Representative Image Paris: Luxury giant LVMH saw sales fall two percent to 20.3 billion euros ($23 billion) in the first quarter of 2025 as US President Donald Trump’s tariffs shook the global economy, the company said on Monday. The producer of Louis Vuitton bags and Dom Perignon champagne, owned by Europe’s richest man Bernard Arnault,…
Bulgari, or Bvlgari, the Italian maker of luxury jewellery, watches, fragrances, accessories, and leather goods, is looking at India to make up for falling demand in China. Bulgari is expanding its footprint in India to take advantage of strong growth and favorable demographics, Bulgari chief executive officer Jean Christophe Babin said in an interview with…
Representative image The wealth of France’s luxury and cosmetics titans swelled to unprecedented heights during the pandemic era, when consumers snapped up pricey handbags, gowns and grooming products. Now, three of the country’s biggest billionaires – Bernard Arnault, Francoise Bettencourt Meyers and Francois Pinault – are seeing their fortunes dwindle as restraint replaces indulgence. The…
A hardnosed Chinese communist boss okays some policies, and an art-collecting French billionaire gets even richer. Weird? Not at all. Globally, the big money stuff often works like this.The link is demand. And it worked like this: Xi signed off on a stimulus package for China, which, by its own record-breaking standards, is currently an…
PARIS: Luxury goods group LVMH posted a 10% rise in fourth-quarter sales on Thursday, as growth edged up from the previous quarter, driven by resilient demand – including from Chinese buyers – for its high-end fashion over the all-important end-of-year period. Sales at the world’s biggest luxury group, which owns labels, including Louis Vuitton, Dior…
