Tag: Louis Vuitton

  • Elon Musk dethroned as world’s richest individual. Here’s who’s No.1 now

    Twitter’s new boss and Tesla CEO Elon Musk is not the world’s richest individual after Tesla shares fell sharply on Monday, based on Forbes.

    New Delhi,UPDATED: Dec 14, 2022 07:39 IST

    Musk has been the world’s richest individual since September 2021 after he overtook Amazon founder Jeff Bezos. (Photo: Reuters)

    By India Today Web Desk: Elon Musk, Twitter’s new boss and Tesla CEO, is not the world’s richest individual anymore, based on Forbes. The title of the richest individual on the earth is now with Louis Vuitton CEO Bernard Arnault after a decline in Tesla’s share worth.

    Arnault displaced Musk because the world’s richest individual after Tesla shares fell sharply and the LVMH inventory worth concurrently elevated on Monday, reported CNBC. According to Forbes, Arnault is price $186.2 billion.

    Also Read | Elon Musk briefly loses world’s richest individual title to Louis Vuitton CEO

    Musk has been the world’s richest individual since September 2021 after he overtook Amazon founder Jeff Bezos. Arnault made his fortune by constructing the world’s largest luxurious items firm, together with manufacturers like Louis Vuitton but additionally Tiffany, Celine and Tag Heuer.

    Tesla shares closed down about 6.3 per cent on Monday, and have greater than halved in worth this yr to some extent because of a sell-off that accelerated after Musk’s $44 billion Twitter acquisition.

    Watch | Elon Musk converts Twitter HQ into bedrooms; a glance inside his real-estate portfolio

    According to SEC filings, Arnault owns slightly over 60 per cent of LVMH’s voting share class via holding automobiles and household trusts.

    Who is Bernard Arnault?

    Bernard Arnault is a French businessman and the chairman of LVMH Moet Hennessy and the CEO of Luios vitton group. The group owns some 70 firms, together with Dom Perignon (wines), Louis Vitton, Fendi, Marc Jacobs (clothes) and Fenty Beauty by Rihanna (make-up).

    Four of his kids are working within the completely different corners of the LVMP empire. The 73-year-old was born and raised in an industrial household. He began his skilled profession as an engineer.

    In 1971, he joined his father’s building agency, Ferret-Savinel. Eight years later, he modified the corporate’s identify to Ferinel Inc. and shifted its focus to actual property. In 1979, Arnault grew to become the president of the corporate.

    Edited By:

    Manisha Pandey

    Published On:

    Dec 14, 2022

  • Elon Musk briefly loses world’s richest individual title to Louis Vuitton CEO

    Twitter and Tesla proprietor Elon Musk was briefly changed because the world’s richest individual by Louis Vuitton CEO Bernard Arnault.

    New Delhi,UPDATED: Dec 8, 2022 07:57 IST

    The major motive behind Musk’s slip within the spot was reportedly his choice to amass Twitter.

    By India Today Web Desk: Elon Musk, Twitter’s new boss and Telsa CEO, briefly misplaced his first place because the world’s richest individual to Louis Vuitton CEO Bernard Arnault, who had a internet price of 185.8 billion {dollars}, nearly 400 million {dollars} greater than Musk, in line with Forbes.

    The major motive behind Musk’s slip within the spot was reportedly his choice to amass Twitter, which required the Tesla CEO to infuse 44 billion {dollars}, leading to a dip in his wealth beneath 200 billion {dollars}.

    According to Tesla’s shareholders, Musk’s undeterred consideration to Twitter prompted Tesla’s inventory amount to maintain dwindling, with the CEO himself promoting practically 20 million shares that sum as much as round 4 billion {dollars}.

    Musk, CEO and proprietor of Tesla, Twitter, SpaceX, Neuralink and The Boring Company, contribute to his wealth. Musk regained his place later within the Frobes’ billionaire rankings, which proceed to fluctuate throughout day buying and selling hours.

