The combination of stability and reliability that blue-chip stocks offer makes them one of the best ways to play in the current environment. With uncertainty over the economy still ruling the market, choosing blue-chip stocks to buy makes sense. They are successful, profitable companies with a long history of growth through all business cycles. Even during corrections and market crashes, they tend to perform well. Also, when their stocks are down, their dividend payments juice returns that allow
The Arnaults' clout in the luxury world has conjured "Succession" parallels over who might take over. But Bernard Arnault doesn't plan to retire just yet.
LVMH, the world's largest luxury group, has acquired Switzerland-based speciality clock maker L'Epee 1839, boosting its expertise in high-end watch making, the company said on Tuesday. The acquisition comes as luxury groups seek to cater to shoppers at the very high end of the market as the rising cost of living dampens demand for luxury goods. LVMH's watches division is headed by Frederic Arnault, one of the five children of LVMH chairman and CEO Bernard Arnault, who was promoted to the position in January.