This week, shares soared after luxury’s biggest player reported another quarter of better-than-expected results. But protesters flooding Paris’ tony shopping streets penetrated LVMH’s headquarters — sounding the alarm for luxury’s political climate.
Pietro Beccari will succeed Michael Burke leading LVMH flagship Louis Vuitton, while Delphine Arnault will become Dior’s new CEO as part of the luxury conglomerate’s biggest executive reshuffle in years.
The e-commerce giant is seeking a cash injection to avert a collapse that could send shockwaves across the fashion industry. So far nobody has come to the table and time is running out, but founder Jose Neves may yet have a move up his sleeve.