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The falling shares mean that Mr. Arnault (now worth about $195 billion, Forbes says) dropped to the second-richest person in the world in June, eclipsed by Elon Musk. Mr. Arnault has broadened LVMH beyond extravagant playthings into the world of experiences, acquiring over 50 grand hotels and resorts. Mr. Arnault’s changes mean he doesn’t have to retire next year as originally expected. The French media is full of headlines comparing the Arnaults to the Roys, the fictional family in the HBO series. There are TikTok videos explaining why the Arnaults are “the real ‘Succession’ family.” The family hates this talk, and takes pains to play down parallels to the show.

Persons: Arnault, Forbes, Elon Musk, LVMH, —, gobbling, Delphine, Dior Organizations: Denmark’s Novo Nordisk, HBO

Dior announced Bohan's death Friday, calling him an “immense visionary and passionate creator" who left his mark on the fashion house. “Marc Bohan was a unique creator dear to the heart of our House, infusing Dior elegance with his free spirit," Delphine Arnault, Dior CEO, said in a statement. During his time at Dior, Bohan took the brand into new avenues, from launching Dior’s baby boutique to developing a line for young women, Miss Dior, and for men, Dior Monsieur. Gianfranco Ferré replaced Bohan at the fashion house in 1989. Leaving behind Dior, Bohan moved to London where he joined the prestigious house of Norman Hartnell, a couturier for Britain's royal family.

Persons: Bohan, Yves Saint Laurent, Dior, Bohan's, “ Marc Bohan, Delphine Arnault, Princess Grace of Monaco, Zhivago, ”, Iran’s, Farah Diba Pahlavi, Miss Dior, Dior Monsieur, Dior’s, Gianfranco Ferré, Norman Hartnell Organizations: Dior, Hollywood Locations: India, Bohan, London

☆ ‘The First Year’ Review: Allende’s Rule in Chile
▼ + stars: | 2023-09-07 | by ( Devika Girish | ) www.nytimes.com time to read: +1 min

A few years before Patricio Guzmán directed his tripartite masterpiece, “The Battle of Chile,” about the events leading to the C.I.A.-backed military coup that toppled the socialist government of President Salvador Allende in 1973, the Chilean filmmaker made “The First Year”: an account of the inaugural 12 months of Allende’s rule. Guzmán traveled through Chile, interviewing the working class about Allende’s socialist policies and accumulating a crackling portrait of hope and incipient change. The French filmmaker Chris Marker saw the documentary in 1971 and decided to help show it in France, enlisting numerous actors, including Delphine Seyrig, to dub the Spanish dialogue in French. That version, arriving this week in a sparkling restoration at Anthology Film Archives, is a remarkable document not only of a fleeting moment of historical promise, but also of an earnest gesture of international solidarity.

Persons: Patricio Guzmán, Salvador Allende, Guzmán, Chris Marker, Delphine Seyrig Locations: Chile, ”, Chilean, French, France

“With us, you know what you get, which is rare nowadays!” Alexandre Edelmann, head of Presence Switzerland, a government agency that promotes the country abroad, says in an email. “People love our country without always knowing why,” says Jacques Pitteloud, Switzerland’s ambassador to the U.S. and a veteran diplomat. We are constantly leading the pack in terms of innovation.”This is evident in the prominent role Switzerland plays in some key areas of the global economy. Acknowledging "the elephant in the room," Pitteloud says Switzerland and the EU have "a complex relationship." And as a relatively small, landlocked country in which many areas are difficult to inhabit due to terrain, Switzerland is facing challenges related to population and resources.

