Expect another year of rapid growth at LVMH, insisted Bernard Arnault, chairman of LVMH, at the group's AGM. Though he called reports that LVMH executives had held talks with the owners of Chanel “fake news.”
LVMH’s Louis Vuitton brand, the biggest revenue driver at the French luxury goods group, said on Monday it had tapped Virgil Abloh, the founder of streetwear label Off-White, to design its menswear collections.
By exploring new creative directions at Dior, Louis Vuitton and Céline with three important appointments, the luxury group has deftly reshuffled its hand and is now betting on menswear, sportswear and digital.
Amazon chief Jeff Bezos is now the world's richest person, having snatched the top spot from Microsoft founder Bill Gates who slips to second place, according to Forbes magazine's annual billionaires list.