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☆ For LVMH, the Olympics Are Welcome, but Not Without Risk
▼ + stars: | 2024-07-21 | by ( Claire Moses | ) www.nytimes.com time to read: +1 min

Among the dozens of sponsors of this summer’s Olympic and Paralympic Games in Paris, one will be by far the most visible and influential: LVMH, the French luxury goods conglomerate. The company has invested 150 million euros ($163 million) in the 2024 Olympic Games, a gamble for a brand that has long marketed its goods to the upper echelons of society. Louis Vuitton created the trunk that carries the Olympic torch and the medal trays for the victory ceremonies. Mr. Arnault is the chairman of Loro Piana and the oldest son of Bernard Arnault, the chairman and chief executive of LVMH. “We decided that if we were going to do it, it was going to be new.

Persons: Louis Vuitton, Chaumet, Carine Roitfeld, ” Antoine Arnault, Arnault, Loro Piana, Bernard Arnault, “, Mr, ” Organizations: Paralympic Games, Eiffel, Games, The New York Times Locations: Paris, Marseille, LVMH

☆ River Seine still not safe for swimming on most days due to E. Coli bacteria levels, with Olympics set to start on July 26
▼ + stars: | 2024-07-11 | by ( Billy Stockwell | ) edition.cnn.com time to read: +7 min

As recently as June 30, following rain the previous day, E. Coli levels increased to around 2000 CFU/100mL at Alexandra III Bridge. But E. Coli levels near Alexandra III Bridge still climbed to around 10000 CFU/100mL on the second day of rain. Longer term trends show there has been a “significant improvement” in water quality, according to Dan Angelescu, the company’s CEO. That’s more than three times higher than the level needed for “good” water quality, according to CNN’s calculation. In comparison, between June 24 and July 5, average E. Coli levels dropped to around 880 MPN/100mL, according to Fluidion.

Persons: CNN — Weeks, Alexandre III, ” Antoine Guillou, Mayor Anne Hidalgo, that’s, “, –, Emmanuel Dunand, ” Guillou, “ We’ve, Dan Angelescu, Dimitar Dilkoff, ”, Guillou, CNN’s Organizations: CNN, Olympic, Olympics, Paris, French, Mayor, France Inter, CFU, City, Palais, Getty, Authorities, Paris . Technology, Fluidion, Paralympic Games, Games Locations: Paris, Seine, Alexandra, City of Paris, AFP, ., Austerlitz, Alexandre, Essonne, Val, de, Marne

PARK CITY, Utah (AP) — Chiwetel Ejiofor had read Jeff Hobbs’ “The Short and Tragic Life of Robert Peace” years before Antoine Fuqua asked if he might consider writing and directing an adaptation. Some of the narratives chalked it up to the fact that he went back to where he came from. “I thought it was very special and very powerful,” Ejiofor told The Associated Press in a recent interview. “I never felt that it was a story about somebody who was able to play a role in different places,” Ejiofor said. Ejiofor wants audiences to have a sense of hope in Rob’s story as well as to feel enriched by knowing him.

Persons: Chiwetel Ejiofor, Jeff Hobbs ’, Robert Peace ”, Antoine Fuqua, Peace’s, “, Peace, Ejiofor, Hobbs, ” Ejiofor, hadn’t, Fuqua, Rebecca, ” Antoine Fuqua, Rob Peace ”, ”, Alex Kurtzman, Rob, Jay Will, Jay, He’s, Maisel ”, Taylor Sheridan’s “, Mary J, Blige, Jackie, Camila Cabello, Naya, Skeet, he’d, Kurtzman marveled, —, ” Kurtzman, He’d, Ksenia Sereda, you’re Organizations: Yale, St, Benedict’s Preparatory School, Associated Press, Sundance, Taylor Sheridan’s “ Tulsa Locations: CITY , Utah, East Orange , New Jersey, Newark, Malawi

☆ What’s in a Name? For These Design Brands, Generations of Expectations.
▼ + stars: | 2023-08-31 | by ( Stephen Treffinger | ) www.nytimes.com time to read: +1 min

Antoine, 43, joined in 2006 as an executive vice president overseeing Ligne Roset’s North American division. Ligne Roset has long collaborated with emerging designers, and the pair considers putting money into equipment to support new design an essential component for moving forward. “It is key for a manufacturer who wants to be at the forefront of design and development,” Antoine said. In collaboration with a California biotechnology company called MycoWorks, the cousins are developing a new type of vegan leather made from mushrooms. Other companies are experimenting with alternatives to hides, they noted, but Ligne Roset wants to be the first to have a sustainable vegan leather on permanent offer in their products.

Persons: Antoine, Olivier, Ligne Roset, ” Antoine, Michel Ducaroy Organizations: Ligne, North Locations: Briord, France, California, Togo

☆ Twitterverse vigilance scares LVMH CEO into dumping his private plane
▼ + stars: | 2022-10-19 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +2 min

Renault, 73, the world’s second-richest man with a net worth of over $149 billion, said he has sold his private jet because he was Twitter-shamed over his frequent plane use. “Indeed, with all these stories, the group had a plane and we sold it,” Arnault told an LVMH-owned radio station, on Monday. “It’s not very good that our competitors can know where we are at any moment,” Antoine Arnault told the radio station. Elon Musk tried to pay off a 19-year-old from Florida to stop tracking his private jet use. Jack Sweeney rejected the $5,000 offer from Musk to delete his Twitter account that tracks the Musk’s private jet journeys.

☆ Markets hate Liz Truss’ plan for the UK. Just look at these charts
▼ + stars: | 2022-09-23 | by ( Julia Horowitz | ) edition.cnn.com time to read: +3 min

London CNN Business —When the UK government, led by new Prime Minister Liz Truss, unveiled its plan to rescue the British economy on Friday, the reaction from investors was instantaneous: They hated it. UK stocks, as measured by the FTSE 100 (UKX) in London, hit their lowest level since March. The Bank of England on Thursday pushed its key rate to its highest level since 2008. “It makes me very sorry to say, but I think the UK is behaving a bit like an emerging market turning itself into a submerging market,” Summers said. “We think the market may be underpricing the chances of parity.”

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