Persons: Roger Federer, Philippe, –, Alexandre Edelmann, ”, Jacques Pitteloud, Pitteloud, ” Delphine Donné, Ruag, yearslong, ” Georg Klingler, Donné Organizations: Wimbledon, U.S . News, European Union, Bank, Presence Switzerland, Nestle, Roche, Novartis, Atlas, Logitech, ETH Zurich, Zurich University of Applied Sciences, EU, Greenpeace, Associated Press Locations: Switzerland, Europe, U.S, Swiss, France, China, Canada, Lausanne, Ukraine, Greenpeace Switzerland

VACCARELLO’S DEBUT FOR Saint Laurent wasn’t as rapturously received as Yves Saint Laurent’s for Dior. “Anthony has been scrutinized and told his dresses were too vulgar or too sexy,” he says. At the beginning of his tenure at Saint Laurent, it sometimes seemed like Vaccarello was art directing someone else’s movie. Illuminated by the soft glow of chandeliers — a reference to the ballroom at Paris’s InterContinental hotel, the frequent site of Saint Laurent’s presentations — the women summoned the femmes fatales of Helmut Newton photographs. “Now that I’m a free man, I feel inclined to say that I think that what Anthony has done with Saint Laurent has been positively brilliant.

Persons: Saint Laurent wasn’t, rapturously, Yves Saint Laurent’s, Saint, Flinn, “ Anthony, Vaccarello, Saint Laurent, Luchino Visconti, Rainer Werner Fassbinder, can’t, he’s, Helmut Newton, Henri Pinault, ”, Tom Ford, Anthony Organizations: Saint Laurent, Dior, Montaigne, —, Eiffel, InterContinental Locations: Saint, Malibu , Calif

☆ This Season, Feminine Styles Have a Rough Edge
▼ + stars: | 2023-08-17 | by ( Jessica Madavo | Delphine Danhier | ) www.nytimes.com time to read: 1 min

Top:jacket, $5,990, top, $1,390, and pants, $5,990, akris.com ; andearrings, price on request, and boots. Bottom, from left:cardigan, $1,790, skirt, $1,420, and tights, $320; andshoes.cardigan, $1,790, briefs, $1,020 and $360 (worn underneath), tights and shoes, $1,270.

Locations: left:cardigan

☆ At New York’s Coenties Slip, an Artist Colony and a ‘Rebellion’
▼ + stars: | 2023-07-27 | by ( Walker Mimms | ) www.nytimes.com time to read: +2 min

In “The Slip,” Prudence Peiffer’s tenderly researched group biography, six visual artists in different seasons of life and seeking different aesthetic ideals met Barr’s challenge with an unlikely spirit of concert. Beside him is his art school friend Jack Youngerman, painter of shaggy color fields in organic, almost floral forms. Grown bored in postwar Paris, the Jersey boy and the Kentuckian relocated to the abandoned sail-making lofts of Coenties Slip, an old manufacturing block in the toe of Manhattan. From 1956 to around 1964, an artist colony and some truly epochal art took shape there. That scene has long fascinated critics but never been the subject of a researched narrative history until now.

Persons: Prudence Peiffer, ”, Alfred H, Barr Jr, Jackson Pollock, Barr, Prudence Peiffer’s tenderly, Ellsworth Kelly, Jack Youngerman, Youngerman, Youngerman’s, Delphine Seyrig, Agnes Martin, James Rosenquist, Lenore Tawney, Robert Indiana Organizations: New York, Museum of Modern Locations: Paris, Jersey, Manhattan, New Mexico, Minnesota, Chicago, Europe

There have been 195 ACL injuries across women soccer’s top leagues, according to the ACL Women Football Club. “It’s not a coincidence I think that you get Leah and Beth injured after the Euros last summer,” said Arsenal star Miedema. Miedema believes this was an issue that world soccer’s governing body FIFA must address. A British Journal of Sports Medicine study found women to be three to six times more likely to experience an ACL injury than men. European soccer’s governing body, UEFA, referenced to CNN the Women’s Health Expert Panel it established, which has a “high priority” researching ACL injuries.

