The Local France

Who is France's luxury emperor Bernard Arnault?

Sun, 18 Dec 2022 18:22:04 +0100

Bernard Arnault -- who with his family now tops the wealth of Elon Musk -- gradually built LVMH into a global luxury empire by buying up iconic brands, sealing his reputation as a formidable and insatiable businessman.

Hermès vs LVMH: Battle of brands ends in truce

Wed, 03 Sep 2014 12:57:00 +0200

A four-year war between two titans on the global luxury products battlefield, Hermès and LVMH, ended with a truce on Wednesday, driving down Hermès shares and leaving LVMH with a big profit.

LVMH and eBay end knockoff goods battle

Thu, 17 Jul 2014 17:44:00 +0200

American auction site eBay and French luxury goods maker LVMH have struck an agreement that ends a years-long court battle over the online sales of knockoff products. However, the details of the deal are sparse for the moment.

Louis Vuitton group posts record sales

Fri, 31 Jan 2014 10:40:26 +0100

The luxury group LVMH, which includes Louis Vuitton, bucked the slowdown in the global luxury market, posting a four percent increase in sales last year to a record €29.15 billion ($39.5), although net profits were flat at 3.4 billion.

Louis Vuitton group hit with €8 million fine

Tue, 02 Jul 2013 09:59:00 +0200

The luxury group LVMH, which includes Louis Vuitton was hit with an €8million fine on Monday failing to tell financial markets that it was increasing its stake in luxury bag maker Hermes.

Hermès vs Louis Vuitton: Brand wars turn ugly

Wed, 19 Jun 2013 16:33:00 +0200

Two of France's most famous luxury brands look set for a bitter court battle after deluxe bag maker Hermès accused the Louis Vuitton group LVMH of "historic fraud", as a long running bitter feud took a new twist on Wednesday.

Dior names Galliano successor

Tue, 10 Apr 2012 09:54:00 +0200

French fashion powerhouse Dior on Monday named Raf Simons as chief designer to succeed disgraced John Galliano who was fired more than a year ago for racist outbursts.

How long can Dior thrive without a couturier?

Mon, 16 Jan 2012 10:11:00 +0100

Ten months after John Galliano was sacked over a racist outburst, Dior has yet to name a new chief designer -- but sales are booming. Which begs the question: how long can the French fashion house thrive without a couturier at the helm?

Christian Dior sales up despite Galliano outburst

Fri, 21 Oct 2011 12:31:55 +0200

Fears that John Galliano's anti-semitic outburst in February in a Paris bar might harm the Christian Dior fashion house he once headed proved unfounded when the group announced a 17.6 percent increase in sales.

Marc Jacobs rumoured to take over at Dior

Tue, 23 Aug 2011 12:33:07 +0200

Star designer Marc Jacobs is set to move into the job vacated by John Galliano at luxury brand Dior, according to reports from respected fashion source Women's Wear Daily.

Luxury goods CEO is richest man in France

Wed, 06 Jul 2011 12:32:00 +0200

Bernard Arnault, the CEO of the LVMH luxury goods group, has been ranked the richest man in France by the magazine Challenges. His fortune is estimated at €22.76 billion.