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LVMH, Bernard Arnault

Hosted on MSN · 9h

LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’

Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.

MarketWatch on MSN · 19h

Bernard Arnault slides down to world’s fifth-richest person after LVMH disappointment

Bernard Arnault lost a spot in the billionaire rankings after LVMH Moet Hennessy posted results that weren’t as strong as some luxury-goods rivals.

Business Insider on MSN · 15h

Bernard Arnault says laid-off Meta staff were 'promoted outwards' — and LVMH's Tiffany is doing the same

Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."

LVMH drags down luxury shares

Bloomberg on MSN · 17h

LVMH’s Subdued Sales Temper Hopes for a Rapid Luxury Rebound

LVMH’s sales of fashion and leather goods declined in the fourth quarter, casting doubt on the prospects for a quick recovery in luxury demand.

Reuters on MSN · 20h

LVMH drags down luxury shares as budding hopes fade

Shares in luxury conglomerate LVMH were down in early trade on Wednesday, after the company's end-of-year report disappointed investors hoping for stronger signs of rebound from the sector bellwether.

The Financial Times · 1d

LVMH sales growth raises hope for end to luxury downturn

LVMH defied expectations and increased sales in its most recent quarter thanks to a buoyant US economy and resilience in Europe, raising optimism that the worst of the downturn in the luxury goods market has passed.

10h

LVMH eyes US workshop expansion, but any shift will likely be limited

Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...

5h

LVMH Generated $88 Billion in Revenue in 2024, Slightly Above Expectations

LVMH earned $88.27 billion in revenue in 2024, a slightly better-than-expected figure that could be signaling a turnaround in ...

GlobalData on MSN16h

LVMH sees FY24 net profit slide amid economic headwinds

"LVMH sees FY24 net profit slide amid economic headwinds " was originally created and published by Retail Insight Network, a ...

17h

LVMH shares set for biggest drop in over a year on fading recovery hopes

Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales ...

12h

Inside LVMH Watch Week: Execs Sound Off on the Future

Over two days of schmoozing with executives employed by one of the most powerful groups in the industry, here are the ...

1d

LVMH Touts Good Start to 2025 but Q4 Results Underwhelm

PARIS (Reuters) - LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate ...

18h

Heard on the Street: LVMH Stock Price Drops on Luxury Reality Check

Demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell Wednesday in reaction to a ...

Greek City Times6h

Ten Greek CEOs Shaping Global Business

From steering global giants like JP Morgan Chase, Costco, Pfizer, and Louis Vuitton, to reshaping industries with figures ...

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