He’s someone Trump really looks up to and wants to make happy,” a source said of LVMH CEO Bernard Arnault, the wealthiest man in France.
Designers drop their resistance to the right as Usha Vance, Ivanka Trump and others set a new tone of American conservatism.
The LVMH Moët Hennessy Louis Vuitton titan had prime seating near former Presidents Bill Clinton, George Bush and Barack Obama.
With the economic outlook in France looking grim, Arnault said LVMH, which owns Louis Vuitton, Dior, Fendi and Moët & Chandon, is "seriously" considering opening more factories in the United States. Such a move would help the company to avoid the tariffs Trump has promised to enact on foreign goods sold in the United States.
Trump's inauguration drew several business and tech CEOs, including Jeff Bezos, Mark Zuckerberg, Elon Musk, Tim Cook, and TikTok's Shou Zi Chew.
President Donald Trump welcomed a mix of traditional ... the biggest seller of luxury goods in the world whose brands include Louis Vuitton and Christian Dior, was on the opposite side of the dais. 4. Barron Trump is Trump’s youngest son.
Arnault, one of the world's richest men, dashed home after attending the inauguration of Donald Trump in Washington on Monday where he was placed prominently behind outgoing president Joe Biden. Pharrell's fifth collection for Louis Vuitton saw models walk ...
Shares of luxury conglomerate LVMH Moet Hennessy Louis Vuitton rose after it posted fourth-quarter sales ahead of the average Wall Street target, despite a broad slowdown in demand for premium consumer goods. Shares of LVMH fell after executives forecast a slow grind to recover its momentum in the Chinese market.
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions of people worldwide every day. Reuters provides business, financial, national and international news to professionals via desktop terminals, the world's media organizations, industry events and directly to consumers.
Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."
"It's clear that we are being strongly pushed by the American authorities to continue to build out our presence," Bernard Arnault said.
LVMH says 2025 is off to a good start as it reports an increase in sales in its most recent quarter. US President Donald Trump is offering buyout packages to almost all federal workers who do not