Following Meta’s layoffs earlier this month, Arnault, the head of the luxury goods conglomerate that controls brands like Louis Vuitton, Fendi, and Sephora, likened Meta CEO Mark Zuckerberg’s move to let go of low-performing workers to layoffs at Tiffany’s.

LVMH CEO Bernard Arnault compared layoffs at Tiffany & Co. to job cuts at Meta, drawing a parallel between the two companies. Arnault revealed that he had discussed Meta’s decision to let go of low-performing employees with Mark Zuckerberg last week,

Bernard Arnault said he spoke with Mark Zuckerberg about Meta layoffs, which the LVMH boss described as workers being "promoted outwards."

Shares in LVMH fell in early Frankfurt trading on Wednesday, as sales growth posted by the luxury goods group failed to impress investors, following a string of strong results from rivals and recent price gains.

LVMH has made a good start to 2025, CEO Bernard Arnault said on Tuesday, after the luxury conglomerate posted a slight rise in fourth-quarter sales, though analysts cautioned it may still fall short of heightened market expectations after recent share gains.

The TAG Heuer Carrera Chronosprint x Porsche Rallye is a limited edition watch commemorating the introduction of the iconic Porsche 911 to the world of racing at the 1965 Monte Carlo Rally. The watch utilises a 42mm case crafted from stainless steel. That sits a hefty 14.9mm thick, which is certainly not unnoticeable.

Britain's biggest supermarket group Tesco plans to cut about 400 jobs from stores and its head office, seeking efficiency savings so it can invest in the business, it said on Wednesday.

Explore how education shaped the world's wealthiest individuals. From Jeff Bezos' engineering degree to Elon Musk's short-lived PhD pursuit, and Mark

The "Magnificent 7" are set to dominate earnings focus in the coming week, as five of these tech giants are due to report, though there are still a number of other big names releasing results. Tesla (TSLA),

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Tesla’s Elon Musk, Amazon’s Jeff Bezos, Meta’s Mark Zuckerberg and LVMH’s Bernard Arnault were all there. SoftBank billionaire Masayoshi Son was in the audience. Later in the week, Oracle’s Larry Ellison and OpenAI’s Sam Altman appeared with ...