Bernard Arnault’s latest shopping- a Paris mansion not a French brand

Luxury behemoth LVMH, where Arnault is chairman, CEO and controlling shareholder, acquired the Hotel Soltykoff at 10 rue Volney, located in the 2nd arrondissement between the Opera and Place Vendôme, the world’s most important high-end jewelry shopping district. According to sources, LVMH paid €30,000 per square metre for the 1,800-square-metre mid-19th century building, valuing it at €…

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Target launches paid membership program as it chases new revenue streams

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A Target store in New York, US, on Monday, March 4, 2024. Shelby Knowles | Bloomberg | Getty Images

Target on Tuesday said it will launch a paid membership program next month, riffing off the playbook of its rivals Amazon and Walmart.

The subs…

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