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Jeff Bezos is the only one of the world's five richest people who hasn't lost money in 2020. Here are 11 mind-blowing facts that show just how wealthy the Amazon CEO really is.

Jeff Bezos is the only one of the world's five richest people who hasn't lost money in 2020, according to the Bloomberg's Billionaires Index. The Amazon CEO made more than $5 billion in the past three months, bringing his total net worth to $120 billion. The richest person in the world, Bezos is roughly 36% wealthier than the entire British monarchy. He makes approximately $2,489 per second — more than twice what the median US worker makes in a week. Visit Business Insider's homepage for more ...
Tags: Amazon, Texas, Elizabeth Warren, US, America, Trends, Walmart, Bloomberg, Cyprus, Bureau of Labor Statistics, Harvard University, Luxembourg, World Bank, Iceland, Jeff Bezos, Seattle


How top PR firm Weber Shandwick responded to the coronavirus crisis in real-time, leaked documents show

Memos and documents from executives at Weber Shandwick to employees over the past month reveal how the second biggest PR firm responded to the COVID-19 outbreak in real-time. CEO Gail Heimann first emphasized "facts not fear," saying leadership's top concern would always be employees' health. Over time, the company shifted to more remote work as more employees were exposed to the virus and the communications grew more urgent. Weber Shandwick has not responded to multiple requests for comment. ...
Tags: Asia, New York, China, San Francisco, Trends, Weber Shandwick, Healthcare, GlaxoSmithKline, North America, Seattle, Andrew Cuomo, Lvmh, Cuomo, Michael Roth, Duke University, CMG


A top Wall Street analysis firm says the coronavirus pandemic upended its projections for the next decade in just 3 months. Here are 4 industries that may be forever altered by the outbreak.

Corporate America will likely be reeling from the impact of the coronavirus for years to come.  While some ramifications will be short-term, others will be more profound and could force industries like healthcare and manufacturing to drastically change their operations.  The outbreak is also leading companies to accelerate digital overhauls or pivot more quickly to new technology to meet the new reality of social isolation that could last for months.  UBS analysts wrote to investors that they ...
Tags: Apple, New York, London, China, Disney, US, America, Trends, General Motors, Tesla, Netflix, Ford, Nbcuniversal, Tim Cook, Ubs, James Bond


'Everybody wants to help': Designers, apparel companies pivot to aid health-care industry fight COVID-19

Like many, Hilary MacMillan has been glued to the news amid the coronavirus pandemic. But when the Toronto fashion designer began seeing stories raising the alarm about a shortage of masks, gowns and other personal protective equipment, she was moved to action."We wanted to kind of get on the ground and see if it's something we could help out with, before it gets to the point when there's nothing available," said the womenswear designer.After just a few days of work this past week, Mac...
Tags: Health, New York, News, California, Toronto, Canada, Prada, Macmillan, Ralph Lauren, Lvmh, Mourinho, Bauer, Canada Goose, Canadian Centre for Occupational Health and Safety, Chappel, Knix


Leaked memos and internal documents reveal how executives at top PR firm Weber Shandwick responded to the coronavirus crisis in real-time

Memos and documents from executives at Weber Shandwick to employees over the past month reveal how the second biggest PR firm responded to the COVID-19 outbreak in real-time. CEO Gail Heimann first emphasized "facts not fear," saying leadership's top concern would always be employees' health. Over time, the company shifted to more remote work as more employees were exposed to the virus and the communications grew more urgent. Weber Shandwick has not responded to multiple requests for comment. ...
Tags: Asia, New York, China, San Francisco, Trends, Weber Shandwick, Healthcare, GlaxoSmithKline, North America, Seattle, Andrew Cuomo, Lvmh, Cuomo, Michael Roth, Duke University, CMG


Amazon's 'Making the Cut,' a new reality show from the stars of 'Project Runway,' could radically change how consumers interact with luxury fashion

Designer Joseph Altuzarra spoke with Business Insider ahead of the premiere of Amazon's "Making the Cut," where he serves as a judge alongside Naomi Campbell, Nicole Richie, and Chiara Ferragni. The show is hosted and executive produced by former "Project Runway" judges Tim Gunn and Heidi Klum. Altuzarra told Business Insider that Amazon is on the forefront of transforming the fashion industry and that this competition model could disrupt the way consumers interact with fashion. He also spoke ...
Tags: Amazon, France, China, US, NFL, Trends, Tokyo, Calvin Klein, Heidi Klum, Naomi Campbell, Lvmh, Sussex, Wells Fargo, Lululemon, New York Paris, Gap Inc


