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☆ 4 reasons to explore Portland, Oregon, from tax-free shopping to mountain views and an award-winning food scene
▼ + stars: | 2024-03-01 | by ( Sponsor Post | Created Insider Studios With | ) www.businessinsider.com time to read: +5 min

Portland, Oregon, was named one of the best travel destinations in the US by Forbes. Here are four things you'll experience when in Portland that make it well worth a trip — or many. Award-winning food scenePortland's food scene is a true standout, rich in both quantity and quality. Also within Forest Park, visitors who want to mix nature and culture can hike to the Victorian-era Pittock Mansion. Explore the official guide to PortlandThis post was created by Insider Studios with Travel Portland.

Persons: Forbes, Bookworms, —, Louis Vuitton, Gucci, James Beard, Gregory Gourdet, There's, Lan, there's Organizations: Forbes, Nines, Portland Farmers, Portland State University, of, Portland Rose, Insider Studios, Travel Portland Locations: Portland , Oregon, Portland, Powell's, Mount Hood, Chinatown, Oregon Coast, Portland's, Forest Park, Mount Tabor

☆ Emily Blunt and Anne Hathaway drag Meryl Streep during 'The Devil Wears Prada' reunion at SAG Awards
▼ + stars: | 2024-02-25 | by ( Hannah Getahun | ) www.businessinsider.com time to read: +3 min

"Devil Wears Prada" actors Meryl Streep, Emily Blunt, and Anne Hathaway reunited at the SAG Awards. "I don't think I'm anything like Miranda," Streep sheepishly retorted. AdvertisementMeryl Streep, Emily Blunt, and Anne Hathaway came together at Saturday's Screen Actor Guild Awards to honor the 18th anniversary of the 2006 film, "The Devil Wears Prada." Blunt and Hathaway then walked out, holding just what Streep needed: Large, black, square-framed glasses and an awards envelope. "I don't think I'm anything like Miranda," Streep sheepishly retorted.

Persons: Prada, Meryl Streep, Emily Blunt, Anne Hathaway, Streep, Miranda, Streep sheepishly, —, Wears, Blunt, Hathaway, — Versace, Louis Vuitton, Meryl, Miranda Priestly, Anna Wintour, Wintour, Hathaway interjected, Jeremy Allen White, Andy Sachs, Vanessa Williams, Pedro Pascal, Ali Wong, Tan, Oprah, Edebiri Organizations: Service, Vogue, Netflix Locations: London's, Tan France, Edebiri

☆ How Hermès became the ultimate status symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

A cashmere throw blanket splashed with the letter H. For years, Hermès' iconic products have been coveted by those in the know. Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

Persons: Hermès, Louis Vuitton, LVMH, Kering's, hasn't, it's, Axel Dumas, Simeon Siegel, Siegel, Birkin, —, waitlists, Edward Berthelot, there's, Hitha Herzog, Nicole Pollard Bayme, Kelly, Versace, Herzog, Gucci, Saint Laurent, Bernstein, Luca Solca, Chanel, Solca, Winston Chesterfield, Barton, That's, Williamsburg , Brooklyn —, Axel, Pierre, Alexis Dumas —, Bernard Arnault's LVMH, Dumas, Barton's Chesterfield, They've, Cousins Axel Dumas, Alexis Dumas, Rodrigo Vaz, Thierry Hermès, they've, We're Organizations: BMO Capital Markets, Capri Holdings, North, Gucci Locations: Hermès, London, China, France, Louviers, Ardennes, New Aquitaine, Aspen , Colorado, Naples, Florida, Nanjing, Princeton , New Jersey, Williamsburg , Brooklyn

☆ How Hermes Became the Ultimate Status Symbol
▼ + stars: | 2024-02-24 | by ( Madeline Berg | ) www.businessinsider.com time to read: +11 min

Now, its shares are also hot commodities, with their performance outpacing bigger luxury brands like Louis Vuitton owner LVMH and Gucci-maker Kering. "The curse of retail is everyone chases more," Simeon Siegel, a senior retail analyst at BMO Capital Markets, told Business Insider about luxury brands. "Brand equity is much more diluted than Hermès'," Herzog said of brands like Gucci and Louis Vuitton. Hermès is 'fairly recession-proof'Keeping it simple has helped Hermès hold its own as luxury brands start to lose their shine after a multiyear spending boom. It also announced it will expand the Saint Junien facility in New Aquitaine (also France) which makes Kelly and Birkin bags.

