The 28-Year-Old LVMH Heir Turning TAG Heuer Into a Billion-Dollar Brand:
wsj.com/articles/the-young-lvmh-heir-turning-tag-heuer-into-a-billion-dollar-brand-f18fa5e6
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| Last Updated | Dec 29 23 |
| Total Articles | 3 |
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Dollar General: Cost Management And Same-Store Sales Growth Key To Recovery: Based on a DDM, Dollar General doesn't seem to offer a good return at current prices ...
seekingalpha.com/article/4686057-dollar-general-cost-management-and-same-store-sales-growth-key-to-recovery
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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
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
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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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
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.
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.
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/
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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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
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.
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
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
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/
LVMH says champagne sales are down because people aren't partying like they used to
qz.com/lvmh-earnings-champagne-1851415890
Paid articlePaid Must Read: LVMH Revenue Grows 3% in Q1, The Folklore Unveils New Platform and Membership Expansion
fashionista.com/2024/04/lvmh-earnings-2024-q1
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/
Walmart Rolls Out Major Changes For In-Person Customers. See What Stores Are Impacted
time.com/6968997/walmart-stores-self-checkout-cuts/
Must Read: Balmain Names New CEO, CFDA Fashion Awards Return to Natural History Museum
ow.ly/P6RF105pFUn
Dollar General Just Announced a Major Grocery Change That Will Positively Impact Shoppers
thekitchn.com/dollar-general-and-revol-greens-collaboration-23653163
Target's new self-checkout tech will warn you if you forgot to scan something: The retail giant is already limiting the number of items customers can scan on ...
qz.com/target-self-checkout-theft-technology-circle-week-1851397627
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
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/
Dollar stores are shutting down across America. They did this to themselves: These are tough times for two big US dollar store chains. In the past month ...
cnn.com/2024/04/11/business/family-dollar-99-cents-only-closing/
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/
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/
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/
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
Paid articlePaid Dollar General’s $1 Glass Cups Are So Stunning, You’ll Want 4 (Perfect for Spring!)
thekitchn.com/dollar-general-ribbed-glass-drinking-glasses-23654858
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
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/
Paid articlePaid 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/
We Compared Prices for a Dozen Items at Aldi Versus Dollar Tree — And One Is Clearly Cheaper
thekitchn.com/is-aldi-cheaper-than-dollar-tree-23653729
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
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/
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
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
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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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/
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/
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
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
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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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
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
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 ...
on.wsj.com/3TYwfRm
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
Dollar stores are shutting down across America. They did this to themselves: These are tough times for two big dollar store chains. In the past month ...
stltoday.com/news/nation-world/business/dollar-stores-are-shutting-down-across-america-they-did-this-to-themselves/article_0994d742-4f4d-5781-a743-0783620c90a4.html
These are the major US retailers that accept Apple Pay: Learn what primary retailers support Apple Pay in the United States by reading this guide.
androidpolice.com/major-us-retailers-accept-apple-pay/
Popular discount retailer shuts down all stores, liquidating: While it has not technically filed for Chapter 11 or Chapter 7 bankruptcy, the company will be ...
charlotteobserver.com/news/business/article287461685.html
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/
Pennies From Heaven: Dollar Tree, Dollar General Boosted by 99 Cents Bankruptcy: Dollar Tree could be the biggest beneficiary as 99 Cents Only Stores closes ...
barrons.com/articles/dollar-tree-stock-dollar-general-99-cents-2034cb1b
Paid articlePaid 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/
Wall Street Breakfast Podcast: Samsung Reportedly Secures $6B Grant For U.S. Chip Expansion
seekingalpha.com/article/4682855-wall-street-breakfast-podcast-samsung-reportedly-secures-6b-grant-for-us-chip-expansion
Dollar Tree's plan for $7 items is making shoppers angry: Dollar Tree's plan to add items up to $7 is pushing customers to other retailers, such as Walmart.
businessinsider.com/dollar-tree-shoppers-angry-dollar-store-raises-prices-2024-4
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.
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
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/
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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Are all 99 cent stores closing? A look at the Family Dollar, 99 Cents Only Stores closures
usatoday.com/story/money/2024/04/06/why-are-99-cent-stores-closing/73220304007/
99 Cents Only to close all 371 stores and wind down its business: The City of Commerce deep-discount retailer, for years one of the few true "dollar" stores ...
latimes.com/business/story/2024-04-04/99-cents-only-closes-stores
Quick Glance: 99 Cents Only to Close All 371 Stores and Cease Longstanding Business
- After more than four decades, 99 Cents Only will close all 371 of its stores and cease its business operations.
- The decision was made due to various challenges, including the COVID-19 pandemic, shifting consumer demand, inflationary pressures, and increasing levels of shrinkage.
- The closure of 99 Cents Only reflects a broader weakness in the dollar-store category, with other major retailers also announcing store closures.
- Established in 1982 in Los Angeles, 99 Cents Only was a trailblazer in single-price retail and faced pressure from rising wages and competition from larger chains.
Dollar Tree to raise prices again in 2024: Shoppers at Dollar Tree could soon end up with sticker shock.
wvnstv.com/news/business/dollar-tree-inc-to-raise-prices-again-in-2024/
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
"Food deserts" in the USA: where there is more Pepsi than paprika: In poorer rural regions of the USA, there is often a lack of fresh and healthy food ...
rnd.de/wirtschaft/food-deserts-in-den-usa-wo-es-mehr-pepsi-als-paprika-gibt-N57HIHFL3RHE5BVONZRWDUC3U4.html
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/
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
Paid articlePaid
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
Paid articlePaid Temu Is Threatening Even More Products. This Is the Risk to Brands.
barrons.com/articles/temu-brands-dupes-stocks-f3c0dca3
Paid articlePaid
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/
Your favorite retail store may be closed on Easter Sunday. Here's what's open March 31
courier-journal.com/story/money/2024/03/30/easter-2024-shopping-whats-open-and-closed-where-can-i-shop-sunday-march-31/73154217007/
Quick Glance: Why Christians Wake Up Before Sunrise to Celebrate Easter
- On Easter morning, many Christians gather before dawn to celebrate the resurrection of Jesus, the son of God, as the sun rises. March 31 marks Easter Sunday this year for the majority of Christians worldwide and the tradition of sunrise services.
- Easter celebrations are not fixed to a specific date, but move between March 22 and April 25 based on a lunar calendar calculation. The biblical symbolism of the Easter worship of the early risers is rooted in the New Testament Gospels.
- It is unclear if the Moravian Church was the first to hold Easter sunrise services, but their annual tradition dates back to 1732. Moravians are known for their brass and wind instrument trombone choirs that accompany the Easter services.
- In addition to the traditional liturgies, the Easter sunrise service includes a silent procession to the Salem Moravian Graveyard, also known as 'God's Acre,' ending among the graves of past generations. Other Easter service traditions include Easter vigils and services in various styles at different locations.
Dollar stores' slowdowns are challenging ideas about their resilience: Dollar General and Dollar Tree were supposed to do well in good times and bad ...
businessinsider.com/dollar-stores-slowdowns-because-of-economy-inflation-store-issues-2024-4
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.
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
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
Costco, Lowe’s, Five Below, Dollar Tree downgraded due to ‘extreme’ valuations: Group of retailers currently appears to be ‘priced for perfection ...
marketwatch.com/story/costco-lowes-five-below-dollar-tree-downgraded-due-to-extreme-valuations-4ddb3541
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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