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LVMH SUCCESSION PLANNING
LVMH shareholders on the edge as Bernard Arnault still won't say who's nextArnault, who oversees the $350 billion group spanning over 70 brands including Dior and Tiffany, has five children involved in the running ...- LVMH finds making Louis Vuitton bags messy in TexasLouis Vuitton's Texas factory, inaugurated with fanfare by Bernard Arnault and Donald Trump, has struggled with production due to a shortag...
- Giorgio Armani, 90, says he plans to retire within 'two or three years'Giorgio Armani, at 90, reveals he plans to retire within two to three years, as he faces restless nights dreaming of a relief from decision...
- Forbes Richest List 2024: Bernard Arnault retains title as World's richest person with $233 bn fortune; Report records 2781 billionaires worldwideBernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional ...
- Hermes heir plans to adopt 51-year-old gardener to transfer his $11 bn fortuneThis unconventional move is part of the heir's effort to change his estate beneficiaries, representing 5-6 per cent ownership of the $220 b...
- View: Succession is tricky, none trickier than the richest person choosing who follows himThe case of the family of Bernard Arnault, chairman-CEO of Louis Vuitton, and world's richest man, is just as speculative as the Roys and M...
- LVMH names new Louis Vuitton CEO, puts Arnault daughter in charge of DiorShares in LVMH, Europe's most valuable company at about 380 billion euros ($408 billion), rose as much as 2% to hit new highs. Shares in lu...
- Prada SpA hires former Luxottica head, Andrea Guerra, as new CEO, replacing duo Patrizio Bertelli and Miuccia PradaPrada SpA, the Italian design brand, selected Andrea Guerra as its next CEO, succeeding the husband-and-wife team of Patrizio Bertelli and ...
- Reliance Retail plans 'fast fashion' stores to take fight to ZaraAccording to a retail consultant, Reliance has finalised Airia mall in Gurugram and High Street Phoenix in Mumbai and is looking for simila...
- Louis Vuitton's creative director Virgil Abloh succumbs to cancer at 41; LVMH pays tributeVirgil Abloh was the first black American artistic director of Louis Vuitton's menswear collection.
- TGI Fridays’ Indian partners sell stake to Singapore firmThe food service sector, estimated at over Rs 4 lakh crore in FY19, is forecast to grow to Rs 5.5 lakh crore by 2021
- After Karl Lagerfeld's death, Silvia Venturini Fendi to head Italian luxury fashion houseLagerfeld joined Fendi in 1965 and set to modernise the fur specialist with new techniques.
- Louis Vuitton’s next generation steps up to Kanye's latest tune; is breaking away from brand's modus operandiAs Bernard Arnault's children expand their influence, LVMH is reshaping the brands it already owns.
- Donna Karan brand sold to to G-III for $650 millionThe sale reflects LVMH’s inability to generate profitable growth from the business, which has counted Hillary Clinton and Michelle Obama am...
- L Capital plans to sell stake in Fabindia; cashout to plunk Rs 660 crore down LVMH coffersL Capital is targeting $100 million (Rs 660 crore) for its 8% holding in the unlisted Indian company, more than four times the investment i...
- After H&M, Select Citywalk mall gets ready to roll out Massimo Dutti and AeropostaleThe company is looking for 5,000-8,000 sq ft space on the ground floor of the mall. It is also scouting for locations to open four-five sto...
- Bulgari books India return, may tie up a silent partnerItalian luxury firm Bulgari is in the process of finalising a local partner for its proposed reentry into India’s high-end merchandise mark...
- France president Francois Hollande’s 75% tax rate loss shows limit of ability to tap richThe tax, one of Hollande’s campaign promises , had become a focal point of discontent among entrepreneurs and other wealth creators, some o...
- LVMH to unveil Tag Heuer phonesLuxury goods giant Louis Vuitton will tap India’s red hot mobile phone market launching handsets under its flagship watch brand Tag Heuer.
- Seagram to roll out locally made winesThe Indian arm of global wine & spirit major Pernod Ricard, has decided to roll out brand new wines produced in India from November.
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