    ALSO READ | After sacking many Twitter engineers, Elon Musk is now firing janitors

    Published On:

    Dec 8, 2022

  • Deepika Padukone makes fashionable pit-stop at Louis Vuitton occasion forward of Cannes. See gorgeous pics

    Before arriving in France for the upcoming Cannes Film Festival, Deepika Padukone made a stopover in California, the place she attended a Louis Vuitton occasion on Thursday. Deepika will attend Cannes as a member of the jury. The pageant runs from May 17 to May 28.

    Deepika attended the Louis Vuitton 2023 cruise present on the Salk Institute in La Jolla in San Diego County, California. Pictures of the actor posing in an outsized black jacket, the enduring LV bag, and knee-high boots, have been shared on-line.

    Deepika was introduced because the model’s House Ambassador earlier this week. “When you’re 18 and have just started earning, you don’t even bother looking into a Louis Vuitton store when you walk past it because you know you’re never going to be able to afford it,” she stated in an announcement, including, “I’m a very practical, pragmatic person in reality, but I keep having to pinch myself because I can’t believe this is real. And it speaks to the kind of diversity I hope to see in the future.” Her fellow House Ambassadors are actors Emma Stone and Zhou Dongyu.

     

     

    She will presumably jet off to France quickly. Joining her because the members of the jury are Rebecca Hall (Actor/Producer/Writer/Director, United Kingdom), Noomi Rapace (Actor, Sweden), Jasmine Trinca (Actor, Italy), Asghar Farhadi (Director/Producer/Writer, Iran), Jeff Nichols (Director/Writer, USA),
    Ladj Ly (Director/Actor/Writer/Producer, France) and Joachim Trier (Director/Writer, Norway).

    Deepika was beforehand the chairperson of the Mumbai Academy of Moving Image. She was final seen in director Shakun Batra’s home noir Gehraiyaan, which divided audiences however earned her stable opinions. She will subsequent be seen in director Siddharth Anand’s Pathaan, alongside Shah Rukh Khan and John Abraham. She may even return to Hollywood with a cross-cultural romantic comedy that she may even produce.

  • Ace designer Virgil Abloh dies of most cancers at 41

    By ANI

    WASHINGTON: After battling most cancers for a number of years, star designer Virgil Abloh handed away on the age of 41.

    Virgil, who died on Sunday, was the founding father of the style firm Off-White and menswear inventive director at Louis Vuitton.

    His demise was confirmed by his labels on social media, Variety reported.

    LVMH, Louis Vuitton and Off White are devastated to announce the passing of Virgil Abloh, on Sunday, November twenty eighth, of most cancers, which he had been battling privately for a number of years. pic.twitter.com/9JkyCcBYXm
    — Louis Vuitton (@LouisVuitton) November 28, 2021
    “We are all shocked after this terrible news. Virgil was not only a genius designer, a visionary, he was also a man with a beautiful soul and great wisdom,” LVMH CEO Bernard Arnault wrote on Instagram.

    “The LVMH family joins me in this moment of great sorrow, and we are all thinking of his loved ones after the passing of their husband, their father, their brother or their friend,” he added.

    According to the assertion, Virgil opted to maintain his most cancers non-public after being recognized in 2019, present process remedies whereas persevering with to work as one of many trend trade’s main voices. 

  • BTS Boys To Grace The Ramp For French Fashion Giant And ARMY Can’t Keep Calm: They Will End Career of All Models

