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Tod's Della Valle: if I Ever Decided to Sell It Would Be to LVMH, but No Plan for Now

MILAN (Reuters) - The head of Italian luxury group Tod's said that if he ever decided to sell his company it would be to LVMH's boss Bernard...
Tags: Milan, Lvmh, Reuters, Tod, Della Valle


Elon Musk is no longer the world's 2nd-richest person after Tesla shares lost a quarter of their value since January

Tesla CEO Elon Musk. Chris Saucedo/Getty Images for SXSW Elon Musk fell from being the world's second-richest person to the third-richest on Monday. LVMH Chairman Bernard Arnault, with a fortune of $161.2 billion, overtook the Tesla billionaire. Tesla's stock has tumbled 24% from its January high, and its market cap has dropped. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk on Monday lost his position in the Bloomberg Billionaires Index as the ...
Tags: Elon Musk, China, Trends, Tesla, Ubs, Federal Reserve, Lvmh, Musk, Wedbush, Chris Weston, Bloomberg Billionaires Index, Bernard Arnault, Bloomberg Musk, Arnault, SXSW Elon Musk, Pepperstone


This game gives you 30 seconds to spend Elon Musk’s grotesque net worth

What would you do if you were one of the richest people on earth? I imagine you’d generously donate all your money to charity — which is probably why you’re reading about Elon Musk rather than living like him. The Tesla tycoon briefly topped the Bloomberg Billionaires Index earlier this year, although he’s since slipped down to third place, behind space rival Jeff Bezos and LVMH chairman Bernard Arnault. Still, a fortune of $146.5 billion is a decent chunk of cash to plow into his companies, car...
Tags: Startups, Elon Musk, Jeff Bezos, Lvmh, Insider, Bloomberg Billionaires Index, Bernard Arnault, Hard Fork


Elon Musk is no longer the world's 2nd-richest person after Tesla shares lost a quarter in value since January

Tesla CEO Elon Musk. Chris Saucedo/Getty Images for SXSW Elon Musk fell from his rank as the world's second-richest person to third place on Monday. LVMH chairman Bernard Arnault, with a fortune of $161.2 billion, overtook the Tesla billionaire. Tesla's stock has tumbled 24% from its January high, causing a 35% drop in its market cap. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. Elon Musk lost his position as the world's second-richest person on Mon...
Tags: Elon Musk, China, Trends, Tesla, Ubs, Federal Reserve, Lvmh, Musk, Chris Weston, Bernard Arnault, Bloomberg Musk, Arnault, SXSW Elon Musk, Pepperstone, Shalini Nagarajan, Things Before the Opening Bell Elon Musk


UK fashion portal Lyst raises $85M in a ‘pre-IPO’ round at a $700M valuation

E-commerce continues to be a huge focus for investors watching consumer behavior and spending patterns in the wake of the Covid-19 pandemic. In the latest development, UK startup Lyst, a portal for high fashion brands and stores to sell directly to users, has picked up $85 million, in what the startup is describing as a ‘pre-IPO’ round. The news comes as the company says that it has now grown to 150 million users browsing and buying from a catalog of 8 million products from 17,000 brands and ret...
Tags: Amazon, Ecommerce, Spotify, Europe, UK, New York, London, Funding, Tech, Sky News, Lvmh, Draper Esprit, Valentino, Lyst, USA Europe, Nicola McClafferty


UK fashion portal Lyst raises $85M in a ‘pre-IPO’ round, reportedly at a $500M valuation

E-commerce continues to be a huge focus for investors watching consumer behavior and spending patterns in the wake of the Covid-19 pandemic. In the latest development, UK startup Lyst, a portal for high fashion brands and stores to sell directly to users, has picked up $85 million, in what the startup is describing as a ‘pre-IPO’ round. The news comes as the company says that it has now grown to 150 million users browsing and buying from a catalog of 8 million products from 17,000 brands and ret...
Tags: Amazon, Ecommerce, Spotify, Europe, UK, New York, London, Funding, Tech, Sky News, Lvmh, Draper Esprit, Valentino, PitchBook, Lyst, USA Europe


As concerns rise over forest carbon offsets, Pachama’s verified offset marketplace gets $15 million

