Billionaire Glasenberg Nears Purchase of Bike Maker Pinarello
Ivan Glasenberg is nearing a deal to buy storied Italian bicycle maker Cicli Pinarello Srl, according to people
2023-06-08 23:47
A Purple ‘Grimace Shake’ Is Coming to McDonald’s
McDonald’s new milkshake is bright purple, berry-flavored, and inspired by Grimace.
2023-06-07 03:16
The Big China Play That Fueled Luxury Stocks Is Now Fizzling Out
A Big Tech-like rush into luxury stocks is fast falling out of favor. China got the credit for
2023-06-04 15:54
Beverly Hills Veers Off Brand by Rejecting LVMH’s Luxury Hotel
Rodeo Drive’s storefront windows display the world’s most expensive labels: Gucci handbags, Prada slingback pumps, Chanel perfumes. It
2023-06-03 04:19
EU Raises Alarm Over Chinese Demands for Cosmetics Trade Secrets
The European Union has raised concerns with China about the detailed product information that cosmetics companies like L’Oreal
2023-06-01 21:59
LVMH Won’t Proceed With Beverly Hills Hotel as Vote Falls Short
Bernard Arnault, the world’s richest man, will scrap a plan to build a luxury hotel in Beverly Hills
2023-05-27 11:48
Wall Street Looks to ‘Little Mermaid’ to Stoke Theater Rally
A rally in movie-theater operators will be put to the test as the debut of Walt Disney Co.’s
2023-05-27 01:53
Schwarzman, IMF Chief Are Confident of US Debt Deal: Qatar Forum
Blackstone Inc. Chief Executive Officer Steve Schwarzman said he doesn’t expect the US to default on its debt,
2023-05-24 22:23
LVMH, Kering Slide Again as Cracks Appear in Luxury’s Bull Case
European luxury giants LVMH and Kering SA fell, extending a rout that’s wiped out about $56 billion from
2023-05-24 18:59
World’s Richest Man Loses $11 Billion After LVMH Stock Rout
Bernard Arnault, the world’s richest person, had $11.2 billion wiped from his fortune in one day over concerns
2023-05-24 04:58
Luxury Stocks Take $30 Billion Hit as LVMH, Hermes Lead Slump
A rout in European luxury stocks is wiping more than $30 billion off the sector on Tuesday, after
2023-05-23 18:16
Online Luxury Retailer Farfetch Surges as Consumers Keep Splurging
Farfetch Ltd shares jumped as much as 23% in after-hours trading following financial results that beat Wall Street’s
2023-05-19 05:54