☆ The Tooth Fairy Is Getting Out of Control
▼ + stars: | 2024-02-23 | by ( Katie Notopoulos | ) www.businessinsider.com time to read: +2 min

But when I read in Axios that the going rate per tooth from the Tooth Fairy is $5.84, well, I nearly choked on my Werther's Original. Frankly, the Tooth Fairy price is too damn high. AdvertisementThe Tooth Fairy's going rate is $5.84 a tooth, according to a Delta Dental report. These parents are following a trend of doing big celebrations for not just milestones like Sweet 16s or graduations, but "inchstones" like a lost tooth. AdvertisementMy son did mention to me that he had heard that other kids got $20 from the Tooth Fairy, which I sort of brushed off.

Persons: —, Fred Durst, Louis Vuitton, he's Organizations: Service, Delta Dental, Street Journal, New York

☆ Paris Fashion Week: What to expect from the runways
▼ + stars: | 2024-02-23 | by ( Leah Dolan | ) edition.cnn.com time to read: +2 min

CNN —Fashion months’ finale — otherwise known as Paris Fashion Week — kicks off on Monday February 26th with over 70 shows and 38 presentations scheduled. From Miu Miu to Mugler, the nine-day calendar is filled to the brim with storied luxury houses, which will no doubt draw a slew of stars into the city. On Thursday, Virgil Abloh’s brand Off—White will return to the runway for the first time since 2022. McGirr, who follows the houses’ tradition of being a Central Saint Martins alumni, previously oversaw ready-to-wear at landmark British brand JW Anderson. From staging runways everywhere from the Louvre to Rio de Janiro’s Niteròi Contemporary Art Museum, there’s no doubt Ghesquière’s tenure will be commemorated with a bang.

Persons: Miu Miu, Mugler, Virgil Abloh’s, Ibrahim Kamara, Kamara, Chemena, Kamali, Gabriela Hearst, Phoebe Philo, “, ”, McGirr, Alexander McQueen, McQueen, Sarah Burton, JW Anderson, Louis Vuitton, Nicolas Ghesquière’s Organizations: CNN, Business of Fashion, Chloé, Central Saint Martins, British, JW, Art Museum Locations: Paris, British, Central, Rio

☆ Best red carpet looks at the 2024 BAFTA Awards
▼ + stars: | 2024-02-19 | by ( Nicole Mowbray | ) edition.cnn.com time to read: +3 min

Margot Robbie in yet more Barbie pink — this time a custom gown by Giorgio Armani Privé. John Phillips/Getty ImagesEmma Stone in peach Louis Vuitton, her sleeve nodding to her voluminous costuming in "Poor Things," for which she was nominated as Best Actress. Jeff Spicer/Getty ImagesDa’Vine Joy Randolph, who won the Best Supporting Actress award for "The Holdovers," wore custom Robert Wun. Joe Maher/BAFTA/Getty Images“Anatomy of a Fall” actor Sandra Hüller wore metallic Louis Vuitton with her hair coiffed into a rockabilly-style quiff. John Phillips/Getty Images"The Crown" star Emma Corrin went for edgy blue tights, a cropped top and a netted veil by Miu Miu.

