You won't be fired, you may be 'promoted outwards', thanks to LVMH CEO
LVMH CEO Bernard Arnault compared layoffs at Tiffany & Co. to job cuts at Meta, drawing a parallel between the two companies. Arnault revealed that he had discussed Meta’s decision to let go of low-performing employees with Mark Zuckerberg last week,
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."
LVMH shares fall as sales growth fails to impress
 · 3dThe Financial Times
LVMH sales growth raises hope for end to luxury downturn
Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. LVMH defied expectations and increased sales in its most recent quarter thanks to a buoyant US economy and ...
Shares in luxury giant LVMH trade lower as sales growth disappoints
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LVMH FY2024: ‘unfavorable global economic environment’ contributes to 2 percent drop in sales
LVMH has announced its results for fiscal 2024. The French luxury conglomerate said that reported sales dipped 2 percent to €84.7 billion (+1 percent in organic terms), due to a ‘challenging economic and geopolitical environment’.
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.
Bernard Arnault, world's richest non-American, drops absurd new term for tech layoffs
Bernard Arnault, whose perch at the head of luxury goods conglomerate LVMH has made him the world’s richest non-American, just dropped an absurd new term for layoffs in the tech industry. While discussing layoffs at subsidiary Tiffany & Co.
Top 10 world’s richest people and their education qualifications
Bernard Arnault, the mastermind behind the LVMH conglomerate, which includes luxury brands such as Louis Vuitton and Sephora, graduated with a Bachelor of Arts and Science degree from École Polytechnique in Paris.
The Wind Remains At Formula One's Back
Liberty Media Formula One trades at ~30x our estimate and the stock is certainly not cheap. Why are we bullish FWONA stock? Find out.
Amazon’s Prime Video Inks Lionsgate Streaming Deal, Will Get Exclusive Window on Films After First Run on Starz
Amazon's Prime Video inked a deal with Lionsgate for an exclusive streaming window on the studio's films after an initial run on Starz.
Stocks to watch next 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),
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.