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Luxury stocks slide as LVMH disappoints and Wall Street eyes few signs of stronger China demand despite stimulus
LVMH's commentary on demand in China was a warning for luxury brands, which have relied on Chinese …
Kelly Cloonan
It looks like the glory days of luxury are over for LVMH, at least for now
French luxury conglomerate LVMH, the world's largest luxury company, reported a 3% year-on-year dec…
Nora Redmond
LVMH had a rough week. That's a bad sign for the luxury sector.
The Dior and Louis Vuitton owner reported disappointing earnings. As LVMH is a bellwether for the l…
Madeline Berg
LVMH's Bernard Arnault set to overtake Mark Zuckerberg as the world's 3rd-richest person after $24 billion wealth surge
China's stimulus plans have lit a fire under LVMH stock, boosting CEO Bernard Arnault's net worth f…
Theron Mohamed
Brands from Starbucks to LVMH are really hurting in one big market
A series of recent retail earning reports show Chinese customers are just not dining and shopping a…
Shubhangi Goel
LVMH's Bernard Arnault has gone from the world's richest person to flirting with 5th place after a $54 billion wipeout
LVMH CEO Bernard Arnault was wealthier than Elon Musk and Jeff Bezos in March, but his net worth ha…
Theron Mohamed
The luxury conglomerate behind Cartier is beating LVMH at its own game
Richemont is having a moment. The Swiss conglomerate is beating LVMH at its own luxury game thanks …
Madeline Berg
Luxury stocks are on the slide again as China's stimulus plans disappoint
Luxury sector stocks are suffering as European markets react to China's economic uncertainty and la…
Nora Redmond
How Prada is beating the odds and bucking the luxury slump
Thanks to coveted designs from Miu Miu and a company-wide turnaround strategy, Prada is one of the …
Madeline Berg
Chinese shoppers are so obsessed with LVMH that some people asked the CEO to bless their babies
Bernard Arnault's last visit to China drew large crowds, even as the Chinese luxury market dips.
Shubhangi Goel
Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide
LVMH's Bernard Arnault and Kering's François Pinault took a hit to their vast fortunes as luxury st…
Theron Mohamed
Luxury stocks have gotten a huge boost from China's stimulus this week
Shares of Hermes, Richemont, and LVMH soared this week on hopes China's new stimulus will lead to m…
Kelly Cloonan
$100 billion club shrinks to 12 members as slump in stocks knocks 3 people out
Nvidia's Jensen Huang, PC pioneer Michael Dell, and Indian industrialist Gautam Adani are worth und…
Theron Mohamed
Benard Arnault added $6 billion to his net worth in a day after China's stimulus sparked a rally in luxury stocks
Bernard Arnault owns about half of LVMH, which includes luxury brands like Louis Vuitton, Dior, Tif…
Matthew Fox
'Wolf in cashmere' Bernard Arnault loses his slot as the world's 2nd-richest man to Jeff Bezos as LVMH stock slips
Amazon founder Jeff Bezos has seen his personal fortune balloon by $49 billion this year as technol…
George Glover
Stock market today: Indexes rise as traders cheer cooler PCE inflation
The Fed's favorite inflation measure dropped to its lowest level in three years, fueling optimism f…
Jennifer Sor
Gautam Adani drops out of top 10 richest people list: Just $2.2 bn ahead of Mukesh Ambani
Gautam Adani is now the 11th richest person in the world, as his ranking dropped seven positions in…
Elon Musk has displaced Bernard Arnault as the world's richest person, as Tesla stock surges and LVMH slumps
Musk surpassed Arnault as the wealthiest person on the planet on Wednesday, after Paris-listed LVMH…
George Glover
Gucci sales hit by Asia slump, faces profit and stock decline
Gucci, Kering's largest brand, saw an 18% decline in revenue in the first quarter.
Meghan Morris
LVMH, Hermes, and other luxury stocks suffer a $30 billion rout as investors brace for a US spending slowdown
European luxury stocks slumped on Tuesday morning as investors fretted that a slump in US spending …