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LVMH’s CEO Bernard Arnault Does Not Deny DFS Sale
LVMH’s CEO Bernard Arnault Does Not Deny DFS Sale As Stock Slides
French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.
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.
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."
3d
on MSN
LVMH's Arnault family faces off-pitch challenges at new Paris soccer club
French billionaire Bernard Arnault's family is struggling to secure a deal on a much-needed new stadium for its recently ...
13d
on MSN
LVMH's Bernard Arnault ousts Larry Ellison as the world's 4th-richest person after gaining $15 billion in one day
Bernard Arnault is outpacing Elon Musk and Mark Zuckerberg in wealth gain this year after signs of a rebound in luxury demand ...
2d
LVMH profits fall 17% but Arnault promises 'wind of optimism' in US
The luxury goods group headed by Bernard Arnault ends its 2024 financial year with sales of €84.7 billion, down 2% on 2023.
2d
on MSN
LVMH touts good start to 2025 but Q4 results underwhelm
LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise ...
1d
on MSN
Louis Vuitton Owner’s Sales Beat Forecasts Despite Weak Growth
The core fashion and leather goods business—which houses Louis Vuitton and Dior—recorded revenue of €11.14 billion for the ...
Cosmetics Business
1d
Sephora and fragrance bolstered LVMH sales in 2024
Consistent sales of Sauvage, alongside Rihanna becoming the new face of J’adore, also supported the brand owner’s performance ...
1d
LVMH’s subdued sales temper hopes for a rapid luxury sector rebound
Profit at LVMH disappointed, even as the company lowered its overall marketing costs by 5% last year. Recurring operating ...
1d
LVMH Generated $88 Billion in Revenue in 2024, Slightly Above Expectations
LVMH ended 2024 on a high note. The luxury conglomerate reported better-than-expected full-year sales on Tuesday, generating ...
2d
LVMH numbers fail to impress, shares fall
Shares in LVMH came under pressure on Wednesday, after end-of-year results from the luxury goods bellwether failed to sparkle ...
1d
on MSN
Bernard Arnault, world's richest non-American, drops absurd new term for tech layoffs
Bernard Arnault, in an LVMH earnings call, used a bizarre new term for tech layoffs when referencing a conversation with Meta ...
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