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☆ Why people are taking photos of their airport trays now
▼ + stars: | 2024-09-08 | by ( Maureen O'Hare | ) edition.cnn.com time to read: +5 min

However, the trend is ruffling more than a few feathers, due to the airport security line being one of the top places in the world where it’s imperative to avoid dilly-dallying. Let’s also not forget that with all those shoes passing through security trays, you may as well be laying your items straight out on the floor. In 2018, a European study found that airport trays are the least hygienic part of the airport, carrying more germs than toilets. So while hand sanitizer doesn’t typically feature in these airport tray photos and videos, it should probably play a key part in the aftercare. “As long as the staged glamor photos are not causing delays or issues with other passengers in the checkpoint, there are no issues.

Persons: ”, “, Louis Vuitton, yall, Let’s, Faber, Piper Taich, Gen Organizations: CNN, New York Post, TSA, Metro, Adidas Gazelles, Chelsea, Amazon, US Transport Security Administration Locations: bookshelves, “, JFK, New York, Chicago

☆ Taylor Swift wore over $60,000 in jewelry for her return to her WAG era
▼ + stars: | 2024-09-06 | by ( Samantha Grindell | ) www.businessinsider.com time to read: +5 min

Taylor Swift attended the Kansas City Chiefs game on Thursday to support Travis Kelce. AdvertisementFootball is back, and so is Taylor Swift. Throughout the 2023-24 season, she often wore Chiefs gear or custom clothing that featured Kelce's number, 87. AdvertisementBut at Thursday's game, Swift seemed to fully embrace her WAG status, arriving in designer clothes and high-end jewelry. AdvertisementThe most expensive piece Swift wore was the Ruby Impetus interlocking puzzle ring from Retrouvai.

Persons: Taylor Swift, Travis Kelce, Versace, —, Swift, Kelce, Joseph Cassell Falconer, David Eulitt, Giuseppe Zanotti, Louis, It's, Bergdorf Goodman, retails, Randi Molofsky, Falconer, Taylor, Molofsky, it's, Lizzie Mandler, Kendall Junck Organizations: Kansas City Chiefs, Service, Baltimore Ravens, NFL, Arrowhead, Chiefs, Ravens, Louis Vuitton, TNT Locations: Kansas City , Missouri

☆ Planning a luxury trip to Singapore? Here's where to stay, shop and eat
▼ + stars: | 2024-08-19 | by ( Zenith Wong | In Zenithwong | ) www.cnbc.com time to read: 1 min

For many, Singapore — the city that inspired "Crazy Rich Asians" — is synonymous with luxury, with top-tier accommodations, high-end shopping and restaurants. But where to stay, shop and eat in a city that has so many options? CNBC's "First Class" series takes viewers into the city's top hotels and Michelin-starred restaurants, with an insider's look into The Shoppes at Marina Bay Sands, home to an underwater tunnel that connects the main building to a floating Louis Vuitton store. Watch the video above for more details on how to travel in style in Singapore.

Organizations: Michelin, Louis Vuitton Locations: Singapore, Marina Bay Sands

☆ China economy: Young people in China aren’t spending on romance. That’s a problem
▼ + stars: | 2024-08-13 | by ( Chris Lau | Hassan Tayir | ) edition.cnn.com time to read: +7 min

“The Qixi Festival is not as robust as previous years. Couples attend a kissing contest during the traditional Qixi festival in Shenyang, northeast China's Liaoning province, on August 13, 2013. “The only part of the world where consumer confidence remains very low is China,” L’Oreal CEO Nicolas Hieronimus told analysts on an earnings call late last month. Lower-than-expected growth in the global beauty sector this year is largely a consequence of low consumer confidence in China, he added. People take photos at a bus stop decorated with flowers during Qixi Festival, or Chinese Valentine's Day, on August 22, 2023 in Chongqing, China.

