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Strike hits French Cognac

A cognac strike has broken out in France. Around 500 of the cognac brand Hennessy's employees went on strike this week.

Strike hits French Cognac

Luxury Family Enters Paris FC – Aims to Match PSG

Perfume, luxury goods, and big money are stepping into the football club Paris FC. It is the Arnault family, one of France's richest and owners of the luxury conglomerate LVMH, who are on their way to buying a majority stake of 52 percent in the club.

Luxury Family Enters Paris FC – Aims to Match PSG

Downward trend on the stock market – Kinnevik weighed

The Stockholm stock exchange fell slightly on Wednesday. The broad OMXS index closed 0.

Downward trend on the stock market – Kinnevik weighed

Luxury Giant Signs Giant Deal with Formula 1

The French luxury concern LVMH with brands such as Louis Vuitton, Fendi and Hennessy has entered into a ten-year sponsorship agreement with Formula 1. The agreement is estimated to be worth hundreds of millions of dollars and will come into effect next season when Formula 1 celebrates its 75th anniversary.

Luxury Giant Signs Giant Deal with Formula 1

Luxury companies are booming after China's stimulus measures

This week, China's central bank announced a range of stimuli to boost the country's economy. This has caused luxury companies to surge on the stock exchange.

Luxury companies are booming after China's stimulus measures

She is the first Swede to receive prestigious fashion prize

The Swedish fashion designer Ellen Hodakova Larsson, founder of the brand Hodakova, has won this year's LVMH prize for young talents, writes the company in a press release. LVMH owns brands such as Louis Vuitton, Fendi and Hennessy.

She is the first Swede to receive prestigious fashion prize

Chinese "Luxury Shame" Slows Down Expensive Brand Products

Despite the shaky global economic situation, the market for luxury products has so far been stable. But now the demand for expensive handbags and exclusive cognac seems to be dwindling.

Increased profit for Hermès

It's going slow for several luxury brands, but French Hermès can show an increased profit in the latest quarterly report. Sales amounted to 7.

Increased profit for Hermès

Trouble for Gucci's owner

Kering, the owner of Gucci, is plummeting by around 10 percent on the Paris stock exchange following a report. The company has thus lost nearly half of its market value in a year.

Trouble for Gucci's owner

Gloomy on the Stockholm Stock Exchange

The Stockholm stock exchange fell in line with the development around Europe. The OMXS index fell by 0.

Gloomy on the Stockholm Stock Exchange

LVMH's profit plunges by 14 percent

The French luxury giant LVMH's net profit for the first half of 2024 falls by 14 percent compared to the same period last year, shows the company's [interim report](https://www. lvmh.

LVMH's profit plunges by 14 percent