7/26/2023 0 Comments Charles and keith lvmhThe company became the first in Europe to cross the US$500 billion market valuation threshold this week, and the only one to be ranked among the top 10 biggest global companies. The family-controlled luxury conglomerate was built into a powerhouse by Bernard Arnault through serial acquisitions since the 1990s, giving his family a fortune that is now worth about US$212 billion (S$283 billion). The hotel, La Samaritaine and Louis Vuitton have one thing in common: they are all part of LVMH. The top names will always have value, especially the styles with history.”Īround the corner, a clutch of suited Italians and a German family milled in the lobby of the five-star Cheval Blanc hotel, where rooms start at about €2,200 a night and staff said occupancy was running at 70 per cent and above. “I save a bit, I think about them as investments. “It’s expensive, but I’ve been thinking about it for a few months,” the thirtysomething marketing manager from London said as she examined models of the Petit Sac Plat, a small rectangular bag which costs about €1,500 (S$2,207). PARIS - Ms Sharon Wong had decided she had earned a little indulgence as she browsed at Louis Vuitton in La Samaritaine department store, one of Paris’s marquee luxury shopping destinations.
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