Fenty Beauty's Parent Company Is Making Hand Sanitizer to Fight the Coronavirus

Update: Coming off last week's news that LVMH would be selling hand sanitizer in France, another brand under the company's umbrella is upping its contribution to help fight COVID-19 in Italy. Bvlgari announced on March 26 that it would manufacture several hundred thousand bottles of hand-sanitizing gel to all medical facilities through the Italian government. "I believe as a major economic actor and symbol of Italy, BVLGARI has a responsibility to contribute to the national effort to help prev...
Tags: France, Beauty, Paris, Italy, Lvmh, Bvlgari, ICR, Beauty News, Fenty Beauty s Parent Company, Fenty Beauty and Benefit Cosmetics, Christian Dior Givenchy, Italy Bvlgari, Jean Christophe Babin Bvlgari, Lodi Factory


One of Sephora’s Bestselling Hair Brands Is Making Hand Sanitizer to Help Fight COVID-19

View this post on Instagram A post shared by Bumble and bumble. (@bumbleandbumble) on Mar 24, 2020 at 5:32pm PDT Many brands in the beauty industry are doing their part to help fight COVID-19, from hair care, skin care, and makeup brands giving back by donating proceeds, products, and even meals to those in need, to companies like LVMH (the parent company of Fenty Beauty and Benefit Cosmetics) utilizing their fac...
Tags: Beauty, Bumble, Lvmh, Sephora, Beauty News, Melville NY, Coronavirus, WHO CDC, Fenty Beauty and Benefit Cosmetics, Estée Lauder Companies Compensated


AccuWeather providing free weather forecasting and warning services to hospitals and COVID-19 test centers

Wes Thrift, with Roper St. Francis Healthcare is reflected in a car window wearing a protective mask as he talks to a possible coronavirus patient at the hospital's North Charleston office Monday, March 16, 2020. (AP Photo/Mic Smith) In order to reduce the risk to vulnerable structures, AccuWeather, Inc., is donating its severe weather and local storm-warning services to hospitals, medical institutions and public health agencies that are working against the coronavirus pandemic, the compa...
Tags: Florida, New York, Science, New York City, Pennsylvania, United States, Andrew Cuomo, Accuweather, Lvmh, North Charleston, Tito, Tornado Alley, Jonathan Porter, AccuWeather Inc, DirecTV Frontier, COVID


LVMH says will not buy Tiffany shares on open market

Louis Vuitton owner LVMH said on Monday it would not buy Tiffany shares on the open market, a move that would have potentially enabled it to pursue its agreement to buy the U.S. jeweller at a lower price than the one agreed last year.
Tags: Money, businessNews, Lvmh, Louis Vuitton, Tiffany


how not to communicate right now

Brands are judged less by how they operate when things go right, than by how they handle situations when things go wrong.   Mark Ritson recently recounted the story of Marks & Spencer during World War II, when the retailer made ration clothing for the British public.   They had to figure out how to manufacture clothing in a different way to make the most of limited materials, even as more than 100 M&S stores were hit by bombing raids. Mark said that how M&S stepped up during the war was a wi...
Tags: Apple, UK, Fast Company, Levi, Lvmh, Branding, Mark, Jeff, Anheuser Busch, Ann Handley, Mark Ritson, Jeff Beer, Coronavirus


LVMH orders 40 million masks from China for France

LVMH , the world's biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help France cope with the coronavirus outbreak.
Tags: Money, France, China, businessNews, Lvmh


Distilleries making hand sanitizer

Craft distillers may well prove to be the Henry Fords of the COVID-era. Much like Ford famously repurposed his auto plants to make thousands of airplanes needed during World War II, craft distilleries are repurposing their stills to help fight the spread of the coronavirus. When people bought the country out of hand sanitizer — an alcohol-based product — last week, distilleries from Oregon to Alabama to Canada realized this was an opportunity to use their facilities for the greater good. That...
Tags: Travel, New York, Oregon, US, Alabama, Canada, Ford, Connecticut, Food And Drug Administration, Fda, Victoria, Portland Oregon, British Columbia, Vermont, Lvmh, All


How 4 multibillion-dollar industries hobbled by the pandemic are evolving to deal with the massive disruption

Corporate America will likely be reeling from the impact of the coronavirus for years to come.  While some ramifications will be short-term, others will be more profound and could force industries like health care and manufacturing to drastically change their operations.  The outbreak is also leading companies to accelerate digital overhauls or pivot more quickly to new technology, to meet the new reality of social isolation that could last months.  Follow all of Business Insider's latest upda...
Tags: Apple, New York, London, China, Disney, US, America, Trends, Netflix, Tim Cook, James Bond, NHL, Nbc Universal, Vietnam, Donald Trump, Foxconn


Coronavirus: Brand Moves for Tuesday March 17

The coronavirus pandemic continues to change the way we shop, work, socialize, travel and much more. It’s a fast-moving situation, but we’ve pulled together another of our regular, up-to-date snapshots of how brands are responding to the crisis. We hope this is informative and helpful – please circulate it to anybody you think might find it of use. Manufacturing & Retail Alibaba co-founder, billionaire Jack Ma, has promised to donate one million face masks and 500,000 testing kits to the US. Th...
Tags: Apple, Google, Amazon, UK, Microsoft, China, New York City, Advertising, Disney, Global, US, Nike, Spain, Aldi, Intel, Bbc


