On Monday, LVMH became the first European company to cross $500 billion in market value
Luxury fashion house
Latest in Luxury fashion house
Bernard Arnault
Who is Bernard Arnault? The world’s richest man that dethroned Elon Musk
This is the first time Arnault topped the list of the wealthiest people
acquisitions
Estée Lauder acquires luxury fashion brand Tom Ford for $2.8 billion
Estée Lauder will fund the transaction through a combination of cash, debt and $300 million in deferred payments to sellers that become due beginning in July 2025