LVMH

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Sick of Twitter Stalking, World's 2nd-Richest Man Dumps Private Jet

Bernard Arnault was tired of being tracked by Twitter accounts

(Newser) - File under "Problems of the 1%": LVMH chief executive Bernard Arnault, one of the world's richest men, is now renting private jets instead of using a company jet because he is fed up with having his movements tracked by Twitter accounts. "The group had a plane and...

Cartier Suit: Tiffany Lured Employee, Stole Trade Secrets

Company says rival wanted to mine her for confidential info

(Newser) - Two luxury jewelry makers are now duking it out in the legal arena. Per Reuters , Cartier on Monday filed suit against rival Tiffany & Co., alleging the latter company lured an unqualified junior-level staffer away in a bid to obtain trade secrets on Cartier's "High Jewellry" collection , with...

Tiffany Includes Men in Ring Tradition

Market has been one-sided since the store sold its first women's engagement ring in 1886

(Newser) - Tiffany & Co., which has been selling diamond engagement rings since the 19th century, has decided to try to reach an untapped market segment: men. The jeweler is debuting its Charles Tiffany Setting, named after the founder of the company: solitaire men's rings with sizable round-brilliant and emerald-cut diamonds...

Louis Vuitton Owner to Get Hand Sanitizers Flowing

LVMH will use its perfume production lines to help supply gels during coronavirus outbreak

(Newser) - It's difficult to find hand sanitizer during the novel coronavirus outbreak, but France may soon see some relief thanks to a major luxury-goods maker. The BBC reports that LVMH—owner of the Louis Vuitton, Givenchy, Tiffany, and Christian Dior lines, among others—will "use the production lines of...

This Is Luxury Industry's Biggest Deal Ever

French giant LVMH is paying $16.7B for US firm Tiffany

(Newser) - French luxury giant LVMH Moet Hennessy Louis Vuitton said Monday it has reached a deal to buy US-based jewelry legend Tiffany & Co. for $16.2 billion. LVMH said in a statement that the deal values the 180-year old Tiffany and its 300 boutiques worldwide at $135 a share. The...

Meet the World's Richest Female Musician and Her $600M

That would be Rihanna, per 'Forbes'

(Newser) - The world's richest female musician has a net worth of $600 million—and it's mainly not from her music. Forbes has bestowed the honor upon Rihanna, noting that the bulk of her fortune (about $570 million of it) comes from the Fenty Beauty cosmetics line she co-owns with...

Rihanna's Fashion First: Her Own Label at LVMH

Singer to launch a luxury line, Fenty, this spring

(Newser) - Rihanna is entering a new field with "no artistic limits." In a few weeks, the singer will unveil the first products of her new Fenty label. That will make her the first woman to create an original brand for LVMH, the BBC reports, and the first woman of...

Luxury Biz Booms Thanks to World's Nouveau Riche

Brazil, Indonesia, China fuel surge for high-end goods

(Newser) - The world economy may be troubled, even in crisis in many areas, but don't tell that to the rich—luxury goods had a great 2011, thanks to all the new millionaires and billionaires, especially from the developing world, reports the Wall Street Journal . Sales at Prada were up 33....

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