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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.
Persons: , Bernard Arnault, France's, Alexandre Arnault, Frédéric Arnault, Delphine, Bernard's, Antoine, It's, Arnault hasn't, LVMH, Alexandre, Vianney Le Caer, Louis Vuitton, Dior, Marc Jacobs, LVMH didn't, Donald Trump, he'd, Frédéric, Delphie, Dior Couture, Jean, Louis Vuitton's, Arnault, Elon Musk, Jeff Bezos Organizations: Service, Bloomberg, The Financial Times, Business, Novo Nordisk, Tiffany, New York Times, Mar, TAG, Christian Dior, Elon Locations: French, Danish, Swiss, LVMH
Some X users say they're seeing lots of ads for likely fake Louis Vuitton handbags on the platform. After Elon Musk told major advertisers to "go fuck yourself" and "don't advertise" at The New York Times' DealBook summit Wednesday, some X users saying they're seeing lots of ads for Louis Vuitton bags that are probably fakes. "X prohibits the sale of or promoting the sale of counterfeit goods on the platform," according to its counterfeit policy . "Twitter had resorted to letting people place ads for their fake Louis Vuitton bags. According to a X business blog post , Louis Vuitton ran an ad campaign for its collaboration with Japanese artist Yayoi Kusama in January, but it's unclear if it's an ad partner or big spender.
Persons: Louis Vuitton, Elon, , Elon Musk, hasn't, It's, Taylor Fisher, Linda Yaccarino, Monique Pintarelli Organizations: Service, The New York Times, Louis, Twitter, Business, X, ust Locations: Americas
LVMH's CEO ordered a makeover of Tiffany's flagship Fifth Avenue store after getting lost in it. The Tiffany flagship store on Fifth Avenue pictured in 1995. Since the acquisition, LVMH has overhauled the design of Tiffany's flagship store, which reopened Wednesday after being closed since 2019. Tiffany & Co. brand ambassador Gal Gadot, Alexandre Arnault (left) and Tiffany CEO Anthony Ledru open the revamped Fifth Avenue store on April 26. When asked about that figure, Arnault told the Journal: "You cannot dream when you talk numbers.
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