Nike plots $100 sneaker line as shares plunge in worst-ever drop

Nike will roll out new $100-and-under sneakers in countries around the world, its chief financial officer said Thursday, as the sportswear giant tweaks its product lineup in a plan aimed at getting sales back...

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. The company, owned by Europe’s richest man Bernard Arnault, said Thursday that it...

Katy Perry-backed food products firm Bragg explores sale

Bragg Live Food Products, which is backed by celebrities Katy Perry and Orlando Bloom, is exploring a sale that could value the maker of apple cider vinegar at more than $500 million, including debt,...

LVMH and Accor join forces to take Orient Express to new horizons

Accor and LVMH have entered into a strategic partnership to accelerate the development of Orient Express, a legendary House synonymous for more than a century with the most exclusive travel experiences. Since the inaugural voyage...

12 Jobs ChatGPT Will Soon Replace, According To ChatGPT

Technology, robotics and automation are replacing jobs at an alarming rate. The World Economic Forum has estimated that artificial intelligence will replace some 85 million jobs by 2025. But one AI tool thinks it...

Jeff Bezos Tops Bernard Arnault For World’s 2nd Richest Person, Behind Elon Musk

Amazon founder Jeff Bezos overtook French luxury goods tycoon Bernard Arnault as the second-wealthiest person in the world Monday morning after LVMH’s shares fell and Amazon shares slightly increased—and the pair continued to flip-flop...

Musk Says Tesla is Not Releasing New Model Y, ‘Project Juniper’, This Year

Today on X, Elon Musk has confirmed that there will not be a Model Y refresh coming in 2024, to match the recent Model 3 refresh. This news isn’t exactly surprising given the fact that...

Luxury prices in spotlight as Chanel enters new chapter

The departure of Chanel's top designer early Thursday sent ripples across the $1.62 trillion luxury goods industry at a time when all the major global players are at a crossroads. The playbook at the world's...

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