The billionaire owner of LVMH, Bernard Arnault, has voiced strong opposition to France’s proposed wealth tax, warning that its introduction could significantly damage the nation’s economy. Arnault, currently the richest
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Giorgio Armani, one of fashion’s most enduring legends, has left the industry in shock by permitting the sell off of his iconic €23 billion business in his will. The renowned
LVMH, the world’s largest luxury group, has reported a steep downturn in its core fashion and leather goods division, providing a fresh signal that even affluent consumers are scaling back
The £1 trillion-a-year luxury goods industry is facing unprecedented challenges as sales slump across major markets. Recent figures from industry giant LVMH reveal a concerning pattern, with fashion and leather
