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France, United States
Elon Musk, a further portal to the Trump White House for Bernard Arnault

Published on 07.11.2024 at 06:00 GMT Reading time 2 min

While the LVMH chief already had a relationship with the US president-elect, he has recently forged much more personal ties with tech magnate and Donald Trump fan Elon Musk.

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Luxury brands tread carefully as Trump's diversity crackdown looms

Luxury groups met in New York last week to chart a safe passage through the storm of the new US administration's anti-diversity crusade.

Subscribers only United States Entourage 13.02.2025

Berluti burdened by debt despite praise from Bernard Arnault

Berluti was lauded by Bernard Arnault at the presentation of LVMH's 2024 results last week, but the Italian shoemaker is nonetheless carrying a heavy debt.

Subscribers only France, Italy Houses 06.02.2025

Front Row
Divesh Makan, the wealth manager who engineered the split between LVMH and Stella McCartney

A director at Stella McCartney, Makan helped pull off the move to buy back LVMH's stake in the brand. The South African is also very close to Louis Vuitton creative director Pharrell Williams. His Iconiq fund manages the assets of a host of Hollywood stars who front luxury brands, as well as leading Silicon Valley executives.

Subscribers only United States Families 06.02.2025

As discreet as he is influential, Divesh Makan manages and reinvests the fortunes of Silicon Valley billionaires.

In Focus
How luxury giants like Lauder, Hilfiger and Arnault cosied up to Trump

The Republican's return to the White House had been widely anticipated by the luxury goods industry, which has stepped up its contacts with Donald Trump's entourage and made strategic decisions with this in mind.

Subscribers only United States Entourage 23.01.2025

The luxury goods industry has stepped up its contacts with Donald Trump's entourage.

How Ralph Lauren prepared for Trump's return

Favoured by both Jill Biden and Melania Trump, Ralph Lauren is probably the fashion company best prepared for Donald Trump's return to the presidency of the United States.

Free access United States Houses 05.12.2024

Christie's and Sotheby's gear up for crypto-auctions

With Donald Trump and his new adviser, the billionaire cryptocurrency champion Elon Musk, intending to facilitate the use of digital currencies, leading auctioneers like Christie's and Sotheby's are concerned about the problems that such measures may pose, not least in terms of money laundering.

Subscribers only United States Entourage 21.11.2024

Inside LVMH's spirited drive to pre-empt Trump's looming alcohol tariffs

The French luxury goods giant, badly stung by US trade barriers raised in 2019, acted to protect its ailing wine and liquor interests well before Donald Trump's election to a second term of office. Hiking tariffs on a range of imports, including alcoholic drinks, was a pillar of the US president-elect's campaign platform.

Free access United States Houses 14.11.2024

LVMH executive Chris de Lapuente's exit accelerates board revamp

Selective retailing branch chief Chris de Lapuente is only the latest executive to leave the luxury giant's executive board, after Antonio Belloni and ahead of Jean-Jacques Guiony's planned departure next year. Further LVMH heavyweights are expected to follow in the months to come, just as the influence of Bernard Arnault's children becomes increasingly clear.

Subscribers only France Houses 27.09.2024

On the eve of Paris Fashion Week, LVMH ponders management rethink of couture houses

Just as LVMH is finalising the arrival - and potential departure - of several creative directors, the management of LVMH Fashion Group is weathering turbulence, too. Having set up an interim management team, the luxury giant is now eyeing a more permanent organisation.

Subscribers only France Houses 19.09.2024

Spotlight
Condé Nast grapples with advertiser exodus as Prada and Dior flock elsewhere

The US media giant behind Vogue, Vanity Fair, GQ, Glamour and their numerous international editions has already made significant lay-offs and adopted a sweeping restructuring plan. The company now has an unprecedented withdrawal of advertisers to contend with.

Subscribers only United States Entourage 19.09.2024

Anna Wintour's ultra-smooth fringed bob and dark glasses have been part of the Paris Fashion Week landscape for years.

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