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 ...

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 ...

The luxury market is experiencing a downturn due to a weaker global consumer, higher exposure to non-core customers, and brand fatigue. LVMH shares are down nearly 20% YTD and over 33% from their peak ...

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