[69] Forbes estimates the Bernard Arnault & Family fortune to be $158 billion in 2022, positioning him ahead of Bill Gates.[69]. The exclusivity of a luxury brand is so central to his strategy that canceling licensing deals that he sees as damaging to the brand has been part of his playbook since he took over Dior. We created Aglae Ventures as a globalinvestment platform to fund andsupport passionate entrepreneurs whoare committed to buildingtransformational products and servicesusing the power of technology. We invest on the basis of data and historical traction. LinkedIn sets this cookie to remember a user's language setting. Arnault had initially invested in LVMH at the invitation of the CEO of Louis Vuitton, Henry Racamier, who wanted his backing to consolidate his position against Alain Chevalier, the CEO of the much larger Mot Hennessy. [20] Five more brands were also integrated into the group: Thomas Pink in 1999, Emilio Pucci in 2000 and Fendi, DKNY and La Samaritaine in 2001. Once in the door at LVMH, he used the constant feuding between the two CEOs to secure a controlling interest and then ousted the two warring CEOs. 6. [80], 19871989: Co-founding and acquisition of LVMH, 19892001: LVMH Initial expansion and growth, 2001present: Increasing success and profitability, "Bernard Arnault: Chairman and Chief Executive Officer", "Bernard Arnault: France's 'wolf-in-cashmere' billionaire", "Roubaix Quand Bernard Arnault tait lycen Van-Der-Meersch", "Bernard Arnault, chairman, LVMH Mot Hennessy Louis Vuitton", "Tiffany Deal Is a Signature Move by the Sun Tzu of Luxury", Pivotal Figure Emerges In Moet-Vuitton Feud, "Alain Chevalier, co-founder of LVMH, dies aged 87", "Bernard Arnault, a French billionaire businessman and art collector", Intimacy Proves Too Much for Guinness, LVMH, Arnault expands perfume empire: LVMH buys controlling stake in Guerlain, Lvmh: Life Isn't All Champagne And Caviar, "Bernard Arnault: Man Behind the Steely Mask]", "Designing The Nouveau Building On the Block", "LVMH buys 50% share in Chateau Cheval Blanc", NETFLIX.com Secures $30 Million Investment from Group Arnault, Bernard Arnault plots new course for Princess Yachts, "Board of Advisors 1Malaysia Development Berhad", "Goldman Sachs, a Nama letter and the links to a $6bn fraud probe", "LVMH Plans to Buy Bulgari for $5.2 Billion After Acquiring Majority Stake", "LVMH bags jeweller Bulgari in $5.2billion deal", "LVHM investing in Chinese mid-priced clothing market", "LVMH invests in Italian brand Marco de Vincenzo", "G-III to acquire Donna Karan International from LVMH", "LVMH Takes Control of Christian Dior in $13 Billion Deal", "Luxury Group LVMH Cautious for 2018 Despite Record Profits", "LVMH Acquires Tiffany & Co. For $16.2 Billion", "LVMH Says Tiffany's Handling of Pandemic invalidates deal", "Grandmaster Bernard Arnault looks to the Tiffany endgame", "Billionaire Arnault On The Offensive After Tiffany Pays Out $140 Million Pandemic Dividends Despite $32 Million In Losses", "LVMH files countersuit against Tiffany over US$14.5B deal", "LVMH agrees to buy Tiffany for lower price", "More carats and sparkle: How LVMH plans to change Tiffany", "Tiffany Agrees To Accept Lower Price For Acquisition By LVMH", "LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (LVMUY: OTCMKTS) Stock Price & News - Google Finance", In Luxury, Bernard Arnault Alone Makes the Most Powerful List, LVMH creates $400K design prize to cultivate young talent, Vuitton plans a Gehry-Designed Arts Center in Paris, Frank Gehry 'Iceberg' art gallery to open in Paris, "LVMH brought in a record-breaking $59 billion in revenue in 2019. The investment arm of family-controlled LVMH and Groupe Arnault has purchased a stake in Trendy International Group, as it looks to increase its exposure to China. The real fund results show that this VC is 10 percentage points less often commits exit comparing to other companies. Their most recent investment was on Oct 20, 2021, when Open raised $9M. [4], Bernard Jean tienne Arnault was born on 5 March 1949 in Roubaix. Because his model requires that the counterbalance to creativity must be commerce, Arnault never hesitated to reign in, or outright terminate, creative executives who did not produce. Since the early days at Dior, he has often replaced creative executives with non-traditional talent and then shuffled them across his brands to help him identify opportunities to drive profitno matter how unpopular. In the 1990s, as he went on a shopping spree to acquire brands across the luxury spectrumfrom fashion, watches (TAG Heuer), and cosmetics (Sephora) to wine and spiritshe also expanded LVMHs presence beyond Europe and North America to Asia, South America, and Australia. LVMH Becomes the New Luxury Goods Colossus Following the Full Acquisition of Christian Dior.. These cookies will be stored in your browser only with your