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Louis Vuitton manager Ledru, Arnault son to lead Tiffany & Co
PARIS: A top executive at Louis Vuitton and one of Bernard Arnault’s sons are set to take over management of Tiffany & Co after the biggest acquisition in the luxury industry by LVMH.
A challenge of integrating Tiffany
NEW YORK: The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands.
LVMH, Tiffany agree on lower price in US$16bil takeover deal
PARIS: U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, ending a bitter legal dispute between the two, the companies said on Thursday.
Elon Musk loses record US$16.3b with wild wealth swings
ELON Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index, as the Tesla Inc. rout continued.
Arnault named TAG Heuer CEO
PARIS: LVMH has announced the appointment of Frédéric Arnault (pic) as CEO of TAG Heuer from July 1 onwards.
French billionaires raise stakes in defence of publisher Lagardere
PARIS:Â France's business elite closed ranks around publishing group Lagardere on Monday with LVMH's Bernard Arnault and Vivendi's Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.
LVMH, L’Oreal recovery in China fuels optimism for outlook
French consumer giants LVMH and L’Oreal SA said a recovery could start soon after the coronavirus caused sales to plunge in the first quarter, as revenue in China is already bouncing back.
LVMH sales growth slows ahead of looming Chinese virus impact
PARIS: LVMH’s sales growth slowed at the end of 2019 after protests sapped the Hong Kong market while luxury-goods makers face another threat from the viral outbreak in China.
Bizarre fortunes flourish as world’s richest gain US$1.2 trillion
LONDON (Bloomberg): The leveraging of a giant social-media presence, a catchy tune about a family of sharks and a burgeoning collection of junkyards are just a few of the curious ways that helped make 2019 a fertile year for fortunes to blossom around the world.
LVMH aims to restore Tiffany’s sparkle with US$16.2bil takeover
PARIS: Louis Vuitton owner LVMH has agreed to buy Tiffany for US$16.2bil in its biggest acquisition yet as the French luxury goods maker bets it can restore the iconic US jeweller’s lustre.
