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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.
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 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]
Arnault set his eyes on Hermès early on, quietly upping his stake in the company to 17% in 2010. The founding family saw this as an “ attack ” and came together to protect their control over ...
The billion-dollar Rodeo Drive project backed by French multibillionaire Bernard Arnault had been approved by ... (Mel Melcon / Los Angeles Times) ... LVMH dictated that the company contribute $26 ...
Under CEO Bernard Arnault’s eldest son, Antoine Arnault, and LVMH’s North America head, Anish Melwani, the new platform will aim to market and place the French fashion group’s products in ...
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.
LVMH’s Bernard Arnault got a letter from 93-year-old Warren Buffett saying he was making a mistake by upping his retirement age to only 80 Prarthana Prakash Updated November 26, 2024 at 10:48 AM