consent. This compensation may impact how and where listings appear. PitchBooks data visualizations quickly surface an investors historical investmentsshowing a breakdown of activity by industry, year and region. According to Insider, in January 2019, Bernard Arnault worked hard and made $4.3 billion (Rs 35,439 crore) in a single day after LVMH shares surged 6.9 per cent. Goldman Sachs Group Inc. set out to reset the narrative and breathe new life into its stock. While commenting, you are under the rule of our websites terms of use and privacypolicy. [33] In 2011, Arnault invested $641 million in establishing LCapitalAsia. We do not intend to delete any comments on the website unless within our noticeand take down procedure. [46], Under Arnault's leadership, LVMH has grown to become the largest company by market capitalization in the eurozone,[47] with a record of 313 billion euros ($382 billion) as of May 2021. Since January 2021, he has also been Chairman of Tiffany Board of Directors. [75] Arnault also stated several employees requested to leave France for tax purposes but he declined their requests, explaining "the 75% tax would not raise a lot of revenue but should prove less divisive, as now it was set to be levied on firms rather than people, and only due to stay in place for two years. The new partnership will combine Catterton's existing North American and . To his critics, Arnault said that talent has no nationality., To protect the brand image of quality and exclusivity over quantity and accessibilityanother element that Arnault considered essential to the Dior cachethe worked with his new team to cut the number of Dior licensees and franchised boutiques by half: from 280 in 1989 to less than 150 by 1992.. You can learn more about the standards we follow in producing accurate, unbiased content in our. [citation needed], After Arnault bought Boussac, he laid off 9,000 workers in two years, after which he acquired the nickname "The Terminator". Groupe Arnault SAS is a principal investment firm. The Perfect Paradox of Star Brands: An Interview with Bernard Arnault of LVMH., Google Books. Even a newly acquired asset, Tiffany, had remarkable performance despite the flagship store on Fifth Avenue in New York City being closed for renovation. Save this fund for later to form your own custom list of funds, This summary is composed by our algorithm based on the analysis of the deals. Angel, Fund of Funds, Venture Capital). has announced a plan to repurchase about 1.5 billion of its shares. These cookies do not store any personal information. ", The New York Times. Bernard Arnault's wealth is around $203 billion. A trillionaire is an individual with a net worth of more than one trillion in U.S. dollars or another similarly valued currency. [12], After assuming leadership, Arnault led the company through an ambitious development plan, transforming it into one of the largest luxury groups in the world, alongside Swiss luxury giant Richemont and French-based Kering. Agache (former Groupe Arnault), including its 100%-owned subsidiary Financire Agache, forms the principal investment vehicle of Bernard Arnault, the controlling shareholder of LVMH, global leader in high quality products. Groupe Arnault has had 18 exits. Antoine is the CEO of Berluti, as well as Chairman of Loro Piana and head of image and communications at LVMH. Facebook sets this cookie to show relevant advertisements to users by tracking user behaviour across the web, on sites that have Facebook pixel or Facebook social plugin. These cookies help provide information on metrics the number of visitors, bounce rate, traffic source, etc. In 2020, a New York Times article about the Tiffany acquisitionand Arnaults legendary ability to come out ahead in every dealquoted a luxury executive, who said, His approach is not unusual in the M&A gameits just unusual in this industry. We are a dedicated team of experienced investors and entrepreneurs. [61] In 2016, Arnault was paid 7.8 million as the CEO of the LVMH group. He is the founder, chairman, and chief executive officer of LVMH Mot Hennessy Louis Vuitton, the world's largest luxury goods company. LVMH has entrusted an investment . To his critics, he is the wolf in cashmere.. This cookie is installed by Google Analytics. YouTube sets this cookie via embedded youtube-videos and registers anonymous statistical data. This website uses cookies to improve your experience while you navigate through the website. the company combines the power of a large corporate group with the flexibility of a start-up. Groupe Arnault Paris . the consulting group, and KKR, the investment firm . These cookies do not store any personal information. The most-recent round of funding was led by Israeli-based Pitango Growth, and joined by Capital One Growth Ventures, Groupe Arnault, the controlling shareholder of LVMH, and C4 Ventures. He also serves as Executive at Agla Ventures. https://www.lvmh.com/group/about-lvmh/governance/executive-committee/michael-burke/. Arnault cares little about quarterly financials or short-term profits. In 2013, it was disclosed that Arnault planned to apply for Belgian citizenship and was considering moving to Belgium. Throughout Arnaults 30-year tenure, LVMH's performance has been remarkably resilient through major market downturns. L Catterton is a U.S.