    South Korea: Months after changing into the home ambassadors for international trend big Louis Vuitton, BTS boys are set for his or her ramp debut for its trend present. Also Read – BTS’ DNA Becomes Third Fastest Music Video By a Okay-pop Group To Hit 1.3 Billion Views On YouTube The trend model took to social media saying that BTS shall be making a particular look on the upcoming Louis Vuitton Men’s Fall-Winter 2021 Show which shall be held in Seoul on July 7. This is for the primary time that BTS boys will stroll on a ramp. Also Read – BTS Jin Is The Most Handsome Okay-pop Idol 2021 Followed By V And Jungkook | Full List Here We are excited to be a part of the upcoming #LouisVuitton present in Seoul!💜 this tweet to set a reminder to look at on July seventh at 7pm (KST).#BTS #방탄소년단 #LVMenFW21 pic.twitter.com/mZggkzaG0o— BTS_official (@bts_bighit) July 5, 2021Also Read – BTS Excluded From Korean Streaming Platform’s Chart Or Is It Just An ‘Error’? Soon after the announcement, ARMY members took to Twitter expressing pleasure. While a number of the followers claimed that that is the start to the tip of the mannequin’s profession, others wrote that fashions are fortunate that BTS boys opted for music. “MODEL KIM TAEHYUNG is ready to conquer the runway. Embrace yourselves! #LVMenFW21,” one of many ARMY members wrote.

    Dear @LouisVuitton,Please ship me an invitation to the #LVMenFW21 present that includes @BTS_twt@bts_bighit, I’d love to look at how superb your fashions are. I’d actually respect it.Thank you to your sort consideration, @Luciana_0613 pic.twitter.com/F0XMErA2j8— Luciana (@Luciana_0613) July 5, 2021 From world class performers to rock stars to spanking #LV fashions!😍🥳 #Bts #LVMenFW21 🎉💜 https://t.co/6XYdP4w2du— Satyalika Ghosh (@WeirdZoya) July 5, 2021 WHAT THE HELL? 🤯Models needs to be grateful BTS selected music.@LouisVuitton#LouisVuitton pic.twitter.com/hx8LLe9xCO— P_i_e (@PayalNanda12) July 5, 2021 BTS Model Era..Ohh GoshhhThey all look so superb, can’t wait !!! @LouisVuitton#방탄소년단 #LouisVuitton pic.twitter.com/MceQepTe9B— Prionty (@Pri_koo) July 5, 2021 fashions ought to thank park jimin for not being a mannequin :)) pic.twitter.com/CpiG6P6Way— arel¹⁷¹⁸ (@arelintokyo) July 5, 2021 These Okay-pop septet members have repeatedly been praised for his or her fashion statements and trend expertise. Even after the discharge of their newest single, Butter – their trend and hair color grabbed headlines the world over and was extensively cherished by the viewers.

    In April this 12 months, BTS boys have been declared as the newest home ambassadors for Louis Vuitton. This had come every week after they carried out on the Grammys in customized Louis Vuitton fits.

  • How manufacturers are utilizing AR to achieve customers in the course of the pandemic

    Italian luxurious vogue home Gucci is letting clients nearly “try on” sneakers and see how they appear earlier than shopping for the identical new Augmented actuality (AR) lens on Snapchat. If you thought the idea of “shoppable” augmented actuality shoe try-ons is simply too area of interest, you might be mistaken. In truth, main manufacturers like Audi and OnePlus, and even luxurious vogue homes and sweetness manufacturers equivalent to Louis Vuitton and L’Oréal are utilizing augmented actuality to interact customers and create distinctive and immersive digital experiences in the course of the pandemic. Experts say the worldwide pandemic has generated larger curiosity in immersive applied sciences like augmented actuality in the previous couple of months, opening a brand new channel to achieve customers by smartphones, when many desire to remain indoors and store on-line.
    “Nobody wants to step into a physical store, try on clothes which have been tried out by other people, or touch surfaces. So that’s why we have seen that the uptake for AR has increased multifold in the past year,” defined Gaurav Baid, founder and COO of Avataar.Me, a Bengaluru-based AR promoting platform.
    Consumers can attempt on Gucci sneakers with out truly placing them on their toes, because of the model’s collaboration with social media large Snapchat. (Image credit score: Snapchat)
     
