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☆ Half a Year After the COP Agreement on Nature, Companies Are Increasingly Looking at Their Biodiversity Impact
▼ + stars: | 2023-06-21 | by ( Joshua Kirby | ) www.wsj.com time to read: +8 min

While mandatory reporting on nature may still be a long way off, for some companies, measuring their impact on nature makes good business sense. “Not enough companies are actually measuring their corporate biodiversity impact,” said Steve Kennedy, associate professor in business sustainability at the Rotterdam School of Management. Biodiversity impact, on the other hand, remains a more nebulous concept, with widespread uncertainty about what to measure and how to measure it. While biodiversity impact remains difficult to assess, more complete data can help, said Zoe Balmforth, co-founder of biodiversity-data startup Pivotal. And companies will soon have a final framework on which to base their voluntary biodiversity reporting.

Persons: Jennifer Motles, Philip Morris, Motles, Katie Critchlow, Rémy Cointreau, Eric Vallat, LVMH Moët Hennessy Louis Vuitton, ”, Steve Kennedy, Kennedy, “ It’s, “, ” Philip Morris International’s, Nicolo Filippo Rosso, Zoe Balmforth, Balmforth, Cameron Frayling, Frayling, U.N, JULIAN HABER, Kering, PMI’s Motles, Joshua Kirby Organizations: Philip Morris International, Data, Sustainable Business, Fund, Nature, PMI, Rotterdam School of Management . Companies, SAS, Bloomberg, World Bank, REUTERS Governments, United Nations ’, pharma, GSK, Gucci Locations: Montreal, American, of Mexico, Lake Erie, Colombia, Kunming, Canada, joshua.kirby

ImageFamily dramaHBO will release its last episode of “Succession” on Sunday. The fictional Roy family in “Succession” bears an uncanny resemblance to the Murdoch family. On the other was Wellington’s nephew, Tim Mara. Show credits could feature the Venetian blind that reportedly divided their stadium luxury suites at the height of their tension. The series would end in 1995 when Tim Mara, lacking any other recourse, sold his stake in the team.

☆ How luxury giant LVHM built a recession-proof empire
▼ + stars: | 2023-05-18 | by ( Natalie Rice | ) www.cnbc.com time to read: +2 min

The company recorded revenue of 79.2 billion euros, or about $86.3 billion, last year, an increase of 23% from 2021 revenue. Some experts have long-hailed the company as "recession-proof," able to sustain itself through economic downturns and boasting products that uniquely appreciate over time. 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.

☆ 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.

☆ How LVMH built a $500 billion luxury empire
▼ + stars: | 2023-05-18 | by ( Natalie Rice | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow LVMH built a $500 billion luxury empireLuxury conglomerate LVMH Moët Hennessy Louis Vuitton has built a massive 75-brand portfolio, cementing its legacy for decades to come. Its Chairman and CEO, Bernard Arnault has masterminded some of its biggest acquisitions, including, most recently Tiffany & Co. in 2021, after a bitter price dispute during the Covid-19 Pandemic. The company has been hailed for posting record revenue year after year, this year becoming the first European company to surpass $500 billion in market value.

☆ Why Some Investors Are Betting on China’s Recovery but Avoiding Chinese Shares
▼ + stars: | 2023-05-15 | by ( Weilun Soon | ) www.wsj.com time to read: 1 min

Luxury conglomerate LVMH Moët Hennessy Louis Vuitton is one of the top picks of international investors betting on China’s recovery. Photo: Qilai Shen/Bloomberg NewsGlobal investors wanting to profit from China’s economic recovery are increasingly turning to companies in Paris, Las Vegas and beyond. They are loading up on shares of European, American and Japanese companies instead of Chinese stocks, as high geopolitical tensions between Beijing and Washington have made it unpalatable for some international money managers to invest in Chinese companies.