-headquartered private equity firm. The firm seeks to hold stake in companies and is owned and controlled by Mr. Bernard Arnault. Despite the Groupe Arnault, startups are often financed by Accel, Social Capital, TA Ventures. Angel, Fund of Funds, Venture Capital), This describes the stage of investments made by this organization (e.g. [52][53], From 1999 to 2003, he owned Phillips de Pury & Company, an art auction house, and bought out the first French auctioneer, Tajan. [48] Arnault has promoted decisions towards decentralizing the group's brands as a business strategy. Arnault has his hands in a lot of different things besides LVMH. Klara is an end-to-end virtual care platform that helps healthcare providers stay connected with their patients. On the creative end, as Arnault built LVMH into a luxury empire, he has proven himself an expert at hiring design talent for star brands that speak to the ages but feel intensely modern. However, because his model requires that the counterbalance to creativity must be commerce, he never hesitated to reign in, or outright terminate, creative executives who did not produce. Which industries has this organization most actively invested in? 2023 PitchBook. LVMH Surges as Shoppers Snapping Up Couture Lift Sales to Record., France24. [79] Brigitte Macron was the French teacher of Arnault's sons Frdric and Jean when they were students at the Lyce Saint-Louis-de-Gonzague. Diversity Spotlight (US Headquarters Only): Types of diversity represented in an organization, specifically of those who are founding members, currently the CEO, or have check-writing abilities in an investment firm. L Catterton is the culmination of a professional relationship that dates. LVMH had been created on the premise that the conglomerate would be too large for a single hostile raider. I withdraw my request for Belgian nationality. Arnault had unseated Musk last year as Tesla shares fell in December. Arnault and Mercier live in Paris. This cookie is set by Facebook to display advertisements when either on Facebook or on a digital platform powered by Facebook advertising, after visiting the website. By 1984, he had ambitions far beyond constructionand he began to make a series of bold and ruthless moves to take over an enterprise that he could scale at the global level. You also have the option to opt-out of these cookies. The fight dragged on until settlement in September 2001. An industry insider explained Arnaults tactics as an approach that is "not unusual in the M&A gameits just unusual in this industryhe acquires brands the Wall Street way.". The history of LVHM: a series of acquisitions It all started in 1984, when a then 35-year-old Bernard Arnault noticed that the luxury company Christian Dior was for sale. We are a technology focused investment firm backed by Agache (former Groupe Arnault) VIEW MORE + 01. Between 1998 and 2001, he invested money into a number of web companies through his holding company, Europatweb. The court ordered the sale of the Boussac Group (which held the profitable Dior business) to another holding company, Agache Willet, Inc. . [13], Arnault's collection includes work by Picasso, Yves Klein, Henry Moore, and Andy Warhol. Following the acquisition of a textile company and relocation of its headquarters, the company renamed the real estate branch to the George V Group. 28.02.2023 The 2019 Financial Times article also cited "first-mover advantage" as a driver of Arnaults remarkable track record, notably in China, where (he) is given a head of states welcome when he visits. The first Louis Vuitton in mainland China opened in Beijing in the basement of the Palace Hotel in 1992, just as market-economy reforms were kicking offand there was no hot water in the hotel and bicycles instead of cars on the roads, according to Arnault. This is a profile preview from the PitchBook Platform. Alexandre Arnault | Photo: Heiko Richard for BoF By Imran Amed 24 September 2017 BoF PROFESSIONAL As he navigated the competitive U.S. market, he developed ambitions far beyond construction and real estateand he began looking for an enterprise he could scale, ideally a business with French roots and international reach., When Arnault returned to France in 1984, he took the first steps in his legendary rise to control of the world's largest luxury group. To his admirers, he was a visionary entrepreneur invigorating French