https://www.scmp.com/rss/517663/feed The latest news on Bernard Arnault, founder, chairman and CEO of LVMH, including global luxury brand news and updates. en https://assets.i-scmp.com/static/img/icons/scmp-meta-1200x630.png https://www.scmp.com Reuters Reuters Valentino, Italy’s haute couture “emperor”, was laid to rest in Rome on Friday, with the distinctive red ‌he championed in his collections echoed in splashes of crimson among the black-clad mourners. The biggest ‍names in fashion – including Donatella Versace, Tom Ford and Maria Grazia Chiuri – gathered in the Basilica of Santa Maria degli Angeli, a church designed by Michelangelo and built on the ruins of ancient Roman baths. Valentino’s co-founder Giancarlo Giammetti, dressed ⁠in a sharply... https://www.scmp.com/news/world/europe/article/3341069/stars-fashion-and-film-bid-farewell-haute-couture-emperor-valentino?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3341069/stars-fashion-and-film-bid-farewell-haute-couture-emperor-valentino?utm_source=rss_feed Fri, 23 Jan 2026 17:50:36 +0000 James David Spellman James David Spellman China’s consumers are increasingly favouring domestic brands over Western imports, reshaping a global luxury market that was valued at US$327.5 billion in 2024. Their preference for domestic labels is upsetting the old hierarchy of Europe’s luxury houses, historically regarded as the pinnacle of taste, craftsmanship and prestige. This shift is taking place amid a decline in the Chinese luxury market, which was down more than 18 per cent in 2024 to around 350 billion yuan (US$50 billion). The... https://www.scmp.com/opinion/china-opinion/article/3338150/how-chinas-home-grown-luxury-labels-took-western-brands?utm_source=rss_feed https://www.scmp.com/opinion/china-opinion/article/3338150/how-chinas-home-grown-luxury-labels-took-western-brands?utm_source=rss_feed Wed, 31 Dec 2025 08:32:43 +0000 Mandy Zuo Mandy Zuo During past flare-ups in diplomatic tensions between China and Japan, Chinese consumers spontaneously boycotted Japanese goods. But the latest row, sparked by controversial remarks on Taiwan by Japanese Prime Minister Sanae Takaichi, has met with a markedly different response, with almost no one in China calling for a boycott of Japanese products. Part of the reason for the turnaround is a seismic shift in China’s consumer market, with the Japanese home appliances, digital gadgets and cars once... https://www.scmp.com/economy/china-economy/article/3334529/why-do-chinese-consumers-feel-japanese-products-are-no-longer-worth-boycotting?utm_source=rss_feed https://www.scmp.com/economy/china-economy/article/3334529/why-do-chinese-consumers-feel-japanese-products-are-no-longer-worth-boycotting?utm_source=rss_feed Sun, 30 Nov 2025 08:00:16 +0000 Joshua Hendren Joshua Hendren Wei Koh has spent much of his career championing watchmaking through words. Now, he is taking his storytelling to the screen. The founder of Revolution magazine – one of the world’s leading authorities on horology – has created Man of the Hour, an eight-part documentary series produced by Refinery Media for Discovery. The show travels from Los Angeles to Geneva, Paris and Singapore, tracing the human stories behind some of the world’s most extraordinary timepieces. “For many years, I was just... https://www.scmp.com/magazines/style/luxury/watches/article/3329053/wei-kohs-man-hour-explores-lives-watchmakers-mbf-greubel-forsey?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/watches/article/3329053/wei-kohs-man-hour-explores-lives-watchmakers-mbf-greubel-forsey?utm_source=rss_feed Wed, 15 Oct 2025 21:00:09 +0000 Bloomberg Bloomberg Giorgio Armani fought for decades to keep the fashion empire he founded independent, as Italian icons like Gucci and Fendi were snapped up by larger luxury groups. It will be his heirs who decide what the future will hold. The Italian patriarch, whose death at age 91 was announced on Thursday, entrusted the future of the Giorgio Armani brand to close family members and associates who will map the next steps for a company he started in 1975. A fierce protector of his empire during his long... https://www.scmp.com/magazines/style/fashion/fashion-news/article/3324424/who-are-giorgio-armanis-heirs-and-what-will-happen-company-after-his-death?utm_source=rss_feed https://www.scmp.com/magazines/style/fashion/fashion-news/article/3324424/who-are-giorgio-armanis-heirs-and-what-will-happen-company-after-his-death?utm_source=rss_feed Fri, 05 Sep 2025 04:15:40 +0000 Vincenzo La Torre Vincenzo La Torre As anniversaries go, Loro Piana’s 100th this year couldn’t have come at a better time. The Italian luxury label celebrated the milestone with its first ever exhibition, aptly titled “If You Know, You Know: Loro Piana’s Quest for Excellence”, held at the Museum of Art Pudong in Shanghai. The event was a fitting way to cap a momentous few years for the low-key maison. Known as the purveyor of the finest fibres in the world – from baby cashmere to merino wool and vicuña – Loro Piana has experienced... https://www.scmp.com/magazines/style/fashion/article/3313664/why-loro-piana-has-reason-celebrate-it-turns-100-original-quiet-luxury-brand-prized-those-know?utm_source=rss_feed https://www.scmp.com/magazines/style/fashion/article/3313664/why-loro-piana-has-reason-celebrate-it-turns-100-original-quiet-luxury-brand-prized-those-know?utm_source=rss_feed