LVMH CEO Bernard Arnault’s family office invests in AI startups

World's top luxury group LVMH head Bernard Arnault presents the group's annual results 2022 in Paris on January 26, 2023.Stefano Rellandini | AFP | Getty ImagesA version of this article first appeared in CNBC's Inside Wealth newsletter with Robert Frank, a weekly guide to the high-net-worth investor and consumer. Sign...

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Estee Lauder sees bleak 2025 results; CEO Fabrizio Freda to retire

Fabrizio Freda, President and CEO of Estee Lauder.Getty ImagesMAC lipstick maker Estee Lauder forecast 2025 profit and sales below estimates as the global beauty market struggles with slowing demand, and said long-time CEO Fabrizio Freda was retiring, sending its shares down 10% in premarket trading.The company said sales in...

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