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Bernard Arnault, LVMH

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.

Business Insider on MSN · 15h

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."

SFGATE on MSN · 7h

Bernard Arnault, world's richest non-American, drops absurd new term for tech layoffs

Bernard Arnault, whose perch at the head of luxury goods conglomerate LVMH has made him the world’s richest non-American, just dropped an absurd new term for layoffs in the tech industry. While discussing layoffs at subsidiary Tiffany & Co.

LVMH shares fall

Reuters · 23h

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 · 1d

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 · 20h

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.

17h

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 ...

13hon 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 ...

10h

The Coach Brooklyn bag was just named the hottest bag of 2024 — we found an Amazon rival that's under $50

Some of the hottest fashion trends right now include knee-high boots, barn jackets, denim shirts (denim anything, actually) ...

10h

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 ...

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 ...

Which tech billionaires attended Trump’s inauguration? Take our business and investing news quiz

2 Remember when George Washington and Abraham Lincoln cashed in on their presidencies by selling commemorative medallions? Oh ...

13h

Amazon’s Prime Video Inks Lionsgate Streaming Deal, Will Get Exclusive Window on Films After First Run on Starz

Amazon's Prime Video inked a deal with Lionsgate for an exclusive streaming window on the studio's films after an initial run ...

Curbed on MSN17h

The Trump Name May No Longer Be a Stain on Real Estate

At Donald Trump’s inauguration this year, there was perhaps more chatter about the billionaire tech magnates and heads of industry who attended — LVMH’s Bernard Arnault, Google’s Sundar Pichai, Amazon ...

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