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How luxury giant LVMH built a recession-proof empire
  + stars: | 2023-05-18 | by ( Natalie Rice | ) www.cnbc.com   time to read: +2 min
Luxury giant LVMH Moët Hennessy Louis Vuitton, more commonly known as LVMH , has grown into a $500 billion powerhouse conglomerate of 75 distinguished brands, or "maisons," rooted in six different sectors — with no plans to slow down. The company recorded revenue of 79.2 billion euros, or about $86.3 billion, last year, an increase of 23% from 2021 revenue. Though managed by LVMH, each maison has creative control over its own brand, with its own C-suite executives and mission. LVMH consistently collaborates with celebrities, fashion icons and influencers in order to stay relevant for the younger luxury crowd. Remaining relevant is key to longevity in luxury — and LVMH's strategy in building a brand that not only endures but continues to excel.
The all-inclusive resorts are happy to oblige. “Primarily, the difference is in the location, the higher level of accommodations and more personalized guest services — not to mention bragging rights,” said Mr. Fareed, the hospitality consultant. Big-name hotel brands including Marriott and Hyatt are entering the scene with their own ultraluxe all-inclusives. W Hotel (part of Marriott) is planning its all-inclusive Dominican Republic debut in 2025, while Hyatt is opening its new Inclusive Collection portfolio of resorts in Portugal, Mexico and Bulgaria. It follows in the footsteps of the Château de Villiers-le-Mahieu, an upscale all-inclusive estate that opened its doors in 2019 in a wooded park 45 minutes outside Paris.
Inato, which matches pharma companies with hospitals for clinical trials, just landed $20 million. Three months after raising $14 million in Series A funding in February 2020, Inato's founders realized they were making the wrong product. The Paris-based startup was founded in 2016 to help pharmaceutical companies find the right sites to conduct their clinical trials. Now, pharma companies post their clinical trials onto Inato's platform, and sites can apply for the trials they're interested in. Inato provided Insider with the pitch deck it used to raise $20 million in Series A-2 funding.
Can ChatGPT be a doctor?
  + stars: | 2023-04-10 | by ( Asia Martin | ) www.businessinsider.com   time to read: +4 min
My colleague Emilia David will take over for the rest of this week until Diamond Naga returns from her much-needed vacation. Can ChatGPT be a doctor? One physician said the AI chatbot was "better than many doctors" he's observed when it came to clinical diagnosis. The doctor said the diagnosis didn't differ from what he would have determined. ChatGPT may have passed the exam, but it's still unable to take the Hippocratic oath, where doctors swear to abide by a set of professional ethical standards.
Revolve's co-CEO said generative AI might lead to budgets shifting for future ad campaigns. What made these particular billboards different from other out-of-home creative is that they were developed using generative AI tools. Thanks to the generative AI explosion, anyone can create a piece of art just by typing in a prompt. Using generative AI to create high-quality images for ads, especially scaled to billboard size, is a huge challenge because it's difficult to control the final result. AI-generated billboard art RevolveThere are time and cost savings when using generative AI tools, Foiret said.
A 300-Year-Old Charleston Home Lists for $2.95 Million
  + stars: | 2023-03-27 | by ( Sarah Paynter | ) www.wsj.com   time to read: 1 min
Be the first to know about the biggest and best luxury home sales and listings by signing up for our Mansion Deals email alert. A roughly 300-year-old home, one of the oldest in Charleston, S.C., is listing for $2.95 million, said listing agent Mary Lou Wertz of Maison Real Estate.
ONE CHILLY Parisian Friday evening five years ago, our French neighbors invited us downstairs for an apéro. As an American expat whose grasp of the language was embarrassingly subpar, I remember dreading this hangout. When my husband and I walked in, there was the expected bottle of Champagne on a low marble table ready for service next to unexpected glassware: Champagne coupes. I had always understood that Champagne should be poured into flutes to maintain the bubbles, and here was my neighbor, a French person who should know, setting out coupes. I’d thought they would be used for cocktails, wine, even desserts.
