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AdvertisementChina's KFC and Pizza Hut CEO said that she sits and watches her customers eat. Joey Wat, the head of KFC and Pizza Hut in China, has an unusual approach to designing new products: She sits in restaurants for hours, watching her customers eat. Wat is the CEO of Yum China, the company that owns KFC, Taco Bell, Pizza Hut, and other fast-food brands in the country. According to Yum China, KFC is China's most popular fast-food chain, with over 11,000 outlets in the country. Representatives of Yum China didn't respond to a request for comment from Business Insider.
Persons: Jason Buechel, LVMH's Bernard Arnault, Joey Wat, Wat, Fortune, Sam Walton, Laxman Narasimhan, foodie, Buechel, Bernard Arnault, Celine, Louis Vuitton, Christian Dior, Alexandre Arnault Organizations: Pizza, KFC, Yum, Taco Bell, Global, New York City, Walmart, Starbucks, Foods, Tiffany, Bloomberg, Business Locations: China, Yum China, New York, Austin
Bernard, CEO and chairman of LVMH, is the world's richest person with a $158.5 billion net worth. Related Video 5 ways Elon Musk shook up Twitter as CEOAlexandre Arnault and Bernard Arnault in 2016. Representatives for LVMH, Arnault, and Guiony did not respond to requests for comment from Business Insider. The new appointments also drum up speculation about who will succeed Bernard as LVMH's CEO. The Arnault family has been compared to the Roy family, the subjects of the HBO drama, "Succession."
Persons: Alexandre Arnault, Moët Hennessy, Bernard Arnault's, , Bernard Arnault's multibillion, LVMH, Bernard, Christian Dior, Bernard's, Alexandre, Elon Musk, Bernard Arnault, Donato Sardella, Louis Vuitton, Jean, Jacques Guiony, Guiony, — Alexandre, Frédéric —, Delphine Arnault, Dior Couture, Antoine Arnault, Antoine, Jean Arnault, Roy, Roy family's Organizations: Service, company's Sustainability, LVMH's, Product, Communications, Tiffany, LVMH, Business, Reuters, Christian Dior, HBO, New York Times Locations: LVMH
Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . In today's big story, Netflix's earnings report comes as Wall Street wonders if the king of streaming can keep its crown . Business Insider's Lucia Moses outlined investors' key questions about Netflix ahead of its third-quarter earnings call this afternoon. The NFL is coming to the streamer this Christmas, with Netflix showing two games on the holiday.
Persons: , Leapmoter, Chelsea Jia Feng, Business Insider's Lucia Moses, Alain Tascan, Jamie Squire, — Peacock, BI's Peter Kafka, There's, Patrick Mahomes, Lamar Jackson, Mike Kemp, Louis Vuitton, Christian Dior, iStock, Rebecca Zisser, Harris, Elon Musk's, Elon, Tyler Le, it's, Amy Powell, El, Dan DeFrancesco, Jordan Parker Erb, Hallam Bullock, Milan Sehmbi, Amanda Yen Organizations: Business, Service, EV, Netflix, Epic Games, NFL, NBA, Getty, Louis, BI, Trump, House, SpaceX, Elon Musk's, California Coastal Commission, Paramount, NATO Locations: Europe, Swedish, California, Hollywood, El Mayo, Sinaloa, New York, London
The Dior and Louis Vuitton parent pointed to weak consumer demand in China. Wall Street analysts say recent stimulus measures likely won't be enough for spending in China to rebound. The company pointed to overwhelmingly weak demand in China, with organic sales in Asia (excluding Japan) falling 16%. The company gave vague forward guidance, and analysts on Wall Street say the country's recent stimulus won't be enough to reverse the weak demand. China's latest stimulus package, unveiled late last month, has aimed to prop up the country's weak consumer demand and struggling property sector.