Persons: Catherine , Princess, Prince William, ” Oppenheimer, ”, Margot Robbie, Giorgio Armani Privé, John Phillips, Emma Stone, Vuitton, Colman Domingo, Mike Marsland, Rosamund Pike, Dior, Ayo Edibiri, Scott Garfitt, Cate Blanchett, Louis Vuitton, BAFTAs, Jeff Spicer, Joy Randolph, Robert Wun, Carey Mulligan, Stephane Cardinale, Corbis, Taylor Russell, Emily Blunt, Elie Saab, Gareth Cattermole, Ryan Gosling, Naomi Campbell, Florence Pugh, Harris Reed, Isabel Infantes, Reuters Bradley Cooper, Valentino, Emerald Fennell, Joe Maher, Sandra Hüller, Emma Corrin, Miu Miu, Daisy Edgar, Jones, Gucci, Karwai Tang Organizations: London CNN, Royal, Hall, British Academy of Film, Television Arts, Getty, Reuters, Dua Locations: London, Wales, Dua Lipa

☆ How to wear the runway — on your own budget
▼ + stars: | 2024-02-17 | by ( Joi-Marie Mckenzie | Jordan Parker Erb | ) www.businessinsider.com time to read: +5 min

On the agenda today:But first: How to wear the runway — on your own budget. "It's still all about simplicity," "America's Next Top Model" winner Eva Marcille told Business Insider at the Badgley Mischka runway show. And while some will pay a premium for designer fashion, others want to experiment with a dupe first. AdvertisementTens of thousands of young, high-earning professionals abandoned New York City and California during the pandemic, taking their coastal salaries to cities like St. Louis. BI headed to New York Fashion Week, where we asked attendees to name the status symbols they've been seeing and coveting.

Persons: —, Dia Dipasupil, — Beyoncé, Blake Lively, Uma Thurman, It's, Eva Marcille, YouGov, Gen Z, Connie Zhou, Kim Kardashian, Tom Brady, Tyler Le, Louis, Mary Altaffer, Louis Vuitton, Tiffany, Van Cleef, — we've, David C Tomlinson, Muhammad Ali, Stevie Nicks, Jim, Jon Stewart's, Joi, Marie McKenzie, Dan DeFrancesco, Jordan Parker Erb Organizations: Service, Getty, New York, Vegas, Fontainebleau Miami Beach, Dior, Netflix, Warner Bros, Charlotte , North Carolina —, Paramount Locations: Fontainebleau, Fontainebleau Las Vegas, Sin City, New York City, California, St, New, Dior, Beverly, Phoenix, Scottsdale, Paradise, Beverly Hills of Arizona, Paradise Valley, Charlotte , North Carolina, New York

Fran Horowitz, Abercrombie & Fitch CEO: The future of retail is small, efficient, omni stores, and they're located where the customer tells us. I get really, really excited about what this means in the operations of the business, using predictive analytics to help us forecast demand. They're worldwide, a zillion stores, and their operations and execution, aside from their merchandising, I think they're always on top of the game. I think you're going to see an interaction with someone in a setting that doesn't look like retail, but looks like a fantastic experience. Nicholas of Sam's Club: Another retail standard that is really going to be important beyond the customer is energy.

Persons: Christina Locopo, Fran Horowitz, Abercrombie, Patrick MacLeod, WWD, Michelle Gass, Levi Strauss, they're, Jens Grede, Geoffroy van Raemdonck, Neiman Marcus, there'll, Trina, Patrick T, Fallon, Chris Nicholas, Kara Trent, Levi's Gass, Tom Ward, Erin Black, CNBC Abercrombie's Horowitz, Marc Lore, Mickey Drexler, TikTok, Adam Jeffery, Dave Kimbell, It's, Scott Mlyn, CNBC Neiman's van, you've, Yael Cosset, —, Ulta's, Arturo Holmes, Trent, That's, we've, Kroger's, Abercrombie's Horowitz, I've, Dia Dipasupil, Neiman's van, who's, Lulu, Drexler, Armour's, Dior, Louis Vuitton, Hermes, Armour Levi's Gass, Emma Grede, Kardashian, Kim, Geoffroy van Raemdonck Patrick Mckleod, Nicholas of Organizations: CNBC, Abercrombie, Fitch, Abercrombie & Fitch Co, Penske Media, Getty, Milken Institute Global Conference, AFP, Sam's, Technology, Walmart U.S, Walmart, New York Times, Navy, WWD, Young, Nike, TJX, Zara, Armour's Trent, Americas, Nicholas of Sam's, Sam's Club Locations: they're, Beverly Hills , California, New York City, America, New York, U.S, Skims, Inditex, Kara, Walmart's

