Browsing: Luxury
Bernard Arnault’s son Alexandre is climbing the ranks as new deputy of Moët Hennessy. Here’s what it means for LVMH’s succession plan
Alexandre Arnault, one of LVMH CEO Bernard Arnault’s children, is set to become the deputy chief of the French luxury…
All the Rolex Submariner watches ever made are now near a total $50 billion market value
The total market value of all Rolex Submariner watches ever made is almost $50 billion, based on analysis of the…
Millennials’ midlife crisis looks different from their parents’ sports cars and mistresses—it’s a ‘crisis of purpose and engagement’
Buying sexy sports cars, changing hairstyles, and finding a mistress used to be the classic signs of a midlife crisis—at…
Acquisition speculation grips European luxury: Meta said to eye 5% stake in Ray-Ban maker, Moncler linked to Burberry takeover
News on the luxury grapevine lifted shares of Burberry and EssilorLuxottica yesterday amid speculation that two major industry deals are…
Chanel’s CEO went to Microsoft HQ and asked ChatGPT to show her a picture of her company’s leadership. They were all men in suits.
Chanel’s second female global CEO Leena Nair, who has worked to increase gender diversity in the workplace, recently learned that…
The wealth of France’s luxury and cosmetics titans swelled to unprecedented heights during the pandemic era, when consumers snapped up…
Mike Jeffries was responsible for Abercrombie’s explosive popularity in the early aughts—and its hypersexualized marketing approach
Millennials: You’ll remember walking into Abercrombie & Fitch in the late ‘90s and early 2000s. Loud, thumping music, perfume so…
The Sand Castle, a clifftop mansion overlooking the Pacific Ocean in La Jolla, California, has been listed for $108 million,…
Jerome Powell has accidentally jammed the property market—especially for the ultra-rich
Jerome Powell and the Federal Open Market Committee (FOMC) have got a job to do—irrespective of what the markets or…
LVMH had a bloodbath of an earnings. But its CFO is convinced becoming more affordable isn’t the answer
There’s no way to sugarcoat it—LVMH is in trouble. The French giant’s third-quarter revenue fell by 3%, slipping below analyst…