Persons: LVMH, Hermes, Dior, Louis Vuitton, , Christian Dior, Jean, Jacques Guiony, Guiony, We've Organizations: L'Oreal, Wall Street, Service, Wall, Citigroup Inc Locations: China, Asia, Japan
LVMH reported a 3% decline in sales in its most recent quarter. The drop is driven by decreased demand from Chinese consumers, affecting luxury sales. AdvertisementFrench luxury conglomerate LVMH, the world's largest luxury company, reported a 3% year-on-year decline in sales in its most recent quarter. On Wednesday, LVMH shares fell by nearly 7% in early trading, driven by waning demand from Chinese consumers, who were once key spenders of European luxury goods. Some Chinese luxury consumers have been flocking to Japan to take advantage of lower prices caused by the country's currency downturn.
Persons: LVMH, , Louis Vuitton, Christian Dior —, lockdowns, Jean, Jacques Guiony Organizations: Service, Louis, National Development, Reform Commission Locations: Beijing, China, Covid, Asia, Japan, United States, Europe
European stocks took a hit as China's stock rally lost momentum. A lack of new stimulus details from China has affected the luxury sector. AdvertisementEuropean stocks took a hit on Tuesday as China's stock rally cooled following a lack of much-awaited details about how the government plans to support economic growth in the country. Investors were expecting the National Development and Reform Commission, China's top economic planner, to provide fresh information regarding stimulus plans at a press conference on Tuesday. Luxury brands have seen sales suffer in China in recent months amid the country's economic slowdown.
Persons: , Louis Vuitton, Christian Dior, Gucci, Burberry, Kering, Marc Jacobs Organizations: Service, Investors, National Development, Reform Commission, Louis, Burberry Locations: China, LVMH, Asia, Japan, Pacific
SEOUL, South Korea — Prosecutors in South Korea have decided not to charge first lady Kim Keon Hee over allegations of inappropriately accepting gifts last year, including a Christian Dior handbag, the Yonhap news agency reported, citing the Seoul prosecutors’ office. The scandal has caused a political uproar in South Korea and contributed to a bruising election defeat for President Yoon Suk Yeol’s governing party in April. Prosecutors also decided to drop graft charges against the pastor, Rev. Choi had told reporters, when he appeared for questioning by prosecutors, that he asked for several favors when he handed the gifts to Kim. Opposition lawmakers have called for a special counsel investigation into the case and allegations of other irregularities involving the first lady.
Persons: Kim Keon Hee, Dior, Yoon Suk, Kim, Yonhap, Prosecutors, Abraham Choi, Yoon, Choi, Organizations: South Korea — Prosecutors, , Seoul Central, Prosecutors ’, Yoon YouTube Locations: SEOUL, South Korea, Seoul
Paris Fashion Week: The best celebrity looks
  + stars: | 2024-09-27 | by ( Leah Dolan | ) edition.cnn.com   time to read: +2 min
Pascal Le Segretain/Getty ImagesKylie Jenner at Schiaparelli. Neil Mockford/GC Images/Getty ImagesRob Lowe. Pascal Le Segretain/Getty ImagesNicole Richie at Saint Laurent. Pascal Le Segretain/Getty ImagesGwyneth Paltrow. Neil Mockford/GC Images/Getty Images
Persons: Kendall Jenner, Bella Hadid, Miu Miu, Louis Vuitton, Here’s who’s, Daniel Craig, Rachel Weisz, Loewe, Stephane Cardinale, Corbis, Kloss, Jacopo Raule, Jeff Goldblum, Emilie Livingston, Pascal Le Segretain, Kylie Jenner, Scott A, Willow Smith, Lila Moss, Neil Mockford, Rob Lowe, Sienna Miller, Laurent Vu, Bauer, Griffin, Anya Taylor, Joy, Natalie Portman, Christian Dior, Swan, Lauren Hutton, Saint Laurent, Marechal Aurore, Cyril Pecquenard, USA Cole Sprouse, Kelly Rutherford, Abdul Saboor, Jennifer Garner, Kate Moss, Zoë Kravitz, Saint, Aitor Rosas Sune, WWD, Juliette Lewis, Nicole Richie, Gwyneth Paltrow Organizations: CNN, Paris, Callaway, Balmain, Getty, Christian, Abaca, Dior, Saint Locations: Schiaparelli, Chloé, Saint Laurent
But she's remained largely absent from Donald Trump's 2024 campaign. For most attendees, it was likely their first time seeing Melania Trump in months. After her husband lost to President Joe Biden in the 2020 presidential race, Melania Trump retreated from the public eye. She has remained largely absent from Donald Trump's public endeavors, including most of his current reelection campaign. While Melania Trump has taken a behind-the-scenes approach to her husband's campaign, she's been spotted at other public events and around Trump family properties.