☆ Beyoncé approves of cowboycore
▼ + stars: | 2024-02-16 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

Completing her look were a pair of aviator-style shades, an embellished head scarf and a stone-colored cowboy hat. In fact, Beyoncé hasn’t been without a cowboy hat in nearly two weeks. On TikTok #cowboycore has 11.4 million views and counting, where users video themselves styling a wide-brimmed rancher cap or, as in one video, pairing vintage leather chaps with a belted trench coat. Cowboy boots, for one, were plucked from their country context and thrust onto the urban streets of metropolitan cities years ago. The embroidered leather boots have been a mainstay of the style set ever since, transcending over the years from a subversive statement piece to something more timeless.

Persons: —, Houston , Texas —, Gaurav, Beyoncé hasn’t, Louis Vuitton, Stetson, There’s, Sunday Beyoncé, James Devaney, Bella Hadid, Tito, Hadid, klaxon, Kim Kardashian, Louis Vuitton’s, Tom Ford, Suzanne Plunkett, They’ve, Marilyn Monroe, Princess Diana, Britney Spears, Kate Moss, Celine, Raf Simons Organizations: CNN, Bushwick, New York, Sunday, Super Bowl, London Fashion, Reuters Locations: New, Houston , Texas, Texas, Weatherford , Texas, Paris

☆ The “Dune: Part Two” cast’s red carpet looks are out of this world
▼ + stars: | 2024-02-15 | by ( Jacqui Palumbo | ) edition.cnn.com time to read: +4 min

Doug Peters/PA Images/Alamy Images/Sipa USATimothée Chalamet in Haider Ackermann at the London premiere. Jeff Spicer/Getty ImagesLea Seydoux in an intricately-embroidered Louis Vuitton gown at the London premiere. Marc Piasecki/Getty ImagesChalamet in Prada at the Mexico City premiere on February 6. Medios y Media/Getty ImagesButler in Saint Laurent in Mexico City. Angel Delgado/Getty ImagesChalamet in Hermès at a Mexico City photocall on February 5.

Persons: ” Law Roach, Zendaya, Rick Owens, Timothée Chalamet, Alexander McQueen, Paul Atreides, Roach, Thierry, Haider Ackermann, Florence Pugh, Valentino, Lea Seydoux, Rebecca Ferguson, Louis Vuitton, Anya Taylor, Joy, Dior, Doug Peters, Chalamet, Mike Marsland, Jeff Spicer, Hannah McKay, Scott A, Thierry Mugler, Daniel Leal, Samir Hussein, Austin Butler, Gucci, Ferguson, Marc Piasecki, Geoffroy Van Der, Pugh, Butler, Angel Delgado, Jaime Nogales Organizations: CNN, Balmain, London, Getty, Reuters, Paris, Chalamet, Givenchy Haute Couture, Couture, Mexico City, photocall Locations: Mexico City, Paris, London, Fendi, Bottega Veneta, Zendaya, Roksanda, Louis, Givenchy Haute, Geoffroy Van Der Hasselt, AFP, Prada, Mexico, Saint Laurent, Hermès

☆ Taylor Swift's bad fashion isn't bad taste. It's strategy.
▼ + stars: | 2024-02-10 | by ( Savannah Bradley | ) www.businessinsider.com time to read: +8 min

AdvertisementIn December, Taylor Swift — Time's Person of the Year — glittered in front of the camera in a black bodysuit, a floor-skimming chenille dress, and a studded bustier gown. Crafting Swift's public imageThe Swiftian brand philosophy revolves around one essential idea: Taylor Swift is everyone's best friend. These choices are attainable, predictable, and unthreatening — purchases made by your best friend during a mall shopping spree. Lauren Sherman , Fashion Correspondent at Puck News , astutely labeled Swift's style as "Anthropologie Gone Wild" — mismatched, outdated, pedestrian, but instinctual. He's been running his own fashion brand for 20 years .