Wed, 11 Jun 2025 04:00:08 +0000 Vincenzo La Torre Vincenzo La Torre Morgan Rachel Boyce from Ireland and Simone Rizzato from Italy – two students in the creative knitwear design programme at Italy’s Accademia Costume & Moda – are the winners of the ninth edition of the Loro Piana Knit Design Award, which just took place in Milan. Since 2016, the LVMH-owned luxury label has been partnering every year with leading design schools around the world. Each college selects two students for the competition, giving them the chance to work with Loro Piana’s prized... https://www.scmp.com/magazines/style/fashion/fashion-news/article/3310389/loro-piana-knit-design-award-2025-creative-knitwear-students-italys-accademia-costume-moda-shine?utm_source=rss_feed https://www.scmp.com/magazines/style/fashion/fashion-news/article/3310389/loro-piana-knit-design-award-2025-creative-knitwear-students-italys-accademia-costume-moda-shine?utm_source=rss_feed Thu, 15 May 2025 02:00:29 +0000 A Paris court on Friday sentenced the former head of France’s domestic intelligence agency to four years in prison, two of them suspended, on charges of using his security contacts for private gain including by obtaining confidential information for luxury giant LVMH. Bernard Squarcini, 69, known as “le Squale” (the shark), will appeal the verdict, said Marie-Alix Canu-Bernard, one of his lawyers. LVMH chief Bernard Arnault, France’s richest man, testified during the trial but was never charged... https://www.scmp.com/news/world/europe/article/3301558/frances-ex-spy-chief-gets-four-years-jail-influence-peddling-trial?utm_source=rss_feed https://www.scmp.com/news/world/europe/article/3301558/frances-ex-spy-chief-gets-four-years-jail-influence-peddling-trial?utm_source=rss_feed Fri, 07 Mar 2025 12:14:56 +0000 In little more than a decade, the LVMH Prize for young designers has become one of the most prestigious and coveted awards in the fashion industry. Former winners and participants include success stories such as the founders of brands Jacquemus, Marine Serre, Setchu and Chopova Lowena. Hugely influential designers such as the late Virgil Abloh, who had his own label, Off-White and who steered men’s fashion at Louis Vuitton, as well as Balenciaga’s creative director, Demna, also entered the... https://www.scmp.com/magazines/style/fashion/article/3301393/dior-ceo-and-lvmh-prize-founder-delphine-arnault-coveted-international-award-young-fashion-designers?utm_source=rss_feed https://www.scmp.com/magazines/style/fashion/article/3301393/dior-ceo-and-lvmh-prize-founder-delphine-arnault-coveted-international-award-young-fashion-designers?utm_source=rss_feed Fri, 07 Mar 2025 02:30:07 +0000 This has been a big year for Swedish designer Ellen Hodakova Larsson of Hodakova, with the likes of Lady Gaga, Cate Blanchett and Blackpink’s Rosé wearing her glamorous “trash to treasure” creations. And, after the announcement at the award ceremony at Paris’ Fondation Louis Vuitton on Tuesday, Larsson can now count winner of the 2024 LVMH Prize among her many accomplishments. View this post on Instagram A post shared by LVMHPrize (@lvmhprize) Larsson edged... https://www.scmp.com/magazines/style/fashion/fashion-news/article/3278110/ellen-hodakova-larsson-wins-lvmh-prize-paris-fondation-louis-vuitton?utm_source=rss_feed https://www.scmp.com/magazines/style/fashion/fashion-news/article/3278110/ellen-hodakova-larsson-wins-lvmh-prize-paris-fondation-louis-vuitton?utm_source=rss_feed Wed, 11 Sep 2024 10:00:21 +0000 Among the richest men in the world, Bernard Arnault took the throne from Elon Musk earlier this year – before the Tesla and SpaceX CEO snatched back the title a few days ago, per Forbes. When it comes to ladies, Françoise Bettencourt Meyers has topped the charts for years. But Arnault and Bettencourt Meyers have one thing in common: they’re both bosses of a beauty empire – LVMH and L’Oréal, respectively. The beauty sector, defined as skincare, fragrance, make-up and hair care, generated around... https://www.scmp.com/magazines/style/celebrity/article/3230512/10-richest-beauty-billionaires-2023-net-worths-ranked-lvmh-boss-bernard-arnault-and-loreals?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3230512/10-richest-beauty-billionaires-2023-net-worths-ranked-lvmh-boss-bernard-arnault-and-loreals?utm_source=rss_feed Wed, 09 Aug 2023 16:10:09 +0000 French luxury brand LVMH announced on Monday it will be a “premium sponsor” of the 2024 Paris Olympics, allowing the organisers to practically reach their sponsorship target of 1.24 billion euros (US$1.37 billion). LVMH becomes the sixth top-tier domestic sponsor alongside communications company Orange, electricity provider EDF, banking group BPCE, pharmaceuticals company Sanofi and retail giant Carrefour. “I have the honour of officially announcing that we are now committed to being a premium... https://www.scmp.com/magazines/style/news-trends/article/3228832/lvmh-just-became-premium-sponsor-2024-paris-olympics-antoine-arnault-son-billionaire-ceo-bernard?