Arnault Lets Them Eat Cake Amid Luxury Hospitality Push

Maison Cheval Blanc - Courchevel | Source: LVMH

PARIS, France — French billionaire Bernard Arnault wants you to spend the night and eat his pastries. After decades of acquiring luxury goods that consumers can drink and wear, the chairman of LVMH Moet Hennessy Louis Vuitton SA last week bought a five-star hotel in St. Barths and in June added a storied Milanese cafe, accelerating his push to meet all his well-heeled clients’ earthly needs.

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LVMH Increases Holding in Rival Hermès in ‘Opportunistic’ Move

LVMH Chairman and CEO Bernard Arnault | Source: Courtesy photo

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury goods maker, said it increased its stake in Hermès International SCA to 23.1 percent from 22.6 percent in what it described as “an opportunistic move.”

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LVMH and Kering Sales Growth Accelerates as Luxury Goods Industry Rebounds

Louis Vuitton Menswear Spring/Summer 2014 | Photo: Sonny Vandevelde

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, and Gucci owner Kering SA reported accelerating sales growth as the industry rebounded from a weak start to the year.

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LVMH China Watch Sales Decline Offset by Overseas Purchases

Tag Heuer campaign feat. Maria Sharapova 2013 | Source: Tag Heuer

PARIS, France — LVMH Moet Hennessy Louis Vuitton SA, the world’s largest luxury-goods maker, says its sales of jewelry and watches have dropped in mainland China and are being offset by Chinese nationals buying overseas.

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Thrift Trumps Abenomics as Japan Shoppers Stick to Bargains

Market at Nissan Stadium Yokohama Japan | Source: Shutterstock

TOKYO, Japan — Japanese apparel firm Fast Retailing Co Ltd has a problem: sales are surging, full-year net profits are expected to rise nearly 28 percent but the customers thronging the stores of its popular Uniqlo brand are far too frugal for its liking.

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Loro Piana Brothers Become Billionaires Selling Cashmere to LVMH

Sergio and Pier Luigi Loro Piana | Source: Bloomberg

CORONA, Italy — Sergio and Pier Luigi Loro Piana, the brothers who head Italian cashmere clothier Loro Piana SpA, have emerged as billionaires after agreeing to sell 80 percent of the family-owned company to LVMH Moet Hennessy Louis Vuitton SA.

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