Persons: Melania Trump, she's, Donald Trump's, , Dior, Joe Biden, Biden, Donald Trump, she'll Organizations: Republican National Convention, Service, Press, CNN Locations: Pennsylvania, Trump
CNN —Taylor Swift was among the many stars to channel ’90s fashion at the MTV Video Music Awards on Wednesday, wearing a chic taffeta bustier and skirt by Dior. But with its punk-accented stylings, in the form of black buckles, collar and zipped fitted front, Swift’s version is, by far, the edgiest. Quoting its founder Christian Dior, the brand called tartan “the only fancy fabric that resists fashions” in the show notes. The look on Wednesday night was a departure from Swift’s typical red carpet style. Taylor Swift's outfit was hot off the Dior Cruise 2025 runway, staged in Perthshire, Scotland.
Persons: CNN — Taylor Swift, Dior, Cher Horowitz, Alicia Silverstone, Natalie Portman, Blackpink’s Jisoo, Mary , Queen of Scots, Christian Dior, Taylor Swift's, Yannis Vlamos, Swift, Post Malone, “ I’ve, , Kamala Harris Organizations: CNN, MTV, Dior, Post Locations: Paris, Drummond Castle, Perthshire, Scotland
London CNN —The value of some of the world’s best-known luxury companies is plunging as Chinese consumers pull back on spending, with even the most exclusive brands feeling the pain. The rout seems to be accelerating, with those sales tumbling 14% in the second quarter, according to results published late Tuesday. “For now, the (luxury) market remains volatile as investors reassess the once-held belief that luxury brands are a safe-haven investment, shielded from broader economic downturns,” Jochen Stanzl, chief market analyst at CMC Markets, told CNN. “The Chinese market contracted slightly; the market situation in the premium and luxury segment in China remained weak,” the company said. China’s economy grew 4.7% year-on-year in the second quarter of the year, according to official data released last week, missing economists’ expectations and marking the weakest growth since the first quarter of 2023.
Persons: Bernard Arnault’s, Louis Vuitton, Christian Dior, ” Jochen Stanzl, Richemont, Cartier, , Gucci, Kering, Hermes, Birkin, Olesya Dmitracova Organizations: London CNN, Prada, CMC Markets, CNN, Europe’s, Reuters, Porsche, Benz, Bain & Company Locations: Asia, Japan, China, Paris, Hong Kong, China , Hong Kong, Macao, North America, Europe, United States
LVMH's suite of luxury brands will be front and center at the Paris Olympics. The French conglomorate, led by Bernard Arnault, spent $160 million on sponsoring the event. Here are the custom-made LVMH products you will spot at the games. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThere will be a couple of unexpected stars at this year's Paris Olympics: Louis Vuitton and Christian Dior.
Persons: Bernard Arnault, , Louis Vuitton, Christian Dior, LVMH, Tiffany Organizations: Paris Olympics, Service, Olympics, Business Locations: sipping, Paris
LVMH has bought a majority stake in the tiny 100-year-old Paris bistro Chez L'Ami Louis. LVMH is owned by Bernard Arnault, who regularly jostles with Jeff Bezos and Elon Musk for the title of world's richest person. Chez L'Ami Louis is famed for its roast chicken, finely-cut fries, and celebrity patrons. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementLVMH boss Bernard Arnault has bought one of Paris's most iconic restaurants.