Persons: China’s, Louis Vuitton, ”, forlornly, Huang Jinkun, Alfred Wu, Lee, “, Yeap Jun Rong, Xi Jinping, Peng Liyuan, Stringer, De Beers, That’s, Niulang, Nicolas Hieronimus, Joanne Wilson, didn’t, ” Mercedes, Ola Kaellenius Organizations: Hong Kong CNN, Weibo, CNN, Qixi, Lee Kuan Yew, of Public, National University of Singapore, Volkswagen, Ministry of Civil Affairs, Getty, Diamond, State Administration of Foreign Exchange, Global, WPP, China News Service, Mercedes, ” Mercedes Benz Locations: China, Hong Kong, Shenyang, Liaoning province, Beijing, China's Liaoning province, AFP, Chongqing

☆ LVMH puts mark on Olympics as luxury brands embrace sports
▼ + stars: | 2024-08-11 | by ( Kaya Ginsky | ) www.cnbc.com time to read: +2 min

The 2024 Paris Olympic Games medals are displayed inside a custom-designed trunk manufactured by Louis Vuitton, an LVMH brand partner of the Paris Olympic and Paralympic Games, during a gathering at LVMH in Paris on July 22, 2024, ahead of the start of the 2024 Paris Olympic Games. Whether it's the Moët champagne poured to celebrate a win or the custom trunks that Louis Vuitton has made for medal ceremonies, luxury has been on full display at the 2024 Paris Olympic and Paralympic Games. To Carly Duguid, the creative director for tennis and fashion star Naomi Osaka, luxury fashion and athletics are the perfect combination. Osaka was the first athlete to partner with Louis Vuitton, whose roster now includes Victor Wembanyama, Carlos Alcaraz, and many French Olympians and Paralympians. LVMH has looked to make a big splash beyond just athlete partnerships, becoming the first luxury brand to be an Olympic sponsor.

Persons: Louis Vuitton, Carly Duguid, Naomi Osaka, Duguid, Victor Wembanyama, Carlos Alcaraz, LVMH, Gucci, Jack Grealish, Jannik Skinner, Caitlin Clark, Prada, Celine, Loewe, Sephora, Dom Perignon Organizations: Olympic, Paris Olympic, Paralympic Games, CNBC, French Locations: LVMH, Paris, Osaka

☆ When Olympic Sponsors Go Rogue
▼ + stars: | 2024-08-10 | by ( Tariq Panja | ) www.nytimes.com time to read: 1 min

When the French luxury goods conglomerate LVMH agreed to pay about $175 million to underwrite the organizing committee for the Paris Olympics, the company, owned by France’s richest person, Bernard Arnault, asked for more than any previous sponsor had ever done. Organizers of the Games, desperate for that cash, appeared to have said yes at every turn. Made by the LVMH-owned jeweler Chaumet. But there was one secret that had been held back, Antoine Arnault, who is Bernard Arnault’s son and the family’s representative to the Olympics, told a gathering of well-heeled Parisians on the eve of the Games. Keep an eye out, he and other LVMH executives said, for “a big surprise” involving the company.

Persons: Bernard Arnault, Chaumet, Louis Vuitton, Antoine Arnault, Bernard Arnault’s Organizations: Paris Olympics, France’s, Games

☆ These are the 5 luxury items China's Gen Z is going nuts for, a retail expert says
▼ + stars: | 2024-08-08 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +7 min

Related storiesThat makes sense because, per Germano, Gen Z Chinese buyers are less logo-orientated than their parents' generations. Saint LaurentGermano's third pick was the Saint Laurent Niki Medium bag, which retails for $3,150. Yves Saint LaurentThe Saint Laurent Le 5 à 7 Hobo handbag, which retails from $1,750 to $5,100, is another one of Germano's picks. Jeremy Moeller/Getty ImagesMaison Margiela's Replica sneakers are trendy among Chinese Gen Z-ers, Germano said. Like the understated Saint Laurent Le 5 à 7 Hobo, Maison Margiela's Replica sneakers are simple and discreet enough for everyday use.