Persons: Vivianne, –, Miedema, we’ve, It’s, ” Miedema, CNN’s Christina Macfarlane, – Leah Williamson, Beth Mead, Laura Wienroither, Canada’s Janine Beckie, Catarina Macario, France’s Delphine Cascarino, Ryan Pierse, ”, Pep, “, “ You’ll, Williamson –, “ It’s, Leah, Beth, “ They’ve, they’re, Leah Williamson, Clive Rose, Jonas Eidevall, Miedema’s Organizations: CNN, Arsenal, Women Football Club, United States Women’s National, League, English Premier League, FA, Champions League, England, ”, FIFA, of Sports Medicine, UEFA, Women’s, English Football Association, Super League, Barclays Women’s, Nottingham Trent University Locations: Netherlands, Man, Switzerland

The executive, who was expected to make a visit this month, walked through the WF Central mall in Beijing, China on Tuesday, photos circulating on social media showed. The photos showed Arnault with his daughter, Dior CEO Delphine Arnault, and son Jean Arnault, who works for Louis Vuitton, as well as Dior's China president Monika Figlewicz. Other Beijing residents, posting on social media site Xiaohongshu, reported seeing Arnault at luxury department store SKP. LVMH, which owns labels ranging from Hennessy cognac to fashion houses Dior and Louis Vuitton, declined to comment. "The Chinese are very important clients," Louis Vuitton CEO Pietro Beccari told Reuters in an interview last week.

Persons: Bernard Arnault, LVMH Moet Hennessy Louis Vuitton, Gonzalo, Read, Dior, Delphine Arnault, Jean Arnault, Louis Vuitton, Monika Figlewicz, Hennessy, Pietro Beccari, Pharrell Williams, Casey Hall, Brenda Goh, Mimosa Spencer, Conor Humphries Organizations: Viva Technology, Porte de, REUTERS, WF, Reuters, Tiffany, Thomson Locations: Porte, Paris, France, SHANGHAI, PARIS, China, Beijing, China . China

☆ Dior's Kim Jones sends models rising up from the floor at Paris Fashion Week
▼ + stars: | 2023-06-23 | by ( Mimosa Spencer | ) www.reuters.com time to read: +1 min

[1/5] Models present creations by designer Kim Jones as part of his Menswear ready-to-wear Spring/Summer 2024 collection show for fashion house Dior Homme during Men's Fashion Week in Paris, France, June 23, 2023. REUTERS/Gonzalo FuentesPARIS, June 23 (Reuters) - Dior men's artistic director Kim Jones took to a sparse, futuristic setting at the Ecole Militaire in central Paris, kicking off his summer show with an army of models that rose up from a metallic catwalk. A whining blast of scratchy electronic sounds set the runway presentation in motion, and the catwalk lit up as floor panels rolled back. Models emerged slowly, filling the room in rows. Reporting by Mimosa Spencer; Editing by Sandra MalerOur Standards: The Thomson Reuters Trust Principles.

Persons: Kim Jones, Dior Homme, Gonzalo Fuentes PARIS, Dior, chunky loafers, Winnie Harlow, Demi Moore, Cha Eun, Gwendoline Christie, Delphine Arnault, Bernard Arnault, Pharrell Williams, Louis Vuitton, Jay, Helen Lasichanh, Williams, Mimosa Spencer, Sandra Maler Organizations: REUTERS, Ecole Militaire, Louis, Thomson Locations: Paris, France

☆ Potential Olympics sponsorship deal tests LVMH heir Antoine Arnault
▼ + stars: | 2023-06-14 | by ( Mimosa Spencer | ) www.reuters.com time to read: +5 min

Discussions on the Olympics deal, being negotiated by Antoine, revolve around promotions focused on LVMH as a group, its two biggest fashion labels - the Louis Vuitton and Dior brands - as well as champagne. However, the behind-the-scenes role of the oldest of Arnault’s four sons, Antoine, hasn't been widely known. Although Antoine Arnault's work shepherding LVMH's sponsorship of the Olympic Games is taking place behind closed doors, the outcome would be highly public. Steve Martin, global CEO of M&C Saatchi Sport & Entertainment, said that while LVMH is already associated with France, a formal sponsorship of the Olympics would help to further differentiate LVMH from luxury rivals. “If we get involved it would be to help out,” LVMH fashion group CEO Sidney Toledano told Reuters.