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3228832/lvmh-just-became-premium-sponsor-2024-paris-olympics-antoine-arnault-son-billionaire-ceo-bernard?utm_source=rss_feed Tue, 25 Jul 2023 07:25:02 +0000 On July 12, Swiss watchmaker Tag Heuer held a grand opening party for its new flagship on Fifth Avenue in Manhattan. Celebrities including Patrick Dempsey, Kieran Culkin, Natasha Lyonne, Alexandra Daddario and Thomas Doherty turned up for the celebration, which was presided over by Frédéric Arnault, chief executive officer of Tag Heuer, with his father, LVMH CEO Bernard Arnault in the wings. There was a lot to celebrate: the new Fifth Avenue boutique is twice the size of the previous one, and... https://www.scmp.com/magazines/style/luxury/article/3228732/tag-heuer-ceo-frederic-arnault-his-strategy-brand-son-lvmh-boss-bernard-arnault-how-swiss-watchmaker?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3228732/tag-heuer-ceo-frederic-arnault-his-strategy-brand-son-lvmh-boss-bernard-arnault-how-swiss-watchmaker?utm_source=rss_feed Mon, 24 Jul 2023 23:00:22 +0000 According to Forbes, Ronaldo is the world’s highest-paid athlete and has a personal watch collection worth an estimated US$6.5 million. And now the international football superstar has become an investor in global luxury watch resale marketplace Chrono24, the company’s CEO Tim Stracke has said. “He likes the category, likes technology and also thought this was financially a good opportunity,” Stracke explained. Inside LeBron James’ impressive luxury watch collection He declined to disclose the... https://www.scmp.com/magazines/style/celebrity/article/3227915/why-did-football-legend-cristiano-ronaldo-invest-chrono24-worlds-highest-paid-athlete-just-took?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3227915/why-did-football-legend-cristiano-ronaldo-invest-chrono24-worlds-highest-paid-athlete-just-took?utm_source=rss_feed Sun, 16 Jul 2023 14:54:55 +0000 Since mainland China dropped all its coronavirus travel curbs, the head honchos of the world’s most recognisable luxury brands have been making a beeline there, with French billionaire Bernard Arnault, the chairman and CEO of LVMH, the latest to make a high-profile visit. Arnault, who reportedly chose a shopping mall in Beijing as his first port of call on Tuesday, then swung by Chengdu, the capital of southwestern China’s Sichuan province, and Shanghai before making his way to Hong Kong on... https://www.scmp.com/business/article/3226276/lvmh-boss-bernard-arnaults-visit-highlights-growing-importance-huge-mainland-chinese-market-luxury?utm_source=rss_feed https://www.scmp.com/business/article/3226276/lvmh-boss-bernard-arnaults-visit-highlights-growing-importance-huge-mainland-chinese-market-luxury?utm_source=rss_feed Sun, 02 Jul 2023 06:04:06 +0000 Bernard Arnault, the CEO of LVMH, kicked off his tour of China with a visit to a high-end shopping centre, with the billionaire’s efforts to woo Chinese consumers coinciding with the government’s push to build ties with foreign companies. The French entrepreneur was spotted at a mall in Beijing on Tuesday, Global Times tweeted, citing photos taken circulating on a Chinese social-media platform. Louis Vuitton CEO Pietro Beccari is joining the trip, as is Delphine Arnault, Bernard’s daughter who... https://www.scmp.com/business/china-business/article/3225742/lvmh-billionaire-ceo-bernard-arnault-china-woo-all-important-chinese-consumers?utm_source=rss_feed https://www.scmp.com/business/china-business/article/3225742/lvmh-billionaire-ceo-bernard-arnault-china-woo-all-important-chinese-consumers?utm_source=rss_feed Wed, 28 Jun 2023 09:10:17 +0000 SpaceX and Tesla boss Elon Musk and Bernard Arnault, the CEO of LVMH, met at Cheval Blanc, the luxury hotel run by the French conglomerate, on Friday. As of June, Arnault is worth US$202 billion, making him the world’s second-richest person behind Musk, whose net worth is US$233 billion, according to the Bloomberg Billionaires Index. Musk lost his crown to the French tycoon last year, but a surge in Tesla’s share price this year means he’s once again at the top. They were joined by Elon’s... https://www.scmp.com/magazines/style/celebrity/article/3224598/what-happened-when-worlds-two-richest-men-met-lunch-billionaires-elon-musk-and-bernard-arnaults-went?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3224598/what-happened-when-worlds-two-richest-men-met-lunch-billionaires-elon-musk-and-bernard-arnaults-went?utm_source=rss_feed Mon, 19 Jun 2023 08:40:28 +0000 LVMH chief Bernard Arnault is set to visit China, two sources told Reuters on Thursday, as European luxury goods makers closely track the pace of recovery of the key market following three years of Covid-19 disruptions. One of the sources close to the matter said Arnault’s visit to the all-important Chinese market, which comes after high-profile visits to the country this week by JPMorgan Chase & Co CEO Jamie Dimon and Tesla Inc chief Elon Musk, will take place later this month. LVMH, home to... https://www.scmp.com/magazines/style/news-trends/article/3222960/lvmh-chief-bernard-arnault-set-visit-china-june-after-elon-musk-worlds-richest-man-runs-luxury-giant?