By Tassilo Hummel and Elisa Anzolin PARIS -In trying to reduce Kering's over-reliance on struggling flagship label Gucci, ...

But that decline was virtually erased by the LVMH stock surge, leaving him only $300 million in the red at Friday's close. His luxury peers haven't been so lucky, however. Pinault has shed the ...

Tensions between Arnault and Pinault, the driving forces behind LVMH and Kering respectively, were on full display with their brands’ prominent appearances at the cathedral. This rivalry dates ...

Demand in China has weakened for expensive designer clothes and fine wines, which has also hurt LVMH. The younger Pinault took the helm about two decades ago and was instrumental in focusing the ...

LVMH’s opaque approach to succession contrasts with other family-led luxury firms. François Pinault, founder of rival group Kering, passed his holding company to his three children in 2001.

In 2005, Pinault handed the reins to his son François-Henri Pinault, who was 42 years old at the time. In LVMH’s case, current rules dictate that Agache Commandité would appoint itself as the ...

LVMH shares fell as much as 7% in Paris on Tuesday ... who've lost more money this year is Arnault's arch rival, François Pinault — the founder of Gucci and Balenciaga owner Kering.

LONDON—Hours before a star-studded runway show at the Tate Modern museum in May, Gucci’s billionaire owner, François-Henri Pinault, huddled with his newly installed leadership team at its ...

Francois Pinault, the octogenarian founder of Kering ... the founder of rival LVMH, which has also been hit by a drop in demand for high-end goods.