In the past month, the French billionaire Bernard Arnault, the CEO of luxury goods conglomerate LVMH, has climbed the ranks of the world’s richest, passing Warren Buffett to become the third wealthiest person in the world.
(Clockwise from top left) Carlos Slim, Bill Gates, Warren Buffett and Bernard Arnault Photo: AFP/Getty Images |
LVMH’s first quarter revenues, released April 10, sent the stock price up more than 3% throughout the day, helping boost Arnault’s fortune. Since the release of the Forbes Billionaires list on March 5, his fortune has climbed $11.2 billion to a recent $87.2 billion.
His net worth gains are thanks to the success of LVMH, which had year-over-year revenue growth of 16% in the first quarter of 2019, hitting $14.1 billion in sales and beating analysts’ expectations.The growth comes as high end buyers around the world continue to pick up luxury goods and spirits, despite fears that demand, particularly in China, would slow down.
“The trends observed in 2018 continued throughout the first quarter. All geographic regions are experiencing good growth,” the company said in a press release.
The company’s fashion and leather goods department, which boasts brands like Christian Dior, Louis Vuitton and Celine, propelled the growth, with organic revenue growth of 15% and $5.76 billion in sales. Louis Vuitton had a particularly good quarter, the company said. The brand’s new menswear artistic director, Virgil Abloh, has had a successful first year at the company, with his streetwear-inspired collections receiving praise and selling well—the brand even opened a new leather workshop in France to keep up with demand. The company also said Dior, whose new designer is Kim Jones, has achieved growth worldwide in fashion and leather goods, as well as in perfumes and cosmetics.
In spirits, which account for about 10% of the conglomerate’s sales, the group’s namesake Hennessy cognac saw a sales increase of 11%, with the U.S.and China fueling growth. Watches and jewelry had the lowest level of growth, with the category recording 4% organic sales growth.
As the world’s largest luxury goods company, LVMH acts as an indicator for other companies in the same league, such as Francois Pinault’s Kering, which owns Gucci and Balenciaga and Johann Rupert’s Richemont, which owns Cartier and Montblanc. Both of those stocks were also up on Wednesday.
Thank you for reaching out to us. We are happy to receive your opinion and request. If you need advert or sponsored post, We’re excited you’re considering advertising or sponsoring a post on our blog. Your support is what keeps us going. With the current trend, it’s very obvious content marketing is the way to go. Banner advertising and trying to get customers through Google Adwords may get you customers but it has been proven beyond doubt that Content Marketing has more lasting benefits.
We offer majorly two types of advertising:
1. Sponsored Posts: If you are really interested in publishing a sponsored post or a press release, video content, advertorial or any other kind of sponsored post, then you are at the right place.
WHAT KIND OF SPONSORED POSTS DO WE ACCEPT?
Generally, a sponsored post can be any of the following:
Press release
Advertorial
Video content
Article
Interview
This kind of post is usually written to promote you or your business. However, we do prefer posts that naturally flow with the site’s general content. This means we can also promote artists, songs, cosmetic products and things that you love of all products or services.
DURATION & BONUSES
Every sponsored article will remain live on the site as long as this website exists. The duration is indefinite! Again, we will share your post on our social media channels and our email subscribers too will get to read your article. You’re exposing your article to our: Twitter followers, Facebook fans and other social networks.
We will also try as much as possible to optimize your post for search engines as well.
Submission of Materials : Sponsored post should be well written in English language and all materials must be delivered via electronic medium. All sponsored posts must be delivered via electronic version, either on disk or e-mail on Microsoft Word unless otherwise noted.
PRICING
The price largely depends on if you’re writing the content or we’re to do that. But if your are writing the content, it is $60 per article.
2. Banner Advertising: We also offer banner advertising in various sizes and of course, our prices are flexible. you may choose to for the weekly rate or simply buy your desired number of impressions.
Technical Details And Pricing
Banner Size 300 X 250 pixels : Appears on the home page and below all pages on the site.
Banner Size 728 X 90 pixels: Appears on the top right Corner of the homepage and all pages on the site.
Large rectangle Banner Size (336x280) : Appears on the home page and below all pages on the site.
Small square (200x200) : Appears on the right side of the home page and all pages on the site.
Half page (300x600) : Appears on the right side of the home page and all pages on the site.
Portrait (300x1050) : Appears on the right side of the home page and all pages on the site.
Billboard (970x250) : Appears on the home page.
Submission of Materials : Banner ads can be in jpeg, jpg and gif format. All materials must be deliverd via electronic medium. All ads must be delivered via electronic version, either on disk or e-mail in the ordered pixel dimensions unless otherwise noted.
For advertising offers, send an email with your name,company, website, country and advert or sponsored post you want to appear on our website to advert @ alexa. ng
Normally, we should respond within 48 hours.