LVMH making hand sanitizer

French luxury brand company LVMH is stepping up to make hand sanitizer more widely available across France. On Sunday, the company announced that it will be repurposing its perfume and cosmetics production sites to create hydroalcoholic gel for hand sanitizer. In a statement, the company said, “Through this initiative, LVMH intends to help address the risk of a lack of product in France and enable a greater number of people to continue to take the right action to protect themselves from the s...
Tags: Travel, Europe, New York, France, Andrew Cuomo, Lvmh, All, Hand Sanitizer, Assistance Publique Hôpitaux de Paris, Coronavirus, COVID-19


LVMH’s Perfumes And Cosmetics Division Is Manufacturing Hand Sanitizer To Combat The Spread Of Coronavirus

And giving it away for free to French authorities.
Tags: Fashion, Law, Lvmh


Louis Vuitton converting perfume production lines to hand sanitizer manufacturing

French conglomerate LVMH -- owner of Louis Vuitton, Givenchy, and Christian Dior, and other luxury brands -- is converting its perfume production lines to crank out hand sanitizer. And no, they won't be selling high ticket hand sanitizer bottles in their boutiques. "These gels will be delivered free of charge to the health authorities," the company announced. "LVMH will continue to honour this commitment for as long as necessary, in connection with the French health authorities." (BBC) ...
Tags: Post, Fashion, News, Bbc, Luxury, Manufacturing, Christian Dior, Lvmh, Louis Vuitton, Hand Sanitizer, Louis Vuitton Givenchy, Coronavirus


Fenty Beauty's Parent Company Is Making Hand Sanitizer to Fight the Coronavirus in France

LVMH (the parent company behind Fenty Beauty and Benefit Cosmetics, among others) is joining the fight against the coronavirus disease, COVID-19. The luxury-goods conglomerate will use its perfume and cosmetics factories to produce hand-sanitizing gels for French hospitals, particularly public hospitals in Paris. The move was announced by the group on Sunday: "LVMH will use the production lines of its perfume and cosmetic brands . . . to produce large quantities of hydroalcoholic gels from Mond...
Tags: France, Beauty, Paris, Lvmh, Beauty News, Fenty Beauty s Parent Company, Fenty Beauty and Benefit Cosmetics, Christian Dior Givenchy


Coronavirus: Louis Vuitton owner to start making hand sanitiser

Luxury goods firm LVMH will make disinfectant gels in France as demand soars during virus pandemic.
Tags: News, France, Lvmh, Louis Vuitton


Louis Vuitton parent company will use cosmetics and perfume manufacturing facilities to make free alcohol-based sanitizer amid global shortage

LVMH will produce alcohol-based sanitizers as pharmacies and supermarkets face global shortages amid COVID-19 spread.
Tags: News, Lvmh, Louis Vuitton


Coronavirus latest updates: Italy death toll up by 368 as flight bans and lockdowns increase globally

Number of UK deaths rises to 35 while other countries introduce stricter new measures UK over-70s to be asked to self-isolate ‘within weeks’Manufacturers urged to consider switching to making ventilators100m Europeans on lockdown as countries battle coronavirusCoronavirus latest: at a glanceSee all of our coronavirus coverage 6.18pm GMT The Iraqi government has imposed a curfew in the capital Baghdad as of March 17 until March 24 to prevent coronavirus from spreading, the state news agency s...
Tags: Europe, UK, France, Iraq, Spain, UK News, World news, Australia news, US news, Italy, Baghdad, Lvmh, Louis Vuitton, LWMH


Brand Moves Roundup

In a fast-moving global crisis such as the current coronavirus outbreak, brands have an important role to play. Staying true to their ambition creates a perception of integrity. Reputations can be made by activating brand purpose during a crisis – and just as quickly lost by perceived opportunism. Moves that create value for communities, customers and employees are both bold and smart. Bold, because they may come at a short term cost to profit or margin. A tough call – but consider the cost of ...
Tags: Apple, Amazon, Facebook, Lyft, Hong Kong, Elon Musk, Hbo, UK, New York, Cook, Milan, Microsoft, Australia, China, Russia, Singapore


Coronavirus: Brand Moves for Tuesday March 10

In a fast-moving global crisis such as the current coronavirus outbreak, brands have an important role to play. Staying true to their ambition creates a perception of integrity. Reputations can be made by activating brand purpose during a crisis – and just as quickly lost by perceived opportunism. Moves that create value for communities, customers and employees are both bold and smart. Bold, because they may come at a short term cost to profit or margin. A tough call – but consider the cost of ...
Tags: Apple, Amazon, Facebook, Lyft, Hong Kong, Elon Musk, Hbo, UK, New York, Cook, Milan, Microsoft, Australia, China, Russia, Singapore