Persons: LVMH, Louis, Bernard Arnault, Jeff Bezos, Elon Musk, Chez L'Ami Louis, , Christian Dior, L'Ami Louis Organizations: Chez, Service, Louis Vuitton, Bloomberg, Business Locations: Paris
Bella Hadid wore her simplest Cannes Film Festival look at the 2018 event. Bella Hadid attends the "Ash Is Purest White" screening at Cannes on May 11, 2018. Loic Venance/Getty ImagesShe walked the red carpet in a strapless, mauve ball gown designed by Christian Dior, as well as a diamond necklace and bracelet. Her long, straight hair and neutral makeup were equally elegant.
Persons: Bella Hadid, Loic Venance, Christian Dior Organizations: Cannes
Zendaya stunned twice at the 2024 Met Gala
  + stars: | 2024-05-07 | by ( Kristen Rogers | Scottie Andrew | ) edition.cnn.com   time to read: +2 min
CNN —For Zendaya’s highly anticipated return to the Met Gala, she and longtime stylist Law Roach gave us more than we could have asked for. Returning to the Met Gala after five years of absence — and this time as an event co-chair — the “Challengers” star stepped out in custom Maison Margiela by John Galliano, referencing a haute couture look he created at Christian Dior in 1999. Zendaya's first gown at the 2024 Met Gala was this elaborate custom Maison Margiela by John Galliano piece. Angela Weiss/AFP/Getty ImagesA model wearing a Galliano for Christian Dior gown at the Dior Spring - Summer 1999 haute couture show. Zendaya, with the help of self-proclaimed “image architect” Law Roach, has long been known for her Met Gala looks.
Persons: Law Roach, John Galliano, Christian Dior, milliner Stephen Jones, Zendaya's, Angela Weiss, Galliano, Pierre Vauthey, Zendaya, Givenchy, et Cie, The New York Times —, ” Lily et, Rita Watnick, , ’ ” Zendaya, Roach, Philip Treacy, Alexander McQueen, ” Law Roach, Tommy Hilfiger Organizations: CNN, Christian, Getty, Dior, Beverly Hills, The New York Times, Givenchy, New York Times
Consumers, particularly those in China, have been tightening their purse strings and cutting their spending on luxury goods in light of macroeconomic uncertainties. But Barclays notes that several companies in the sector make good plays right now. LVMH Barclays is bullish on French label LVMH and raised its target price by nearly 13.6% to 937 euros ($1,009.18). "We remain confident that Moncler will deliver above-market growth for the rest of 2024," the analysts wrote. Barclays' target price on the stock is 168 Swiss francs ($182.62), which gives it around 28.2% potential upside.
Persons: Christian Dior, Louis Vuitton, Dior, Tiffany, Moncler Organizations: Barclays, Tiffany, Vogue, Richemont Locations: China, Europe, Sephora, Switzerland
Photos: All the looks from the Met Gala 2024
  + stars: | 2024-05-06 | by ( Christy Choi | Cnn | Photo Editor | ) edition.cnn.com   time to read: +1 min
Fashion's most extravagant night is in full swing, with celebrities descending on New York's Metropolitan Museum of Art for the annual Met Gala. The invitation-only event, held the first Monday of May, raises money for the museum's Costume Institute. Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth are co-chairs alongside Anna Wintour. In the late British author's story, a count and his wife live in a grand villa with a crystalline garden of time-manipulating flowers. The Costume Institute's concurrent exhibition, "Sleeping Beauties: Reawakening Fashion," will showcase rare designs that span 400 years.
Persons: Jennifer Lopez, Bad Bunny, Chris Hemsworth, Anna Wintour, J.G, Christian Dior, Elsa Schiaparelli, Alexander McQueen Organizations: New York's Metropolitan Museum of Art, Zendaya Locations: New, British
Delphine Arnault, eldest child of LVMH head Bernard Arnault, is the CEO of Christian Dior. Apart from a brief stint at McKinsey, her career has spanned multiple roles for LVMH since 2000. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. The eldest daughter of the world's richest man, LVMH CEO Bernard Arnault, the 49-year-old Delphine is now a year into her role as CEO of Dior. Since 2000, her career has spanned multiple roles with LVMH, including CEO of Dior since 2023.
