Jeff Bezos' net worth reportedly surpasses Bernard Arnault's
Jeff Bezos' personal fortune climbed higher Monday than LVMH CEO Bernard Arnault's, according to Bloomberg. The outlet pegged the Amazon cofounder's net worth at $156.3 billion.
LVMH loves Birkenstock as IPO kicks off
LVMH has provided backing for Birkenstock through a private equity firm. The popular sandal maker began trading on the New York Stock Exchange debut on Wednesday opening below its offering price.
Rihanna resigns as CEO of lingerie brand Savage X Fenty
Rihanna became a billionaire because of her Fenty Beauty line, and has since included the inclusive Savage X Fenty lingerie, skincare and a fashion brand.
Hermès sees sales spike as luxury market rebounds from COVID-19
Hermès, the French fashion house and maker of the Birkin handbag, proved it could thrive during the COVID-19 pandemic, generating a whopping $2.50 billion in sales.