die-juengste-milliardaerin-der-welt.html

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armenpress.am Apr 02

Forbes published the list of the richest people in the world: YEREVAN, APRIL 2, ARMENPRESS. According to Forbes, Bernard Arnault, owner of the French company ...

armenpress.am/arm/news/1133843.html

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The Times

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Apr 02

Forbes rich list members get $2trn richer — as Taylor Swift joins: Bernard Arnault, Elon Musk, Jeff Bezos and Mark Zuckerberg lead the billionaires ...

thetimes.co.uk/article/forbes-rich-list-2024-taylor-swift-jbcd9h5zd

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Mar 28

LVMH-backed L Catterton to form consumer-focused JV in India with former HUL CEO: U.S. private equity firm L Catterton said on Thursday it will form a joint ...

reuters.com/business/retail-consumer/lvmh-backed-l-catterton-form-consumer-focused-jv-in-india-with-former-hul-ceo-2024-03-28/

1 similar article

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Bloomberg

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Mar 27

Citi Sells Investors LVMH Exposure With Rare Exchangeable Bond: Citigroup Global Markets Holdings Inc. offered convertible bond investors a chance to get ...

bloomberg.com/news/articles/2024-03-27/citi-sells-investors-lvmh-exposure-with-rare-exchangeable-bond

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Mar 30

Dividends of up to 7.27 percent in April: shares of BASF, Deutsche Telekom, LVMH and Co

boerse-online.de/nachrichten/aktien/dividenden-im-april-von-bis-zu-727-prozent-aktien-von-basf-deutsche-telekom-lvmh-und-co-20353651.html

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Mediapart

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Mar 28

All about winning: luxury goods firm LVMH backs France's top medal hopes at Paris Olympics

mediapart.fr/en/journal/france/280324/all-about-winning-luxury-goods-firm-lvmh-backs-frances-top-medal-hopes-paris-olympics

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Mar 22

Valentino’s Creative Director Piccioli Leaves Italian Label: Valentino, the Italian fashion house controlled by Qatar’s Mayhoola, said its creative director is ...

bloomberg.com/news/articles/2024-03-22/valentino-s-creative-director-piccioli-leaves-italian-label

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WWD

Mar 26

These Louis Vuitton Trunks Hold Precious Olympic Cargo: Linking its brand to key moments during the Olympic and Paralympic Games in Paris ...

wwd.com/fashion-news/designer-luxury/louis-vuitton-olympic-trunks-medals-paris-1236285942/

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Barron's

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Mar 26

Chinese Consumers Are Still Under Pressure. Why Barclays Says It’s Time to Buy LVMH Stock.

barrons.com/articles/lvmh-stock-china-buy-40c5a895

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Mar 26

DAX strong: Hornbach, Wacker Neuson, Porsche AG, SAP, LVMH, Rheinmetall, Siemens and Nordex in focus

deraktionaer.de/artikel/indizes/dax-stark-hornbach-wacker-neuson-porsche-ag-sap-lvmh-rheinmetall-siemens-und-nordex-im-fokus-20353764.html

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WWD

C

Mar 22

L Catterton Receives Green Light to Launch Tender Offer on Tod’s Stock: L Catterton's tender offer on Tod's stock will kick off on March 25 and run ...

wwd.com/business-news/mergers-acquisitions/l-catterton-receives-green-light-launch-tender-offer-tods-stock-1236272976/