Bernard Arnault Grapples With Biggest Slump in LVMH History The luxury industry, known for its resilience and opulence, is currently facing one of its most challenging times in history. At the forefront of this struggle is Bernard Arnault, the chairman and CEO of LVMH (Moët Hennessy Louis Vuitton), the world’s leading luxury goods company. With […]
LVMH’s Moët Hennessy to Cut Workforce by 10%, FT Reports
LVMH’s Moët Hennessy to Cut Workforce by 10%, FT Reports The renowned luxury conglomerate LVMH, known for its opulent brands and exquisite products, is making waves once again in the business world. According to the Financial Times, LVMH’s wine and spirits arm, Moët Hennessy, is set to reduce its workforce by approximately 1,200 employees. This […]