Antonio Belloni

It was another year of record growth for the luxury conglomerate, which placed big bets on the experience economy and fine jewellery. But there are challenges ahead.

LVMH managing director Antonio Belloni was fined €350,000 for divulging confidential information to a fund manager before LVMH's acquisition of Bulgari in 2011.

PARIS, France — LVMH  said watches and jewelry head Francesco Trapani would step down on March 1, becoming an advisor to group Chairman Bernard