☆ The 28-Year-Old LVMH Heir Turning TAG Heuer Into a Billion-Dollar Brand
▼ + stars: | 2023-05-14 | by ( Nick Kostov | Stacy Meichtry | ) www.wsj.com time to read: 1 min

GENEVA—Among the many luxury labels that form LVMH Moët Hennessy Louis Vuitton lies an upper-echelon of brands that generate more than $1 billion in annual revenue, driving the conglomerate’s business. Frédéric Arnault —chief executive officer of TAG Heuer and the third son of LVMH’s top boss, Bernard Arnault —said the Swiss watchmaker is about to join those ranks.

☆ The Young LVMH Heir Turning TAG Heuer Into a Billion-Dollar Brand
▼ + stars: | 2023-05-14 | by ( Nick Kostov | Stacy Meichtry | ) www.wsj.com time to read: 1 min

☆ Factbox: Warren Buffett, Berkshire Hathaway at a glance
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +8 min

[1/2] Berkshire Hathaway Chairman Warren Buffett walks through the exhibit hall as shareholders gather to hear from the billionaire investor at Berkshire Hathaway Inc's annual shareholder meeting in Omaha, Nebraska, U.S., May 4, 2019. REUTERS/Scott Morgan/File PhotoMay 4 (Reuters) - Tens of thousands of people are descending on Omaha, Nebraska to attend the annual shareholder weekend for billionaire investor Warren Buffett's Berkshire Hathaway Inc (BRKa.N). Susan Buffett and Howard Buffett are Berkshire directors. His Berkshire stock will go to philanthropy after he dies. (Interview with CNBC, April 12, 2023)Abel on Berkshire managers' relationship with him: "It's not the same as working for Warren.

☆ Luxury goods giant LVMH becomes the first European company to surpass $500 billion in market value
▼ + stars: | 2023-04-24 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

A pedestrian carries a Louis Vuitton shopping bag, from a store operated by LVMH Moet Hennessy Louis Vuitton SE, on New Bond Street in London, U.K., on Wednesday, Oct. 21, 2020. Luxury goods giant LVMH on Monday became the first European company to surpass $500 billion in market value. Its shares hit a record high following the results, and hit another high on Monday. It reported revenue of 79.2 billion euros ($87.1 billion) for 2022, with profit from recurring operations of 21.1 billion euros — its second consecutive year of record results. In 2021, LVMH completed the acquisition of U.S. jeweler Tiffany & Co for $15.8 billion.

Bernard Arnault is the world's richest man, with a net worth of $212 billion. Arnault controls the massive luxury conglomerate LVMH Moët Hennessy Louis Vuitton. All of Arnault's children work at LVMH brands, including Louis Vuitton, Berluti, and TAG Heuer. Along the way, Arnault has brought his five adult children into the fold, building a family-run business that has resulted in the world's largest fortune. Here's how Arnault got his start and became the richest person in the world.

☆ Elon Musk's wealth drops by nearly $13 billion — the biggest slide this year — after Tesla's share prices slumped and SpaceX's Starship rocket exploded
▼ + stars: | 2023-04-21 | by ( Huileng Tan | ) www.businessinsider.com time to read: +2 min

Musk's net worth fell by $12.6 billion to $164 billion on Friday, per Bloomberg Billionaires Index. That's after Tesla share prices slumped on a 24% on-year decline in profit. The slide in Musk's net worth tops a chaotic week. Tesla's share price closed 9.8% lower at $162.99 on Thursday. Tesla's share price was up 0.1% in after-hours trade.

☆ The World’s Richest Person Auditions His Five Children to Run LVMH, the Luxury Empire
▼ + stars: | 2023-04-19 | by ( Nick Kostov | Stacy Meichtry | ) www.wsj.com time to read: 1 min

PARIS—Once a month, Bernard Arnault gathers his children for lunch inside a private dining room at the headquarters of LVMH Moët Hennessy Louis Vuitton SE, his globe-spanning luxury goods company. The meal, which lasts exactly 90 minutes, begins with the French billionaire reading aloud discussion topics he has prepared on his iPad, according to people close to him. Mr. Arnault then goes around the table, asking each of his five adult children for advice. He’ll seek an opinion on specific managers at the company, the people said, or whether it’s time for a shake-up at one of LVMH’s myriad brands, which stretch from the champagne vineyards of France to handbag-making workshops in Italy and Texas.

