French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.

Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.

He’s someone Trump really looks up to and wants to make happy,” a source said of LVMH CEO Bernard Arnault, the wealthiest man in France.

Losing your livelihood is now doubleplusgood! Bernard Arnault, CEO of LVMH and the world’s fifth richest man, has coined a new phrase for those who are being laid off — “being promoted outwards, so to speak.

With the economic outlook in France looking grim, Arnault said LVMH, which owns Louis Vuitton, Dior, Fendi and Moët & Chandon, is "seriously" considering opening more factories in the United States. Such a move would help the company to avoid the tariffs Trump has promised to enact on foreign goods sold in the United States.

The luxury goods group headed by Bernard Arnault ends its 2024 financial year with sales of €84.7 billion, down 2% on 2023.

There’s a different mood” between the two countries, said the French billionaire. Read more at straitstimes.com.

LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.

And Bernard Arnault made it back from the Trump inauguration ... Mr. Arnault was checking up on Pharrell Williams’s Louis Vuitton collection from the front row. (His seatmates, the French ...

The LVMH Moët Hennessy Louis Vuitton titan had prime seating near former Presidents Bill Clinton, George Bush and Barack Obama.

The new men’s collection from LVMH’s crown jewel came with a heavy dose of nostalgia – plus hues of pink and dustings of glitter

Louis Vuitton artistic director Pharrell Williams kicked off ... Victor Wembanyama was given the spot of honour next to Vuitton owner and luxury tycoon Bernard Arnault in a front row also featuring actors Bradley Cooper and Omar Sy. Arnault, one of the ...