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.

LVMH CEO Bernard Arnault compared layoffs at Tiffany & Co. to job cuts at Meta, drawing a parallel between the two companies. Arnault revealed that he had discussed Meta’s decision to let go of low-performing employees with Mark Zuckerberg last week,

Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."

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 has announced its results for fiscal 2024. The French luxury conglomerate said that reported sales dipped 2 percent to €84.7 billion (+1 percent in organic terms), due to a ‘challenging economic and geopolitical environment’.

RBC Capital raised the firm’s price target on LVMH (LVMUY) to EUR 780 from EUR 700 and keeps an Outperform rating on the shares.Invest with

Bernard Arnault, whose perch at the head of luxury goods conglomerate LVMH has made him the world’s richest non-American, just dropped an absurd new term for layoffs in the tech industry. While discussing layoffs at subsidiary Tiffany & Co.

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.

Bernard Arnault, the mastermind behind the LVMH conglomerate, which includes luxury brands such as Louis Vuitton and Sephora, graduated with a Bachelor of Arts and Science degree from École Polytechnique in Paris.

2 Remember when George Washington and Abraham Lincoln cashed in on their presidencies by selling commemorative medallions? Oh, wait. They didn’t do anything like that. But Mr. Trump did. He capitalized on his newfound power by issuing a crypto token. What is it called?

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Mr Trump is more transactional than presidents before him, which increases the risk of cronyism and self-dealing. But America’s economy, including its technology industry, is too unwieldy and dynamic to petrify into an actual oligarchy, whatever diplomats and departing presidents say. ■