Persons: Delphine Arnault, LVMH, Bernard Arnault, Christian Dior, Louis Vuitton, , Delphine, Delphine Arnault's Organizations: McKinsey, TAG, Service, Dior Locations: Berluti
Bad Bunny, Jennifer Lopez, Chris Hemsworth and Zendaya will co-chair this year's Met Gala for the exhibition "Sleeping Beauties: Reawakening Fashion." The first celebrities to appear will be Gala co-chairs Zendaya, Jennifer Lopez, Bad Bunny and Chris Hemsworth, the last of whom is making his Met Gala debut. What was the first Met Gala theme? Gwyneth Paltrow famously called the Met Gala “un-fun” in 2013 and said she’d “never” go again, but returned in 2017 (and 2019). Met Gala guests have often broken the no-social-media rule to give a more candid glimpse of who is hanging with who and what goes on behind closed doors.
Persons: CNN —, , Jared Leto’s, Rihanna, J.G, Ballard, Andrew Bolton, Bunny, Jennifer Lopez, Chris Hemsworth, Zendaya, James Devaney, Victor Aubry, Christina House, Neil Mockford, Bad Bunny, Anna Wintour, Wintour, Arturo Holmes, Karl Lagerfeld, Rei Kawakubo, Charles James, Christian Dior, Alexander McQueen, Gianni Versace, Angela Weiss, Lagerfeld, Anne Hathaway, Nicole Kidman, Jenna Ortega, Chanel, Fendi, Eleanor Lambert, Diana Vreeland, LaunchMetrics, Calvin Klein, , ” Cher, Ron Galella, , Lady Gaga, Kardashian, Jenners, Donald Trump, James Corden’s, Demi Lovato, Zayn Malik, Tina Fey, Fey, David Letterman ”, backtrack, Gwyneth Paltrow, she’d “, Olivia Wilde, Margaret Zhang, Kevin Mazur, Bella Hadid, Dakota Johnson, Jason Derulo, Jay, Solange, it’s, ” Wilde Organizations: CNN, Metropolitan Museum of Art, Costume Institute, Los Angeles Times, American Vogue, New York Times, Getty, Super, Hollywood, Vogue, “ Vogue China Locations: New York, British, American, China
Princess Diana made her only Met Gala appearance in 1996, shortly after divorcing then-Prince Charles. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementFashion's biggest night is here, which means it's the perfect time to dive into the Met Gala archives. Princess Diana made a splash at her only Met Gala in 1996. Diana wore a lingerie-inspired silk navy-blue slip dress with black lace and paired the ensemble with a matching silk robe.
Persons: Diana, Prince Charles, John Galliano, Prince William, , Princess Diana, Patrick McMullan, Diana wasn't, Christian Dior, Anwar Hussein, Eloise Moran, Di, Charles, Moran, Marilyn Monroe, Katie Nicholl, William, Harry Organizations: Service, Getty, Metropolitan Museum of Art, Yahoo, Victoria, Albert Museum Locations: New York City, London
Bernard Arnault has appointed two more of his children to LVMH's board. Alexandre Arnault is a vice president at Tiffany & Co. and Frédéric Arnault heads LVMH's watches division. AdvertisementThe French luxury-goods billionaire Bernard Arnault, who's the world's richest person, has appointed two more of his children to LVMH's board. Only Jean Arnault, Bernard Arnault's youngest son, doesn't sit on the company's board. Bernard Arnault is the world's richest person, with a net worth of about $221 billion, according to estimates by Bloomberg.
