bernard-arnault

LVMH Chief Bernard Arnault Is France’s Richest Man

LVMH CEO Bernard Arnault, the man behind some of the world’s top luxury labels, has been officially named France’s richest man. Arnault’s fortune is estimated at 22.7 billion euros, ($28.6 billion) following a 55% increase in his net worth weekly magazine Challenges reported. Arnault took over the top slot from Gerard Mulliez and family, the [...]

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Luxury market rebounding

The luxury goods market is rebounding from the slump caused by the global recession, but analysts say upscale sellers will be facing a hard slog due to changing demographics and lingering consumer caution. Global luxury goods industry sales are expected to grow four percent in 2010 to 158 billion euros (195 billion dollars) after a [...]

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Top 10 Posts – Week In Review: April 5-12

In case you missed them the first time around, here are some of LUXUO’s top posts for the week of April 5-12. 1 – Louis Vuitton Parent LVMH to Launch Luxury Hotels Luxury goods giant LVMH Moet Hennessy Louis Vuitton Thursday said it is creating a high-end hotel management business that will be branded Cheval [...]

samaritaine-paris

LVMH Chooses SANAA for La Samaritaine Project

Japanese architecture firm Sanaa, winners of the prestigious Pritzker prize, will plan the conversion of iconic Parisian department store La Samaritaine to other uses, owners LVMH said in a statement. The firm, founded by Kazuyo Sejima and Ryue Nishizawa, is to present plans by the end of the year for converting the art deco building [...]

hotel-cheval-blanc-courchevel

LVMH To Launch Luxury Hotels

Ultra-luxury hoteliers can expect new competition from French luxury goods company LVMH Moet Hennessy Louis Vuitton, the Wall Street Journal reports. LVMH also said it created LVMH Hotel Management to “oversee the group’s activities in the luxury hotel sector” and to “maximise the value of its brands,”. Two new hotels, named Cheval Blanc after LVMH’s [...]

nowness

eLuxury relaunches February 25

Former online shopping portal eLuxury, which closed last year, has been transformed into a web magazine called Nowness, officially launching Feb 25. According to the site’s owner, French luxe conglomerate LVMH, Nowness will be covering the fields of fashion, art, design, culture, travel, beauty, food and wine, music, and entertainment. In the run-up to its [...]

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