Tag Archives: lvmh

Less than 4 months ago, the readers of Forbes magazine were able to see Bernard Arnault having 102 billion. Back then, the man told that he’s small compared to Microsoft. However, today Bernard has 7 billion dollars more than Bill Gates himself. Bill is the third biggest money owner on the planet. And the second one is Jeff Bezos. Yes, he has again lost his status of the richest person of the planet, this time not to Gates but to Arnault.And one only can wonder what those rich people do with...

This year was pretty good for one of the most famous world’s billionaires. However, the whole decade seems to finish even better. Take Warren Buffett for example. He is ending the year with a net worth of approximately $89 billion, up around $42 billion since 2010 and making him the seventh-biggest billionaire gainer of the past 10 years. Let it also be known that the Oracle of Omaha never sold any Berkshire Hathaway, and about 98% of his fortune is made up only of the company’s shares.But,...

Jeff Bezos has unexpectedly become the world’s richest man again. This occurred largely due to a significant increase in U.S. online sales which has risen by 15.8 % as opposed to last year. Online retailers have made sales of about $50.1 billion this month alone so far. This, of course, has been reflected in the rising prices in Amazon stock which stands at $1,818.51 per share which indicates a rise of about 1.20% in the past twenty-four hours. Amazon’s stock has rebounded largely in part to...

Multibillion-dollar luxury brands owner LVMH has reached a deal to acquire Tiffany & Co for $16.5 billion. Sources indicate that the luxury brand owner has finally gained the acceptance of this present deal for acquisition after both boards have approved it.LVMH is known globally for ownership of some of the world’s most luxurious brands which include Louis Vuitton, Christian Dior, and Moët & Chandon among 75 others commonly referred to as the “Maisons” or houses. LVMH has further...

LVMH, the French multinational luxury goods company and owner of the Louis Vuitton and Givenchy brands, has made an official offer to acquire Tiffany & Co., the popular American luxury jewelry retailer. LVMH hopes to expand its business, by taking a direct dive into the United States markets for luxury fashion items and has chosen to do this through Tifanny.According to a Bloomberg report, LVMH is offering $14.5 billion for the acquisition which was noted by certain people who are privy...