Persons: Antoine Arnault's, Antoine Arnault, Bernard Arnault's, Bernard Arnault’s, Delphine Arnault, Dior, Antoine, Louis Vuitton, Bernard Arnault, hasn't, Tony Estanguet, Cristiano Ronaldo, Lionel Messi, ”, Steve Martin, LVMH, Martin, Sidney Toledano, –, we’re, Toledano, Mimosa Spencer, Sharon Singleton Organizations: Deal, Dior, FIFA, Olympic, Saatchi Sport & Entertainment, Olympic Games, Reuters, Thomson Locations: PARIS, LVMH, Paris, France, Qatar, Atlanta, London

☆ Former France captain Henry recalled for Women's World Cup
▼ + stars: | 2023-06-07 | by ( ) www.reuters.com time to read: +1 min

June 7 (Reuters) - Former France captain Amandine Henry was included in coach Herve Renard's provisional 26-player squad for the Women's World Cup, returning to the international set-up after a two-year absence. Henry, who captained France at the 2019 World Cup, and all-time leading goal scorer Eugenie Le Sommer were left out of the squad by Diacre for last year's European Championship in England. France sacked Diacre in March after a number of players, including captain Wendie Renard, said they would no longer represent the national side as long as Diacre was in charge. Defender Renard and her Lyon team mate Le Sommer have been included in the World Cup squad, which will be trimmed to 23 players for the July 20 to Aug. 20 tournament in Australia and New Zealand. France begin their World Cup campaign against Jamaica on July 23.

Persons: Amandine Henry, Herve Renard's, Corrine Diacre, Henry, Eugenie Le Sommer, France, Wendie Renard, Herve Renard, We've, Renard, Le Sommer, Kadidiatou Diani, Marie, Antoinette Katoto, Delphine Cascarino, Hritika Sharma, Peter Rutherford Organizations: France, Diacre, Lyon, World, St Germain, Jamaica, Thomson Locations: England, Australia, New Zealand, France, Hyderabad

☆ There's a real-life 'Succession' drama playing out among the children of Bernard Arnault, the world's richest person and head of luxury behemoth LVMH
▼ + stars: | 2023-05-05 | by ( Pete Syme | ) www.businessinsider.com time to read: +5 min

But there's a similar legacy battle going on inside LVMH, the French luxury house run by Bernard Arnault. The children of the world's richest man are vying for influence within LVMH in a "Darwinian" fight. Showrunner Jesse Armstrong says his fictional Roy family is inspired by several famous dynasties, such as the Hearsts — the family behind Hearst Communications — and the Redstones — the controlling influence behind Paramount Global. There's still plenty of rivalry between the progeny of Bernard Arnault, CEO of luxury goods behemoth LVMH and world's richest person. The Roy family of "Succession."

☆ Swiss central bank promises regulation review after collapse of Credit Suisse
▼ + stars: | 2023-04-28 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

Thomas Jordan, president of the Swiss National Bank (SNB), speaks during the bank's annual general meeting in Bern, Switzerland, on Friday, April 28, 2023. Bloomberg | Bloomberg | Getty ImagesThe Swiss National Bank on Friday pledged to review banking regulations during its annual general meeting in Bern, following recent turmoil involving Credit Suisse. The central bank played a key role in brokering the rescue of Credit Suisse over the course of a chaotic weekend in March, as a flight of deposits and plummeting share price took the 167-year-old institution to the brink of collapse. The deal remains mired in controversy and legal challenges, particularly over the lack of investor input and the unconventional decision to wipe out 15 billion Swiss francs ($16.8 billion) of Credit Suisse AT1 bonds. He added that this would mean his central bank could would be able to provide the necessary liquidity, in times of stress, without the need for emergency law.

