French billionaire Bernard Arnault's fortune falls to $132 billion as LVMH sales slip
LVMH chairman Bernard Arnault's fortune keeps shrinking after a drop in Louis Vuitton and Dior sales in China sent the luxury giant's shares lower again.
LVMH
Billionaire Jay-Z's firm nears deal to buy LVMH's half of Rihanna's Fenty Beauty
MarcyPen Capital Partners, co-founded by Jay-Z, could sign a deal within weeks to buy LVMH's 50% stake in Rihanna's Fenty Beauty,
Billionaire Bernard Arnault has lost $65bn this year, more than anyone
Bernard Arnault's fortune has fallen by $65 billion since January, the steepest decline among the world's 500 wealthiest. LVMH shares trade at less than half their 2023 level, and for the first time since 2012 every one of the ten richest people is American.
Rihanna could soon share Fenty Beauty with Jay-Z as his firm moves to buy out LVMH's $1 billion stake
Jay-Z's MarcyPen Capital Partners is actively pursuing LVMH's 50% stake in Rihanna's Fenty Beauty in a deal that could value the brand at up to $2 billion.
LVMH looks to sell its stake in Rihanna's Fenty Beauty for about $2 billion
LVMH is exploring the sale of its 50% stake in Rihanna's Fenty Beauty, valued by JPMorgan at up to $2.5 billion, as the luxury group resets its portfolio amid falling demand.
Richemont, LVMH and luxury giants take hit as U.S.-Israel strikes on Iran rattle markets and shut Gulf stores
Luxury stocks from Richemont to LVMH tumbled Monday after U.S.-Israel strikes on Iran shut stores and triggered a sell-off across global markets.
Rihanna’s $34.8 million fashion loss highlights the high cost of luxury bets
Rihanna lost $34.8 million from her Fenty fashion line with LVMH, which also lost $34.9 million before shutting down the label.
Bernard Arnault’s LVMH sets sights on South African billionaire Johann Rupert’s Richemont
Richemont ranks as the fourth-largest luxury company globally.
African-American billionaire Shawn ‘Jay-Z’ Carter gains over $300 million since LVMH deal in 2021
Jay Z’s assets include Roc Nation, stakes in Armand de Brignac and D’Usse cognac, and a fine art collection.