These luxury stocks won’t lose their luster even as sales growth slows
The binge on designer brands is over. After three years of record growth, luxury companies are feeling the pain as sales slow to a more normal pace. On Friday, an…
Investors shrugged off a hawkish Fed and hot PPI
Jerome Powell, chairman of the US Federal Reserve, during a roundtable event in York, Pennsylvania, US, on Monday, Oct. 2, 2023. Ryan Collerd | Bloomberg | Getty Images This report…
Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations
World’s top luxury group LVMH head Bernard Arnault presents the group’s annual results 2022 in Paris on January 26, 2023. Stefano Rellandini | AFP | Getty Images Billionaire LVMH CEO…
LVMH boss Bernard Arnault under investigation in Paris over Oligarch transactions
Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, attends a news conference to present the 2022 annual results of LVMH in Paris, France, January 26, 2023. Gonzalo…
Birkenstock IPO filing warns of knock-offs on Facebook
Miami, Florida, Coral Gables Shops at Merrick Park, Nordstrom Department Store retail display of Birkenstock sandals. Jeff Greenberg | Universal Images Group | Getty Images Birkenstock, the iconic sandal maker…
Ozempic-maker Novo Nordisk briefly becomes Europe’s most valuable firm
Denmark’s Novo Nordisk on Friday briefly overtook French luxury goods behemoth LVMH to become Europe’s most valuable company as investors bet on the potential of its weight loss drugs. Novo…
Consumer spending in China bounced back in August, survey finds
Larger-than-life roses are on display in Nanjing, Jiangsu province of China, on Aug. 21, 2023, one day before the Qixi Festival. Vcg | Visual China Group | Getty Images BEIJING…
Obesity drug Wegovy’s trial result could ‘open up’ health insurance access
A selection of injector pens for the Wegovy weight loss drug are shown in this photo illustration in Chicago, Illinois, March 31, 2023. Jim Vondruska | Reuters LONDON — Popular…
Tesla’s market cap is tied to solving autonomous driving
Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023. Chesnot…
How luxury giant LVMH built a recession-proof empire
Luxury giant LVMH Moët Hennessy Louis Vuitton, more commonly known as LVMH, has grown into a $500 billion powerhouse conglomerate of 75 distinguished brands, or “maisons,” rooted in six different…