since 1974, bernard arnault changed the statutes of the company. he was due to retire next year.y have, it does appear he may have achieved the extraordinary task of raising and grooming these five children for succession when only one is likely to take over in the end with none of the animosity that you might expect, erin. >> all right, melissa, thank you. of course, we shall see. >>> coming up on "ac 360," by the way, cnn is going to go inside the movement founded by mothers who want more say on what their children are taught. are their concerns justified? that full report up at 8:00. >>> meantime, next, the supreme court with a landmark ruling against the late artist andy warhol. hey bud. wow. what's all this? hawaii was too expensive so i brought it here. yoknow with priceline you could actually take that trip for less than all this. i made a horrible stake. ♪ go to your happy price ♪ ♪ priceline ♪ a third kid. what if she likes playing golf? it's expensive. we're outlawing golf. wait. can i still play? since we work with emower, we don't have to worry about planning for a th

its profits, the stock up 50% over the past year we sat down for a rear interview with alexander arnault what did he tell you, robert >> you could call it the lvmh formula. with tiffany, it involved a flashy campaign. they got new higher priced products and they're renovate manager of its stores including the manhattan flagship store which cost hundreds of millions of dollars alexander arnault has talked about what they need. >> we want the perfect jewel box versus pressure by the street saying we have to open, we have to open, we have to open i think this store is the real definition of long-term vision. >> lvmh is also boosting its high jewelry line with jewelry pieces costing six and seven figures. you're looking at pictures of a new vip sales room where the least expensive pieces start at around $200,000. guys, the art in this store alone is probably valued at over $100 million i didn't realize the tiffany store even before this renovation was one of the top five tourist destinations in all of new york city they're hoping to make it even better now that it's reopened. >> have you bee

are true in 2019 , billionaire francois pinault made it restoration of 100 million euros bernard arnaultot's main competitor, having learned about this in a few hours, he donated twice as much. notre-dame-de-paris cathedral of bogomatia de paris female name 500 1700 you have 1.200 andrey has exactly 1.000 your namesake has thanks horror 100 or 500 500 can be seen in tropical forests belong to this kingdom of living organisms. for a long time, the place of his grave was unknown. and only in 2005 , the remains of the scientist were discovered during excavations in the cathedral of the polish frombrka. this is where his skull and bones were buried. legs. copernicus is correct. fauna 500 being caught on land, the caiman tortoise defends itself from the offender, which is how it got its second name. she bites. that's right. the second name, biting turtles under a stone, this german emperor was buried in the dutch estate of dorn, where he lived after the overthrow near the manor house , and five of his favorite dachshunds wilhelm the second is true. one of the largest primates of this island i

he is the son of betrnard arnault. two years after it acquired tiffany, the profits doubled s sales reopened after the renovation it is the most expensive store for lvmh arnault says the next decade, not the quarter, is looking out for the brands. >> we need the store the perfect jewel box over being pressured by the street or others saying we have to open. i think this store is the real definition of how long-term vision >> other parts of the strategy is lvmh moving up the value of tiffanys it has higher priced profit lines. you are looking at the vip sales room of the new york store the landmark store prices to get in the vip area start at $200,000. the products go to millions of dollars. ironically, by not focusing on the share price, the price up 28% this year. >> you say to get into the room is $200,000 at the entry level do you have to agree to buy something? >> i think you have to agree to be a serious looker at the $200,000 product. >> there are stores where they lock the doors and don't let you in unless they

it includes seven packaging factories and the richest man in the world, bernard arnault , lost more than $ 11 billion in a day. occurred against the backdrop of a fall in lvh shares, the paper sank by 5%. investors fear that a possible default in the us will lead to a decrease in demand for elvi luxury goods. amash, owns the luxury brands louis vuitton my de chandone, christians dior and others it was the news of the economy briefly. misha rosa in cellophane was selling kombucha ilya natashino sasha's pupyrochka, the former director of the sweet life, it doesn't matter to whom you transfer or pay, it is important that he was the first in russia to abolish commissions for all transfers and payments without commissions and restrictions. order a free debit alpha card, alpha bank is the best mobile bank, woke up. what are you up to on vacation? after all, on the site daily russia only excellent options for housing for recreation, which just pulls you to lather somewhere. i will find you. where to stay. new application sportmaster full of credits, bonuses and pay for purchases with them. upgr

accused of tax evasion for hundreds of millions of rubles, and the richest man in the world, bernard arnault, lost more than $11 billion in a day . investors fear that it is possible that a default in the us will lead to a decrease in demand for items. luxury. elvimash owns the luxury brands louis vuitton but also deshans. don christians dior and others this was the news of the economy briefly. meet the new card for friday life, my turn is up to thirty percent cashback. get a free card for life on vtb.ru. refrigerator not enough sunny 98.90. in the whirlwind of life, luck is more successful. their lunch fills you with hope, your break fills the worker with many tasks, and the sytin clan of meat sauce hot with meat and noodles fills the warm sunset over the roofs of the ball, the joys of life fill your crying. meet marathon of discounts on sber megamarket cashback up to 40% on the first order when buying electronics and home appliances sber megamagman only in alpha bank for a whole year without interest with a free credit card from alpha bank. order a credit card today and we will instantly d

