British designer Kim Jones is stepping down from his role as artistic director of womenswear and couture at Fendi, parent group LVMH announced.

These may be the most luxurious Olympics ever.

A Delaware judge has invalidated Elon Musk's $55.8 billion Tesla pay package, saying it is too big and that Musk basically set the terms with a compliant board.

The world might see its first trillionaire sooner than you think.

The anti-poverty organization Oxfam International says the world could have its first trillionaire within a decade.

The world’s biggest luxury group, LVMH Moët Hennessy Louis Vuitton, has announced a sponsorship deal with the 2024 Paris Olympics and Paralympics.

The historic courtyards of the Ecole Militaire served as the grand stage for Dior’s men’s show on Friday, a spectacle that played out under the watchful eye of the Eiffel Tower.

Billionaire entrepreneur Elon Musk, who cofounded six companies, including Tesla, SpaceX and tunneling startup Boring Company, is no longer the world’s richest person, according to Forbes.

It was as much art fair as fashion show for designer Stella McCartney, who put on an art-infused spring collection at Paris Fashion Week on Monday that vibrated with flashes of color.

Designer Virgil Abloh, a leading fashion executive hailed as the Karl Lagerfeld of his generation, has died of cancer.

LVMH CEO Bernard Arnault and Tod’s founder Diego Dalle Valle are further cementing their 20-year friendship with a deal for the French group to increase its stake in the Italian luxury goods maker.

NEW YORK – The largest deal in luxury is back on after New York's famed jeweler Tiffany agreed to a slightly reduced offering price from LVMH in Paris. LVMH will now pay $131.50 for each Tiffany share putting the total price tag at $15.8 billion, down from the $16.2 billion that was first offered earlier this year. Rumors that the two luxury companies had rekindled talks began to surface in recent days. “We are as convinced as ever of the formidable potential of the Tiffany brand and believe that LVMH is the right home for Tiffany," LVMH CEO Bernard Arnault said in a prepared statement Thursday. LVMH, led by billionaire Arnault, a consumate dealmaker, believes Tiffany will strengthen its position in high-end jewelry and in the U.S. market.

The luxury goods giant is ending its takeover deal of luxury jewelry retailer Tiffany & Co., citing in part the threat of proposed U.S. tariffs on French goods. (AP Photo/Thibault Camus, File)PARIS It's an ugly spat for such a glamorous industry: French luxury powerhouse LVMH and U.S. jeweler Tiffany & Co. are blaming each other for the collapse of what would have been the sector's biggest-ever buyout deal. Tiffany sued to enforce the deal, and on Thursday LVMH lashed back. LVMH criticized Tiffany for issuing dividends even as it was losing money, and Tiffanys performance in the first half of this year was significantly worse than that of other LVMH brands during the period. LVMH, had thought the deal would strengthen its position in high-end jewelry and in the U.S. market.

FILE -- In this Jan. 17, 2020 file photo, designer Kim Jones accepts applause after the Dior Homme Mens Fall/Winter 2020-2021 fashion collection presented in Paris. Rome fashion house Fendi announced Wednesday, Sept. 9, 2020 that Kim Jones is taking over from the late Karl Lagerfeld as creative director of haute couture, ready-to-wear and fur collections. Jones will take on the Fendi duties while staying on as artistic director of Dior Homme. (AP Photo/Francois Mori)ROME Rome fashion house Fendi announced Wednesday that Kim Jones is taking over from the late Karl Lagerfeld as creative director of haute couture, ready-to-wear and fur collections. Jones will take on the Fendi duties while staying on as artistic director of Dior Homme, another house in the Paris-based luxury goods empire of LVMH chief Bernard Arnault.

Getty ImagesNEW YORK - French luxury goods giant LVMH is eyeing a takeover of Tiffany & Co., the iconic New York jeweler known for its little blue boxes. Shares of Tiffany skyrocketed nearly 20% in premarket trading Monday, while LVMH stock was up 0.4% in Paris. "A takeover of Tiffany could make a lot of sense," analysts at Bernstein wrote in a research note. While Tiffany is one of the world's best-known luxury brands, the analysts said it still has room to grow, particularly in jewelry and watches. It would also bolster the French company's jewelry and wristwatch lineup, which include European legacy brands such as Bulgari, Hublot and TAG Heuer.

CNN Video(CNN) - Pour one out for Jeff Bezos because the Amazon founder is precariously close to losing his title of world's richest person to Bill Gates. Bezos' current wealth is $109.6 billion, according to Forbes' list of billionaires, which is higher than Gates' $106 billion. Bezos overtook Gates' title of world's richest person in 2017. As part of the settlement, MacKenzie Bezos received 25% of the couple's Amazon stock, according to an April securities filing. Amazon shares are up 17% for the year.