Luxury isn’t what it used to be: What’s happening to the world’s most exclusive brands?
Lower consumption in China, the trade war, and an oversaturated market are taking a toll on the sector, which has lost 50 million customers in one year
The real issue was not the hat: What Melania Trump’s inauguration outfit says about trade and geopolitics
All eyes may have been on the wide-brimmed accessory, but what was most significant for the industry was the fact that Bernard Arnault, the CEO of LVMH, attended the Republican’s inauguration ceremony
The world could get its first trillionaire within 10 years, anti-poverty group Oxfam says
The group on Monday released an annual assessment of global inequalities timed to the World Economic Forum’s gathering of political and business elites at the Swiss ski resort of Davos
Elon Musk reclaims title as world’s richest person in good year for billionaires
Most of the world’s 20 largest fortunes increased thanks to the strong performance of tech companies and rising stock prices
Jean Arnault, the 25-year-old heir winding up Louis Vuitton’s watchmaking renaissance
At the head of the French watchmaking house, the youngest son of Bernard Arnault takes a triple (and luxurious) somersault with the new Tambour collection, a declaration of business ambition and love of craftsmanship and mechanics.
Paris and London face each other in the war of art
The two cities aspire to become the capital of the sector in Europe. London remains dominant despite the burden of Brexit, but Paris is favored by its new private museums and by the arrival of Art Basel, which has created a new fair in the city
The great predator of luxury: this is how Bernard Arnault built his LVMH empire, valued at $500 billion
The French businessman was always at the top of the class. His firm’s rise on the stock market has resulted in a personal fortune of around $200 billion. At 74, his biggest challenge is deciding which of his five children will take over a conglomerate that produces iconic brands such as Dior, Tiffany, Dom Pérignon and Bulgari
Why luxury sales are setting records amid a world in crisis
There are more millionaires from different generations and more millionaires who engage in conspicuous consumption. That means that in these uncertain times, a sector of the population is willing to spend a lot of money on a product just because it is expensive
Andy Warhol and Jean-Michel Basquiat reconcile in Paris
The father of pop art and the prodigy of the neo-expressionist movement jointly created around 160 paintings and photographs. An exhibit at the Louis Vuitton Foundation in Paris is now celebrating the 40th anniversary of this collaboration
Elon Musk hopes to have Twitter CEO toward the end of year
‘I think I need to stabilize the organization and just make sure it’s in a financial healthy place,’ the billionare said
The fast fall in fortune of India’s coal tycoon Gautam Adani
The third-richest man in the world’s net worth halved in a week after he was accused of market manipulation by a US firm specializing in ‘man-made disasters’
Delphine Arnault, daughter of the world’s richest man, becomes CEO of Dior
The LVHM group is also restructuring the board of directors of Louis Vuitton, its other flagship brand
How the ‘king of coal’ became the third-richest man in the world
The energy crisis has lifted Indian businessman Gautam Adani, who survived the Mumbai terrorist attack, to the podium of the global rich list with an estimated fortune of $125 billion