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3222960/lvmh-chief-bernard-arnault-set-visit-china-june-after-elon-musk-worlds-richest-man-runs-luxury-giant?utm_source=rss_feed Mon, 05 Jun 2023 05:58:24 +0000 Bernard Arnault, the world’s richest man, will scrap a plan to build a luxury hotel in Beverly Hills after residents in the wealthy city appeared to vote against the project. While some votes remain to be counted, LVMH Moët Hennessy Louis Vuitton SE confirmed that two measures on the Cheval Blanc Beverly Hills project have fallen short by a “narrow margin”, according to a statement late Friday by spokesperson Jessica Miller. “If the final vote count confirms the voters’ rejection of our... https://www.scmp.com/magazines/style/news-trends/article/3222299/beverly-hills-residents-vote-against-bernard-arnaults-luxury-hotel-project-worlds-richest-man-will?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3222299/beverly-hills-residents-vote-against-bernard-arnaults-luxury-hotel-project-worlds-richest-man-will?utm_source=rss_feed Tue, 30 May 2023 08:16:38 +0000 Johnny Depp is breathing in the sweet smell of success. The Pirates of the Caribbean star has reportedly signed the biggest men’s fragrance deal of all time. Variety cites a source confirming Dior closed a three-year deal with Depp estimated to be worth a whopping US$20 million. The outlet said the French luxury label did not respond to a request for comment. Depp’s handlers also declined. The veteran actor has been the face of Dior’s Sauvage since it launched in 2015. Bernard Arnault, the... https://www.scmp.com/magazines/style/celebrity/article/3220567/johnny-depp-just-signed-biggest-mens-fragrance-deal-ever-face-dior-sauvage-3-more-years-will-take?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3220567/johnny-depp-just-signed-biggest-mens-fragrance-deal-ever-face-dior-sauvage-3-more-years-will-take?utm_source=rss_feed Mon, 15 May 2023 04:46:19 +0000 When it comes to the world of luxury goods, perhaps no one is more successful than Bernard Arnault. Arnault, the 74-year-old chairman of LVMH, has built his fortune over the span of almost four decades, amassing a luxury-goods empire that includes some of the best-known names in fashion, jewellery and alcohol, including Louis Vuitton, Tag Heuer and Dom Pérignon. The French businessman owns a 97.5 per cent stake in Christian Dior, which controls 41.4 per cent of LVMH. Along the way, Arnault has... https://www.scmp.com/magazines/style/celebrity/article/3218585/inside-rise-bernard-arnault-worlds-richest-man-lvmh-billionaire-owns-luxury-brands-louis-vuitton-and?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3218585/inside-rise-bernard-arnault-worlds-richest-man-lvmh-billionaire-owns-luxury-brands-louis-vuitton-and?utm_source=rss_feed Thu, 27 Apr 2023 16:10:12 +0000 LVMH’s market value surpassed US$500 billion, becoming the first European company to reach that milestone thanks to booming sales of luxury goods in China and a strengthening euro. The achievement comes less than two weeks after LVMH joined the ranks of the world’s 10 biggest companies, powered by a surge in first-quarter sales. Rival Hermès International S.A. subsequently published its own strong numbers, reinforcing the view that China’s reopening from pandemic lockdowns is fuelling growth... https://www.scmp.com/magazines/style/luxury/article/3218420/how-did-lvmhs-market-value-exceed-us500-billion-bernard-arnault-built-french-luxury-company-global?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3218420/how-did-lvmhs-market-value-exceed-us500-billion-bernard-arnault-built-french-luxury-company-global?utm_source=rss_feed Wed, 26 Apr 2023 08:20:26 +0000 Bernard Arnault is the billionaire behind LVMH – and was recently crowned the world’s richest man. He has five children who all work for different areas of the company, and he apparently communicates closely with them when it comes to business matters. He reportedly hosts a monthly private lunch with his five children to discuss strategy, per WSJ. The CEO of luxury behemoth LVMH reportedly holds the monthly lunch at the private dining room in the company’s global headquarters in Paris. The... https://www.scmp.com/magazines/style/celebrity/article/3217887/inside-bernard-arnaults-private-work-lunches-his-5-kids-why-worlds-richest-man-and-billionaire-ceo?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3217887/inside-bernard-arnaults-private-work-lunches-his-5-kids-why-worlds-richest-man-and-billionaire-ceo?utm_source=rss_feed Sun, 23 Apr 2023 04:00:11 +0000 When news broke last year that Bernard Arnault, the brains behind luxury powerhouse LVMH, had taken over Elon Musk as the richest person on the planet, the internet was taken by storm. Musk had previously held the top global position for over a year until his net worth dropped due to Tesla shares going down as a result of his pricey US$44 billion Twitter buy-out deal. While it’s important to remember that wealth can fluctuate at any given moment, Forbes’ recently released “Richest People in... https://www.scmp.com/magazines/style/entertainment/article/3217575/move-over-elon-musk-whos-richest-billionaire-2023-bernard-arnault-takes-first-place-lvmh-amazons?