Louis Vuitton

French billionaire Bernard Arnault recalled the time when he and Elon Musk, the CEO of Tesla and SpaceX, discussed the idea of a Louis Vuitton-branded rocket. What Happened: While appearing on CNBC’s Squawk Box, Arnault spoke about his discussions with Musk. “I admire very much what he'...

The parent company of Saks Fifth Avenue has reportedly agreed to acquire its rival Neiman Marcus for $2.65 billion. The deal, which is expected to be announced imminently, will see the involvement of Amazon.com Inc. (NASDAQ:AMZN). What Happened: The acquisition, which has been approved by the...

LVMH Moet Hennessy Louis Vuitton SE (OTC:LVMHF), the French multinational luxury goods conglomerate, is making a significant move in the global luxury watch market. The company has launched a new watch division and introduced a range of high-end models. What Happened: LVMH is aiming to capture a...

A startup backed by the world's second richest person, Bernard Arnault, can detect if that Louis Vuitton bag you have your eyes on is fake or real. What Happened: Entrupy, backed by LVMH Moet Hennessy Louis Vuitton SE (OTCPK: LVMHF), claims that it can detect whether that pre-owned luxury bag you'...

Amazon.com, Inc.‘s (NASDAQ:AMZN) second-quarter earnings report has driven Jeff Bezos’ fortune by $11 billion, solidifying his status as one of the world’s richest people.  What Happened: The e-commerce behemoth’s earnings report, released after the closing bell on...

The French stock market, as represented by the CAC 40 index, has risen for five days this week, gaining 3.3% and marking the best weekly performance since the end of March. This occurred despite the fact that nationwide protests have erupted in recent days, with images of burning streets and police...

A microscopic handbag, modeled after Louis Vuitton’s famed OnTheGo tote, has been sold for over $63,000 at an auction, The Guardian reports. The Microscopic Handbag Created by New York-based art collective MSCHF, the handbag is less than 0.03 inches wide and is so small that it’s hardly...

While he’s not as popular as Jeff Bezos or Elon Musk in the U.S., Bernard Arnault doesn’t need to be — he’s the richest person in the world and may have the most unique story amongst his billionaire peers. Arnault, 73, born in France, may be most well-known today for his...

Apple Inc.'s (NASDAQ: AAPL) Find My feature helped police track down AirPods allegedly stolen from a hotel in Boucherville, Canada. What Happened: During the Formula 1 Grand Prix weekend in June, Sahar Mohammadzadeh was staying at the Imperia Hotel & Suites. Just before checking out,...

Bernard Arnault on Tuesday dethroned Tesla CEO Elon Musk to become the World’s richest man after his net wealth topped $171 billion.  What Happened: The French business magnate became the first person in Europe to lay claim to having the largest fortune on the planet after gaining a...

Non-fungible tokens (NFTs) continue attracting investments from mainstream firms and brands increasingly often, showing an incredible growth ever since they were first developed and deployed on the Ethereum (CRYPTO: ETH) blockchain. What Happened: Major fashion brand Louis Vuitton launched its...

French luxury group LVMH Moët Hennessy Louis Vuitton SE (OTC: LVMUY) whose interests span from watches and jewelry to wine and spirits is reconsidering its decision to buy Tiffany & Co. (NYSE: TIF) due to the deteriorating situation in the United States market...

France’s LVMH (EPA: MC)(OTC: LVMUY), the parent company of luxury fashion brand Louis Vuitton and Givenchy, offered $14.5 billion in a buyout deal to American jewelry retailer Tiffany & Co., Bloomberg reported on Sunday. What Happened The bid values Tiffany (NYSE: TIF) at about $120 per...

Citi bank resumed coverage of LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (OTC: LVMUY) Tuesday with a bullish stance.  The Analyst  Thomas Chauvet resumed coverage of LVMH with a Buy rating and raised the price target from 315 euros ($353.38) to 392 euros ($439...

Its popularity may be declining, but Michael Kors Holdings Ltd (NYSE: KORS) is still far and away the preferred handbag among teens. Thirty percent of female respondents said that Michael Kors is their preferred handbag brand, according to Piper Jaffray's latest "Taking Stock With...