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 ...
Shares of LVMH drop 5% as full-year results throw doubt on broad luxury recovery
LVMH shares dropped as slightly better-than-expected full-year results from the world’s largest luxury company threw doubt over a broader sector recovery.
Reuters18d
LVMH touts good start to 2025 but Q4 results underwhelm
PARIS, Jan 28 (Reuters) - LVMH (LVMH.PA), opens new tab has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter ...
Reuters17d
LVMH shares set for biggest drop in over a year on fading recovery hopes
PARIS, Jan 29 (Reuters) - Shares in LVMH (LVMH.PA), opens new tab were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed ...
The New York Times26d
Paris Olympics Medals Are Tarnishing, Putting LVMH in the Spotlight
And LVMH has been happy to let the other organizations ... the door through D.E.I. programs at big retailers like Target and Amazon. Now amid a sudden pullback, they worry the door might be ...