Luxury
French Billionaires Take Biggest Hit Ever on Luxury Goods Slump LVMH, L’Oreal and Kering titans lose a combined $70 billion
For France’s biggest billionaires, 2024 was a year to forget as their combined fortunes slumped by a record amount on weak luxury-good demand and political instability. Bernard Arnault, Françoise Bettencourt Meyers and François Pinault, among the world’s richest, saw about $70 billion erased from their collective wealth this year, according…
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Click here to read the full story: Bloomberg