Restoring and preserving the world’s forests has long been considered one of the easiest, lowest cost, and simplest ways to reduce the amount of greenhouse gases in the atmosphere. It’s by far the most popular method for corporations looking to take an easy first step on the long road to decarbonizing or offsetting their industrial operations. But in recent months the efficacy, validity, and reliability of a number of forest offsets have been called into question thanks to some blockbuster repor...
Tags: Google, Amazon, TC, Ecommerce, Y Combinator, Microsoft, Softbank, Tech, Tesla, Bloomberg, Greenhouse Gas Emissions, Bill Gates, Nba, Machine Learning, Jeff Bezos, Satellite Imagery


Tod's Chairman Says Considering 'Doing Something' With LVMH

ROME (Reuters) - Tod's and LVMH are considering whether the two luxury groups groups can "do something together" after the French giant increased...
Tags: Lvmh, Tod, ROME Reuters Tod


The life and career of Bernard Arnault, the luxury goods mogul who owns brands like Louis Vuitton - and whose wealth is surpassed only by Jeff Bezos and Elon Musk

Bernard Arnault is the chairman and CEO of LVMH, the world's largest maker of luxury goods. ERIC PIERMONT/AFP via Getty Images Bernard Arnault briefly surpassed Elon Musk as the world's second-richest person this week. Arnault controls the massive luxury conglomerate LVMH Moët Hennessy - Louis Vuitton. Four of Arnault's children work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. See more stories on Insider's business page. When it comes to the world of l...
Tags: Apple, Facebook, Fashion, Elon Musk, New York, London, Wales, Vladimir Putin, Steve Jobs, France, Life, New York City, US, Careers, Los Angeles, Trends


The owner of Louis Vuitton and Dior is now selling unused luxury fabrics and leathers online from $4 a meter

Models walk the runway during the Louis Vuitton Menswear Fall/Winter 2021-2022 show as part of Paris Fashion Week. Pascal Le Segretain/Getty Images for ABA LVMH - the luxury giant behind Dior, Louis Vuitton, and Celine - is now selling fabrics at discount prices. The new online store, Nona Source, sells leftover fabrics and leathers from $4 a meter. These unused fabrics come from LVMH's high-end brands. See more stories on Insider's business page. LVMH has started selling unused f...
Tags: Europe, US, Trends, Retail, Dior, Stella Mccartney, Celine, Lvmh, Louis Vuitton, Dare, Kenzo, Dior Louis Vuitton, Mary Hanbury, Nona Source, ABA LVMH, Nona Source Read


Tod's Shares Soar on $90.5m Deal With French Group LVMH

LVMH CEO Bernard Arnault and Tod’s founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to increase its stake in the Italian luxury goods maker.
Tags: Lvmh, Tod, Bernard Arnault, Diego Dalle Valle


Shares in Tod's Jump After LVMH Agrees to Raise Stake

MILAN (Reuters) -Shares in Tod's jumped as much as 16% on Friday after France's LVMH agreed to increase its stake in the Italian luxury goods group...
Tags: Milan, France, Lvmh, Reuters, Tod


LVMH's Move on Tod's Fuels Turnaround, Takeover Expectations

By Claudia CristoferiMILAN (Reuters) -Shares in Tod's hit a 16-month high on Friday on expectations that LVMH could help to relaunch the struggling...
Tags: Lvmh, Tod, Claudia CristoferiMILAN Reuters Shares


Transforming Business poll shows that talent is a driver, and a product, of innovation

Getty Images Talent recruitment was cited as a top priority for innovation investment among companies polled for the Transforming Business series. Companies are assimilating new approaches to talent in the pandemic. Focus on social injustice and racial inequity have driven new commitments to DEI. Visit Insider's Transforming Business homepage for more stories. Innovation depends on talent, and also attracts it. Business decision-makers polled by Insider report that ...
Tags: Hong Kong, UK, France, Germany, Singapore, India, Trends, HR, Canada, United States, United Kingdom, Innovation, Transformation, Talent, Lvmh, Carlyle Group


Elon Musk has been unseated as the world's second-richest person by luxury goods tycoon Bernard Arnault

Elon Musk, left, and Bernard Arnault. Rashid Umar Abbasi/Reuters; Drew Angerer/Getty Images LVMH chief executive Bernard Arnault has unseated Elon Musk as the world's second-richest person. Arnault and his family control 47.5% of LVMH, which owns brands like Louis Vuitton and Tiffany & Co. Four of Arnault's adult children hold executive positions within LVMH. See more stories on Insider's business page. Elon Musk appears to have been unseated as the world's second-richest p...
Tags: Amazon, Spacex, Elon Musk, Trends, Tesla, Bloomberg, Retail, Jeff Bezos, Antoine, Lvmh, Musk, Forbes, Reuters, Louis Vuitton, Frederic, Tiffany


