Tag: luxury fashion industry

Luxury industry isn't looking too hot these days. The Chinese economy is slowing down, and there's a cost-of-living crisis in the West. This has all led to a big drop in sales of fancy...

Bernard Arnault, the world's richest man and chief executive of the €400bn ($425bn) luxury empire LVMH, often refers to the company as "une affaire de famille," highlighting the familial nature of the business. With...