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(Bloomberg) — A longstanding mystery surrounding the wealth of an octogenarian heir to the Hermès luxury fortune just got even murkier. In a lawsuit filed last month in Washington, D.C., Honor America ...
(Bloomberg) — A longstanding mystery surrounding the wealth of an octogenarian heir to the Hermès luxury fortune just got even murkier. In a lawsuit filed last month in Washington, D.C., Honor ...
Sokolova pointed to LVMH’s larger exposure to the lower end of the luxury spectrum, whereas the wealthier client base of Hermes allowed it to better weather an industry downturn. Hermès ...
After reporting Q1 2025 sales below analysts’ expectations on Thursday, Hermès announced plans to raise the prices on all products sold in the United States to counteract the weight of ...
More than $9 billion was wiped from French billionaire Bernard Arnault’s fortune Tuesday morning after shares of his luxury goods conglomerate LVMH slumped by more than 7% following an ...
Gen Z is obsessed with the Hermès Birkin thanks to viral TikTok posts promising higher returns from the luxury handbag than ...
PARIS — As the business world adjusts to the Trump administration’s tariffs, Hermès International has followed through with the price increases promised during its most recent round of ...
Hermès has announced that it will continue to boost handbag production as its sales outperform those of its competitors, especially LVMH’s portfolio, including Louis Vuitton, Loewe, and Dior.
LVMH ceded its title as the world’s most valuable luxury company on Tuesday, as its market capitalization dropped below rival Hermes. The market capitalization of LVMH, known for brands like ...
Hermes has leapfrogged LVMH to become the world ... The slump has wiped £10billion off Arnault’s fortune – though he remains France’s richest man with £125billion to his name.
LVMH lost its position on Tuesday as Europe’s largest luxury company in terms of market capitalization after being overtaken by rival Hermès due to investor pessimism after disappointing first ...