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Bernard Arnault, CEO of luxury ... The 75-year-old CEO often begins his days with classical music and spends Saturday mornings in his own stores, from Louis Vuitton to Dior—as many as 25 a day ...
The fault became too large to ignore when Arnault had a differing strategic vision from Henry Racamier, Louis Vuitton's president. [ 15 ] In January 1989, he spent another $500 million to gain control of a total of 43.5% of LVMH's shares and 35% of its voting rights, thus reaching the "blocking minority" that he needed to stop the dismantlement ...
Bernard Arnault is Chairman and CEO of LVMH and Chairman of Christian Dior SE. In 2017, Arnault purchased all the remaining Christian Dior shares in a reported $13.1 billion buyout. [63] At the end of 2017, the only declared major shareholder in LVMH was the Arnault Family Group, the holding company of Bernard Arnault.
“Everybody thought it's completely crazy to sell Apple products in a shop,” Bernard Arnault said in 2016. ... more Louis Vuitton. ... having top-quality $3,000 handbags and $10,000 watches ...
For decades, France’s LVMH has been the face of luxury for the wealthy who tote Louis Vuitton bags, don Christian Dior clothing, spritz Bulgari perfume and sip Veuve Clicquot Champagne. This ...
Arnault owns about 48% of the luxury conglomerate, which houses around 75 brands, including Tiffany & Co., Louis Vuitton, Dom Perignon, and Sephora. LVMH shares have been hit by the company's ...