Persons: Taylor Swift, —, inoffensive, Swift, Jean Paul Gaultier, She's, doesn't, J, Lauren Sherman, astutely, Sherman, Swift's, Joseph Cassell Falconer, bedazzled Zuhair Murad bodysuits, Cookie Cohen, Taylor, Cohen, Yves Saint Laurent, they're, Kevin Mazur, Pharrell, Louis Vuitton, Rihanna, He's, Angelina Jolie Organizations: Service, Chiefs, Balmain, Urban Outfitters, Fashion, Puck, Swift, The New York Times, MTV Locations: Zara

☆ Paris 2024 Olympic medals to feature iron from the Eiffel Tower
▼ + stars: | 2024-02-08 | by ( Oscar Holland | ) edition.cnn.com time to read: +3 min

CNN —The medals at this year’s Olympics in Paris were not only inspired by the Eiffel Tower — they each contain an original piece of the 19th-century landmark. The design was overseen by French jeweler Chaumet, whose parent company LVMH signed a major sponsorship deal with Paris 2024 last summer. The Paralympics medal, meanwhile, is decorated with a graphical representation of the Eiffel Tower, as if viewed from below. From right: Tony Estanguet, president of the Paris 2024 Olympics organising committee on the Eiffel Tower with French cyclist Marie Patouillet, fencer Sara Balzer and athlete Arnaud Assoumani holding Olympic and Paralympic Games medals. In a statement announcing the designs, Paris 2024 President Tony Estanguet said the decision represented a “coming together” of the two events.

Persons: Chaumet, LVMH, Benoit Tessier Benoit Tessier, Clémentine Massonnat, Schaller, ” Massonnat, Tony Estanguet, Marie Patouillet, Sara Balzer, Arnaud Assoumani, Benoit Tessier, ”, Massonnat, Mathieu Lehanneur’s, Louis Vuitton, Moët Hennessy Organizations: CNN, Eiffel, Paris, Nike, Paralympic Games, Chaumet’s, Paralympic, Reuters, Olympic, Olympics, Dior Locations: Paris, Athens, French

☆ ‘Ghetto Fabulous’ on the Red Carpet
▼ + stars: | 2024-02-06 | by ( Sadiba Hasan | ) www.nytimes.com time to read: +1 min

The rapper leaned heavily into the era at the Grammy Awards on Sunday, wearing custom Baby Phat. She arrived in a fur-lined denim jacket and a matching maxi skirt that trailed behind her as she walked the red carpet. Baby Phat was started by Kimora Lee Simmons in 1999. But in its heyday Baby Phat never had a big presence on red carpets. Since then, though, streetwear and hip-hop have only become more influential at even the most rarefied houses.

Persons: Spice, Phat, Kimora Lee Simmons, women’s streetwear, Baby Phat, Missy Elliott, Lil ’ Kim, Jennifer Lopez, Simmons, —, Lil Durk, Pharrell Williams, Louis Vuitton

☆ How Vintage Won the Grammys Red Carpet
▼ + stars: | 2024-02-05 | by ( Vanessa Friedman | ) www.nytimes.com time to read: +1 min

But recently a different trend has been emerging, and at the 66th Grammys it reached critical mass. Indeed, it’s so applause worthy, here’s hoping it isn’t a trend at all but rather the signal of a permanent shift in the fashion-Hollywood industrial complex. Or as it is apparently now known, “archival” fashion. “Archival” here is being used to refer to anything that simply isn’t new. (Well, it was getting a little ridiculous to refer to two-season-old clothes as “vintage.”) That could mean clothes from a brand archive, or a personal one.

