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Bernard Arnault entered Thursday having lost more wealth this year than any other billionaire, with his luxury-goods fortune slumping by $24 billion. Then China ... like this visit The Economic ...
China's new stimulus measures helped boost Bernard Arnault's net worth by $6.2 billion in a day. China's central bank announced interest rate cuts and liquidity support to aid its struggling economy.
Bernard Arnault’s wealth has swayed by billions in recent weeks, and each time, a nudge on China’s economic rebound is all it took. The LVMH CEO had a mildly painful year as he fell to fifth ...
Arnault’s good fortune is largely tied to recent economic developments in China, one of LVMH’s largest markets. Significant stimulus measures announced by China’s central bank earlier this ...
Bernard Arnault's last visit to China drew large crowds and received social media coverage. LVMH, led by Arnault, has grown significantly in China since entering the market in 1992. LVMH's sales ...
Bernard Arnault isn’t the only winner. China and Hong Kong stocks are on track to log their best weekly performances in 16 years, according to Reuters, following the surprise stimulus measures ...
Usually contracyclical, luxury (and LVMH) has shown incredible resistance over the last number of years—especially in China ... was more low-key and a visit to the city’s shopping malls ...
Bernard Arnault’s luxury fashion group LVMH on Wednesday led its rivals’ shares downward after it reported disappointing sales on weak China demand. LVMH’s fashion and leather goods unit ...
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