Google founders Larry Page and Sergey Brin are now worth more than $100 billion, making them 2 of only 8 centibillionaires in the world

Google co-founders Sergey Brin and Larry Page. Chris Hondros/Getty Images Google co-founders Larry Page and Sergey Brin have joined the $100 billion club. Their net worths have soared by a collective $40 billion during the pandemic thanks to soaring tech stocks. Page and Brin own controlling shares in Google parent Alphabet. See more stories on Insider's business page. Google cofounders Larry Page and Sergey Brin are now worth more than $100 billion thanks to surging tech stocks.Page a...
Tags: Google, Amazon, Mark Zuckerberg, Elon Musk, UK, Trends, Tech, Tesla, Bloomberg, Larry Page, Billionaires, Sergey Brin, Sundar Pichai, Stanford University, Lvmh, Sidewalk Labs


FTSE 350 look ahead: JD Sports Fashion, LVMH and Tesco - The Armchair Trader

FTSE 350 look ahead: JD Sports Fashion, LVMH and Tesco   The Armchair Trade
Tags: Shopping, Tesco, Lvmh


Nearly 500 new billionaires joined the ranks of Jeff Bezos and Elon Musk last year as the world's richest became $5 trillion richer

From left: Amazon CEO Jeff Bezos; Tesla CEO Elon Musk; LVMH CEO Bernard Arnault; and Microsoft cofounder Bill Gates. MANDEL NGAN/AFP via Getty Images; Britta Pedersen-Pool/Getty Images; Nicholas Kamm/Getty Images; Elaine Thompson/AP Photo The world's richest are $5 trillion richer than they were one year ago, according to Forbes. Executives like Jeff Bezos, Elon Musk, and Bernard Arnault all saw massive gains amid the pandemic. Meanwhile, 2020 was a period of economic uncertainty and j...
Tags: Amazon, Mark Zuckerberg, Spacex, Elon Musk, Microsoft, Life, US, Trends, Tesla, Getty Images, Billionaires, Bill Gates, Jeff Bezos, Lvmh, Forbes, Bezos


Bubble Watch: 20 U.S. real estate tycoons or Facebook’s Mark Zuckerberg?

Donald Bren, the 88-year-old owner of real estate giant Orange County-based Irvine Co., has a net worth of $15.3 billion, according to Forbes — again the nation’s wealthiest individual property owner. Fifth-wealthiest US real estate owner was Edward Roski, Jr.,82. His $5.5 billion worth, as estimated by Forbes, comes from Majestic Realty, a Los Angeles-based developer. Sound The gallery will resume in seconds Rick Caruso, 62, has a $4.2 billion net worth from his Los Angeles ma...
Tags: Amazon, Facebook, Mark Zuckerberg, Business, Real Estate, Technology, News, Microsoft, Housing, France, US, Los Angeles, Tesla, Sport, Soccer, New York Times


Molly Goddard: turning up the volume

Rihanna rocked hers, Villanelle killed in hers… Molly Goddard takes dressing up to new levels with her dainty-not-dainty dressesIt really is no time to be a fashion designer. No catwalk shows, no front rows, no parties, no awards ceremonies, no red carpets, no shops. Nowhere to show off your fabulous clobber, nowhere to watch someone showing off theirs. Molly Goddard, one of British fashion’s most lauded and fun young designers of the past decade, can’t go to her beloved market at Portobello Roa...
Tags: Fashion, Design, London, Rihanna, Life and style, Art and design, Lvmh, Haute couture shows, Portobello Road, British Fashion Council, Lockdown, Molly Goddard, Jodie Comer, Villanelle, Killing Eve


Elon Musk is once again the world's richest person as Tesla's upward tear continues

Elon Musk, left, and Jeff Bezos have added well over 200 billion in net worth in recent years. John Locher/AP and Odd Andersen/AFP via Getty Images Elon Musk became the world's richest person again on Monday, according to Bloomberg. Musk is now worth about $182 billion, while Bezos' net worth is $181 billion. Both CEOs have seen their wealth explode as shares of Amazon and Tesla have surged upward. Visit Business Insider's homepage for more stories. Elon Musk once again ove...
Tags: Amazon, Facebook, Mark Zuckerberg, Elon Musk, Microsoft, US, America, Trends, Tesla, Bloomberg, Jeff Bezos, Lvmh, Musk, Bezos, Bloomberg Billionaires Index, Mackenzie Scott


Jack Dorsey's Square is now a majority owner in Tidal, the music streaming service owned by Jay-Z. Here's where their friendship started and everything that's happened since.