Persons: Bernard Arnault, Alexandre Arnault, Frédéric, Bernard Arnault's, , Frédéric Arnault, Delphine Arnault, Dior Couture, Antoine Arnault, LVMH, Jean Arnault, doesn't, Louis Vuitton's, Louis Vuitton, Dior, Marc Jacobs, Givenchy Organizations: Tiffany, Service, Christian Dior, Bloomberg
A Gucci store at Harbour City shopping mall, operated by Wharf Holdings Ltd., in Hong Kong, China, on Friday, June 2, 2023. Shares of French luxury group Kering plunged 14% on Tuesday after the company warned that Gucci sales look set to fall 20% year-on-year in the first quarter, amid declining Asia transactions. Kering plunged to the bottom of the Stoxx 600 after a delayed open, dragging other European luxury lines with it. Gucci comparable revenues in the first quarter are expected to be down by nearly 20% year on year." The slowdown is expected to derive primarily from Asia — and chiefly from China, whose economy has been struggling.
Persons: Gucci, Kering, Christian Dior, Hermes, Burberry Organizations: Wharf Holdings Ltd, Gucci, Asia — Locations: Harbour City, Hong Kong, China, Asia, London, Pacific
NEW YORK (AP) — The new documentary “High & Low — John Galliano” covers all the complexities of the famous British designer, one of the most celebrated and controversial figures in the fashion industry. The Associated Press talked to Macdonald about Galliano’s rise and fall and why many friends and fans stayed loyal to him. How do we really know why someone said something? AP: Do you think Galliano feels remorse about his past comments and behavior? It feels like, “OK, I’ve got that off my chest now, now I can ... do what I’m really, really good at and express myself more personally again.”
Persons: John Galliano ”, Kevin Macdonald, Galliano, Anna Wintour, Naomi Campbell, Penelope Cruz, Kate Moss, Charlize Theron, Givenchy, Christian Dior, , Hitler, , Dior, Maison Margiela, Macdonald, MACDONALD, “ Alexander McQueen, there’s, , I’m, Maison, It’s, it’s, I’ve Organizations: Dior, Associated, Maison Margiela Locations: British, France, Paris
Sex, Lies and Tailor’s Tape
  + stars: | 2024-03-05 | by ( Gioia Diliberto | ) www.nytimes.com   time to read: +1 min
In the twenty-six years she lived after World War II, Coco Chanel never publicly apologized for her treacherous behavior during the Nazi Occupation of Paris. While living at the Ritz Hotel with a handsome German spy, she had tried to use the Nazi race laws to wrest control of her perfume company from her Jewish partners. She also had embarked on a Nazi-authorized scheme to broker a separate peace with Winston Churchill, and she was overheard making ugly, antisemitic remarks. But in converting Chanel’s experiences into a TV production “inspired by true events,” the show’s creators have mangled or lost much of the actual truth, which is more complicated than what’s portrayed onscreen. (Warning: Spoilers ahead.)
Persons: Coco Chanel, Winston Churchill, , couturiers Chanel, Christian Dior, what’s Organizations: Ritz, Nazi, Apple Locations: Nazi, Paris
What Makes a Top Runway Model in 2024?
  + stars: | 2024-03-05 | by ( Elizabeth Paton | ) www.nytimes.com   time to read: +1 min
There is one model who walked in more fashion shows than any other in 2023. Yilan Hua is from China. Ms. Hua, 24, is the leading face of a new generation of popular Chinese models that includes He Cong, Chu Wong and Ying Ouyang — despite a family death this season that kept her off the runway for much of Paris Fashion Week. So why is the industry so taken with her, and what does her ascent reflect about the importance of China to luxury fashion? “Yilan doesn’t necessarily embody the traditional beauty standards revered by Chinese audiences,” Ms. Zhang wrote in an email.
Persons: Yilan Hua, outpacing, América, Victoria Fawole, Chanel, Fendi, Michael Kors, Stella McCartney, Christian Dior, Hua, Chu Wong, Ying Ouyang —, Margaret Zhang, , ” Ms, Zhang, Organizations: Cannes Film, Vogue, Vogue China Locations: China, Venezuela, Nigeria, Paris
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