LVMH’s Arnault set to propose sons Alexandre, Frederic for company’s board

[ad_1] By Bloomberg Published Jan 22, 2024 Bernard Arnault plans to appoint two of his sons to the board of LVMH Moet Hennessy Louis Vuitton SE, as the French billionaire continues to groom his children to potentially lead the luxury empire he founded. Alexandre Arnault Arnault’s nomination of sons Alexandre, 31, and Frederic, 29, could […]

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Chanel changes the guard amid weaker luxury demand

[ad_1] By Bloomberg Published Jan 12, 2024 Chanel has seen several executives leave the luxury fashion house in recent months amid a slowdown in demand for the sector’s pricey goods. See catwalkChanel – Pre-Fall2024 – 2025 – Womenswear – Manchester – ©Launchmetrics/spotlight The company’s former Japanese head has joined the US and UK bosses in […]

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L’Oreal confident on China despite tensions over trade secrets

[ad_1] By Bloomberg Published Jan 10, 2024 L’Oreal SA remains confident on the potential of the Chinese market despite tensions over the level of ingredient disclosure the country is requesting from cosmetics makers. L’Oreal China “will remain a very important source of growth for L’Oreal and the beauty market because middle classes are going to […]

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