The CEO of luxury conglomerate LVMH reportedly dismissed money laundering allegations against him. The Paris prosecutor’s office said it is undertaking a preliminary investigation into financial transactions between Bernard Arnault and Russian oligarch Nikolai Sarkisov, CNBC reported Monday (Oct. 2). The transactions — involving the...
French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE, is reportedly under investigation for possible money laundering. The investigation, initiated by the Paris public prosecutor’s office, focuses on Arnault’s dealings with Russian businessman Nikolai Sarkisov and their transactions related to...
The reopening of China will bring new opportunities to luxury brands that have already enjoyed a record year. So said LVMH Chairman and CEO Bernard Arnault during a Thursday (Jan. 26) webcast covering the luxury goods group’s 2022 full-year results — which included record revenue...
LVMH’s share price rose to over 800 euros on Tuesday (Jan. 17). The fashion and luxury goods group, which is listed on the Euronext Paris exchange, briefly traded at over 800 euros (roughly $863) a share, boosting the company’s market capitalization to 400 billion euros...
October 02, 2023
The CEO of luxury conglomerate LVMH reportedly dismissed money laundering allegations against him. The Paris prosecutor’s office said it is undertaking a preliminary investigation into financial transactions between Bernard Arnault and Russian oligarch Nikolai Sarkisov, CNBC reported Monday (Oct. 2). The transactions — involving the Hotel Cheval Blanc — had the appearance of money laundering. […]
September 29, 2023
French billionaire Bernard Arnault, the CEO of luxury conglomerate LVMH Moet Hennessy Louis Vuitton SE, is reportedly under investigation for possible money laundering. The investigation, initiated by the Paris public prosecutor’s...
January 26, 2023
The reopening of China will bring new opportunities to luxury brands that have already enjoyed a record year. So said LVMH Chairman and CEO Bernard Arnault during a Thursday (Jan....
January 17, 2023
LVMH’s share price rose to over 800 euros on Tuesday (Jan. 17). The fashion and luxury goods group, which is listed on the Euronext Paris exchange, briefly traded at over...