[1/2] U.S. Treasury Secretary Janet Yellen gives a speech after she visited the House of Slaves (Maison des Esclaves) at Goree Island off the coast of Dakar, Senegal January 21, 2023. "The Inflation Reduction Act is offering meaningful tax credits to spur clean energy investment and production. Importantly, the law deliberately encourages place-based investments," Yellen said in excerpts of remarks for delivery at the Ultium Cells plant. EUROPEAN COMPLAINTSBut European and Asian allies have complained that the Inflation Reduction Act's tax subsidies will pull green investments away from those regions toward the United States. Le Maire also said that U.S. rules on the tax credits, now being finalized by Yellen's staff, should be made available to a "maximum" of European components.
[1/3] Maison Deschamps climbs Chase Tower in Phoenix, Arizona, U.S. February 7, 2023 in this still image taken from social media video. Jim Wyatt/via REUTERSFeb 7 (Reuters) - An anti-abortion activist scaled the 40-story Chase Tower in downtown Phoenix on Tuesday, local media reported, days before the area hosts Super Bowl LVII. "This is a stupid, stupid move. It is unclear if Des Champs was taken into custody. Des Champs, who appeared to have scaled the Chase Tower without ropes, has been arrested several times over the last year after climbing buildings in Los Angeles, Oklahoma City and San Francisco.
Frustrated by the delays, U.S. Treasury Secretary Janet Yellen and International Monetary Fund Managing Director Kristalina Georgieva arrived for separate visits in Zambia on Sunday. Both see a new sovereign debt roundtable - introduced late last year - as a way to make progress on long-stalled debt restructuring processes. Yellen told Reuters en route to Zambia she supported the roundtable as a forum for discussing general principles of debt relief. Yellen, however, noted rates were nowhere near those seen under Volcker and inflation was not out of control. "We're in a higher interest rate environment, and that's something that's linked to the strong dollar, and weaker currencies for many emerging markets, but also Japan and other countries," Yellen said.
[1/2] Designer Rabih Kayrouz poses before his Haute Couture Spring/Summer 2023 collection show for fashion house Maison Rabih Kayrouz in Paris, France, January 23, 2023. REUTERS/Sarah MeyssonnierPARIS, Jan 23 (Reuters) - Maison Rabih Kayrouz took to the runway on Monday for the first time in three years, showing an elevated collection that toyed with the boundaries of ready-to-wear and haute couture fashion. "For me, haute couture is not one style, not one situation - it's know-how," he told reporters after the show. The show took place on the first day of Haute Couture Week in Paris, which runs through Thursday and features the most prestigious fashion houses, including Christian Dior and Chanel. Reporting by Mimosa Spencer in Paris Editing by Matthew LewisOur Standards: The Thomson Reuters Trust Principles.
[1/2] U.S. Treasury Secretary Janet Yellen gives a speech after she visited the House of Slaves (Maison des Esclaves) at Goree Island off the coast of Dakar, Senegal January 21, 2023. REUTERS/Ngouda DioneLUSAKA, Jan 23 (Reuters) - U.S. Treasury Secretary Janet Yellen said on Monday during a visit to Zambia that it was critically important to restructure Zambia's debt, and she believed progress could be made after her frank talks with key creditor China last week. Yellen added that Zambia's debt overhang was a drag on its whole economy and that China had been a barrier to reaching a resolution on the southern African country's debt problem. "I specifically raised the issue with Zambia (with Chinese officials) and asked for their cooperation in trying to reach a speedy resolution. She said it was also critically important for Zambia to address corruption and human rights, and create a business environment that would promote investments and trade.
REUTERS/Ngouda DioneGOREE ISLAND, Senegal, Jan 21 (Reuters) - U.S. Treasury Secretary Janet Yellen on Saturday spoke of the "unspeakable cruelty" and enduring consequences of the trans-Atlantic slave trade, but said she was heartened by signs of progress and renewal in both the United States and Africa. "Ultimately, Gorée Island reminds us that the histories of Africa and America are intimately connected," Yellen said after touring the island. Goree's mayor Augustin Senghor presented Yellen with a certificate appointing her as a lifetime ambassador of the island's history. "With remembrance, I believe, can come progress and renewal," Yellen said, highlighting what she called "signs of vibrant life around Gorée — a prominent art scene, a place of education, and thousands who call this place home." Reporting by Andrea Shalal; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.
