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Kim Jones steps down as artistic director at Fendi to concentrate on his role at Dior Men's
Read full article: Kim Jones steps down as artistic director at Fendi to concentrate on his role at Dior Men'sBritish designer Kim Jones is stepping down from his role as artistic director of womenswear and couture at Fendi, parent group LVMH announced.
A pioneering bill to slow fast fashion gets approval from France's lower house. Next stop the Senate
Read full article: A pioneering bill to slow fast fashion gets approval from France's lower house. Next stop the SenateFrance's lower house of Parliament has unanimously approved a pioneering bill to curb the environmental impact of fast fashion, marking a significant step towards sustainability in the global fashion industry.
Paris Olympic organizing head says budget 'under control' a year ahead of 2024 Games
Read full article: Paris Olympic organizing head says budget 'under control' a year ahead of 2024 GamesThe president of the Paris Olympic organizing committee says the operating budget for the 2024 Games is “under control.”.
Emotions high at French protests over Macron's pension plan
Read full article: Emotions high at French protests over Macron's pension planProtesters opposed to President Emmanuel Macron’s unpopular plan to raise the retirement age to 64 have marched in cities and towns around France, in a final show of anger before a decision on whether the measure meets constitutional standards.
Bernard Arnault: This is the French businessman who just beat out Amazon’s Jeff Bezos as world’s top billionaire, report says
Read full article: Bernard Arnault: This is the French businessman who just beat out Amazon’s Jeff Bezos as world’s top billionaire, report saysThe world now has a new billionaire as of Monday.
Tod's shares soar on $90.5m deal with French group LVMH
Read full article: Tod's shares soar on $90.5m deal with French group LVMHLVMH CEO Bernard Arnault and Tod’s founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to increase its stake in the Italian luxury goods maker.
Largest luxury deal back on, Tiffany agrees to lower price
Read full article: Largest luxury deal back on, Tiffany agrees to lower priceNEW YORK – The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris. LVMH will now pay $131.50 for each Tiffany share putting the total price tag at $15.8 billion, down from the $16.2 billion that was first offered earlier this year. Rumors that the two luxury companies had rekindled talks began to surface in recent days. “We are as convinced as ever of the formidable potential of the Tiffany brand and believe that LVMH is the right home for Tiffany," LVMH CEO Bernard Arnault said in a prepared statement Thursday. LVMH, led by billionaire Arnault, a consumate dealmaker, believes Tiffany will strengthen its position in high-end jewelry and in the U.S. market.