>> reporter: alexandre arnault was born 30 years after tiffany's most famous customer walked in. >> doen't changed. >> to be fair $10 in 1961 is $101 now. do you have anything for $101? >> we don't have jewelry. perhaps perfume. >> reporter: the ceo says the building, though remodelled, remains the bedrock of the company. >> we are here at the epicenter in manhattan splitting east and west, north and south. >> reporter: it hadn't been renovated since opening in 1940. >> there was a responsibility to protect what may be identity of this landmark for 83 years. >> this is an exceptional necklace. >> reporter: victoria wirth reynolds, tiffany's chief gemologist. the famed tiffany diamond discovered in 1877 made a cameo in the 1961 film. you have had it behind layers of glass. people can look at it as if it were the monaies a? >> yes. and it's been reset for the first time in 12 years. >> reporter: the tiffany diamond is not for sale. but just about everything else is. >> this is what love is all about. this is an exceptional 10 carat flawless type 2 a diamond. a tiffany diamond as its fine

you look at the wealth of bernard arnault to appreciate what's happening. eddie is not wrong that the tailwind is can it be there for europe out of china. haven't we already priced it? alix: is it just going to be priced differently. but it's lvmh not an oil or copper company. >> china buying gucci just what we see here, china buying gucci is bigger for europe then china buying copper. exporting it back to europe and elsewhere. i think guy is right. if we pay back -- guy: i like that by the way. eddie: i think a lot of optimism is built into european stocks. if we hair back some of that wave of purchasing that we expected in china. i think europe does, we can see some pullback in european stocks. i think they're more good news stories for europe at the moment then for anyone else. it will continue to be momentum trade, of the golden child. guy: the golden child, as with all things everything is relative. what eddie is talking about is, i said this about european banks. maybe europe is the least dirty shirt in the laundry basket right now but i come back to

the fortune of bernard arnault, the world's richest man, tumbles by $11 billion. plus, u.k.th core inflation rising the fastest pace in over 30 years. the pound jumps in speculation that the boe will need to keep raising rates. let's check on the equity markets. the cell office pronounced across the benchmark, down 1.3% on the risk off moves as a result of the deadlock coming through out of washington. the concern that there are no more meetings as the clock is ticking down towards that text date of june 1 according to the u.s. treasury secretary. over at jp morgan, kolanovic to saying you want to be putting your money into cash and cutting your exposure to equities. the dax is down 211 points, the ftse 100 bleeding as well 106 points and we ways in inflation data out of the u.k. let's look at the sectors. core inflation and that shopper as markets now start to reprice a terminal rate in the boe of 5.5% on the selloff in gilt is pronounced. telecoms are the least badly performing sector. basic resources taking a hit as well. that ties into the china story. copper is off, con

almost back to taking the world's number one richest -- a little closing the gap between him and arnaultollowing that race very closely. ford shares are up, by the way, 2.3% on the news some of the analysts out early saying it's a win-win for ford and tesla. but actually, could hurt some of the ev charging stocks >> right >> that are competing with the tesla. >> it was for a long time, certainly a secondary or tertiary part of the tesla bull case, but this idea that they would become kind of an industry standard and have that ability to be a vendor to the whole industry on the charging side and just technology, even some software >> it's interesting to see the whole market the sectors are higher today consumer discretionary is leading. tesla and ford are a big part of that story the cruise lines are doing well again as well. what's weaker today are staples and utilities, which are the more defensive parts >> rate sensitive. >> have also done a little better so far this year. >> utilities have struggled recently, but yeah >> staples have been up a bunch. >> yeah. >> staples, you know, the

adding $41 billion jeff bezos adding $33 billion along with that new yacht and his new fiance bernard arnaultut $25 billion. sergei gifting $600 million of his shares probably to charity >> robert frank, okay -- well, we could talk taxes. we but thank you. >>> and when we come back, more on nvidia and the treat's biggest tech socks with mitchell green. but next, the magic number movie earsth theaters are hoping to see this summer at t-mobile, your business will save over $1000 bucks. what are you going to do with it? i could use a new sign. with t-mobile for business, save more than $1000 bucks versus verizon. and get the new samsung galaxy s23 plus free with no trade-in required. ♪ opportunity is using data to create a competitive advantage. ♪ it's raising capital to help companies change the world. ♪ opportunity is making the dream of home ownership a reality. ♪ ...and driving the world forward to a greener energy future. [applause] sometimes the only thing standing between you and opportunity is someone who can make the connection. at ice, we connect people to opportunity. >>> memorial day