LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’
Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.
Bernard Arnault says laid-off Meta staff were 'promoted outwards' — and LVMH's Tiffany is doing the same
Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."
Here's Why LVMH's Q4 Earnings Aren't As Bad As They Seem
LVMH’s Q4 earnings show mixed results but resilience in key segments. Learn why LVMHF stock is a buy, with strong long-term growth despite margin pressures.
LVMH shares fall as sales growth fails to impress
Shares in LVMH fell in early Frankfurt trading on Wednesday, as sales growth posted by the luxury goods group failed to impress investors, following a string of strong results from rivals and recent price gains.
LVMH touts good start to 2025 but Q4 results underwhelm
LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.
UK's Tesco to cut 400 jobs across stores and head office
Britain's biggest supermarket group Tesco plans to cut about 400 jobs from stores and its head office, seeking efficiency savings so it can invest in the business, it said on Wednesday.
Which tech billionaires attended Trump’s inauguration? Take our business and investing news quiz
2 Remember when George Washington and Abraham Lincoln cashed in on their presidencies by selling commemorative medallions? Oh, wait. They didn’t do anything like that. But Mr. Trump did. He capitalized on his newfound power by issuing a crypto token. What is it called?
Stocks to watch this week: ASML, Intel, LVMH, Shell and Glencore
The "Magnificent 7" are set to dominate earnings focus in the coming week, as five of these tech giants are due to report, though there are still a number of other big names releasing results. Tesla (TSLA),
Top 10 World’s Richest People And The Universities That Shaped Their Success
Billionaires like Elon Musk and Jeff Bezos owe their success to prestigious universities, shaping their paths through innovation and education.
Educational qualifications of richest people in the world including Elon Musk, Jeff Bezos, Mark Zuckerberg, and others
Explore how education shaped the world's wealthiest individuals. From Jeff Bezos' engineering degree to Elon Musk's short-lived PhD pursuit, and Mark
5 economic forces that could shape the first year of Trump’s presidency
Here are five economic forces that could shape the first year of Trump’s presidency: Whipping inflation is easier said than done.
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He's emboldened, he's organized and he's still Trump: Takeaways from the president's opening days
Donald Trump’s first week in office isn’t over yet, but what the Republican president has done so far offers clues about how his next four years in the White House may unfold