    Baid, who works intently with companions like Facebook and Google, says manufacturers are conscious of how vital 3D prolonged actuality (XR) and augmented actuality (AR) is to product discovery. In truth, he stated loads of large manufacturers now have a devoted in-house AR/VR group inside the advertising and marketing unit.
    Augmented Reality (AR) is an rising know-how that mixes digital data with the true. Till now, AR has seen larger acceptance within the enterprise market, however on the patron aspect, adoption has been reasonably sluggish regardless of finest efforts from Apple and Google. Apple, as an illustration, began closely selling AR in 2017. With an iPhone, you may entry numerous augmented actuality apps for gaming and schooling, however the world is but to see a killer AR app that has mass adoption.
    But, because of the worldwide pandemic, augmented actuality is turning into a key differentiator for some manufacturers. All of a sudden, retailers and types which can be hit most by the Covid-19 and prolonged lockdowns in Europe, have discovered new use circumstances in AR.
    Leo Gebbie, a senior analyst at CCS Insight, masking wearables and prolonged actuality gadgets, explains, “AR has proven an extremely valuable technology for certain businesses as they have navigated the turbulent waters of the Covid-19 pandemic. Many companies that had been evaluating the technology for their businesses have made rapid decisions to deploy them to bridge operational challenges.”
    Audi allows you to use augmented actuality to expertise the Audi A6. (Image credit score: Audi)
    Although bodily shops have now began opening in India, customers are nonetheless hesitant to go to a few of them, like automobile dealerships. In response, German luxurious automaker Audi is utilizing augmented actuality to permit customers to expertise the Audi A6. Using a smartphone or laptop computer and an internet browser (no must obtain the app), folks can preview what the Audi A6 has to supply proper within the consolation of their houses. Brands like Audi are turning their consideration to the web-based XR expertise, which is the most straightforward and cost-effective solution to attain out to customers utilizing augmented actuality know-how.
    Farooq Adam, who co-founded Mumbai-based O2O market Fynd, sees WebAR (brief for Web-based Augmented Reality) as step one in the direction of constructing AR content material experiences, notably within the retail sector. More manufacturers are utilizing WebAR over AR for cellular advertising and marketing campaigns, and whereas some could also be stunned to listen to that, this development will probably proceed.
    “A lot of the traffic that comes to retailers today, and especially Indian retailers, is on their website. They cannot leverage any of these things [ARKit and ARCore] because they’re still stuck in the browser world. For them to fully harness app-based AR, they will have to invest in an app. But then the app growth dynamics come in, where you have to get people to install the app, which is a costly affair, so they just don’t end up doing any of that,” Adam explains.
    “I expect smartphone-based XR experiences to remain dominant in the mass market for at least the next few years, as it will still take some time before AR headsets reach the market penetration required to become a mainstream technology,” Gebbie stated.
    “AR and VR will first get mass adoption in entertainment and gaming, before we can start seeing strong use cases, the use cases being completely becoming native on devices, till then the WebAR will have to play the bridge gap,” Adam stated. He additional added that WebAR has matured over time and can proceed to take action. “Web GL features will make acceleration faster, especially when you’re entering these graphics on your face or anyone in the real world. But it doesn’t get the hardware support that you get on the ARKit and ARCore.”
    Two sectors which have proven nice curiosity in augmented actuality know-how in the course of the pandemic are luxurious vogue homes and cosmetics manufacturers. Last 12 months, Louis Vuitton teamed up with Snapchat for a novel solution to promote the model. When customers scan its monogram, they are going to be taken to a “virtual installation” that includes LV’s basic trunks and newest collections. Another high-profile luxurious model, Dior, used the WebAR expertise to show its invites for the Autumn-Winter 2020–2021 Haute Couture assortment into an immersive expertise. Meanwhile, New York-based vogue label Khaite used WebAR to preview its Spring-Summer 2021 assortment.
    “Augmented reality has been able to break and get into consumers’ lifestyles, because once you get into the lifestyle aspect and solve an actual need for them, then it becomes more widespread in terms of consumer adoption,” Baid stated.
    A brand new augmented actuality try-on mirror is what you’ll want to check out MAC Cosmetics’ lip and eye merchandise. (Image credit score: Mac Cosmetics)
    Virtual try-on experiences by Snapchat filters or WebAR are already seen as the largest use case of augmented actuality within the retail sector. A whole lot of cosmetics manufacturers and sweetness retailers, together with L’Oréal, Mac Cosmetics and Sephora, are betting on a Virtual Try-On characteristic to attraction to customers. In May final 12 months, MAC Cosmetics added an AR try-on software for its e-commerce website. With a digital try-on characteristic, you could possibly attempt Mac’s lip and eye merchandise in AR settings. French magnificence retailer Sephora can also be investing closely in augmented actuality know-how. Its cellular software has a built-in AR-enabled try-on characteristic that permits customers to attempt on make-up merchandise supplied by Sephora, earlier than buying them. L’Oréal, too, understands how important AR is to its enterprise technique. The cosmetics large is working with tech corporations like Snapchat, Google, and Pinterest to increase its digital make-up try-on capabilities.
    Luxury vogue homes and sweetness manufacturers are conscious of how client preferences have modified over the previous couple of months, and the usage of augmented actuality know-how is part of the technique to innovate in testing instances like these. “In the contactless world makeup is the first thing, which you need to see it on yourself before you buy it. And AR is the most obvious solution to do it,” Adam stated. “When we went to the market and spoke about it, the bar to sell beauty products, and especially luxury beauty products is really high. You cannot go and sell a product, which is gimmicky because it is an aspirational product,” he added.
    Adam’s Fynd is behind the GlamAR resolution which helps magnificence manufacturers and e-commerce corporations to achieve out to a broad person base by augmented actuality know-how. The thought behind GlamAR is to allow customers to nearly check out the wonder and make-up merchandise in real-time on their smartphones earlier than making a purchase order. The resolution is straightforward to embed on the web site or the app. While Adam didn’t reveal what number of manufacturers have agreed to make use of the brand new Glam AR resolution, he stated eight manufacturers are at totally different levels of piloting with the corporate. Fynd additionally has a GlamAR Mirror app, which tries to duplicate the mirror one finds within the bodily retailer. The firm doesn’t cost for the GlamAR mirror from clients. Instead, Fynd fees for the SKU.

