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 ...
World’s 5th richest man Bernard Arnault coins new phrase for being fired: ‘Promoted outwards’
Losing your livelihood is now doubleplusgood! Bernard Arnault, CEO of LVMH and the world’s fifth richest man, has coined a new phrase for those who are being laid off — “being promoted outwards, so to ...
LVMH’s CEO Bernard Arnault Does Not Deny DFS Sale As Stock Slides
French luxury conglomerate LVMH saw its stock slide by more than 6% following the Tuesday evening reveal of its 2024 annual results.
New York Post21d
The real reason why billionaire LVMH head Bernard Arnault and his ‘Succession’ heirs were at Trump’s inauguration
While a trillion dollars’ worth of tech money was on prominent display at Donald Trump’s inauguration, the presence of one billionaire and his children raised more eyebrows than Lauren Sanchez ...
Business Insider16d
Bernard Arnault says laid-off Meta staff were 'promoted outwards' — and LVMH's Tiffany is doing the same
Bernard Arnault ... attended last week. Arnault added on the call: "We didn't have a choice. At Tiffany, we had to let go of some people." He described the luxury jewelry brand as a "sleeping ...
Trump’s tariff threats hang over young Arnault’s mission to fix LVMH drinks unit
Alexandre Arnault is taking a key role at LVMH's $6 billion wine and spirits business just as U.S. President Donald Trump ...
AOL16d
LVMH CEO Bernard Arnault came up with a new way to describe layoffs: being ‘promoted outwards’
At least that’s how LVMH CEO Bernard Arnault sees it. Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton ...
U.S. News & World Report10d
Trump’s Tariff Threats Hang Over Young Arnault’s Mission to Fix LVMH Drinks Unit
The alcohol division, whose brands include Moët & Chandon ... through on threatened levies on Europe. Alexandre Arnault, one of LVMH CEO Bernard Arnault's five children vying for more ...