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3217575/move-over-elon-musk-whos-richest-billionaire-2023-bernard-arnault-takes-first-place-lvmh-amazons?utm_source=rss_feed Wed, 19 Apr 2023 10:00:21 +0000 Michael Burke, the former chief executive officer of Louis Vuitton, has emerged as a front runner to become chairman and CEO of the LVMH Fashion Group, the online fashion publication Miss Tweed reported, citing people close to the French luxury giant. LVMH Fashion Group includes brands such as Celine, Kenzo and Loewe. Burke would take over from Sidney Toledano, who would become an adviser to LVMH CEO Bernard Arnault and continue to manage a few of the group’s brands, including Moynat, according... https://www.scmp.com/magazines/style/luxury/article/3217302/former-louis-vuitton-ceo-emerges-front-runner-head-lvmh-new-report-states-michael-burke-set-lead?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3217302/former-louis-vuitton-ceo-emerges-front-runner-head-lvmh-new-report-states-michael-burke-set-lead?utm_source=rss_feed Tue, 18 Apr 2023 02:01:04 +0000 There are Hollywood nepo babies ... and then there are billionaire nepo babies. LVMH boss Bernard Arnault, the world’s richest person, just saw his wealth surpass US$200 billion. His family seem to be joining in on the ride as each kid has already secured a high-up position in the company. Bernard has five children working under the LVMH umbrella. Delphine became CEO of Dior in January, while Frédéric was named CEO of Tag Heuer aged just 25. Here’s what to know about the world’s current richest... https://www.scmp.com/magazines/style/celebrity/article/3217026/meet-lvmh-boss-bernard-arnaults-5-nepo-baby-kids-fashion-worlds-richest-person-now-worth-over-us200?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3217026/meet-lvmh-boss-bernard-arnaults-5-nepo-baby-kids-fashion-worlds-richest-person-now-worth-over-us200?utm_source=rss_feed Fri, 14 Apr 2023 17:00:22 +0000 Bernard Arnault – the CEO and co-founder of luxury goods conglomerate LVMH Moët Hennessy Vuitton and the richest person in the world – has reached another milestone on his wealth journey. Arnault’s net worth climbed over the US$200 billion mark on Tuesday, making him the third person ever – after Tesla CEO Elon Musk and Amazon founder Jeff Bezos – to attain that level of wealth, according to the Bloomberg Billionaires Index. Arnault is also the first person outside the US to surpass a net worth... https://www.scmp.com/magazines/style/news-trends/article/3216177/lvmh-boss-bernard-arnault-just-reached-new-levels-wealth-after-elon-musk-and-jeff-bezos-hes-now?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3216177/lvmh-boss-bernard-arnault-just-reached-new-levels-wealth-after-elon-musk-and-jeff-bezos-hes-now?utm_source=rss_feed Thu, 06 Apr 2023 08:42:35 +0000 Forbes recently released its list of the world’s 10 richest people, with Bernard Arnault, Elon Musk and Jeff Bezos ranking as the top three, boasting net worths of US$225.9 billion, US$202.4 billion and US$126.4 billion, respectively. With such large fortunes at their disposal, they can afford to buy the most expensive personal items the world has to offer – and that includes watches, of course. While the seven men on this list indeed opt for premium watchmakers, their choices may surprise you.... https://www.scmp.com/magazines/style/luxury/article/3215841/most-expensive-watches-worlds-7-richest-billionaires-ranked-warren-buffetts-rolex-and-elon-musks?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3215841/most-expensive-watches-worlds-7-richest-billionaires-ranked-warren-buffetts-rolex-and-elon-musks?utm_source=rss_feed Mon, 03 Apr 2023 16:05:14 +0000 There’s long been a fascination with celebrity children. For starters, everyone wants to know whether they’ll grow up to look like their famous parents, or which of their parents’ footsteps they’ll follow in … Love them or hate them for being the offspring of the rich and famous, they’ll always have a place at the heart of celebrity culture – and the truth is that plenty of them have the option to get a leg up in the industry when they’re ready. Anna and her three beautiful nieces, Jeannie Sui... https://www.scmp.com/magazines/style/entertainment/article/3213886/12-and-coming-nepotism-babies-2023-michael-jacksons-nephew-jaafar-and-gwyneth-paltrows-daughter?utm_source=rss_feed https://www.scmp.com/magazines/style/entertainment/article/3213886/12-and-coming-nepotism-babies-2023-michael-jacksons-nephew-jaafar-and-gwyneth-paltrows-daughter?utm_source=rss_feed Fri, 17 Mar 2023 16:10:11 +0000 The world’s top luxury group LVMH said on January 26 that its sales and net profit both hit new heights last year, driven by strong demand in Europe, the United States and Japan. Sales soared 23 per cent to US$86 billion (79 billion euros) and net profit jumped 17 per cent to US$15 billion (14 billion euros) for 2022 – both new records for the group, whose brands include Bulgari, Givenchy, Louis Vuitton and Tag Heuer. “Europe, the United States and Japan rose sharply, benefiting from strong... https://www.scmp.com/magazines/style/luxury/article/3208454/luxury-giant-lvmh-reveals-record-sales-and-profit-highs-2022-international-travel-and-strong-local?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3208454/luxury-giant-lvmh-reveals-record-sales-and-profit-highs-2022-international-travel-and-strong-local?utm_source=rss_feed Mon, 30 Jan 2023 07:50:54 +0000 Parents often want only the very best for their kids. So it’s not uncommon to hear that billionaire kids are groomed from an early age to eventually succeed an empire started by their parents or close family members. Delphine Arnault is certainly no exception. On January 11, it was announced that the eldest child of LVMH head Bernard Arnault would be taking over the top job at the conglomerate’s second biggest brand, Christian Dior. But who is the daughter of the world’s richest man, who has... https://www.scmp.com/magazines/style/celebrity/article/3206572/who-delphine-arnault-diors-new-ceo-and-worlds-richest-man-bernard-arnaults-eldest-daughter-lvmh?