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Alexandre is the EVP of Tiffany & Co., Frédéric is the CEO of LVMH Watches, [55] and Jean is the Director of Watchmaking Marketing and Development at Louis Vuitton. [56] Since 2010, Arnault's daughter Delphine has been with Xavier Niel , a French billionaire businessman active in the telecommunications and technology industry.
He pushed Louis Vuitton’s president from his family company, ... Today, LVMH has a market cap of €319 billion ($336 billion), houses 75 Maisons, and has made Arnault Europe’s wealthiest ...
In 2022, Louis Vuitton announced a €1 million donation to UNICEF to help the Ukrainian victims of the Russian invasion. [107] On 2 March 2022, LVMH Group pledged €5 million to the Red Cross to those affected by the war. [108] [109] In addition, the company closed 124 of its stores in Russia. [110]
The luxury goods conglomerate owns Louis Vuitton, Christian Dior, Givenchy, Marc Jacobs, and more. In January 2021, LVMH acquired jewelry company Tiffany & Co. for $15.8 billion.
LVMH is the family’s best-known business, and its sprawling luxury fashion empire owns Louis Vuitton, Christian Dior, Tag Heuer, and more. But the Arnaults’ reach goes well beyond top-end brands.
In May 2017, media reported on alleged mistreatment of Louis Vuitton exclusive model Ulrikke Høyer who was to appear on a Louis Vuitton cruise show in Kyoto. The 20-year-old model, who, on arrival, measured 91.5 cm (36 in) around her hips, was told she was "too bloated" and "too big" for her ensemble and instructed to drink only water for 24 ...
Arnault was born in Neuilly-sur-Seine, France, the second son of Bernard Arnault and his second wife, French-Canadian pianist Hélène Mercier (b. 1959). [3] His older brother is Alexandre Arnault (b. 1992), the president of Tiffany & Co. in New York City, and his younger brother Jean Arnault (b. 1998) works in the watch division of Louis Vuitton.
LVMH stock has risen by more than 1,000% since 2009. Who has gotten rich besides the company's founder?