LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’
Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.
LVMH’s CEO Bernard Arnault Does Not Deny DFS Sale As Stock Slides
French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.
Bernard Arnault says laid-off Meta staff were 'promoted outwards' — and LVMH's Tiffany is doing the same
Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."
Here's Why LVMH's Q4 Earnings Aren't As Bad As They Seem
LVMH’s Q4 earnings show mixed results but resilience in key segments. Learn why LVMHF stock is a buy, with strong long-term growth despite margin pressures.
LVMH shares fall as sales growth fails to impress
LVMH sales growth raises hope for end to luxury downturn
LVMH defied expectations and increased sales in its most recent quarter thanks to a buoyant US economy and resilience in Europe, raising optimism that the worst of the downturn in the luxury goods market has passed.
Shares in luxury giant LVMH trade lower as sales growth disappoints
LVMH shares set for biggest drop in over a year on fading recovery hopes
Shares in LVMH were on track for their largest drop in 14 months on Wednesday after the luxury goods group's latest sales figures disappointed investors hoping for stronger signs of a rebound at the sector bellwether.
LVMH Stock Drops as Results Raise Questions on Luxury Turnaround
Luxury giant LVMH eked a small gain in 2024 sales, underwhelming investors following buoyant results from rivals that signalled a turnaround for the sector
Which tech billionaires attended Trump’s inauguration? Take our business and investing news quiz
2 Remember when George Washington and Abraham Lincoln cashed in on their presidencies by selling commemorative medallions? Oh, wait. They didn’t do anything like that. But Mr. Trump did. He capitalized on his newfound power by issuing a crypto token. What is it called?
Stocks to watch this week: ASML, Intel, LVMH, Shell and Glencore
The "Magnificent 7" are set to dominate earnings focus in the coming week, as five of these tech giants are due to report, though there are still a number of other big names releasing results. Tesla (TSLA),
Top 10 World’s Richest People And The Universities That Shaped Their Success
Billionaires like Elon Musk and Jeff Bezos owe their success to prestigious universities, shaping their paths through innovation and education.
LVMH eyes US workshop expansion, but any shift will likely be limited
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LVMH's Arnault family faces off-pitch challenges at new Paris soccer club
The family of the owner of French luxury giant LVMH, has been in talks since late last year with rugby team Stade Francais to share its Jean-Bouin stadium in western Paris to replace Paris FC's ...