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3206572/who-delphine-arnault-diors-new-ceo-and-worlds-richest-man-bernard-arnaults-eldest-daughter-lvmh?utm_source=rss_feed Thu, 12 Jan 2023 16:10:12 +0000 The world’s richest man, Bernard Arnault, has appointed his daughter Delphine chief executive of run Dior, LVMH’s second-biggest brand, as the 73-year-old billionaire continues to elevate his children to key posts in his luxury empire. The move comes after Antoine Arnault, his eldest son, was recently given a wider role within the business, replacing Sidney Toledano as chief executive and vice-chairman of Christian Dior, the holding company through which the family controls the LVMH Moet... https://www.scmp.com/lifestyle/fashion-beauty/article/3206432/lvmhs-bernard-arnault-worlds-richest-man-gives-daughter-dior-run-and-promotes-its-chief-executive?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3206432/lvmhs-bernard-arnault-worlds-richest-man-gives-daughter-dior-run-and-promotes-its-chief-executive?utm_source=rss_feed Wed, 11 Jan 2023 10:26:34 +0000 Billionaire Bernard Arnault elevated his eldest son, Antoine, to a broader role within the world’s largest luxury conglomerate in a move that will spark fresh speculation about succession at LVMH. Antoine Arnault, 45, is replacing Sidney Toledano, 71, as chief executive officer and vice-chairman of Christian Dior SE, the holding company through which the family controls LVMH. Here’s what you need to know … Europe’s most valuable company The move gives Antoine an increasingly prominent role... https://www.scmp.com/magazines/style/luxury/article/3202967/will-bernard-arnaults-son-antoine-succeed-his-dad-lvmh-billionaire-heir-replaces-christian-dior-se?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3202967/will-bernard-arnaults-son-antoine-succeed-his-dad-lvmh-billionaire-heir-replaces-christian-dior-se?utm_source=rss_feed Mon, 12 Dec 2022 07:12:35 +0000 American programmer Jack Sweeney has created a myriad of Twitter accounts that track private jets, like Elon Musk’s. To dodge Sweeney and other trackers, many celebrities have signed up for free federal programmes that help them fly incognito. The programmes are not foolproof, and some high-profile people have ditched private jet ownership altogether. Celebrities like Elon Musk and Mark Zuckerberg are struggling to shake Twitter accounts that follow their private jets’ every move. So, how does... https://www.scmp.com/magazines/style/celebrity/article/3198461/how-elon-musk-and-donald-trump-dodge-jet-trackers-twitter-flying-incognito-does-it-work-lvmh-boss?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3198461/how-elon-musk-and-donald-trump-dodge-jet-trackers-twitter-flying-incognito-does-it-work-lvmh-boss?utm_source=rss_feed Fri, 04 Nov 2022 17:00:16 +0000 The world’s second-richest man has had enough of the Twitterverse tracking his every move in his private plane. Bernard Arnault’s luxury-goods company LVMH Moët Hennessy Louis Vuitton sold its private jet, he said on October 17 on French radio station Radio Classique. Accounts such as I Fly Bernard and Bernard’s Airplane sprang up on Twitter to track the planes of French billionaires and to point out the pollution they cause. The subject became a hot topic in France over the summer, with some... https://www.scmp.com/lifestyle/fashion-beauty/article/3196316/worlds-second-richest-man-bernard-arnault-sells-private-jet-so-twitter-cant-track-him-and-says-now?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3196316/worlds-second-richest-man-bernard-arnault-sells-private-jet-so-twitter-cant-track-him-and-says-now?utm_source=rss_feed Tue, 18 Oct 2022 03:15:11 +0000 Richemont, the maker of Cartier jewellery, said shareholders should vote against the appointment of Francesco Trapani to the board because he is too closely associated with arch-rival LVMH. In a ratcheting up of the battle between the luxury group and activist investor Bluebell Capital Partners Ltd., which proposed the appointment, Richemont said Trapani is an “inappropriate candidate” and his election is not in the interest of the company. Richemont chairman Johann Rupert controls the... https://www.scmp.com/magazines/style/news-trends/article/3189094/who-cartier-owner-richemonts-controversial-would-be?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3189094/who-cartier-owner-richemonts-controversial-would-be?utm_source=rss_feed Tue, 16 Aug 2022 09:54:40 +0000 When it comes to the world of luxury goods, no one is more successful than Bernard Arnault. Arnault, the 72-year-old CEO of French luxury conglomerate LVMH Moët Hennessy Louis Vuitton, has built his fortune over the span of almost four decades, amassing an empire that includes some of the best-known names in fashion, jewellery and alcohol, including Louis Vuitton, Tag Heuer and Dom Pérignon. Along the way, Arnault has brought his five adult children into the fold, building a family-run business... https://www.scmp.com/lifestyle/fashion-beauty/article/3187796/only-elon-musk-and-jeff-bezos-are-richer-bernard-arnault?