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LVMH CEO Bernard Arnault’s family office goes shopping for AI startups
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 A version of this article first appeared in CNBC’s Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign up to receive future editions, […]
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LVMH puts mark on Olympics as luxury brands embrace sports
The 2024 Paris Olympic Games medals are displayed inside a custom-designed trunk manufactured by Louis Vuitton, an LVMH brand partner of the Paris Olympic and Paralympic Games, during a gathering at LVMH in Paris on July 22, 2024, ahead of the start of the 2024 Paris Olympic Games. Stephane De Sakutin | AFP | Getty […]
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LVMH CEO Bernard Arnault says Olympics sponsorship honors the spirit of France
For the first time a luxury brand is an Olympic sponsor. And it’s not just one brand, it’s the empire of LVMH. “We tried to find a way with the Olympic Committee – to be able to show maybe something that has never been done before with the Olympics,” LVMH Chairman and CEO Bernard Arnault […]
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European stocks head for mixed open as selloff eases; U.S. inflation data due
Traders work on the floor of the New York Stock Exchange as a picture of Vice President Kamala Harris is displayed on a television screen, on July 22, 2024. Spencer Platt | Getty Images LONDON — European markets are heading for a mixed open Friday, as a global stock selloff eases and investors await U.S. […]
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Rich Chinese travelers are flocking to Tokyo to take advantage of the weak yen
Chuo Ward, Tokyo, Japan – February 23, 2018; Top luxury shopping streets with multi colored neon signs. Ginza avenues are lined with shops of expensive brands and restaurants in the heart of Tokyo. It is half past five p.m. on Friday. People flock to Ginza for shopping, dinner and drinking with their friends. Ginza became […]
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The five secrets to Ferrari’s success as a luxury brand
In the world of luxury, Hermès is arguably the gold standard. Its sales are growing double digits even as other luxury companies post declines or dramatically slower growth. Wealthy customers lucky enough to be anointed as Birkin-bag worthy can purchase a Birkin 25 for about $11,000 and flip it the same day for more than $23,000. […]
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Hongkong Land options $1 billion luxury retail locations in monetary hub
Hongkong Land declared a a lot more than $1 billion, a few-yr expense in ultra-luxurious retail in the heart of the city’s monetary district on Wednesday. Nurphoto | Nurphoto | Getty Pictures Hongkong Land introduced a extra than $1 billion, three-yr financial investment in ultra-luxurious retail in the coronary heart of the city’s economic district on […]
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French stocks experience even worse to occur from political chance, Goldman strategists say
French shares are likely to take a additional beating from political possibility in the weeks and months forward, but the influence will be centered in specific areas, according to strategists at Goldman Sachs. Blue-chip stocks on Paris’s CAC 40 index past 7 days logged their worst effectiveness considering the fact that March 2022, tumbling additional […]
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Alibaba bets on AI to gas cloud growth as it expands globally to catch up with U.S. tech giants
Alibaba Workplaces In Beijing Bloomberg | Bloomberg | Getty Photos Alibaba on Thursday claimed it expanded its world-wide cloud computing availability, even though the head of the unit’s worldwide arm touted the company’s AI merchandise as a way to fuel advancement. The Chinese technological innovation large stated it has expanded the availability zone of its […]
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Wegovy maker Novo Nordisk down 4%, heads for worst day considering the fact that Oct
Shares of Danish pharmaceutical giant Novo Nordisk slid 4% on Friday, extending a 2.7% decline on Thursday as analysts pored about the facts of the firm’s first-quarter final results and monitored a opportunity rival body weight reduction procedure. It puts the stock on observe for its sharpest everyday drop considering the fact that Oct 2023, in accordance to […]
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