MILAN—LVMH shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalization of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe’s most valuable company. Like other luxury companies which are heavily exposed to China, LVMH has benefited this year from the fast…
Elon Musk Briefly Loses Title as World’s Richest Person to LVMH’s Arnault: Forbes
Twitter owner and Tesla boss Elon Musk briefly lost his title as the world’s richest person on Wednesday, according to Forbes, following a steep drop in the value of his stake in the electric-car maker and a $44 billion bet on the social media firm. Bernard Arnault, the chief executive of luxury brand Louis Vuitton’s…
Louis Vuitton Artistic Director Virgil Abloh Dies of Cancer at 41
NEW YORK—Designer Virgil Abloh, a leading fashion executive hailed as the Karl Lagerfeld of his generation, has died of cancer. He was 41. Abloh’s death was announced Sunday by the luxury group LVMH (Louis Vuitton Moët Hennessy) and the Off-White label, the haute street wear brand Abloh founded in 2013. Abloh was the artistic director…
LVMH Shares Flat After Its Third Quarter Revenues
PARIS—Shares in LVMH were flat in early trading on Wednesday after the French luxury giant posted a strong rise in sales in its fashion and leather goods division in the third quarter. LVMH, whose luxury products span Moët & Chandon champagne and Bulgari timepieces, said on Tuesday the popularity of its star labels Louis Vuitton…
European Stocks Reverse Losses on Strong SAP, LVMH Results
European stocks recouped early losses on Wednesday as upbeat earnings forecast from German software group SAP and robust quarterly sales for French luxury goods maker LVMH helped soothe worries about inflation. By 0824 GMT, the pan-European STOXX 600 index was up 0.2 percent after falling as much as 0.4 percent in opening trade. The German…
French Luxury Group LVMH Seeks 25,000 Young Staff in Recruitment Drive
PARIS—LVMH aims to hire 25,000 people under 30 years of age by the end of 2022, the French luxury behemoth said on Wednesday, as it accelerates recruitment to meet brisk demand for high-end goods. The European luxury sector has seen a fast pace of growth in recent months, as stores reopened following lockdown periods and…
US News
- Ross MuscatoSince the Dec. 12, 2012, massacre of 20 children and six educators at Sandy Hook Elementary School in Connecticut, the state has passed several laws to restrict and make it… [...]
- Ryan MorganThe campaign video Rep. Adam Schiff (D-Calif.) released to announce his 2024 Senate campaign became the subject of an ethics complaint within a single day. On Thursday, Schiff announced he… [...]
- Amy GammFive Republican members of Congress from New York sent a letter to President Joe Biden on Wednesday, demanding transparency about his administration’s “secrecy” involving migrant relocation operations and expressing outrage… [...]
- City News ServiceThe Los Angeles City Council tentatively voted Jan. 27 to provide tenants who are behind on their rent with a one-month grace period prior to their landlord beginning eviction proceedings,… [...]
- Lear Zhou, Jason BlairSAN FRANCISCO—Hundreds of community members gathered in Portsmouth Square in San Francisco on the evening of Jan. 26 to commemorate the victims of two recent mass shootings in California and… [...]
- City News ServiceSAN DIEGO—A Chula Vista man who blew up two ATMs in an attempt to steal the money inside was sentenced Jan. 27 to more than 11 years in federal prison.… [...]
- Caden PearsonFormer Vice President Mike Pence on Friday acknowledged his responsibility for classified documents found at his residence in Indiana and pledged to participate in any investigation into the matter. Pence… [...]
- Joseph M. HannemanA California doctor who treated the mortally wounded Ashli Babbitt after she was shot outside the House of Representatives on Jan. 6, 2021, was arrested by the FBI on four… [...]
- Bill PanThe State Bar of California is moving to disbar attorney and former law professor John Eastman for supporting President Donald Trump’s efforts to challenge the 2020 election results. In a… [...]
- Jack BradleyOrange County Sheriff’s officials announced Jan. 26 that “rainbow” fentanyl was found for the first time in the department’s jurisdiction. Deputies confiscated 14,000 multi-colored fentanyl pills along with 2 kilograms… [...]