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Bernard Jean Étienne Arnault was born on 5 March 1949 in Roubaix. [5] [6] His mother, pianist Marie-Josèphe Savinel, daughter of Étienne Savinel, had a "fascination for Dior". [6] His father, manufacturer Jean Léon Arnault, a graduate of École Centrale Paris, owned the civil engineering company Ferret-Savinel. [6]
In January 2016, Catterton, LVMH, and Financière Agache (previously Groupe Arnault), the family holding company of Bernard Arnault, partnered to create L Catterton. [21] The partnership combined Catterton's existing North American and Latin American private equity operations with LVMH and Groupe Arnault's pre-existing European and Asian ...
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.
Aglaé Ventures, a tech-focused venture fund owned by the Arnault family office, has invested in five AI companies this year, CNBC reported, citing data from private wealth management platform Fintrx.
Bernard Arnault’s reputation as a master dealmaker predates the founding of LVMH, the luxury conglomerate he runs, in 1987. Three years before that, the French businessman bought Christian Dior ...
It's perhaps a familiar story in the adjacent luxury retail sector, with Bernard Arnault-owned conglomerate LVMH seeing spending scale back as consumers return to "normal" after the upheaval of COVID.
Bernard Arnault is the CEO of LVMH and the world's third-richest person. Chesnot/Getty Images Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans.
In 1989, the Face Place product catalog was developed. The Fords then focused on department store distribution and renamed the company Benefit Cosmetics in 1990. [5] In 1991, Benefit opened its first U.S. department store in Henri Bendel, located in New York City. In 1997, Benefit went international with its expansion into Harrods in London.