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Big American companies in China were counting on a postpandemic boom to boost global revenue. For many, it isn’t happening.  Big American companies in China were counting on a postpandemic boom to boost global revenue. For many, it isn’t happening.  FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all…

The majority of votes counted in this week’s referendum were against plans by LVMH’s Cheval Blanc brand to build its first hotel in the U.S. The majority of votes counted in this week’s referendum were against plans by LVMH’s Cheval Blanc brand to build its first hotel in the U.S. FOLLOW US ON GOOGLE NEWS Read original article here Denial of responsibility! Techno Blender is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks…

GENEVA—Among the many luxury labels that form LVMH Moët Hennessy Louis Vuitton lies an upper-echelon of brands that generate more than $1 billion in annual revenue, driving the conglomerate’s business.Frédéric Arnault—chief executive officer of TAG Heuer and the third son of LVMH’s top boss, Bernard Arnault—said the Swiss watchmaker is about to join those ranks. What's NewsSee MoreWhat's News GENEVA—Among the many luxury labels that form LVMH Moët Hennessy Louis Vuittonlies an upper-echelon of brands that generate…

As a young tycoon living in New York in the 1980s, Bernard Arnault quickly realized some of the most valuable real estate was located on the corner of Fifth Avenue and 57th Street. When he bought the building that houses the Louis Vuitton flagship store on the northeast corner, he got a close-up view of Tiffany & Co. across the street to the south. “We said, maybe at one point we’ll have more than one corner,” Mr. Arnault said in a rare interview from the glass-enclosed top floor of Tiffany’s newly…

PARIS—Once a month, Bernard Arnault gathers his children for lunch inside a private dining room at the headquarters of LVMH Moët Hennessy Louis Vuitton SE, his globe-spanning luxury goods company. The meal, which lasts exactly 90 minutes, begins with the French billionaire reading aloud discussion topics he has prepared on his iPad, according to people close to him. Mr. Arnault then goes around the table, asking each of his five adult children for advice. He’ll seek an opinion on specific managers at…

In a world coping with inflation, war and bank runs, it seems counterintuitive that demand for luxury is still running hot.   Yet in recent days, two big designer brands reported bumper first-quarter sales. Paris-listed Hermès said its revenue grew 23% from a year earlier in the three months through March, ahead of the 13% analysts were expecting. At LVMH Moët Hennessy Louis Vuitton—owned by Bernard Arnault, the world’s wealthiest person—sales grew 17% in the same period. This was also much higher…

PARIS—Protesters stormed the headquarters of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE on Thursday as the nationwide protest movement against President Emmanuel Macron’s pension overhaul morphed into a populist rebuke of France’s establishment. PARIS—Protesters stormed the headquarters of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE on Thursday as the nationwide protest movement against President Emmanuel Macron’s pension overhaul morphed into a populist rebuke of…

PARIS—The Joan Mitchell Foundation has sent Louis Vuitton a letter demanding it pull handbag advertisements featuring paintings by the late American artist, saying the ad campaign was shot without the foundation’s permission. The cease-and-desist letter—which was sent Tuesday by the foundation’s lawyers to Louis Vuitton CEO Pietro Beccari and reviewed by The Wall Street Journal—alleges that Louis Vuitton illegally reproduced and used at least three works by artist Joan Mitchell for the promotion of its…

There’s Americana dream weaver Ralph Lauren, who guest-starred on “Friends.” The debonair don Giorgio Armani, who was the subject of a Martin Scorsese documentary. And the late, ever-recognizable Karl Lagerfeld, who cameoed in “Zoolander” and lent his crisp voice to “Grand Theft Auto” videogames.   But where these designers boosted their profiles from behind the sketchpad, Pharrell Williams, 49, who was last week appointed Louis Vuitton’s men’s creative director, enters the atelier as a…

PARIS— LVMH LVMUY 0.45% Moët Hennessy Louis Vuitton SE is scheduled to report fourth-quarter and full-year 2022 results later Thursday, as it rides a surge of demand for luxury goods that China’s recently loosened Covid-19 restrictions could extend into this year.Postpandemic demand for LVMH’s dozens of brands, including fine wine, jewelry and fashion labels and upscale hotels, has cemented the group’s position as the most valuable listed company in Europe. It has also…