By Bloomberg Published Dec 29, 2023 Francoise Bettencourt Meyers became the first woman to amass a $100 billion fortune, marking another milestone for the heiress and for France’s expanding fashion and cosmetics industries. AFP / Archives Her wealth jumped to $100.2 billion on Thursday (28 December), according to the Bloomberg Billionaires Index. The milestone came … Read more
By Bloomberg Published Dec 21, 2023 Mike Ashley began to look like he was emulating LVMH founder Bernard Arnault when he elevated a scion of his sportwear empire to a senior role. Now, by buying luxury online retailer Matches, he’s aiming to be Britain’s own bling king. Mike Ashley Ashley, who founded British retail conglomerate Frasers Group Plc and … Read more
Translated by Nicola Mira Published Dec 22, 2023 The heralded departure of Matthew M. Williams, who has been in charge of style at Givenchy since 2020, has fuelled a fresh spate of wild rumours about his succession. And about the creative director positions at other LVMH labels. Is a new round of musical chairs on … Read more
By Bloomberg Published Dec 20, 2023 Battle lines are hardening in Switzerland’s Valais canton between an aging billionaire heir to Europe’s biggest family fortune and his own charitable foundation. See catwalkHermès – Spring-Summer2024 – Womenswear – Paris – © Launchmetrics Nicolas Puech, a reclusive fifth-generation descendant of the founder of French luxury giant Hermes International … Read more
By Bloomberg Published Dec 9, 2023 On a chilly October day in Paris in 2010, Bertrand Puech got an unexpected call on his cellphone from Bernard Arnault, the founder of luxury giant LVMH Moët Hennessy Louis Vuitton SE and one of the world’s richest men. Arnault told Puech, the family patriarch at rival Hermès, that his … Read more
Luxury’s greatest shopaholic, Bernard Arnault, has bought himself another trophy building, located on his favorite strip – Les Champs Elysées. Bernard Arnault – LVMH The French multi-billionaire snapped up 150 avenue Champs Elysées, an 18,000 square-meter building, which sources indicate set Arnault back close to one billion euros. Meaning a whopping €55,000 per square-meter. According to … Read more
Luxury and fashion giant LVMH on Tuesday announced a major accord with United Arab Emirates mall developers at COP28 in Dubai, designed to reduce water use and boost waste management. The signing of the accord – LVMH In a related move, LVMH also unveiled a fresh Amazon sustainability project targeting biodiversity projects in Brazil, and … Read more
Translated by Roberta HERRERA Published Dec 2, 2023 A descendant of the founder of Hermès, the renowned French leather goods house, intends to adopt a domestic employee to bequeath a portion of his wealth worth several billion Swiss francs, as reported by Tribune de Genève on Friday. The Hermès store in Chicago – Hermès Residing … Read more
