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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 ...
In 1987, Moët Hennessy and Louis Vuitton merged to create LVMH. As a result of different visions for the future of the merged entity, Alain Chevalier and Henry Racamier, the respective leaders of the predecessor firms, started to fight. Racamier invited Bernard Arnault to invest in LVMH.
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 ...
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 ...
Bernard Arnault’s long-term, family-driven view on luxury extends to himself. On Thursday, shareholders of LVMH Moët Hennessy Louis Vuitton voted 81.6 percent in favor of a resolution to extend ...
Within five years, he had taken a stake in LVMH and become CEO of the company, born from the merger of Moët Hennessy and Louis Vuitton — brands established centuries before. Arnault made his fortune by defying conventional wisdom, building a conglomerate in a field where rarity and exclusivity are watchwords.