☆ Bernard Arnault, the French luxury tycoon, gathers his 5 kids monthly for a private work lunch and drills them on company strategy, report says
▼ + stars: | 2023-04-19 | by ( Mary Hanbury | ) www.businessinsider.com time to read: +3 min

Bernard Arnault is the billionaire behind LVMH and was recently crowned the world's richest man. Arnault reportedly hosts a monthly private lunch with his five children to discuss strategy, per WSJ. "At no moment did he [Bernard Arnault] tell me, 'I must prepare my children for my succession," Toledano told The Journal. Toledano told The Journal that Arnault taught kids to prize the company over personal disagreements from a young age. Arnault overtook Jeff Bezos and Elon Musk to become the world's richest person this year.

☆ LVMH boss Bernard Arnault's wealth soared over $200 billion, making him the third person ever after Elon Musk and Jeff Bezos to reach the milestone
▼ + stars: | 2023-04-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

LVMH boss Bernard Arnault's net worth surpassed $200 billion on Tuesday. Arnault is also the first person outside the US to surpass a net worth of $200 billion. His net worth gained $2.4 billion on Tuesday, bringing the Frenchman's fortune to $201 billion, per Bloomberg's index. Shoppers in China are expected to boost the luxury goods sector this year after the country lifted COVID-zero restrictions. The 73-year-old tycoon has not announced who will succeed him as LVMH CEO.

☆ Louis Vuitton boss Bernard Arnault is only the 3rd person to be worth $200 billion – and his 5 kids are all Nepo babies
▼ + stars: | 2023-04-05 | by ( Grace Dean | ) www.businessinsider.com time to read: +1 min

Luxury goods mogul Bernard Arnault is the world's richest person. Eric Piermont/Getty ImagesBernard Arnault is currently the world's richest person with a net worth of about $201 billion, according to estimates by Bloomberg. He's only the third person to surpass the $200 billion mark following tech moguls Jeff Bezos and Elon Musk, both of whom have since seen their wealth fall. Arnault cofounded LVMH in the 1980s, and is its CEO and chair. Last year LVMH raised the age limit of its CEO from 75 to 80, extending Arnault's possible tenure.

☆ Xavier Niel can feast on European telco misery
▼ + stars: | 2023-03-27 | by ( Pamela Barbaglia | ) www.reuters.com time to read: +5 min

LONDON, March 27 (Reuters Breakingviews) - Xavier Niel is set to be more than a spectator in the looming consolidation of Europe’s telecoms industry. It earned EBITDA after leases of 3.3 billion euros last year. Those shareholdings have a combined market value of 1.2 billion euros, though they were partly funded through derivatives, potentially limiting the tycoon’s cash outlay. On a multiple of 6 times last year’s EBITDA of 652 million euros it’s worth little more than the 3.5 billion euros Niel and other investors paid in 2017. Smaller investments in Monaco Telecom and holdings in Senegal and the Comoros are probably worth a combined billion euros, bankers estimate.

☆ East Congo militants kill at least 22 in string of attacks
▼ + stars: | 2023-03-19 | by ( ) www.reuters.com time to read: +2 min

BENI, Democratic Republic of Congo, March 19 (Reuters) - Suspected militants killed at least 22 people in a string of attacks across the Democratic Republic of Congo's eastern Ituri and North Kivu provinces overnight Saturday, officials and activists said on Sunday. The incidents were the latest in a stream of continuous violence that has plagued eastern Congo for years, despite increasing interventions from the country's army and U.N. peacekeepers. At least 12 people were killed Saturday in simultaneous raids across several villages in Ituri province. Congo's government declared a state of siege in North Kivu and Ituri in 2021, in an attempt to stem rampant militia violence in the country's vast mineral-rich east. "Even when we are under siege, the enemy still surprises us every day," said Delphine Malekani, an activist in North Kivu.

☆ Radioligand therapy, a 'game-changer' for cancer treatment, forces manufacturers to race against a ticking clock
▼ + stars: | 2023-02-11 | by ( Ashley Capoot | ) www.cnbc.com time to read: +12 min

Ash from the eruption disrupted flights across Europe — including a time-sensitive shipment of experimental radioligand therapy that Sartor was expecting from Norway. Radioligand therapy, also called radionuclide or radiopharmaceutical therapy, is a targeted form of cancer treatment that delivers radiation directly to cancer cells. Once the radioactivity decays, it can no longer kill the cancer cells as effectively, which means radioligand therapy has a limited window of viability. Expensive to produce and ship fastNuclear medicine has been used to treat cancer for decades, and radioligand therapy itself is not new. In 2008, he traveled to a medical conference in Toronto where he heard about radioligand therapy for the first time.