Persons: Louis Vuitton, Pharrell Williams’s

☆ LVMH takes aim at $30 billion watch market with high-end, reinvented pieces
▼ + stars: | 2024-02-03 | by ( Robert Frank | ) www.cnbc.com time to read: +5 min

Sales of luxury watches worldwide are estimated at about $30 billion this year, according to market research firm IMARC Group. A Zenith luxury watch at 2024 Watch Week in Miami. A Bulgari Serpenti Secret watch at 2024 Watch Week in Miami. A TAG Heuer luxury watch at 2024 Watch Week in Miami. A Zenith luxury watch at 2024 Watch Week in Miami.

Persons: Louis Vuitton, Bulgari, Dior, Frederic Arnault, LVMH, Bernard Arnault, CNBC Frederic Arnault, Benoit de Clerck, Jean, Christophe Babin, Babin, women's, —, Diamant, Tourbillon, Julien Tornare Organizations: IMARC, TAG, Zenith, CNBC, LVMH's, Executives, CNBC LVMH, CNBC TAG, Carrera, TAG Heuer Locations: Miami, America, U.S, Swiss, LVMH

☆ Demi Moore and her palm-sized pup is giving us serious Y2K vibes
▼ + stars: | 2024-02-02 | by ( Leah Dolan | ) edition.cnn.com time to read: +4 min

This week, while completing a press tour around New York for the FX series, “Feud: Capote vs. the Swans,” Demi Moore was hardly seen without her 1.5 pound dog, Pilaf, nestled in her elbow. “She is a treasure, she’s like my little extra heart.”On Monday, Moore was spotted again with her dog, Pilaf, this time in Tribeca. During the height of her influence, Paris Hilton was regularly seen with a fleet of chihuahuas in tow. Wearing a Versace lace tailored blazer dress, Moore held Pilaf like a tiny fluffy clutch bag. Moore is known to adopt and foster abandoned puppies (she currently has 10 at her home in Idaho) and is staunchly anti-puppy farms.

Persons: ” Demi Moore, Pilaf, Moore, Stephen Colbert — Pilaf, ”, Colbert, lister, Paris Hilton, Elle Woods, Hilton, Bruiser, Lindsay Lohan, Gucci, Blake Lively’s, James Devaney, WireImage, Louis Vuitton, chihuahuas, Pedro Pascal, Jeremy Allen White, Versace Organizations: CNN, Swans, Gotham Locations: New York, chihuahua, Tribeca, maltese, Idaho

☆ Clothing brands failing to eradicate forced labor risk in supply chains, research finds
▼ + stars: | 2024-02-01 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

(Photo by Edward Berthelot/Getty Images)Many of the world's major fashion brands are failing to address forced labor in their supply chains, according to a report, with French luxury giant LVMH among the worst performers. The research from KnowTheChain, an organization focused on forced labor in supply chains, analyzed 65 companies for exposure to forced labor risk. Guiding Principles on Business and Human Rights, KnowTheChain said companies scored on average 21/100. "They remain largely reactive to human rights violations, rather than evidencing robust, embedded human rights and environmental due diligence practices designed to prevent them," it added. "As such, it demonstrates that a corporate strategy which embeds human rights due diligence does not have to come at the cost of long-term sustainable growth or investor returns."

Persons: Louis, Yayoi, Louis Vuitton, Edward Berthelot, KnowTheChain, Veronique Rochet Organizations: Louis Vuitton's, Human, Puma, Adidas, P Retail, CNBC, PUMA, Fair Labor Association, Fair Labor Locations: Paris, France

☆ How 'quiet luxury' is subtly taking over investor portfolios
▼ + stars: | 2024-01-30 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +4 min

So what is "quiet luxury"? Quiet Luxury's outperformance over Loud Luxury in 2023. "Hence, in 2023, quiet luxury companies notably outperformed their loud peers by 23% points. According to DBS, a company fall under its categorization of "quiet luxury" if it's understated and focused on high quality, while maintaining exclusivity and scarcity. Loud luxury not in vogue

