LVMH
Bernard Arnault, chair and CEO of LVMH, spoke at the company's annual general meeting in Paris on Thursday, highlighting the Middle East crisis's drag on sales, strong reception for Dior's new designs, and his succession plans. Amid a 25% drop in share price this year, Arnault expressed confidence in the luxury group's future and revealed his family's stake exceeds 50%. He dismissed rumors of selling the La Samaritaine department store.
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The seventh edition of LVMH Watch Week took place in Milan, where nine LVMH watchmaking houses unveiled 13 innovative timepieces. Brands including Bvlgari, Hublot and Zenith presented creations ranging from ultra-thin dress watches to complex tourbillons. The event highlighted creative advancements while honoring each maison's heritage.