Jay-Z, left, and Jack Dorsey. Kevin Mazur/Getty Images for City of Hope; David Becker/Getty Images Jack Dorsey's Square has taken a majority stake in Tidal, the streaming platform owned by Jay-Z. The two moguls have met multiple times in the last year, including in Hawaii and the Hamptons. Following the announcement of the deal, they praised each other on Twitter as visionary leaders.  Visit the Business section of Insider for more stories. Jack Dorsey and Jay-Z are officially in business ...
Tags: Twitter, Beyonce, Rihanna, Jay Z, India, Africa, NFL, Trends, Bloomberg, Features, Hawaii, New York Times, Alicia Keys, The Times, Square, Tidal


London eyes major rule changes to cash in on the SPAC boom as Amsterdam targets top spot after Brexit

The City of London has fallen behind New York and Amsterdam on SPACs Tolga Akmen/Getty Images A major review has recommended an overhaul of London's rules to welcome SPACs.The UK has lagged far behind the US, and major players are eyeing Amsterdam as Europe's hub.The British government wants to show the benefits of leaving the EU.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.After falling behind New York and even Amsterdam, London is eyeing a major overhaul of its...
Tags: Europe, UK, New York, London, US, Trends, Investing, Markets, Eu, Bloomberg, Netherlands, Amsterdam, City Of London, Brexit, Lvmh, SPAC


Amazon’s Impact On Luxury Strategy

In 2017, the European Court of Justice (ECJ) announced that Coty, the U.S. beauty group, did not break any laws of competition when it forbade a German distributor from selling Coty products on Amazon.de, the German Amazon site. In Europe, luxury products are able to limit sales of their products to only those “stores that maintain their luxury image,” Financial Times reported. The ECJ calls this “selective distribution.” Discussing the Coty case, Financial Times stated that the key issue was...
Tags: Amazon, Europe, US, Bloomberg, Amazon Prime, Financial Times, Lvmh, Ecj, Branding, Larry, European Court of Justice ECJ, WWD, Boston Consulting Group BCG, Blake Project Can Help, Roland Mouret, Altuzarra


Jay-Z sells half of his Champagne brand

Jay-Z and luxury goods giant LVMH have a reason to break out the bubbly.
Tags: News, Jay Z, Stories, Lvmh


Jay-Z sells half of his Champagne brand to owner of Dom Pérignon

Jay-Z and luxury goods giant LVMH have a reason to break out the bubbly.
Tags: Jay Z, Cnn, Lvmh, Dom Perignon


Why Jay-Z created a champagne brand: Comments by Cristal exec ‘forced us to build our own thing’

Shawn "Jay-Z" Carter sold a 50% stake in his Armand de Brignac champagne to LVMH. But he didn't initially set out to create his own...
Tags: Jay Z, Lvmh, Shawn Jay Z Carter


Jay-Z sells stake in champagne brand to luxury giant LVMH

LVMH said it was interested in the brand for its appeal to a 'global and diverse' customer.
Tags: Business, Jay, Lvmh


Elon Musk is once again the world's richest person as he and Jeff Bezos keep jockeying for the lead

Elon Musk, left, and Jeff Bezos have added well over 200 billion in net worth in recent years. John Locher/AP and Odd Andersen/AFP via Getty Images Elon Musk became the world's richest person again on Thursday, according to Bloomberg. Musk is now worth about $200 billion, while Bezos' net worth is $194 billion.  Both CEOs have seen their wealth explode as shares of Amazon and Tesla have surged upward.  Visit Business Insider's homepage for more stories. Elon Musk once again overtook Jeff ...
Tags: Amazon, Facebook, Mark Zuckerberg, Spacex, Elon Musk, Microsoft, US, America, Trends, Tesla, Bloomberg, Jeff Bezos, Lvmh, Musk, Bezos, Bloomberg Billionaires Index


Europe's richest man is joining the SPAC craze

Bernard Arnault, the chairman of luxury goods group LVMH, is the latest billionaire to embrace Wall Street's hot new way to raise money.
Tags: Europe, Cnn, Lvmh, SPAC, Bernard Arnault