Persons: —, Zers, Antonello Germano, Z, GG Marmont, Gucci, Marmont, Edward Berthelot, Germano, Gucci Horsebit, Jeremy Moeller, Gen, millennials, Laurent Niki, Saint Laurent Germano's, Saint Laurent Niki, Saint Laurent, Laurent Le, Yves Saint Laurent The, Yves Saint Laurent The Saint Laurent Le, Germano's, Laurent, Burberry, Hugo Boss, Bernard Arnault's LVMH, Louis Vuitton, Maison, Saint Laurent Le Organizations: Service, Daxue Consulting, Business, Getty, Saint, Yves Saint Laurent The Saint, tote, Bloomberg, Swatch, Dior Locations: China, Givenchy, Japan, Miami

☆ India's ultra-wealthy club is booming — here's where the country's rich are investing
▼ + stars: | 2024-08-06 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +5 min

High-end real estateAbout 30% of India's UHNWI investments go into luxury real estate, including overseas projects, said Alok Saigal, president of wealth management firm Nuvama Private. People have moved away from investing in land as it is less liquid, and more wealth has been allocated to residential real estate since the pandemic, he added. Around 20% of Dubai's offshore real estate pie is owned by Indian investors. Startups' lureInvesting in startups is becoming increasingly popular, especially with the younger generation of rich Indians, wealth managers told CNBC. Bloomberg | Bloomberg | Getty ImagesAbout 17% of India's UHNWIs' wealth goes into luxury goods, with jewelry, art and watches as top preferences, findings from Knight Frank revealed.

Persons: Knight Frank, Alok Saigal, Alok, Chethan Shenoy, Anand, Saigal, Nitin Chengappa, India's, Chengappa, Anand Rathi Wealth's, LVMH Moet Hennessy Louis Organizations: Getty, India, Nuvama Private, Offshore, Nuvama, CNBC, Standard Chartered Bank, Shoppers, DLF, BMI, Bloomberg, Fitch Solutions, LVMH Moet Hennessy Louis Vuitton SA Locations: Mumbai, Beijing, New York, London, UHNWIs, Dubai, Delhi, New Delhi, India

☆ In Photos: The best fashion, looks and trends from the 2024 Paris Olympics so far
▼ + stars: | 2024-08-05 | by ( Leah Dolan | ) edition.cnn.com time to read: +6 min

Even the Olympic athletes are letting their personalities shine through via arty manicures or spray-painted hair. Christophe Petit Tesson/Pool/EPA/ShutterstockBritish Prime Minister Keir Starmer wore a Team GB rain jacket to the opening ceremony of the Olympic Games Paris 2024. Matthew Stockman/Getty ImagesLady Gaga wore custom-made Dior during her cabaret-inspired performance at the opening ceremony. John Walton/PAUS track and field athlete Sha'Carri Richardson dazzled the camera with her custom manicure during the opening ceremony. Jamie Squire/Getty ImagesModel Kendall Jenner seen wearing Team USA merchandise and high-waisted jeans on August 1.

Persons: Anna Wintour, Ariana Grande, Thom Browne, Zendaya, Law Roach, Jean, Charles de Castelbajac, it’s, Keir Starmer, —, Celine Dion, Serena Williams, Louis Vuitton, Fondation Louis Vuitton, Anthony Behar, Cynthia Erivo, Vuitton, Browne, Christophe Petit Tesson, Karwai Tang, Thelma Davies, Emmanuel Matadi, Lars Baron, Getty, Chrissy Teigen, John Legend, Matthew Stockman, Lady Gaga, Dior, John Walton, Sha'Carri Richardson, Ashley Landis, Dr, Jill Biden, Ralph Lauren, Karen Bass, Jamie Squire, Shirine Boukli, Buda Mendes, Sauer, Charles McQuillan, Snoop Dogg, Charlie Riedel, Jessica Chastain, Yuto Horigome, Sara Balzer, Mustafa Ciftci, Nicole Kidman, Natalie Portman, Simone Biles, Pete Dovgan, ” Biles, “, I’m Simone Biles, Kendall Jenner, Sharon Stone, Spain's Carlos Alcaraz, Serbia's Novak Djokovic, Arturo Holmes, Jordan Chiles, Alvaro Diaz, Latifah, Sameer Al, Princess Anne, Pascal Le Segretain, Noah Lyles, Christian Petersen, Kirill Kudryavtsev Organizations: CNN, Olympic Games, Vogue, arty, Starmer’s, Fondation Louis, British, Team Liberia, Getty, USA, South Korean Olympic, NBC, Apple, Nike, Kyodo, Anadolu Agency, Speed, Team USA, Europa Press, Team Locations: Paris, New York, Chloé, AFP, Los Angeles, Spring , Texas, Serbia, USA