☆ We expect most emerging markets will start decreasing rates this year: Wealth management firm
▼ + stars: | 2023-02-09 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe expect most emerging markets will start decreasing rates this year: Wealth management firmDelphine Di Pizio-Tiger of Indosuez Wealth Management said most emerging market central banks have been "ahead of the curve."

☆ World's richest person Bernard Arnault's fortune has increased by more than $33 billion this year
▼ + stars: | 2023-02-04 | by ( Jyoti Mann | ) www.businessinsider.com time to read: +2 min

The multi-billionaire tops its rankings of the world's richest people, followed by Elon Musk. The LVMH CEO and co-founder has a current net worth of $196 billion, per Bloomberg. Bernard Arnault is the CEO and co-founder of luxury goods conglomerate LVMH Moët Hennessy - Louis Vuitton, more commonly known as LVMH. The 73-year-old French billionaire is currently ranked by Bloomberg as the world's richest person, followed by Elon Musk whose net worth is valued at $175 billion. The CEO recently appointed his daughter, Delphine Arnault, CEO and chair of Dior.

☆ The Arnaults are betting big on K-Pop, and it shows the power of South Korea's luxury spending machine
▼ + stars: | 2023-01-31 | by ( Cheryl Teh | ) www.businessinsider.com time to read: +6 min

Experts tell Insider this is a calculated move to tap into the booming South Korean market. A targeted move to win over the South Korean marketBTS member Jimin (left) and BLACKPINK singer Rosé. "Fashion trends tend to be created and adopted in South Korea, before being diffused to other markets in Asia," Dubois said. She also said South Korea is "increasingly known" for its K-Pop stars, movies, and shows in the US — which helps with promotions stateside too. Once the COVID situation settles, it is possible that Chinese tourists, with their spending power, return to Korea," Kim said.

☆ LVMH's Arnault brushes off succession question
▼ + stars: | 2023-01-26 | by ( ) www.reuters.com time to read: 1 min

PARIS, Jan 26 (Reuters) - Bernard Arnault, the boss of luxury giant LVMH (LVMH.PA) and the world's richest man, brushed away questions about his succession with a joke on Thursday. The 73-year old earlier this month reshuffled top management at his luxury goods empire, tightening his family's grip with the appointment of his daughter Delphine to lead Christian Dior, and naming a new boss for Louis Vuitton. Asked by an analyst about succession plans at a post-results conference where his children featured prominently in the front row, Arnault said: "You will have noticed that the retirement age is being raised." France is in the middle of a pension reform that would increase the age for retiring to 64 from 62 currently, and is being fiercely opposed by unions. Reporting by Mimosa Spencer and Silvia AloisiOur Standards: The Thomson Reuters Trust Principles.

☆ Luxury giant LVMH hits 400 billion euro in market value
▼ + stars: | 2023-01-17 | by ( ) www.reuters.com time to read: +1 min

MILAN, Jan 17 (Reuters) - LVMH (LVMH.PA) shares rose to a fresh record high on Tuesday, giving the luxury goods group a market capitalisation of 400 billion euros ($434 billion) for the first time and cementing its lead as Europe's most valuable company. Like other luxury companies which are heavily exposed to China, LVMH has benefited this year from the fast reopening of the world's second biggest economy. "They are firing their last cartridge which is the Chinese reopening, going forward things will get tougher: tough comparisons, dollar going down," he added. The shares rose as much as 0.4% to a lifetime high of 795.7 euros, which gave the group a market value slightly above 400 billion euros, according to Reuters calculations based on Refintiv data. snapshot($1 = 0.9236 euros)Reporting by Danilo Masoni, editing by Alun John, Kirsten DonovanOur Standards: The Thomson Reuters Trust Principles.

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