Heard on the Street: U.S. shoppers spent much less on designer goods in the second quarter. Was the gold rush the industry experienced during the pandemic a fad?
Bernard Arnault, head of luxury-goods conglomerate LVMH, has a net worth larger than that of Elon Musk and Jeff Bezos. WSJ’s Nick Kostov explains how the French business magnate amassed his fortune and how he plans to keep that wealth under family control. Photo: Nicholas Kamm/Agence France-Presse/Getty Images
America can sometimes seem like an emerging market for Europe’s big luxury companies: It has booms, busts and vast potential that hasn’t been fully realized.Continue reading your article with
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