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LVMH, Bernard Arnault

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.

Forbes · 11h

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.

Business Insider on MSN · 1d

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 shares fall

Reuters · 1d

LVMH shares fall as sales growth fails to impress

Shares in LVMH fell in early Frankfurt trading on Wednesday, as sales growth posted by the luxury goods group failed to impress investors, following a string of strong results from rivals and recent price gains.

The Financial Times · 2d

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.

CNBC on MSN · 1d

Shares in luxury giant LVMH trade lower as sales growth disappoints

Luxury stocks trade lower after giant LVMH shows improvement in sales, but nevertheless left analysts underwhelmed.

Here's Why LVMH's Q4 Earnings Aren't As Bad As They Seem

LVMH’s Q4 earnings show mixed results but resilience in key segments. Learn why LVMHF stock is a buy, with strong long-term ...

21h

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 ...

1don MSN

LVMH Stock Drops as Results Raise Questions on Luxury Turnaround

Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signalled a turnaround for the sector ...

globalcosmeticsnews11h

LVMH FY2024: ‘unfavorable global economic environment’ contributes to 2 percent drop in sales

LVMH has announced its results for fiscal 2024. The French luxury conglomerate said that reported sales dipped 2 percent to ...

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 ...

5don MSN

Stocks to watch next week: ASML, Intel, LVMH, Shell and Glencore

The "Magnificent 7" are set to dominate earnings focus in the coming week, as five of these tech giants are due to report, ...

Top 10 world’s richest people and their education qualifications

Bernard Arnault, the mastermind behind the LVMH conglomerate, which includes luxury brands such as Louis Vuitton and Sephora, graduated with a Bachelor of Arts and Science degree from École ...

Reuters on MSN1d

LVMH mulls widening US footprint as CEO expresses France fatigue

Luxury giant LVMH is "seriously considering" bulking up its production capacities in the United States, CEO Bernard Arnault said on Tuesday, praising a "wind of optimism" in the country that ...

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