The Business of Fashion
Agenda-setting intelligence, analysis and advice for the global fashion community.
Agenda-setting intelligence, analysis and advice for the global fashion community.
PARIS, France — It has been a roller coaster ride for the planet's richest people this week as tariffs and tech roiled markets.
Bernard Arnault, chairman of luxury-goods maker LVMH, reached a new level of rich as his Christian Dior SE rose to a record Thursday, making him the fourth-wealthiest person, surpassing Spaniard Amancio Ortega on the Bloomberg Billionaires Index.
The Frenchman is now worth $70.7 billion, the most of any European.
By Devon Pendleton, with assistance from Tom Metcalf; editors: Pierre Paulden and Peter Eichenbaum.
In 2020, like many companies, the $50 billion yoga apparel brand created a new department to improve internal diversity and inclusion, and to create a more equitable playing field for minorities. In interviews with BoF, 14 current and former employees said things only got worse.
For fashion’s private market investors, deal-making may provide less-than-ideal returns and raise questions about the long-term value creation opportunities across parts of the fashion industry, reports The State of Fashion 2024.
A blockbuster public listing should clear the way for other brands to try their luck. That, plus LVMH results and what else to watch for in the coming week.
L Catterton, the private-equity firm with close ties to LVMH and Bernard Arnault that’s preparing to take Birkenstock public, has become an investment giant in the consumer-goods space, with stakes in companies selling everything from fashion to pet food to tacos.