Taxes on the rich scare Wall Street, Lvmh rises in Tod's

The news that Biden wants to double taxes on the stock market earnings of the richest causes the drop in the US stock market - Tonight the Italy rating of S&P and the closing of the Creval takeover bid - Arnault increases his stake in the company…
Luxury restarts and Tod's-Ferragni awakens little savers

The LVMH flagship leads the luxury sector to new heights. But the Tod's-Ferragni case is surprising: +24% in 4 sessions. What's on the move is retail, which is all the rage in the US, a trend that the blonde Chiara seems to have rekindled…
Luxury, Arnault and Moncler launch the anti-Covid strategy

Lvmh and Moncler presented their second quarter accounts: revenues and profits cut down by the pandemic crisis, greeted by robust declines in the stock market - But both are aiming for a recovery with fewer stores and a lot of e-commerce - Here are their strategies…
Milan, Arnault will not arrive

Cold shower for AC Milan fans who were hoping for a change of ownership with the arrival of luxury patron Bernard Arnault, number one of Lvmh who however denied any interest in both the Rossoneri club and Prada.
Bag, is luxury no longer in fashion?

The luxury sector tries to rebound after the heavy losses recorded in the last few days, but the monthly performance remains largely negative - After the Morgan Stanley report, the clouds are gathering over the future of the sector and the positive data…
Bulgari: flurry of Consob fines on Opa Lvmh

The Supervisory Commission has fined Antonio Belloni, Alessandro Sonvico and Pentagram for a total of 850.000 euros - Lmvh's reply: "the company renews its confidence in its Chief Executive Officer, whose behavior in the Group has always been…
Lvmh sells Donna Karan for 650 million

The fashion house passes to G-III Apparel, which also holds the licenses for Calvin Klein, Tommy Hilfiger and Karl Lagerfeld - According to analysts, the sale demonstrates the luxury giant's unwillingness to keep brands on board…
China, anti-corruption is bad for luxury

LVMH laments the austerity measures implemented by Beijing as one of the causes of the decline. The world's largest luxury goods group saw revenue fall in the third quarter across Asia and particularly…