LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’
Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.
Bernard Arnault says laid-off Meta staff were 'promoted outwards' — and LVMH's Tiffany is doing the same
Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."
LVMH shares fall as sales growth fails to impress
Shares in LVMH fell in early Frankfurt trading on Wednesday, as sales growth posted by the luxury goods group failed to impress investors, following a string of strong results from rivals and recent price gains.
LVMH touts good start to 2025 but Q4 results underwhelm
LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.
UK's Tesco to cut 400 jobs across stores and head office
Britain's biggest supermarket group Tesco plans to cut about 400 jobs from stores and its head office, seeking efficiency savings so it can invest in the business, it said on Wednesday.
Stocks to watch this week: ASML, Intel, LVMH, Shell and Glencore
The "Magnificent 7" are set to dominate earnings focus in the coming week, as five of these tech giants are due to report, though there are still a number of other big names releasing results. Tesla (TSLA),
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Stocks diverge as investors weigh earnings, Trump policies
Global stock markets were pulled in different directions on Friday as investors weighed corporate earnings, economic data and US President Donald Trump's policies.
5 economic forces that could shape the first year of Trump’s presidency
Here are five economic forces that could shape the first year of Trump’s presidency: Whipping inflation is easier said than done.
He’s emboldened, he’s organized and he’s still Trump: Takeaways from the president’s opening days
Feeling burned by the holdover of Obama administration appointees during his first go-around, Trump swiftly exiled Biden holdovers and moved to test new hires for their fealty to his agenda.
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Emboldened, organized, and unchanged. AP looks at Trump's return to power
Donald Trump’s first week in office isn’t over yet, but what the Republican president has done so far offers clues about how his next four years in the White House
He’s emboldened, he’s organized and he’s still Trump: Takeaways from the president’s opening days – Associated Press
President-elect Donald Trump, from left, takes the oath of office as son Barron Trump and wife Melania Trump watch during the 60th Presidential Inauguration
Amazon’s Prime Video Inks Lionsgate Streaming Deal, Will Get Exclusive Window on Films After First Run on Starz
Amazon's Prime Video inked a deal with Lionsgate for an exclusive streaming window on the studio's films after an initial run on Starz.