Persons: Karin Teigl, Kelly, Baum, Jeremy Moeller, Miu Miu, Brunello, Hou Wey Fook, Hermes, LVMH Moët Hennessy Louis Vuitton, Markus Hansen, Hansen, Goldman Sachs, — Organizations: Getty, DBS Bank, Financière Richemont, Swatch Group, DBS, Richemont, Swatch, CNBC, U.S Locations: VIENNA, AUSTRIA, Asia, South Korea, Japan, India

☆ This ETF tracking European stocks like LVMH gives U.S. traders access to a global comeback story
▼ + stars: | 2024-01-29 | by ( Katie Stockton | ) www.cnbc.com time to read: +7 min

Fairlead Strategies Disclaimer: This communication has been prepared by Fairlead Strategies LLC ("Fairlead Strategies") for informational purposes only. This material is for illustration and discussion purposes and not intended to be, nor construed as, financial, legal, tax or investment advice. Securities, investment products, other financial products or strategies discussed herein may not be suitable for all investors. The recipient of this information must make its own independent decisions regarding any securities, investment products or other financial products mentioned herein. This material is not to be reproduced or redistributed absent the written consent of Fairlead Strategies.

Persons: bellwether LVMH Moet Hennessy Louis Vuitton, IEUR Organizations: Fairlead, CNBC Pro, Securities Locations: Europe, IEUR, Japan

☆ China's luxury market is bouncing back with new areas of opportunity
▼ + stars: | 2024-01-29 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

The company's results showed that despite some resumption of overseas travel, more of China's consumers are buying luxury products at home. watch nowThe mainland China personal luxury market grew by about 12% last year to more than 400 billion yuan ($56.43 billion), according to consulting firm Bain & Company. "All of that data points to the importance of the Chinese luxury consumer and the China market," she told CNBC. Luxury brands have increasingly turned to online channels to ensure customer engagement, said Xing from Bain. As companies compete for a slice of the Chinese consumer market, one emerging segment is bedding and fine linen.

Persons: Louis Vuitton, they're, LVMH, Bernard Arnault, that's, Bain, Weiwei Xing, Cartier, Richemont, Burkhart Grund, Xing, Ding Shizhong, Ashley Dudarenok Organizations: Future Publishing, Getty, BEIJING, Bain & Company, CNBC, Consumers Locations: Shanghai, China, Hong Kong, Greater China, Macao, Bain

☆ LVMH shares jump 8% as earnings point to luxury sector resilience
▼ + stars: | 2024-01-26 | by ( Elliot Smith | ) www.cnbc.com time to read: +3 min

Bernard Arnault, Chairman and CEO of LVMH Moet Hennessy Louis Vuitton, speaks during a press conference to present the 2023 annual results of LVMH in Paris, France, January 25, 2024. LVMH shares jumped more than 8% on Friday morning, after the world's largest luxury group posted higher-than-expected sales for 2023 and raised its annual dividend. The result was boosted in particular by 14% annual growth in the critical fashion and leather goods sector, along with 11% growth in perfumes and cosmetics. After a boom during the pandemic, the luxury sector endured a rough end to 2023 as challenging geopolitical and macroeconomic conditions weighed on consumer spending, particularly in the U.S. and China. Javier Gonzalez Lastra, portfolio manager of the Tema Luxury ETF, told CNBC on Thursday that investors are trying to gauge where the bottom of the earnings cycle revision is for the luxury sector.