[1/7] A model presents a creation by designer Matthew M. Williams as part of his Menswear ready-to-wear Fall/Winter 2023-2024 collection show for fashion house Givenchy during Men's Fashion Week in Paris, France, January 18, 2023. REUTERS/Sarah MeyssonnierPARIS, Jan 18 (Reuters) - Givenchy creative director Matthew Williams hit the runway Wednesday with a collection of layered looks for men, piling suit jackets on top of hoodies and wide-legged bermudas. Adding texture, the designer of the LVMH-owned (LVMH.PA) French fashion house also wove patches of colour and distressed elements into the line up, which included furry coats in bright colours, shiny puffer coats and exotic skin patterns. The event was held on the second day of Paris Fashion Week's menswear shows, which lasts through Jan. 22 and include high end labels Louis Vuitton, Dior Homme, Hermes and Maison Margiela. European fashion labels are looking to tap into the global popularity of South Korean stars, with an eye to younger shoppers, and the latest flurry of tie-ups include BTS' Jimin for Dior and rapper Suga at Valentino, also announced this week.
[1/5] A model presents a creation by designer Anthony Vaccarello during his Menswear ready-to-wear Fall/Winter 2023-2024 collection show for fashion house Saint Laurent as part of Men's Fashion Week in Paris, France, January 17, 2023. REUTERS/Benoit TessierPARIS, Jan 17 (Reuters) - French luxury house Saint Laurent kicked off Paris Fashion Week's menswear shows Tuesday night with a sleek lineup of sharply tailored evening looks for men, drawn up by designer Anthony Vaccarello. Models strode on pointy, heeled boots, their turtlenecks pulled up high, while tightly cinched overcoats were worn with the collars turned up. She continued to play as Vaccarello walked out for his bow, prompting a burst of applause and cheers from the audience. Paris Fashion Week's menswear collections run through Jan. 22, and will feature shows from high-end labels including Louis Vuitton, Dior Homme, Givenchy, Hermes and Maison Margiela.
Future Publishing | Future Publishing | Getty ImagesBEIJING — Wealthier Chinese were more inclined to spend this year, while poorer people cut back on spending even more, McKinsey and Company found in a survey released Thursday. The divergence contrasts with 2019, before the pandemic, when "there was little differentiation in spending between the two groups," the McKinsey analysts said. Only 14% of that income group said they significantly cut their spending. "So, the more affluent group continues to spend, while lower-income groups are more hesitant and hold spending decisions." The share of urban households wanting to save "for a rainy day" rose to 58% — its highest since 2014, the McKinsey survey found.
And that’s exactly where inflation can get “sticky,” meaning once prices for services rise they tend to remain at those levels for some time. “When you have strong price pressures in the services sector, they’re likely to last longer,” Nicaj said. That’s the risk that you also take as a business raising prices, because you may lose clients.”To Ryczko, it’s a strategic balancing act. Courtesy Genora Boykins and Sharon Owens“I don’t know of any goods that we are utilizing that haven’t increased in cost,” Boykins said. “Even if it doesn’t necessarily turn around, at least you don’t want [prices] to continue to escalate month after month after month.”
A view shows a Baccarat crystal perfume bottle made for Maison Psyche fragrance, a luxury perfume by French spirits group Remy Cointreau in this picture released by Remy Cointreau on October 21, 2022. Alice Fenwick - Remy Cointreau/Handout via REUTERSPARIS, Oct 21 (Reuters) - Known for its prized Louis XIII cognac, Remy Cointreau (RCOP.PA) is entering the luxury fragrance market with the launch of Maison Psyche, an upscale perfume house that will sell scents starting at 5,500 euros a bottle. The French spirits group will draw on its experience in blending and ageing spirits, as well as marketing to high end clientele, as it seeks to tap into affluent consumers' thirst for exclusivity. The new business could be “potentially strategic,” Remy Cointreau chief executive Eric Vallat told Reuters. Remy Cointreau's Maison Psyche was born from the collaboration of Baptiste Loiseau, Cellar Master of Remy Martin and Sophie Labbe, Principal Perfumer of Switzerland's fragrance group Firmenich.