How the Coronavirus’ Effect On the Fashion Industry Reveals Flaws in the Global Economy

After the coronavirus outbreak forced Chinese fashion designers, buyers and other industry insiders to skip Milan’s Fashion Week in late February, the Camera Nazionale della Moda Italiana, or National Chamber of Italian Fashion, launched a campaign to demonstrate solidarity: “China, we are with you.” The slogan turned out to be prophetic. By the end of fashion week, Italy was facing a coronavirus outbreak of its own, and Milan’s typically bustling streets were eerily empty. Models posted In...
Tags: New York, Milan, News, China, Uncategorized, Economy, Paris, Global Economy, Italy, North America, Lvmh, Brown, Giorgio Armani, Onetime, Wassner, Pauline Brown


Le Wagon raises $19 million to build a global coding bootcamp

French startup Le Wagon has raised its first round of funding after many years of bootstrapping. The company closed a $19 million funding round (€17 million) a few months ago. Cathay Capital is leading the round with AfricInvest also participating. “We’ve always bootstrapped since 2013 and we’ve always been profitable since day one,” Le Wagon co-founder and COO Romain Paillard told me. “Structurally, all of our metrics are doing well but we wanted to increase our resources.” Le Wagon is an in...
Tags: Fundings & Exits, Startups, Europe, Tech, Paris, France Newsletter, Le Wagon, Lvmh, Bootcamp, Cathay Capital, Coding Bootcamp, COO Romain Paillard, Le Wagon Executive, Axa BNP Paribas L'Oréal


Le Wagon raises $19M to build a global coding bootcamp

French startup Le Wagon has raised its first round of funding after many years of bootstrapping. The company closed a $19 million funding round (€17 million) a few months ago. Cathay Capital is leading the round with AfricInvest also participating. “We’ve always bootstrapped since 2013, and we’ve always been profitable since day one,” Le Wagon co-founder and COO Romain Paillard told me. “Structurally, all of our metrics are doing well but we wanted to increase our resources.” Le Wagon is an i...
Tags: Fundings & Exits, Startups, Europe, Tech, Paris, France Newsletter, Le Wagon, Lvmh, Bootcamp, Cathay Capital, Coding Bootcamp, COO Romain Paillard, Le Wagon Executive, Axa BNP Paribas L'Oréal


The coronavirus has already cost the ultra-wealthy more than $100 billion. Here's why they're likely to feel more pain from the market drops than the average American.

Cases of the novel coronavirus may be concentrated in China, but the stock market losses are not. Bernard Arnault, the chairman of Louis Vuitton parent LVMH, lost $8.8 billion from his personal net worth in the past week as reduced spending in China hurts luxury sales.  The world's 500 richest people lost $139 billion from their collective net worths on Monday in the largest single-day drop since the Bloomberg Billionaires Index started tracking that metric in October 2016. The ultra-wealthy ...
Tags: China, Boston, America, Trends, Bloomberg, New York Times, Alibaba, Antarctica, Jeff Bezos, Jack Ma, Martin Luther King Jr, Wuhan, Lvmh, Business Insider, Louis Vuitton, Don


Meet the first wave of speakers & enter your startup for The Europas Awards, 25 June

Excitement for The Europas Awards for European Tech Startups is hotting up. Here are the first wave of speakers and judges — and more are coming! The Awards – which have been running for over 10 years – will be held on 25 June 2020 in London, U.K. on the front lawn of the Geffrye Museum in Hoxton, London — creating a fantastic and fun garden party atmosphere in the heart of London’s tech startup scene. TechCrunch is once more the exclusive media sponsor of the awards and conference, alongside Th...
Tags: TC, Europe, Balderton Capital, UK, London, Elvie, Tech, Bloomberg, Italy, Middle East, Cbs, Financial Times, Lvmh, Starling, Accel, Balderton


Huawei's Sound X will determine its future success in the global smart speaker market, but it lacks the 'smart' factor outside of China

This story was delivered to Business Insider Intelligence Connectivity & Tech subscribers earlier this morning. To get this story plus others to your inbox each day, hours before they're published on Business Insider, click here. Huawei has its sights set on becoming the next challenger in the global smart speaker space, following its announcement to break into European markets, according to CNBC. The Chinese mobile giant initially launched its Sound X smart speaker exclusively in its domesti...
Tags: Google, Amazon, Jay Z, China, Trends, Spain, Huawei, Cnbc, Lvmh, Business Insider Intelligence, Germany France Italy, Xiaoyi, Peter Gauden, Business Insider Intelligence Connectivity Tech, Bernard Arnault Huawei