LVMH Moet Hennessy Louis Vuitton SE (MOH.BE)
- Insider Monkey
The Largest Economy in the World by 2050
We recently compiled a list of the Top 20 Largest Economies in the World by 2050 and in this article we will take a look at the country that’s expected to be the largest in 2050. Global Economic Forecast: Emerging Markets Set to Dominate by 2050 According to a report by the Organisation for Economic Co-operation […]
- CNN Business
Europe’s richest man liked this Paris bistro so much his company bought it
French luxury conglomerate LVMH has added a tiny Parisian bistro to its sprawling empire of designer fashion brands, jewelry makers and hotels.
- Reuters
LVMH goes fois gras as group buys famous Paris bistrot
French luxury giant LVMH completed its acquisition of Paris's famous restaurant "Chez L'Ami Louis", established in 1924, as the group continues its diversification push towards lifestyle and hospitality, the company said on Thursday. As the luxury sector grapples with declining demand for high-end fashion as wealthy clients favor experience over accumulating apparel and accessories, LVMH is expanding its portfolio in the fast-growing "experiential" high-end travel and hospitality sector. "LVMH will work to preserve the unique character and family identity and continue to support its French savoir-faire and expertise," the company, controlled by billionaire Bernard Arnault, said in a statement.