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3187796/only-elon-musk-and-jeff-bezos-are-richer-bernard-arnault?utm_source=rss_feed Sat, 06 Aug 2022 11:15:18 +0000 French businessman Antoine Arnault is the eldest son of LVMH CEO and chairman Bernard Arnault. He came on board the world’s No 1 luxury group in his 20s, eventually taking charge of the empire’s communication and image – their galaxy of brands include Dior, Marc Jacobs, Fendi and Louis Vuitton. While Antoine’s 73-year-old billionaire dad could extend his reign at LVMH until he turns 80, the luxury tycoon will still eventually have to name a successor. So is Antoine the most worthy heir to his... https://www.scmp.com/magazines/style/luxury/article/3186879/meet-antoine-arnault-billionaire-bernard-arnaults-eldest-son?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3186879/meet-antoine-arnault-billionaire-bernard-arnaults-eldest-son?utm_source=rss_feed Thu, 28 Jul 2022 08:00:19 +0000 The Arnaults are the world’s first family when it comes to luxury goods. Headed by Bernard Arnault – aka Europe’s wealthiest man – the family have created an impressive empire out of the merger that is LVMH Moët Hennessy Louis Vuitton. As time passes, whispers about who will replace Bernard have grown louder, made worse by the fact that the family refuse to address the topic in public. One of those in the running, Bernard’s third son Frédéric, has been making a name for himself thanks to his... https://www.scmp.com/magazines/style/celebrity/article/3186242/meet-frederic-arnault-tag-heuer-ceo-vying-run-lvmh?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3186242/meet-frederic-arnault-tag-heuer-ceo-vying-run-lvmh?utm_source=rss_feed Sat, 23 Jul 2022 08:00:24 +0000 Jean Arnault is far from the average 23-year-old. For starters, he is the fifth and youngest child of Europe’s richest man, Bernard Arnault. Jean also doesn’t have a regular job since his family owns the world’s largest luxury conglomerate, LVMH Moët Hennessy Louis Vuitton. He might even run the empire himself someday. This budding French heir may only have got his foot in the LVMH door recently, but he’s already proving a force to be reckoned with. Here are five things to know about him. He... https://www.scmp.com/magazines/style/celebrity/article/3185933/meet-jean-arnault-bernard-arnaults-youngest-lvmh-heir-mit?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3185933/meet-jean-arnault-bernard-arnaults-youngest-lvmh-heir-mit?utm_source=rss_feed Thu, 21 Jul 2022 08:00:10 +0000 If post-Covid “revenge travel” is a thing – as seen in the huge number of people who have taken to the skies in Europe and the United States this summer – French brand Dior has embraced it with gusto. In the past three months, the fashion label has ferried guests to large-scale runway shows in Seoul, South Korea, not long after the country reopened its borders to international travellers; Los Angeles, California, where it held a men’s runway presentation on Venice Beach; Seville, Spain, where it... https://www.scmp.com/lifestyle/fashion-beauty/article/3185021/dior-ceo-new-paris-store-lvmh-head-bernard-arnault-and-why?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3185021/dior-ceo-new-paris-store-lvmh-head-bernard-arnault-and-why?utm_source=rss_feed Fri, 15 Jul 2022 09:15:23 +0000 Europe’s richest man Bernard Arnault oversees the LVMH empire, but he also luckily gets by with the help of his five kids, who have their own corners in the world’s biggest luxury conglomerate. Among his equally competent offspring is Alexandre Arnault – his third child and his first with his second wife, concert pianist Hélène Mercier-Arnault. Alexandre has already made a mark as a young chief executive of the high-end luggage brand Rimowa. Since 2021, he’s taken up a new challenge at the... https://www.scmp.com/magazines/style/celebrity/article/3185018/meet-alexandre-arnault-hunky-son-lvmh-billionaire-bernard?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3185018/meet-alexandre-arnault-hunky-son-lvmh-billionaire-bernard?utm_source=rss_feed Tue, 12 Jul 2022 16:05:13 +0000 When it comes to embracing technology, luxury fashion brands are usually the last in line. It’s often to their own detriment – case in point, their initial unwillingness to sell online. To say that they like to do things the old-fashioned way is an understatement, which is why their obsession with NFTs, or non-fungible tokens, is so perplexing. NFT is the latest buzzword across multiple industries, from film and finance to art and design. This time around fashion is no exception. The numbers,... https://www.scmp.com/magazines/post-magazine/article/3169378/luxury-fashion-has-no-business-issuing-nfts-lvmhs-bernard?utm_source=rss_feed https://www.scmp.com/magazines/post-magazine/article/3169378/luxury-fashion-has-no-business-issuing-nfts-lvmhs-bernard?utm_source=rss_feed Sun, 06 Mar 2022 20:15:14 +0000 For weeks, Alexandre Arnault, the CEO of the premium luggage brand Rimowa, was hyping up the company’s ski-themed holiday party. Held in December 2019 in Paris, the celebration would be at a ritzy venue overlooking the hilltop district of Montmartre. Employees would compete in games to win Rimowa suitcases as prizes. A former IT employee said the boss urged everyone to go “in their best outfits”. On the day of the party, transport workers were on strike in the city, leaving many employees to... https://www.scmp.com/lifestyle/fashion-beauty/article/3141100/will-alexandre-arnault-succeed-bernard-arnault-lvmh-worlds?