{"id":78598,"date":"2022-02-11T12:10:38","date_gmt":"2022-02-11T11:10:38","guid":{"rendered":"https:\/\/test2023.luxus-plus.com\/?p=78598"},"modified":"2022-02-11T13:10:27","modified_gmt":"2022-02-11T12:10:27","slug":"bernard-arnault-loses-5-billion-as-lvmh-share-price-falls","status":"publish","type":"post","link":"https:\/\/luxus-plus.com\/en\/bernard-arnault-loses-5-billion-as-lvmh-share-price-falls\/","title":{"rendered":"Bernard Arnault loses $5 billion as LVMH share price falls"},"content":{"rendered":"<h4>This morning the LVMH share price was at 693.300 euros, down 1.81%, affecting its CEO, Bernard Arnault.<\/h4>\n<p><!--more--><\/p>\n<p>&nbsp;<\/p>\n<p><strong>Bernard Arnault<\/strong>, Europe&#8217;s richest man, saw his net worth drop by <strong>$5 billion<\/strong> as investors reduced their holdings in <strong>LVMH stock.<\/strong><\/p>\n<p>&nbsp;<\/p>\n<p>At the end of its 2021 fiscal year, the luxury group had <strong>recorded sales to the tune of 64.2 billion euros, up +44% from a 2020<\/strong> year marked by the Covid-19 crisis and +20% from 2019.<\/p>\n<p>&nbsp;<\/p>\n<p>However, on January 5, <strong>LVMH shares had reached an all-time high of \u20ac758.50<\/strong>, but have since fallen by around 6%.<\/p>\n<p>&nbsp;<\/p>\n<p>At the same time,<strong> Louis Vuitton<\/strong>, has suffered a wind of protest this Thursday, February 10 in 5 of the 18 factories of the brand in France. Employees stopped work during the changeover between the morning and evening shifts. They denounce their working hours and their wages. <strong>The CFDT union<\/strong> says it is opposed to the &#8220;<em>annualization of working hours<\/em>&#8221; that management &#8220;wants to impose&#8221; and which would lead &#8220;in particular to the payment of overtime at the end of the year&#8221;. In addition, the elected representatives are &#8220;demanding a salary increase&#8221;, recalling that &#8220;<em>the rate of pay for overtime has been reduced by a few years<\/em>&#8220;. recalling that &#8220;<em>the hourly rate for a Louis Vuitton employee with fifteen years of seniority<\/em>&#8221; is &#8220;<em>14 euros<\/em>&#8220;.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>Read also &gt;\u00a0<a href=\"https:\/\/luxus-plus.com\/en\/lvmh-reports-record-sales-for-2021\/\">LVMH REPORTS RECORD SALES FOR 2021<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>Featured photo : \u00a9 DR<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This morning the LVMH share price was at 693.300 euros, down 1.81%, affecting its CEO, Bernard Arnault.<\/p>\n","protected":false},"author":380,"featured_media":78629,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"%%post_title%% %%sep%% %%sitetitle%%","_seopress_titles_desc":"This morning the LVMH share price was at 693.300 euros, down 1.81%, affecting its CEO, Bernard Arnault.","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"none","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":301,"_seopress_analysis_target_kw":"LVMH,Bernard Arnault,LVMH stock,stock market,strike,fortune","footnotes":""},"categories":[24],"tags":[22419],"class_list":["post-78598","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-news-en"],"_links":{"self":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/78598","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/users\/380"}],"replies":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/comments?post=78598"}],"version-history":[{"count":0,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/posts\/78598\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media\/78629"}],"wp:attachment":[{"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/media?parent=78598"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/categories?post=78598"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/luxus-plus.com\/en\/wp-json\/wp\/v2\/tags?post=78598"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}