Luxury’s Fall from Grace: French Billionaires Lose $70 Billion in 2024

The glittering world of French luxury faced a harsh reality check in 2024. Three of the industry’s titans – Bernard Arnault, Françoise Bettencourt Meyers, and François Pinault – saw their combined fortunes plummet by $70 billion. This staggering loss, equivalent to the GDP of some small countries, marks a turning point for an industry long […]