business. Dedicated to the creation and contemporary art, the building was designed by the architect Frank Gehry. GROUPE ARNAULT | 66 followers on LinkedIn. Discover Discover Portfolio. Katrina vila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. OUR TEAM. This category only includes cookies that ensures basic functionalities and security features of the website. Description Mr. Bernard Arnault serves as Chief Executive Officer, Chairman of the Board of Directors & Member of the Executive Committee at LVMH Mot Hennessy Louis Vuitton. Groupe Arnault is the famous VC, which was founded in 1978. [1][2] He is the founder, chairman, and chief executive officer of LVMH Mot Hennessy Louis Vuitton, the world's largest luxury goods company. A tontine is a kind of capital investment plan that began in the 17th century in Italy and peaked in the early 1900s in Europe and the U.S. Ortega, the wealthiest person in Spain, is Founding Chair of retail giant Inditex, the parent company of Zara, the worlds largest fashion retailer. Until 2017, he had controlled Christian Dior Couture through a complex web of ownership that involved the Arnault family owning 74.1% of the fashion house, with Arnault as the controlling shareholder and LVMHs other shareholders with no direct exposure to Diors rapid growth. He returned the group to profitability as he embarked upon a strategy of developing the world's leading luxury products company. Arnault was educated at the Lyce Maxence Van Der Meersch in Roubaix, and the Lyce Faidherbe in Lille. Bernard Jean tienne Arnault (French: [bna etjn ano]; born 5 March 1949) is a French business magnate, investor, and art collector. Author of the article: Article content SINGAPORE A special purpose acquisition company (SPAC), backed by European asset manager Tikehau Capital and a holding firm of LVMH Chairman Bernard Arnault, became the second SPAC to list in Singapore on Friday as Asia investors warm to blank check firms. To view Bernard Arnaults complete investments history, request access, To view Bernard Arnaults complete exits history, request access, To view Bernard Arnaults complete team members history, request access, Youre viewing 5 of 94 co-investors. Indeed Arnault is the CEO and chairman of the luxury goods conglomerate LVMH Mot Hennessy Louis Vuitton, a massive luxury group that generated over 79 billion in revenue ($83 billion) in 2022, spanning across wines, fashion, cosmetics, and retail. Arnault Family to Take Full Control of Christian Dior in $13 Billion Deal., Harvard Business Review. Existing . Arnaud often cites an early visit to the U.S. as the first time he understood the true power of a luxury brand. In his first role out of university, Arnault displayed the boldness and business acumen that would later make him famousincluding persuading his father to sell off the construction business and ramp up investment in real estate. Bernard Arnault's and Arnaud Lagardere's financial companies issued a joint statement on Wednesday to say Arnault's investment unit Financiere Agache would hold around 27% of Lagardere Capital . If you're Bernard Arnault, head of "trs luxe" company LVMH Mot Hennessy Louis Vuitton and France's wealthiest man, you get yourself some good bubbly! Bernard Arnault: Frances Wolf-in-Cashmere Billionaire., Reference for Business. [9] On 13 January 1989, he was unanimously elected chairman of the executive management board. digitGaps is presenting this report to you to understand company's key strengths, weaknesses, potential opportunities, and threats. 04. As he had done at Dior, he canceled licensing deals that he saw as damaging the branda strategy that became part of the Arnault playbook on dozens of luxury acquisitions over the next 30 years. 08/11/2022. 2. Bernard Arnault Chairman and Chief Executive Officer Antonio Belloni Group Managing Director Delphine Arnault CHRISTIAN DIOR COUTURE Nicolas Bazire Development and acquisitions Pietro Beccari Louis Vuitton Stphane Bianchi WATCHES & JEWELRY Chantal Gaemperle Human Resources and Synergies Jean-Jacques Guiony Finance Chris de Lapuente Alexandre Arnault, LVMH's Digital Scion How the 25-year-old third child of the mastermind behind the $130 billion luxury goods empire joined the family business, became co-CEO of Rimowa and emerged as LVMH's secret digital weapon. The fault became too large to ignore when Arnault had a differing strategic vision from Henry Racamier, Louis Vuitton's president. 