Billionaire Bernard Arnault hits back at ‘absurd’ and ‘senseless’ money laundering allegations

[ad_1] The Paris prosecutor’s office confirmed Friday that a preliminary investigation had been underway since 2022. Spokespeople for both Arnault, the CEO and chairman of the world’s largest luxury goods…

France Probes LVMH CEO Arnault Over Deal With Russian Businessman

[ad_1] Prosecutors say a preliminary investigation into money laundering has been under way since 2022 into the LVMH chief. [ad_2] Source link

Kevin Hart’s tequila brand strikes deal with Philadelphia Eagles as spirits push deeper into sports

[ad_1] When the Philadelphia Eagles kick off their home opener on Thursday Night Football, the NFL team will also start a new sponsorship deal with Gran Coramino, the luxury tequila…

Birkenstock warns in IPO filing that knock-offs on Facebook are a top risk

[ad_1] Nordstrom department store display of Birkenstock sandals at the Shops at Merrick Park, Miami. Jeff Greenberg | Universal Images Group | Getty Images Birkenstock, the iconic sandal maker founded…

European stocks head for lower open as sentiment sours slightly; Novo Nordisk to start session as Europe’s most valuable firm

[ad_1] 14 Mins Ago German companies’ inflation expectations dip German businesses reported slightly lower price expectations in August, according to a survey from the ifo institute. Timo Wollmershäuser, head of…

Coach and Michael Kors Tie-Up Shows Limits of Accessible Luxury

[ad_1] Affordable luxury has been a slow-growth category, and its prospects don’t look great either. [ad_2] Source link

Elon Musk says Tesla’s market cap is directly tied to whether it solves autonomous driving

[ad_1] Elon Musk, CEO of SpaceX and Tesla, attends the Viva Technology conference dedicated to innovation and startups at the Porte de Versailles exhibition centre in Paris, June 16, 2023.…

Corporate America Scales Back Hopes for China Revival

[ad_1] Big American companies in China were counting on a postpandemic boom to boost global revenue. For many, it isn’t happening.  [ad_2] Source link

WSJ News Exclusive | World’s Richest Man Likes the View Atop Refurbished Tiffany

[ad_1] Bernard Arnault says that under LVMH, profits have doubled at the American jeweler, which reopened its flagship store this week. [ad_2] Source link

CNBC Daily Open: Treading water before the tech wave

[ad_1] A person walks past a First Republic bank branch in Manhattan on April 24, 2023 in New York City. Spencer Platt | Getty Images News | Getty Images This…