    Then there may be additionally the query of the devoted {hardware}, together with AR glasses, and content material wanted to help AR purposes.
    “In a few years, XR may begin redrawing our understanding of how we interact with the world around us, and has the potential in the future to become just as important as the smartphone is today,” Gebbie stated. “At CCS Insight we predict that the next few years will see huge names like Apple, Samsung and Google launching XR devices, which we believe will trigger a huge wave of interest in the technology, accelerating sales at a phenomenal pace.”
    The use of immersive applied sciences like augmented actuality and digital actuality in advertising and marketing and promoting is about to develop, although each applied sciences have a special future. “When it comes to enterprise use cases VR will always outweigh AR simply becomes the fact that you want to create an environment where people can see an office at their homes,” stated Pulkit Mathur, who’s CEO and Co-founder of Gurugram-based AR/AR start-up Queppelin. Mathur believes VR will develop into extra widespread on the enterprise aspect whereas AR will get vital traction on the patron aspect. Both AR and VR, in keeping with Mathur, can coexist concurrently.
    Integrating the digital and bodily worlds, augmented actuality affords manufacturers, particularly tech corporations like Google, Facebook and Snapchat, a brand new income. Google including AR make-up try-on instruments to purchasing app, or Snapchat utilizing AR to increase into social commerce present how tech corporations wish to money in on the rise in spending in AR advertising and marketing and promoting. Does that imply the AR is the way forward for promoting?
    “With AI as a format, your return on ad spend could increase by more than 100 to 250 per cent. This is because of the organic amplification which AR brings into the picture,” stated Baid.