LVMH

Amazon founder Jeff Bezos has sold off about $2 billion in shares of the online distribution giant, according to recent stock market filings.

Bezos sold on Wednesday and Thursday some 12 million Amazon shares, at between $168-171 per share, according to documents sent to stock market regulatory authorities Friday.

Dior put on an austere sci-fi spectacle at Paris Fashion Week on June 23 that wowed the audience with models rising unexpectedly out of hidden trapdoors.

Despite the impressive gimmick, Dior's creative director Kim Jones told AFP the stark, metallic set design was aimed at putting the focus on the outfits --not always the case in the publicity-hungry world of high fashion.

New Yorkers and tourists will once again stroll between the rings and diamonds of jeweler Tiffany & Co. on Fifth Avenue, which officially reopened for business on April 26 after extensive renovations under new owners, French luxury giant LVMH.

Italian sports car maker Lamborghini has already pre-sold the entire production run to early 2024, its boss has said, with luxury goods seemingly unaffected by global economic uncertainty.     

The Volkswagen subsidiary is enjoying "high demand" and has an order book covering the next 18 months, CEO Stephan Winkelmann said.    

Streetwear pioneer Nigo was named Wednesday as the new artistic director of Kenzo, luxury group LVMH announced on Sept. 15.

Known for his celebrity collaborations, Nigo takes over from Portuguese designer Felipe Oliveira Baptista, who quit the post in June after just two years.

Kenzo was founded in 1970 by Japan's Kenzo Takada, who died from COVID-19 complications in October.

London-based Albanian fashion designer Nensi Dojaka won one of the most prestigious prizes in the fashion industry, the 2021 LVMH prize for emerging talent in fashion design, at a glittering awards ceremony in Paris.

French couture house Givenchy, owned by luxury goods giant LVMH (LVMH.PA) and known for once dressing Hollywood stars such as Audrey Hepburn, said on June 15 it had named Matthew Williams as its new creative director.

Singer Rihanna has stormed into the Sunday Times Rich List of musicians at number three, with an estimated wealth of 468 million pounds ($576 million), thanks partly to the success of her fashion and cosmetics brands with Louis Vuitton-owner LVMH. 

Rihanna is the richest lady in the music world. The prestigious Forbes Magazine set up the women who made a fortune.

The wealth of the 31-year-old singer is estimated at $ 600 million. She is followed by Madonna, which has $ 570 million in her bills, and Celine Dion - with 450 million.

L'Oreal said on Thursday it would appeal a 2.6 million euro ($3 million) fine imposed by Greece's competition authority, which ruled that the French cosmetics company and several of its rivals were fixing prices.