☆ Léon Marchand is the superstar and French sports hero these Olympics needed
▼ + stars: | 2024-07-31 | by ( Brendan Quinn | ) www.nytimes.com time to read: +10 min

NANTERRE, France — Léon Marchand has said he likes the silence underwater. That, six days into the 2024 Paris Olympics, is Marchand. #ParisOlympics pic.twitter.com/DEAEFeIxG4 — NBC Olympics & Paralympics (@NBCOlympics) July 31, 2024“I think that was why I was able to win that race,” Marchand said later. And when Léon Marchand swims, you see something different, and the French feel something different. GO DEEPER Meet Léon Marchand, the 'French Michael Phelps' ready to rule his home Olympics(Top photo of Léon Marchand on the podium after his 200-meter breaststroke win: Quinn Rooney / Getty Images)

Persons: France — Léon Marchand, he’s, Hungary’s Kristóf Milák, Marchand, you’ve, LEON MARCHAND, 🇫🇷#P, mpics &, Ja, Marc, ise, eck, egan, Lazar e stati, ros, Stef, cann, haru, ike, Xavier, swam i, Ryan Lo, Sarah S, Xavier M, Fran, e. Isola, ries Organizations: easts Locations: NANTERRE, France, Down, PARIS, ASU,

☆ Sotheby’s expands Hong Kong footprint with cavernous new exhibition and retail space
▼ + stars: | 2024-07-29 | by ( Oscar Holland | ) edition.cnn.com time to read: +5 min

CNN —A fossilized mammoth skull, centuries-old ceramics and Banksy’s famous self-shredding painting are among hundreds of high-value collectibles on show at Sotheby’s ambitious new retail outpost in Hong Kong. With younger collectors seemingly in mind, items on the first floor range in price from 5,000 to 50 million Hong Kong dollars ($640 to $6.4 million). The venture is the latest signal that major auction houses still consider Hong Kong to be their long-term hub in Asia. In June, Hermès also unveiled its expanded retail space in the neighborhood. It has simultaneously sought to grow its footprint in Hong Kong — not only with its newly unveiled Maison, but also a nearby 36,000-square-foot regional headquarters, due to open later this year.

Persons: Maison, Hong Kong, Art Basel’s, Isaac Lawrence, Louis Vuitton, Hermès, Sotheby’s, Patrick Drahi, Hong Kong —, Christie’s, Zaha Hadid’s, Phillips, Bonhams, Nathan Drahi Organizations: CNN, Hong Kong, UBS, Art, Art Basel, Getty, PricewaterhouseCoopers, Louis, Sotheby’s Locations: Hong Kong, Central, Asia, China, Hong, Hong Kong's Central, AFP, London, Singapore, Shanghai, Sotheby’s, Sotheby’s Asia, Paris, New York

☆ California School Official Who Embezzled $16.7 Million Gets Nearly 6 Years in Prison
▼ + stars: | 2024-07-27 | by ( Eduardo Medina | ) www.nytimes.com time to read: +1 min

A former California public school official who embezzled more than $16 million from a school district and used the money to fund a lavish lifestyle was sentenced to nearly six years in prison this week, according to the Justice Department. A federal judge on Thursday sentenced Jorge Armando Contreras, 53, who worked for the Magnolia School District in Orange County, to 70 months and ordered him to pay $16,694,942 in restitution. Mr. Contreras, of Yorba Linda, Calif., had pleaded guilty in March to one count of embezzlement, theft and intentional misapplication of funds from an organization receiving federal funds, the U.S. attorney’s office said. He used the money to buy a range of luxurious products like Louis Vuitton bags and $2,000 tequila bottles, according to the Justice Department. About $7.7 million in personal and real property traced to the scheme have been seized, officials said.

