LVMH

Bernard Arnault, the CEO of LVMH Moët Hennessy Louis Vuitton (OTC:LVMHF) (OTC:LVMUY), has seen his net worth drop by $54 billion, moving him from the world’s richest person to nearly fifth place. What Happened: Arnault’s fortune peaked at $231 billion in March, placing him ahead of Elon...

Christian Dior SE (OTC:CHDRY), a subsidiary of French luxury goods conglomerate LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMUY), is reportedly behind on the UK’s required supply chain disclosures. The company’s website also contained outdated statements about third-party certifications...

On Monday afternoon, news broke that the probability of the SEC at least partially approving a spot ethereum ETF had vastly increased. This immediately led to massive buying activity for ETH, sending the price from less than $3,100 to over $3,800 in 24 hours. This marked the largest daily move for...

LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF), the French multinational luxury goods conglomerate, is making a significant move in the global luxury watch market. The company has launched a new watch division and introduced a range of high-end models. What Happened: LVMH is aiming to capture a...

With shares near 52-week lows, retailer Target Corp (NYSE: TGT) is ready to go to “Work” with bestselling musician and billionaire Rihanna. Here’s a look at the partnership that Target hopes will lift up shares. What Happened: Rihanna is best known for her music and catalog...

Danish biopharma Novo Nordisk A/S (NYSE:NVO) is reaping windfalls from its weight-loss drugs Ozempic and Wegovy, which continue to fly off the shelves. What Happened: In a significant move, Novo Nordisk’s shares on the Copenhagen stock exchange closed Friday...

The surge in value of one luxury goods company has catapulted its CEO further up the world’s richest list. Here’s a look at just how much Bernard Arnault is worth now. What Happened: A legend in the fashion and luxury goods space, Bernard Arnault is the CEO and chairman of LVMH...

Bernard Arnault, the richest person in the world and owner of luxury brand LVMH Moet Hennessy Louis Vuitton, reportedly sold one of his Los Angeles properties in late 2021 for a staggering $84.5 million. While the house was never listed for public sale, grant deeds confirm that the property...

While he’s not as popular as Jeff Bezos or Elon Musk in the U.S., Bernard Arnault doesn’t need to be — he’s the richest person in the world and may have the most unique story amongst his billionaire peers. Arnault, 73, born in France, may be most well-known today for his...

Rihanna was the featured performer during the Super Bowl Halftime show on Sunday. Shortly after her appearance, the singer’s rep confirmed what many suspected during the performance of her hit songs: Rihanna is pregnant with her second child. What Happened: Rihanna was announced as...

Global luxury conglomerate and Moet & Chandon parent company LVMH (OTC: LVMUY) bought a 50% stake in rival high-end champagne company, Armand de Brignac, The Wall Street Journal reported. What Happened: Armand is owned by rapper and mogul Shawn "Jay-Z" Carter. It's among the...

Billionaire investor Warren Buffett and his Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) turned down an opportunity to put some of its $128 billion in cash to use and buy jewelry company Tiffany & Co. (NYSE: TIF), the Financial Times reported. Buffett Passes On Tiffany Buffett has a...

Fashion conglomerate LVMH (OTC: LVMUY) confirmed an agreement to buy Tiffany & Co. (NYSE: TIF) in a $16.2 billion bid, the companies said in a joint statement on Monday. What Happened European fashion conglomerate LVMH will buy the U.S. jewelry company at $135 per share in...

Tiffany & Co. (NYSE: TIF) confirmed Monday that it received an unsolicited and non-binding takeover proposal from LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) at $120 per share. Tiffany Is Interested, But Not At $120 Tiffany is open to a deal to sell itself to LVMH, but not at $120 per share,...