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CEO Initiative
Angelina Rascouet
Retail
Rolex downturn? LVMH’s ‘smaller’ Swiss watch brand grapples with Rolex over $150 million Formula 1 sponsorship deal
BY
Andy Hoffman
,
Angelina Rascouet
, and others
Retail
LVMH billionaire Bernard Arnault enters race to acquire Venice’s iconic Hotel Bauer—with bids rising over €275 million
BY
Laura Benitez
,
Angelina Rascouet
, and others
Finance
CEO of cosmetics giant L’Oreal announces slower growth as Chinese market flatlines
BY
Angelina Rascouet
,
Michael Msika
, and others
Retail
Burberry follows Gucci-owner Kering on downward sales trend as consumers snub mid-priced luxury fashion
BY
Angelina Rascouet
and
Bloomberg
Retail
Hermes emerges as the outlier with strong China sales, while the rest of luxury bleeds from the lack of shoppers
BY
Angelina Rascouet
and
Bloomberg
Retail
Gucci owner Kering struggles to revive the luxury fashion house, shares slip after it issued its second profit warning for 2024—and this time, it’s pretty bad
BY
Angelina Rascouet
and
Bloomberg
Retail
Gucci owner Kering splurges $1.4 billion on new Milan store, making it Italy’s most expensive building
BY
Angelina Rascouet
,
Antonio Vanuzzo
, and others
Retail
LVMH’s Belloni signs off after 23 years as second-in-command, amidst the luxury group’s reshuffle and longstanding succession suspense
BY
Angelina Rascouet
and
Bloomberg
Success
French ‘Succession’ intrigue deepens as source says Bernard Arnault plans to nominate 2 more millennial sons to LVMH board
BY
Angelina Rascouet
and
Bloomberg
Leadership
LVMH family succession drama heats up as Bernard Arnault’s eldest son Antoine steps down as CEO of Berluti
BY
Angelina Rascouet
and
Bloomberg
Politics
Rich yanks cancel Paris trip plans amid ‘worry that many people abroad are not just anti-Jewish but also anti-American’
BY
Angelina Rascouet
and
Bloomberg
Lifestyle
Champagne producers helped by ‘revenge pleasure’ after the pandemic are now being hurt by ‘a lot of inflation’
BY
Angelina Rascouet
and
Bloomberg
Luxury fashion house Balmain—which counts Beyoncé as a fan—just had more than 50 pieces stolen in a delivery truck hijacking
BY
Angelina Rascouet
and
Bloomberg
Bernard Arnault spent $230 million on LVMH shares after disappointing earnings hit stock
BY
Angelina Rascouet
,
Valentine Baldassari
, and others
Finance
Bernard Arnault’s LVMH will pay $166m to sponsor the 2024 Summer Olympics in Paris—and provide Chaumet medals and Moet Hennessy wine
BY
Angelina Rascouet
,
Albertina Torsoli
, and others
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