"There is more asset allocation towards baskets that combine the top five or 10 crypto assets by market cap. TICK BY TICKMost active crypto ETP products are registered outside the United States, though, with Switzerland, Canada, Australia and Brazil racing ahead with spot crypto offerings. One reason is that U.S. regulators have turned down several applications for spot bitcoin funds, which mirror the cryptocurrency's price movements tick-by-tick, citing multiple reasons including a lack of surveillance-sharing agreements with regulated markets relating to the spot funds' underlying assets. The world's largest bitcoin fund, Grayscale Bitcoin Trust (GBTC.PK), is down 34% in the same time. At Grayscale's Bitcoin Trust, the AUM have tumbled to $12.2 billion from over $30 billion at the end of 2021, data from the firm showed.
A bitcoin representation is seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, June 23, 2017. "Bitcoin miners have continued to watch margins compress - the price of bitcoin has fallen, mining difficulty has risen and energy prices have soared," said Joe Burnett, head analyst at Blockware Solutions. That's put serious pressure on some players who bought expensive mining machines, or rigs, banking on rising bitcoin prices to recoup their investment. Shares of Marathon Digital (MARA.O), Riot Blockchain (RIOT.O) and Valkyrie Bitcoin Miners ETF (WGMI.O) have sunk more than 60% this year, for example, while crypto-mining data center operator Compute North filed for bankruptcy last week. "From managing their balance sheet, processing units and energy costs, miners will look to stay afloat regardless of current market conditions," he added.
В департаменте Аверон, Франция, в средневековом городе Северак-ле-Шато, находится Maison de Jeanne – здание, построенное из камня в XIII веке. Это самое старое каменное здание во Франции, оно заселено, и в настоящее время дом реставрируется. В июле и августе в Maison de Jeanne организуются мероприятия. Аверон является частью национального парка Севенны. К туристическим достопримечательностям относятся замок Нажак, средневековые руины на вершине холма, а также другие замки и монастыри, такие как аббатство Конк, аббатство Сильванес, аббатство Бонневаль и аббатство Лок-Дье.
Persons: Maison, Jeanne –, Maison de Jeanne, Конк, Бонневаль Locations: Аверон, Франция, СевераклеШато, Руэрг, Севенны, Нажак, Сильванес, ЛокДье
FC Nantes a oficializat numirea lui Raymond Domenech în funcţia de antrenor al clubului din Ligue 1. Fostul selecționer al naționalei Franței a semnat un contract până la finalul sezonului curent cu echipa de pe Stade de la Beaujoire. Astfel, tehnicianul l-a înlocuit pe Christian Gourcuff care a fost demis din cauza rezultatelor slabe și revine în antrenorat după o perioadă de 10 ani.Ultima oară, Domenech a pregătit reprezentativa Franţei, în 79 de meciuri, unde a petrecut şase ani, între 2004 şi 2010. Cu el pe bancă, "Les Bleus" s-au calificat în finala Campionatului Mondial din 2006 dar au fost învinși la loviturile de departajare de Italia.De-a lungul carierei, noul antrenor al "canarilor" a mai pregătit echipele FC Mulhouse, Olympique Lyon dar şi naţionala de tineret a Franței.Raymond Domenech nu va avea o misiune deloc ușoară la FC Nantes, care ocupă în prezent locul 16 în clasamentul campionatului francez de fotbal și este la trei puncte distanță de zona retrogradării.Tehnicianul, în vârstă de 68 de ani, își va începe activitatea la "La Maison Jaune" pe 6 ianuarie în partida din etapa a 18-a cu Stade Rennais.
Persons: Raymond Domenech, Christian Gourcuff, Domenech Organizations: FC Nantes, Ligue, Stade, FC Mulhouse, Olympique Lyon, Stade Rennais Locations: Franței
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