French luxury conglomerate led by Bernard Arnault
A wave of polo shirts is shaping fashion and public life. From football managers and politicians to celebrities, the polo is crossing borders and industries. Sales and social buzz point to a sustained revival driven by preppy styling and casual formality.
A Suzhou court has ruled Molly Tea infringed Louis Vuitton’s four-petal monogram, ordering damages of 10.3 million yuan and legal costs. The decision, which centers on a jasmine-flower motif, has sparked online debate in China over intellectual property and cultural heritage. Molly Tea plans to appeal as rivals see broader implications for brand protection and cross-border IP fights.
Investors have continued to dump AI-related stocks amid rising borrowing in the AI sector. Asian markets fall as Samsung, SK Hynix and Nvidia slide; Apple overtakes Nvidia as the world’s most valuable company.
LVMH has reported a 2% organic sales rise for the first half of the year, driven by a 6% U.S. surge and strong performance in watches and jewelry, led by Tiffany and Bulgari. Europe remains flat as Middle East tensions weigh on tourism, while analysts question if the momentum signals a sustained luxury recovery.