The Decline of Luxury Goods Market: Implications for LVMH and Other Brands

The Decline of Luxury Goods Market: Implications for LVMH and Other Brands

Big profits at luxury goods companies helped LVMH boss Bernard Arnault, who is Europe’s richest man, overtake Tesla CEO Elon Musk as the world’s richest man earlier this year. At his peak, Arno’s fortune was $200 billion. This happened thanks to the renewed interest of LVMH brands, such as Christian Dior and Louis Vuitton. Since … Read more

Competition to attract duty-free shops begins as Louis Vuitton president visits Korea today, with the presence of Lee Bu-jin and Jeong Yoo-kyung

20 days visit… Distribution Major CEO MeetingDiscussion of additional stores and investment in department stores and duty free shops Bernard Arnault, president of Louis Vuitton Moët Hennessy (LVMH), the world’s largest luxury goods group, will visit Korea on the 20th. Chairman Arno’s visit to Korea has been 3 years and 5 months since October 2019. … Read more

Post about kids in the biggest luxury empire: Bernard Arnault appoints his daughter to head Dior

LVMH chairman and CEO Bernard Arnault wants his family to be an integral part of the luxury goods empire. He put his daughter Delphine Arnault in charge of one of the leading labels under the empire’s umbrella, Christian Dior, in a management reshuffle. The world’s largest luxury empire has replaced longtime Louis Vuitton CEO Michael … Read more

Fans can greet Arno in the AB

– © BELGA – His funeral will be held privately, far away from the public. But Arno’s fans can still pay their last tribute to their deceased hero, in the Ancienne Belgique – his ‘second living room’. – “He wanted to be strewn at sea, he said. That’s what we’re going to do.” Peter Hintjens, … Read more

We might never have known him without that one intervention from an attentive friend: Arno .’s difficult career start

The long road to success, part 1 – Arno’s early years were his toughest. – Before TC Matic there was Tjens Couter. And for Tjens Couter there was nothing. No money, no success. Just Arno’s dream to make it as a singer. It cost him blood, sweat and tears. His mother died much too young, … Read more

Rebel, citizen of the world, woman magnet and ‘lonesome Zorro’: the different guises of Arno

– – Fifty years in the spotlight, on and off the stage. No Belgian rocker leaves more traces than Arno Hintjens. Or showed more faces. Stage beast and womanizer. A loner and everyone’s friend. Rebel and innovator. Proud Belgian and world citizen. The singer was it all. And yet everyone knew a different Arno. – … Read more