Persons: Jorge Armando Contreras, . Contreras, Martin Estrada, ” Mr, Contreras, Louis Vuitton Organizations: Justice Department, Magnolia School, Central, Central District of Locations: California, Orange County, Yorba Linda, Calif, U.S, Central District, Central District of California

☆ The Olympics are getting a luxury makeover this year
▼ + stars: | 2024-07-27 | by ( Madeline Berg | Ashley Rodriguez | ) www.businessinsider.com time to read: +7 min

From the custom Louis Vuitton cases presenting the Olympic medals and torch, to Armani attire donning Team Italy, luxury and beauty brands will be all over the Paris Games. LVMH is one of the biggest brand partners of the Paris Games, with the conglomerate spending about $160 million, Bloomberg reported. AdvertisementThe Paris Games also represent a return to form, with the crowds back for the first time since the pandemic. "A large amount of the global population will be watching" the Olympics, Fflur Roberts, the global head of luxury at Euromonitor International, told BI. The Olympics are also a high-stakes chance to prove luxury is "worth it" following a recent backlash against sky-high prices.

Persons: —, Louis Vuitton, Dior, Harry Poole, SponsorUnited, we've, Ellie Thorpe, Kantar BrandZ, Fflur Roberts, Marguerite Le Rolland, Poole, Octagon, Glossier, there's, Nancy Atufunwa, Stella Jean, Atufunwa, Thorpe, Bernard Arnault Organizations: Service, Olympic, Italy, Paris Games, Business, Bloomberg, Brands, Armani, Games, Excel Sports Management, Paris Olympics, Tokyo Games, Euromonitor, Olympics, Deloitte, USA, Women's, Haiti, Team Nigeria, LVMH Locations: Prada, Paris, Italian, France

☆ What are 2024 Olympic gold medals made of? Explaining the Eiffel Tower connection
▼ + stars: | 2024-07-27 | by ( Lukas Weese | ) www.nytimes.com time to read: +3 min

Winning an Olympic gold medal is considered a crowning achievement for an athlete, so it’s only fitting that the physical medal represents the significance. What else is unique about these gold medals and how are they connected to the Eiffel Tower? How much do the Olympic gold medals weigh? Who designed the Olympic gold medals? According to Forbes, a Paris 2024 Olympic gold medal is worth approximately $950.

Persons: Celine Dion, “, Eiffel, Moët Hennessey Louis Vuitton, Ludovic Marin –, Thomas Samson Organizations: Olympic, Eiffel, Paris, Olympics, LMVH, Louis Olympic Games, It’s, Forbes, The Athletic, Getty Locations: Paris

☆ The best looks worn by athletes and other stars at LVMH's pre-Olympics event
▼ + stars: | 2024-07-26 | by ( Gabbi Shaw | ) www.businessinsider.com time to read: +1 min

LVMH hosted a pre-Olympics party on Thursday called Prelude to The Olympics. 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 . The French conglomerate, overseen by billionaire Bernard Arnault, is believed to have spent $160 million to sponsor the games, Business Insider previously reported. This story is available exclusively to Business Insider subscribers.

