LVMH is poised to lose its crown as France’s most valuable company and drop out of Europe’s top 10 listed firms, a symbolic reversal for the luxury giant. The conglomerate controlled by billionaire Bernard Arnault has seen its shares plunge about 37% this year alone. Read more: 📷️: Adek Berry/AFP/Getty Images

LVMH founder Bernard Arnault fell out of the top 10 list of the world’s biggest fortunes, leaving an all-American roster of mostly tech billionaires to dominate the rankings. Read more: 📷: Nathan Laine/Bloomberg

Lvova-Belova claims there were attempts to kidnap her to force testimony against Putin The alleged war criminal made the claim herself. According to Lvova-Belova, after the ICC issued a warrant for her arrest, unknown individuals supposedly tried several times to organize her abduction in different regions of Russia. She was later given personal security. “They need me alive. The idea is to capture me so I testify against the president. They don’t have any evidence,” Lvova-Belova said. It remains unclear who allegedly planned to kidnap her. In March 2023, the International Criminal Court issued arrest warrants for Lvova-Belova and Putin. They are suspected of the war crime of unlawfully deporting and transferring Ukrainian children from occupied territories to Russia.

LVMH agrees to sell Marc Jacobs to a joint venture between WHP Global and G-III Apparel Group, which plan to raise up to $850 million to fund the acquisition