The billionaires behind Tesla, Alphabet, Meta, LVMH and more saw their fortunes plunge in the billions on Wednesday following a rash of earnings reports that disappointed investors. Tesla CEO Elon ...

French luxury businessman Bernard Arnault is poised to see a significant drop in his fortune, potentially by several billion dollars. Nearly half of Arnault’s wealth is tied to his stake in LVMH-Moët ...

"It's clear that we are being strongly pushed by the American authorities to continue to build out our presence," Bernard ...

Bernard Arnault drew parallels between layoffs at Tiffany & Co. and job cuts at Meta on an earnings call Tuesday. The CEO of the luxury conglomerate LVMH said he talked with Mark Zuckerberg last week ...

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Demand for high-end brands is improving but not as quickly as hoped. European luxury shares fell Wednesday in reaction to a mixed set of results from Louis Vuitton’s owner, LVMH. After Burberry and ...

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LVMH faces a 45% drawdown due to fading aspirational demand, eroding scarcity, and rising costs, with no clear recovery signs. Recent results show broad-based negative growth across divisions and ...