Persons: LVMH, influencers, —, Anna Wintour, Pharrell, Rosalía —, Louis Vuitton, Fendi, Loewe, Stella McCartney, Bernard Arnault Organizations: Service, Dior, Business Locations: Paris

☆ Retiring at 50 has long been a guarantee for parts of China's working class — until now
▼ + stars: | 2024-07-26 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

But experts and think tanks have long said this is a policy change that an aging China desperately needs. It's currently running a lopsided policy of letting women retire up to 10 years earlier despite them living significantly longer on average than men. The pension problemKey to the retirement overhaul are China's pension funds. AdvertisementMost Chinese workers receive a state pension, which can be boosted by retirement funds from employers and personal contributions. Experts say that either way, Beijing will need more than a simple policy change to fix its crisis.

Persons: —, Sabrina Luk, Shaun Rein, Luk, It's, Gu Qingyang, CASS, it's, Louis Vuitton, Gu, Rein Organizations: Service, Business, Nanyang Technological University, China Market Research Group, Academy of Social Sciences, National University of Singapore, Louis Locations: Beijing, France, China, Xiaohongshu, Weibo, Singapore, Shanghai, Asia, East Asia

☆ A Louis Vuitton x SpaceX rocket could be coming to a sky near you
▼ + stars: | 2024-07-26 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

Elon Musk and Bernard Arnault have formed an unexpected friendship, the LVMH chief said. He even suggested the two have talked about a Louis Vuitton-branded SpaceX rocket. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAn unexpected friendship has apparently blossomed between two of the world's richest men: Elon Musk and Bernard Arnault. This story is available exclusively to Business Insider subscribers.

Persons: Elon Musk, Bernard Arnault, Arnault, Louis, —, Musk Organizations: CNBC, Louis Vuitton, SpaceX, Service, Paris Olympics, Business

☆ LVMH CEO Bernard Arnault says Olympics sponsorship honors the spirit of France
▼ + stars: | 2024-07-26 | by ( Jacqueline Corba | ) www.cnbc.com time to read: +1 min

For the first time a luxury brand is an Olympic sponsor. And it's not just one brand, it's the empire of LVMH . LVMH's sponsorship deal took a year of negotiations and ultimately landed at about $160 million of investment from the parent company of brands like Celine, Louis Vuitton, Loewe, Tiffany, TAG Heuer and Dom Perignon. Housing the medals are trunks made by LVMH brand Louis Vuitton. It's to show the spirit, the spirit of our group and the spirit of the country," said Arnault.

Persons: Bernard Arnault, CNBC's Andrew Ross Sorkin, Celine, Louis Vuitton, Loewe, Tiffany, Dom Perignon, LVMH, Hennessy, LVMH's Berluti, It's Organizations: Olympic, Dior's, TAG Heuer, Olympic Games, Louis Locations: Paris

Chuo Ward, Tokyo, Japan - February 23, 2018; Top luxury shopping streets with multi colored neon signs. For the first half of the year, luxury group LVMH this week reported " exceptional growth in Japan arising in particular from purchases made by Chinese travelers." SHANGHAI — Luxury brands are seeing a surge in sales in Japan, largely driven by purchases from Chinese travelers taking advantage of a weak yen, according to earnings results this month. The income segment covers families in mainland China earning at least 30,000 yuan a month ($4,140, or about $50,000 a year). besides Hong Kong, across most luxury brands."

Persons: Yves, Yves Saint Laurent, Trip.com, Xiao Hong Shu, netizen, Oliver Wyman, Louis Organizations: Yves Saint, Burberry, U.S, Federal Reserve, Bank of Japan, South, Japan National Tourism Organization, CNBC Locations: Chuo Ward, Tokyo, Japan, Ginza, China, Southeast Asia, SHANGHAI, South Korea, Weibo, Sapporo, Hong Kong, Malaysia, France, Asia

☆ LMVH and other global luxury brands are hurting as Chinese shoppers rein in spending
▼ + stars: | 2024-07-26 | by ( Anna Cooban | ) edition.cnn.com time to read: +4 min

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

☆ Take a look at the luxury items LVMH is custom-making for the Paris Olympics
▼ + stars: | 2024-07-25 | by ( Madeline Berg | ) www.businessinsider.com time to read: +1 min