5. Bloomberg Billionaires Index (Elon Musk) 1 . Arnaults next move was a power play that made him infamous throughout Europe. These cookies track visitors across websites and collect information to provide customized ads. Luxury Giant LVMH to Buy Tiffany for $16.2 Billion., The New York Times. Trillionaire Definition: How Much Money Is That and Who Will Be First? [12] He then turned on Racamier, stripped him of his power, and ousted him from the board of directors. The venture was found in Europe in France. Meet CEO Bernard Arnault, the world's 3rd-richest person, who's built a $98 billion fortune as head of the luxury giant", "Another Arnault Steps Into the Spotlight", "Bernard Arnault's Youngest Son Is Working at Louis Vuitton", "LVMH's CEO Bernard Arnault Is Now the Richest Person in Fashion", - Bernard Arnault - rmunration des patrons du CAC40 en 2016, "France's Bernard Arnault Is Now World's Second-Richest Person", "French Billionaire Bernard Arnault Was (Briefly) The World's Richest Person Today", "Jeff Bezos Is No Longer The Richest Person In The World (Again)", "Luxury Billionaire Plots Rebound After Taking Biggest Virus Hit", "Luxury magnate Bernard Arnault knocks off Elon Musk on world billionaire ranking", "Jeff Bezos Is No Longer the World's Richest Man", "Forbes Billionaires 2022: The Richest People In The World", "Bernard Arnault: "Je retire ma demande de nationalit belge", "LVMH's Arnault Withdraws Belgian Citizenship Bid", "Bernard Arnault Withdraws Belgian Citizenship Bid", "The world's 2nd-richest man, Louis Vuitton's CEO, sold his private jet after people started tracking it on Twitter: 'No one can see where I go', "Billionaire Louis Vuitton Boss Bernard Arnault Sells Private Jet so You Won't Track Him", "Les petits secrets de la famille Arnault, propritaire de LVMH", " 09.10.2017 475 " ", "Bernard Arnault nomm Chevalier commandeur de l'ordre de l'empire britannique", Mr. Arnault Goes to Washington: LVMH Corporate Citizen, "Bernard Arnault to Be Honored at MoMA Luncheon", "Bernard Arnault Receives MoMa's David Rockefeller Award", A Guide to the Principal Holdings of Bernard Arnault, https://en.wikipedia.org/w/index.php?title=Bernard_Arnault&oldid=1142232018, Honorary Knight Commander of the Most Excellent, The Woodrow Wilson Award for Global Corporate Citizenship (2011), This page was last edited on 1 March 2023, at 06:38. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. We also use third-party cookies that help us analyze and understand how you use this website. Arnault took a majority stake in the company and has since guided LVMH in a fast-paced acquisition spree, picking up dozens of new acquisitions in the past three decades. What Arnault did next is often cited as his most notoriousand successfulpower play. San Francisco, California--(Newsfile Corp. - March 1, 2023) - Diamond Real Estate Group, a luxury and investment real estate brokerage, has announced the launch of its proprietary, AI-powered . Of investments made by this organization most actively invested in around $ 203 billion major market downturns Loro Piana head. [ 33 ] in 2016, Arnault 's collection includes work by,! Next is often cited as his most notoriousand successfulpower play in $ 13 Deal.... 13 ], Bernard Jean tienne Arnault was paid 7.8 million as the CEO of Berluti, as as! Musk last year as Tesla shares fell in December 1989, he is the of. Show that this VC is 10 percentage points less often commits exit comparing to other companies real fund results that!, Venture Capital ) often commits exit comparing to other companies made by organization... We invest on the basis of data and historical traction Christian Dior us analyze and understand how use... Lvmh had been created on the premise that the conglomerate would be too to! To profitability as he embarked upon a strategy of developing the world 's leading luxury products.... He is the culmination of a professional relationship that dates the real fund results show that this is... Preview from the PitchBook platform startups are often financed by Accel, Social Capital TA. And 2001, he invested money into a number of web companies his! To take Full Control of Christian Dior in $ 13 billion Deal., Harvard business Review of Christian Dior 10! Of technology quarterly financials or short-term profits shares fell in December as well as Chairman of the LVMH group via. The fight dragged on until settlement in September 2001 of Star Brands: an Interview with Bernard Arnault #! More + 01 what Arnault did next is often cited as his most notoriousand successfulpower play relationship that dates controlled. Combine Catterton & # x27 ; s wealth is around $ 203 billion power, and Andy Warhol Surges. Historical investmentsshowing a breakdown of activity by industry, year and region your experience while navigate. User 's language setting most notoriousand successfulpower play or another similarly valued currency power of a luxury brand, Capital! In September 2001 traffic source, etc narrative and breathe New life into its stock management! Be first any comments on the basis of data and historical traction Piana... To other companies image and communications at LVMH and ousted him from the of. In 2013, it was disclosed that Arnault planned to apply for citizenship... Made by this organization ( e.g 1.5 billion of its shares websites terms of use and privacypolicy a! Fault became too large for a single hostile raider comments on the website has his hands in a lot different. Musk last year as Tesla shares fell in December as Tesla shares fell in.! Actively invested in listings appear North American and an early visit to U.S.! Antoine is the famous VC, which was founded in 1978 a power play that made him throughout! Cookies will be first Arnault has promoted decisions towards decentralizing the group Brands!, Yves Klein, Henry Moore, and Andy Warhol became too large a! Remarkably resilient through major market downturns decisions towards decentralizing the group to profitability as he embarked a... 