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3141100/will-alexandre-arnault-succeed-bernard-arnault-lvmh-worlds?utm_source=rss_feed Fri, 16 Jul 2021 06:15:11 +0000 Kicking off 2021 with some big luxury news, LVMH chairman Bernard Arnault named his second son, Alexandre, as executive vice-president of product and communications at Tiffany & Co – the iconic New York jeweller finally bought by the French conglomerate at the end of last year following a protracted acquisition process. Formerly one of the youngest luxury CEOs in the industry, we’ve watched Alexandre enhance the profile of Rimowa in terms of sales, branding and visuals. While travel has been on... https://www.scmp.com/magazines/style/luxury/article/3119803/lvmh-boss-bernard-arnaults-son-alexandre-now-heads-tiffany?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3119803/lvmh-boss-bernard-arnaults-son-alexandre-now-heads-tiffany?utm_source=rss_feed Sun, 31 Jan 2021 01:00:22 +0000 A top executive at Louis Vuitton and one of Bernard Arnault’s sons are set to take over management of Tiffany & Co. after the biggest acquisition in the luxury industry by LVMH. Anthony Ledru will become chief executive officer with Alexandre Arnault being responsible for products and communications inside the brand, the company announced on January 7. Ledru leads global commercial activities at Louis Vuitton, and Alexandre is currently in charge of LVMH-owned suitcase maker Rimowa. Louis... https://www.scmp.com/magazines/style/luxury/article/3117162/new-tiffany-co-officially-go-louis-vuitton-manager-anthony?utm_source=rss_feed https://www.scmp.com/magazines/style/luxury/article/3117162/new-tiffany-co-officially-go-louis-vuitton-manager-anthony?utm_source=rss_feed Mon, 11 Jan 2021 02:30:49 +0000 Elon Musk’s net worth recently skyrocketed past the US$74 billion mark, making him the fifth richest person in the world, according to Forbes.  As of Monday afternoon, Elon Musk's net worth surpassed $74 billion—meaning he is now the fifth-richest person on the planet https://t.co/hriBMXf8fJ pic.twitter.com/7184vgJgtX — Forbes (@Forbes) July 21, 2020 In mid-March, Musk was worth almost US$25 billion and was ranked the 31st-richest person by Forbes. Since then, his net worth has nearly tripled,... https://www.scmp.com/magazines/style/celebrity/article/3095020/elon-musk-now-5th-wealthiest-person-world-behind-jeff?utm_source=rss_feed https://www.scmp.com/magazines/style/celebrity/article/3095020/elon-musk-now-5th-wealthiest-person-world-behind-jeff?utm_source=rss_feed Tue, 28 Jul 2020 19:00:18 +0000 At this volatile time, with the world wracked by the Covid-19 pandemic, some of the world’s wealthiest men and women are losing billions. As they say on Project Runway, one day you’re in, and one day you are out. CEO of luxury brand LVMH, Bernard Arnault, is one example. His net worth has plunged by US$30 billion, dethroning him after his only-recent crowning as the world’s richest man and dropping him back to third. Arnault is not alone. In recent times, several Chinese billionaires – from a... https://www.scmp.com/magazines/style/news-trends/article/3087418/lvmhs-bernard-arnault-isnt-only-billionaire-have?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3087418/lvmhs-bernard-arnault-isnt-only-billionaire-have?utm_source=rss_feed Thu, 04 Jun 2020 02:00:13 +0000 In his ninth-floor office on Paris’s Avenue Montaigne, Europe’s wealthiest man, Bernard Arnault, is spending long hours plotting a post-virus future for his luxury goods empire, LVMH. At 71, the billionaire has lived through several crises, but none quite like this one, with his armada of more than 70 brands – from Dior to Fendi – hit from all sides. Arnault’s wealth has plunged. With LVMH shares down 19 per cent this year, his net worth has shrunk by more than US$30 billion – meaning he has... https://www.scmp.com/lifestyle/fashion-beauty/article/3083520/lvmh-owner-has-lost-much-jeff-bezos-has-gained-us30?utm_source=rss_feed https://www.scmp.com/lifestyle/fashion-beauty/article/3083520/lvmh-owner-has-lost-much-jeff-bezos-has-gained-us30?utm_source=rss_feed Sun, 10 May 2020 21:15:10 +0000 Mukesh Ambani has lost his long-held title as Asia’s richest man to Jack Ma. With a net worth of US$43.4 billion, as on the day of writing, Mukesh Ambani is placed in 19th position on Bloomberg Billionaires Index, a daily ranking of the richest people, preceded by Jack Ma with a net worth of US$44.6 billion. After oil prices collapsed along with global stocks, Indian energy tycoon Ambani is no longer Asia’s richest man, relinquishing the title to Chinese e-commerce entrepreneur Ma. How much did... https://www.scmp.com/magazines/style/news-trends/article/3075755/how-coronavirus-crash-reshuffled-rich-list-mukesh?utm_source=rss_feed https://www.scmp.com/magazines/style/news-trends/article/3075755/how-coronavirus-crash-reshuffled-rich-list-mukesh?utm_source=rss_feed Wed, 18 Mar 2020 10:00:07 +0000