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

☆ The latest 'it bag' comes from an under-the-radar fashion house that a millennial made cool again
▼ + stars: | 2024-07-24 | by ( Maria Noyen | ) www.businessinsider.com time to read: +5 min

To the canon of iconic luxury purses, we can now add the Holy Bag by Courrèges. In the months that followed, the Holy Bag quickly cemented itself as a celebrity "it bag." Hailey Bieber, pictured in NYC in June, is carrying a Courrèges Holy Bag. AdvertisementThe Holy Bag hits a sweet spot for different buyersThe stylists also said Courrèges designed the Holy Bag to cater to more than just a famous crowd. AdvertisementCharli XCX was spotted clutching a white version of the Holy Bag when it debuted at Paris Fashion Week in February.

Persons: —, Louis Vuitton, it's, Yael Quint, André Courrèges, Quint, Kris Jenner, Julia Fox, Chloe Fineman, Bourke, Hailey Bieber, Bottega Veneta's, Nicolas Di Felice's, Di Felice, Nicolas Di Felice, Victor Virgile, Nicolas, Courrèges, Edward Berthelot, Washington, I've Organizations: Service, Paris Fashion, Business, of Fashion Locations: Hermès, New York City, Los Angeles, Aisya Washington, New York, NYC, Washington

☆ World's largest luxury group LVMH slumps 5% after second-quarter revenue miss
▼ + stars: | 2024-07-24 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +1 min

Shares in the world's largest luxury group LVMH fell on Wednesday after its second-quarter sales came in below analyst consensus on Tuesday. Quarterly sales came in at 20.98 billion euros ($22.7 billion) in the second quarter, compared to the 21.6 billion euros LSEG analysts were expecting. Sales in Asia, excluding Japan, fell 14% in the second quarter from the same period a year earlier, LVMH said. Across the first half of the year, sales in Asia excluding Japan dropped 10% compared to the first six months of 2023, while sales in Japan rose by 44%, LVMH said. By business groups, wine and sprits revenue fell 5% in the second quarter of 2024 from a year earlier, and the watches and jewellery division declined 4% over the same time.

Persons: LVMH Organizations: Louis Vuitton, Gucci, Quarterly Locations: Lisbon, Portugal, London, Asia, Japan

☆ Americans Still Shop for Luxury Items in Physical Stores, Not Online
▼ + stars: | 2024-07-23 | by ( Emily Stewart | ) www.businessinsider.com time to read: +11 min

It found that people generally have a strong preference for a brick-and-mortar experience when buying luxury items. Online luxury sales picked up during the pandemic but have since come back down to earth. The overarching theme is that many consumers haven't warmed up to shopping luxury — namely, ultra-luxe items and brands — online. AdvertisementWe try to treat luxury with the same e-commerce experience we use for paper towels, and that just doesn't work. For the most part, luxury brands prefer that customers would rather shop in-store.

Persons: Gen Z, Claire Tassin, haven't, Jason Goldberg, hasn't, Goldberg, Luca Solca, Solca, Nora Kleinewillinghoefer, Prada, Tassin, Louis Vuitton, Kleinewillinghoefer, Emily Stewart Organizations: Walmart, Morning, Moda, Groupe, Bernstein, Bain & Company, Burberry, Gucci, luxe, Companies, Amazon, Business Locations: —, Kearney

☆ Cramer says consumers are more frugal, turning from companies without value prices
▼ + stars: | 2024-07-23 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer on Tuesday discussed consumer behavior, saying many are fed up with high prices of certain companies' products and services, such as those in the airline or retail business. They are pushing back on high prices, they are demanding bargains," he said. To Cramer, the travel and leisure bull market might be over, noting that many airlines have recently reported disappointing quarters. Cramer suggested that consumers maybe "aren't flocking to cruises as much as they're fleeing from higher hotel prices." And she's exacting, not revenge travel, but revenge against all who've kept prices high."'

Persons: CNBC's Jim Cramer, inflation's, Cramer, Louis Vuitton Organizations: Fed, Costco, Walmart

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