☆ This France ETF is booming despite domestic turmoil. Thank the Chinese consumer
▼ + stars: | 2023-04-19 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com time to read: +3 min

EWQ ALL mountain The iShares MSCI France ETF is trading at close to its all-time high. To be sure, the outsized rallies for luxury stocks — and new highs for the fund — could also be a sign that a reversal is near, at least in the short-term. However, Roth MKM chief market technician JC O'Hara said in a note to clients on Sunday that it appears that luxury stocks still have room to run. "We first highlighted the strength of the Luxury Goods market in early December. Since that time, the S & P Global Luxury Goods Index has risen +13%, versus the S & P 500, +1.8%.

☆ China's economy is on the rebound — and that's good news for 3 of the Club's consumer stocks
▼ + stars: | 2023-04-18 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Estee Lauder (EL), Starbucks (SBUX) and Wynn Resorts (WYNN) are the Club's consumer discretionary stocks with the greatest exposure to the Chinese market. Shares of Estee Lauder, Starbucks and Wynn — up roughly 3.5%, 9.2% and 37.5% year-to-date, respectively — edged up on the news Tuesday. For Estee Lauder, a leader in luxury skin care, makeup and fragrances, China accounts for about a third of total revenue. The Club's take China's latest economic data highlights our investment case for our three big consumer companies doing business in the country. However, we're pleased to see a robust rebound in consumer activity in the world's second largest economy, signifying a positive growth outlook for Estee Lauder, Starbucks and Wynn Resorts.

☆ The World Is Volatile but Luxury Brands Look Serene
▼ + stars: | 2023-04-15 | by ( Carol Ryan | ) www.wsj.com time to read: 1 min

Hermès is among the three luxury-goods companies that together snagged the majority of incremental revenue in 2022. In a world coping with inflation, war and bank runs, it seems counterintuitive that demand for luxury is still running hot. Yet in recent days, two big designer brands reported bumper first-quarter sales. Paris-listed Hermès said its revenue grew 23% from a year earlier in the three months through March, ahead of the 13% analysts were expecting. At LVMH Moët Hennessy Louis Vuitton—owned by Bernard Arnault , the world’s wealthiest person—sales grew 17% in the same period.

☆ The stock market rally in 2023 has added $213 billion to the wealth of the world's top 10 billionaires
▼ + stars: | 2023-04-15 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A strong start to the stock market this year has helped reverse some of the big losses billionaires saw in 2022. So far this year, the world's top 10 billionaires added a collective $213 billion to their net worth. MARTIN BUREAU/AFP via Getty ImagesNet Worth: $92.8 billion2023 Gain: $21.3 billionSource of Wealth: L'Oreal9. Elon MuskElon Musk Gilbert Carrasquillo/GC ImagesNet Worth: $180 billion2023 Gain: $43.2 billionSource of Wealth: Tesla, SpaceX, Twitter1. Bernard ArnaultEric Piermont/Getty ImagesNet Worth: $210 billion2023 Gain: $47.8 billionSource of Wealth: LVMH Moet Hennessy Louis Vuitton

☆ Club meeting recap: Jim Cramer says Wells Fargo is a buy following a first-quarter earnings beat
▼ + stars: | 2023-04-14 | by ( Christopher Alessi | In | ) www.cnbc.com time to read: +3 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Equities fall Buy Wells Fargo Watch Estee Lauder 1. Buy Wells Fargo Club holding Wells Fargo (WFC) on Friday delivered a beat on first-quarter revenue and earnings, while reiterating its full-year guidance for net interest income and expenses. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER .

☆ LVMH CEO Bernard Arnault's wealth soared to a record high of $210 billion on the same day protestors swarmed the company's headquarters in Paris
▼ + stars: | 2023-04-14 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

LVMH boss Bernard Arnault's fortune soared by $12 billion on Thursday to a record high of $210 billion, per Bloomberg. LVMH shares hit a record high in Thursday trade after a strong first-quarter earnings report. On Thursday, LVMH shares price on the Euronext Paris stock exchange hit a record high of 884.50 euros, or $979, before closing 5.7% higher at 883.90 euros a piece. LVMH's Arnault has featured frequently in protest slogans and chants, per Reuters on Thursday. LVMH shares are extending gains on Friday, trading 0.7% higher at 889.90 euros at 9:57 a.m. in Paris.

☆ A flurry of news outside the portfolio has implications for 3 of our stocks
▼ + stars: | 2023-04-13 | by ( Jeff Marks | ) www.cnbc.com time to read: +7 min

Here are three noteworthy news developments over the past two days, which contain useful insights about our stocks. For the full year 2023, Novo now expects sales growth in the range of 24% and 30%, compared to prior estimates of 13% to 19%. In addition, operating profit growth is expected to be in the range of 28% and 34%, up from a prior range of 13% to 19%. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ 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.

☆ Companies Urged to Take Stock of Their Impact on Nature and Related Risks
▼ + stars: | 2023-03-28 | by ( Joshua Kirby | ) www.wsj.com time to read: +5 min

“We used to think of nature as an endless supplier of resources into our business practices,” he said. “We’re trying to shift the conversation around the nature of the relationship between nature and business.”The final framework should give priority to the end result in natural areas, said Kat Bruce, founder and director of environmental-DNA startup NatureMetrics. Some $44 trillion of global economic value is moderately or highly dependent on nature, according to the World Economic Forum. Companies and shareholders should pay more attention to the material risk of natural degradation, Mr. Goldner said. The draft framework includes sector-specific guidance for areas including agriculture, mining, energy and financial services.

☆ A luxury buying spree is sending shares of companies like Gucci owner Kering and Hermes soaring
▼ + stars: | 2023-02-16 | by ( Morgan Chittum | ) www.businessinsider.com time to read: +2 min

Shares of Kering and Hermes are up 17% and 23% year-to-date, partly on optimism around China's reopeningShares of LVMH hit an all-time high of $176.13 earlier this month. Kering, Hermes, and LVMH helped lead the French CAC 40 to a record high on Thursday. Shares of LVMH Moët Hennessy Louis Vuitton, commonly known as LVMH, hit an all-time high of $176.13 earlier this month. Kering, Hermes, and LVMH made up a third of the French CAC 40 index's 14% gain this year, which helped propel the benchmark index to a record high on Thursday. The CAC 40 is outperforming the Stoxx Europe 600 Index, which has increased about 9% year-to-date as well.

☆ Louis Vuitton’s Formula for World Domination
▼ + stars: | 2023-02-11 | by ( Nick Kostov | ) www.wsj.com time to read: 1 min

PARIS—Louis Vuitton constructed a vast makeshift warehouse in the courtyard of the Louvre to house its recent menswear show. Hundreds of K-pop fans trying to get a glimpse of star Jung Hoseok , better known as J-Hope from BTS, lined the streets. The guest list was designed to attract global attention: Hong Kong pop singer Jackson Wang , Los Angeles rapper Tyga and Mia Khalifa , a Lebanese-born pornographic actress turned social-media influencer. J-Hope, Usher and “Emily in Paris” actor Lucien Laviscount took their front-row seats not far from Bernard Arnault , the chairman and chief executive of LVMH Moët Hennessy Louis Vuitton SA, together with his wife and four of his five children, all of whom work for the company.

☆ 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.

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