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LVMH, Kering Slide Again as Cracks Appear in Luxury s Bull Case

LVMH, Kering Slide Again as Cracks Appear in Luxury s Bull Case
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United statesFrance generalLuca solcaSociete generaleSwetha ramachandranSanfordc bernsteinErwan rambourgRoland kaloyanEdouard aubinLuxury brands fundMorgan stanleyCovid zeroLuxury indexBrands fund

World s richest man loses US$11bil in LVMH rout

Bernard Arnault, the world’s richest person, had US$11.2bil (RM51.2bil) wiped from his fortune in one day over concerns that a softening US economy would dampen demand for luxury goods.

United statesFrance generalAdam cochraneBernard arnaultEdouard aubinChristian diorLouis vuittonDeutsche bankTesla inc elon muskMorgan stanleyBloomberg billionairesTesla incElon muskTextiles apparelLuxury goods indexMatt garland

Louis Vuitton billionaire Bernard Arnault loses $11 7m a minute in stock rout

Louis Vuitton billionaire Bernard Arnault had $16.9 billion wiped from his fortune in one day over concerns that a softening US economy will dampen demand for luxury goods.

France generalGilles guiboutEdouard aubinMorgan stanley

World s richest man loses $15 billion in one day after LVMH stock rout

The founder of LVMH had seen his wealth balloon for most of 2023. Read more at straitstimes.com.

France generalUnited statesEdouard aubinLouis vuittonChristian diorAdam cochraneBernard arnaultMorgan stanleyDeutsche bankChandon champagneBloomberg billionairesTextiles apparelLuxury goods indexMatt garland

World s richest man Bernard Arnault hit by $11 2 billion wealth drop amid US economic softening

Bernard Arnault, the world s richest person experienced an $11.2 billion decline in his fortune in a single day due to concerns about a softening US economy affecting luxury goods demand.

France generalChristian diorElon muskLouis vuittonAdam cochraneEdouard aubinTesla incDeutsche bankMorgan stanleyChandon champagneBloomberg billionairesTextiles apparelLuxury goods indexMatt garland

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