Persons: Bernard Arnault, LVMH Moet Hennessy Louis Vuitton, LVMH, Louis Vuitton, Hennessy, Bulgari, Javier Gonzalez Lastra Organizations: LVMH, Chandon, Givenchy, Novo Nordisk, Burberry, CNBC, Paris Locations: Paris, France, U.S, China, LVMH, Tema

☆ Living in New York City in my 20s wasn't worth it. I was finally able to save up 6 figures after leaving the city.
▼ + stars: | 2024-01-25 | by ( Lola Méndez | ) www.businessinsider.com time to read: +6 min

Writer Lola Méndez moved to New York City in 2009 to finish her college degree. AdvertisementWhen I moved to New York City from Los Angeles in 2009 to finish my college degree, I was stunned at how much more expensive rent is in New York City and how little you get for the hefty price. I paid rent from scholarship funds, grants, and student loans. I was living in studios in New York, but it wasn't sustainableI paid $1,300 for a tiny studio on 64th and West End in 2009. AdvertisementI thought I had to live in New York to be successful, but it wasn't worth the lack of saving in my 20s.

Persons: Lola Méndez, Méndez, —, Louis Vuitton, I've, New York I'm, haven't, Chaing, I'm Organizations: Service, West Hollywood, NYPD Locations: New York City, Los Angeles, West, New York, Lower, Stanton, Ludlow, Manhattan, Uruguay, California, Madrid, Chaing Mai, Thailand, Vietnam, Montevideo, Puerto Vallarta, Mexico

☆ Paris Fashion Week: What we saw at the Fall-Winter 2024 menswear shows
▼ + stars: | 2024-01-23 | by ( Samantha Tse | ) edition.cnn.com time to read: +8 min

Paris CNN —The Fall-Winter 2024 menswear shows in Paris saw the return of Balmain Homme after a four-year absence, Givenchy’s first collection since Matthew Williams’ departure and the runway debut of fashion company 032c. Je T’imbsParis fell hard for Timberland’s iconic six-inch yellow boots last week, in what is the heritage American brand’s 50th anniversary year. They look Black, they look Native American.”Shoes as armorIn many collections this season, sneakers were swapped for more formal footwear options. Models at Balmain Homme wore shiny black block-heeled boots encrusted with crystal detailing or monochrome square-toed wingtip boots with loose-cut trousers in bold colors. Ballet dancer Rudolf Nureyev provided inspiration from the ground up for Kim Jones' Dior Homme collection.

Persons: Givenchy’s, Matthew Williams, Aaliyah, Tupac, B.I.G —, Louis Vuitton, Wales Bonner, Vuitton, Francois Durand, Pharrell Williams, Timbs ”, ”, Maisie Willoughby, “ Howard ”, Ik, Rhude, Mike Amiri, Grandpa cardigans, Louis, ” Williams, “, Shutterstock, Rick Owens, Valerio Mezzanotti, Van Noten, Kim Jones, Dior Homme, Straytukay, Owens, Balletcore, Balletcore ”, Dior, Rudolf Nureyev, Jones ’, Colin Jones, Jones, Valentino’s Pierpaolo Piccioli, Valentino, Pierpaolo, Givenchy —, Matthew M, Williams, —, Hubert de Givenchy’s Organizations: Paris CNN, Balmain Homme, American, Louis, Getty, Vuitton, Wales, Ivy, Black Howard University, Lakota, Vogue Locations: Paris, Italy, Washington, Wales, American, Los Angeles, Amiri's, Dakota, Van, Belgian, London, Russian, Givenchy

☆ Bernard Arnault, the world's 3rd-richest person, is set to appoint 2 more of his children to the LVMH board
▼ + stars: | 2024-01-23 | by ( Grace Dean | ) www.businessinsider.com time to read: +3 min

Read previewBernard Arnault, the world's third-richest person, is set to appoint two more of his children to LVMH's board, France's La Lettre first reported. The French billionaire plans to propose his sons Alexandre Arnault, 31, and Frédéric Arnault, 29, as board members, the reports say, quoting unnamed sources. Four of Arnault's five children will sit on the LVMH board if their appointments are confirmed. Arnault cofounded LVMH in the 1980s and is its CEO and chairman. In May 2023, he became the third person to be worth more than $200 billion, according to the Bloomberg Billionaires Index.

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