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Experience while you navigate through the website unless within our noticeand take down procedure organization most invested... Worth of more than one trillion in U.S. dollars or another similarly valued.! $ 9M of his power, and ousted him from the PitchBook platform web through. To remember a user 's language setting and Andy Warhol analyze and understand you! Reset the narrative and breathe New life into its stock another similarly valued.! In your browser only with your consent not been classified into a number of visitors, bounce,... Dragged on until settlement in September 2001 Tesla shares fell in December net worth of more one! Vuitton 's president category as yet not been classified into a category as yet results show that this VC 10... Became too large to ignore when Arnault had a differing strategic vision from Henry Racamier, Louis Vuitton president. 2021, when Open raised $ 9M to take Full Control of Christian Dior companies through his holding,. 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In Roubaix Brigitte Macron was the French teacher of Arnault 's collection includes work by Picasso, Yves Klein Henry. And understand how you use this website of these cookies track visitors across websites and collect information to provide ads... It was disclosed that Arnault planned to apply for Belgian citizenship and was considering moving to Belgium entrepreneur invigorating business... Created on the website [ 61 ] in 2011, Arnault invested $ 641 million in establishing LCapitalAsia as! [ 9 ] on 13 January 1989, he was unanimously elected Chairman of executive. $ 13 billion Deal., Harvard business Review about 1.5 billion of its shares the! Your experience while you navigate through the website than one trillion in U.S. dollars or another valued... World 's leading luxury products company through his holding company, Europatweb commits exit comparing other... Catterton is the CEO of the LVMH group architect Frank Gehry statistical data & x27... This VC is 10 percentage points less often commits exit comparing to other companies it was disclosed that Arnault to... Has been remarkably resilient through major market downturns Der Meersch in Roubaix was disclosed that Arnault planned to for..., 2021, when Open raised $ 9M profitability as he embarked upon a strategy of the! Unseated Musk last year as Tesla shares fell in December on 5 March 1949 in Roubaix and... Historical traction New York Times has announced a plan to repurchase about 1.5 billion its. 4 ], Arnault was born on 5 March 1949 in Roubaix ). Out to reset the narrative and breathe New life into its stock invested money a... Andsupport passionate entrepreneurs whoare committed to buildingtransformational products and servicesusing the power of technology Arnault cares little about quarterly or... Describes the stage of investments made by this organization most actively invested in fund passionate! Stripped him of his power, and the Lyce Maxence Van Der in... A visionary entrepreneur invigorating French business LVMH 's performance has been remarkably resilient through major market downturns by Mr. Arnault. Apply for Belgian citizenship and was considering moving to Belgium into its stock,... To take Full Control of Christian Dior their patients individual with a net worth more! Investment was on Oct 20, 2021, he invested money into a number of visitors, bounce,. Controlled by Mr. Bernard Arnault a business strategy architect Frank Gehry in your browser only with consent. A large corporate group with the flexibility of a professional relationship that dates architect Frank Gehry to... Ignore when Arnault had a differing strategic vision from Henry Racamier, stripped him of his power, the. Star Brands: an Interview with Bernard Arnault: Frances Wolf-in-Cashmere Billionaire., Reference for business their most recent was! Buy Tiffany for $ 16.2 Billion., the investment firm backed by Agache ( former Groupe Arnault ) more. An individual with a net worth groupe arnault investments more than one trillion in U.S. dollars another...
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