Bezos, Musk Top Forbes’ Record – Setting Billionaire List

Forbes’ annual world’s billionaires list includes a record – breaking 2,755 billionaires, with Amazon.com Inc. founder Jeff Bezos topping it for the fourth consecutive year, the media company said on Tuesday. The ranks of the ultra – wealthy are expanding after a year in which the coronavirus pandemic upended world economies and threatened the livelihoods of people … More Bezos, Musk Top Forbes’ Record – Setting Billionaire List

BUSINESS | LVMH Tells Tiffany Employees To Return To Office In March

MILAN – – A month after acquiring Tiffany & Co, French luxury goods giant LVMH told employees at the U.S. Jeweller to return to the office two days a week beginning March 1, the Wall Street Journal reported on Friday. LVMH, which closed the $15.8 billion acquisition of Tiffany on Jan.7, had appointed the son … More BUSINESS | LVMH Tells Tiffany Employees To Return To Office In March

BUSINESS | Tiffany And LVMH Could Patch Things Up With Cut-Price Deal

U.S. jeweler Tiffany & Co and French luxury goods giant LVMH are in talks to settle their dispute over $16 billion takeover at a price slightly lower than that initially agreed, sources familiar with the matter said on Tuesday. The negotiations were based on a price in the range of $131 – $134 for each … More BUSINESS | Tiffany And LVMH Could Patch Things Up With Cut-Price Deal

BUSINESS | LVMH Submit Disputed Tiffany Takeover For EU Clearance

PARIS | FRANCE – LVMH said on Friday it had submitted its troubled takeover of Tiffany, which is now at the centre of  a legal dispute between the two groups, for EU approval as it seeks to counter accusations that it deliberately stalled antitrust proceedings. The French group’s $16 billion acquisition of the U.S. jeweler … More BUSINESS | LVMH Submit Disputed Tiffany Takeover For EU Clearance

BUSINESS | Luxury Goods Giant LVMH Cancels $14.5B Deal For Tiffany

Luxury goods giant LVMH is ending its takeover deal of jewelry retailer Tiffany & Co., saying the French government had requested a delay to assess the threat of proposed U.S. Tariffs. Wednesday’s announcement came after the deal’s value had been eroded by wider industry troubles caused by the coronavirus pandemic. The Paris-based conglomerate said that … More BUSINESS | Luxury Goods Giant LVMH Cancels $14.5B Deal For Tiffany

BUSINESS | Louis Vuitton Parent Company Will Use Cosmetics And Perfume Manufacturing Facilities To Make Free Alcohol-Based Sanitizer Amid Global Shortage

RIYAHD – LVMH Moet Hennessy, the French company behind major brands like Louis Vuitton, Fenty Beauty, and Benefit Cosmetics, announced Sunday its factories that normally manufacture perfume will shift to manufacturing hand sanitizer gel. ‘LVMH will use tor production lines of its perfume and cosmetic brands…to produce large quantities of hydroalcoholic gel from Monday’, the … More BUSINESS | Louis Vuitton Parent Company Will Use Cosmetics And Perfume Manufacturing Facilities To Make Free Alcohol-Based Sanitizer Amid Global Shortage

LIFE | Louis Vuitton Launches A Candle To Support (RED)

RIYADH/SAUDI ARABIA – – There is nothing like coming home and lighting a beautiful candle. Especially, when the candle supports a worthy cause. Louis Vuitton has just announced its collaboration with the non-profit organization (RED). Created in 2006 by legendary singer-songwriter and philanthropist Bono and activist Bobby Shriver, it supports the fight against AIDS. The … More LIFE | Louis Vuitton Launches A Candle To Support (RED)

BUSINESS | Louis Vuitton Faces Boycott Threat After Trump Visits Factory

MILAN/ITALY – Grab Your Wallet, a group that asks shoppers to boycott business with ties to Donald Trump’s family and administration, is adding Louis Vuitton and other LVMH brands to its list. LVMH is facing a boycott threat after the French luxury house invited President Donald Trump to the opening of a new Louis Vuitton … More BUSINESS | Louis Vuitton Faces Boycott Threat After Trump Visits Factory

WORLD NEWS | French Billionaire Arnault Calls Greta Thunberg “Demoralizing”

MILANO, ITALY – LVMH Chairman Bernard Arnault had some critical words for teenage environmental activist Greta Thunberg when he spoke at the luxury giant’s sustainability event in Paris. “She’s a dynamic young girl, but she’s surrendering completely to catastrophism”, Arnault, France’s richest man, said Wednesday. “I find that her views are demoralizing for young people”. … More WORLD NEWS | French Billionaire Arnault Calls Greta Thunberg “Demoralizing”