Bernard Arnault
Chairman and CEO, LVMH Moët Hennessy – Louis VuittonBirth DetailsMarch 5, 1949 | Roubaix, France
NationalityFrench
LeagueBusiness Leader
EducationEngineer from École Polytechnique
Net Worth$94.1 billion (as of May 23, 2020)
Bernard Arnault's Assets
Bernard Arnault's Journey so far ...
Before you go ...
- LVMH Moët Hennessy – Louis Vuitton
Bernard Arnault's Journey so far ...
- Born to a father who had a very successful construction business, Bernard Jean Étienne Arnault went to some of France's top schools, the Roubaix lycée and the Faidherbe lycée in Lille
- In 1971, he graduated from one of France's most prestigious engineering schools, the École Polytechnique. After completing his engineering, Arnault joined his father's business, Ferret-Savinel, where he gradually climbed up the ladder and eventually became the chairman in 1978 and remained in that role until 1984
- In 1984 he acquired Boussac Saint-Frères which housed the brand Christian Dior and subsequently rejuvenated the brand
- Arnault became the largest shareholder of LVMH Moët Hennessy – Louis Vuitton in 1989 and transformed it into one of the largest luxury groups in the world
- Under his stewardship, LVMH became a launchpad for the acquisitions of some of the world’s most prestigious labels. It now consists of over 70 marque brands including Louis Vuitton, wine and champagne brands Moët & Chandon, Hennessy, beauty chain store Sephora, Italian jeweller Bulgari, Fendi, Givenchy as well as watchmakers Tag Heuer and Hublot
- In one of the biggest luxury brand acquisitions, LVMH acquired American brand Tiffany, known for delicate jewellery, at an estimated $16.2 billion in November 2019
- Arnault was one of only three people ever to make it into the exclusive centi-billionaires club, along with Jeff Bezos and Bill Gates. For a brief period, he also became the world's richest person
- One of Europe's richest men, Arnault owns an island in the Bahamas. He is often seen during the Paris Fashion Shows where his brands are prominently showcased
- In 2007, he converted a ship that was used for research into a yacht named Amadeus. He currently owns a 100-metre long yacht named Symphony
Before you go ...
- Following Francois Hollande's election as the French President, Arnault caused outrage after he applied for Belgian citizenship thanks to the 75% tax on the rich. Arnault later dropped his application and said he would stay and pay his taxes in France
- He was bestowed with France's top award, the Legion of Honour, in 2007
- After a fire that destroyed Paris's iconic Notre-Dame cathedral, Arnault and his family pledged $200 million to help in its repair
- Arnault is a tennis lover and his favourite player is Swiss legend Roger Federer
Last Updated: 15/02/2021
Bernard Arnault News
- Arnault tightens his LVMH control with $1.6-B buying spreeBernard Arnault significantly increased his stake in LVMH, spending $1.6 billion on shares to move closer to owning half of the luxury conglomerate. This accelerated buying spree, made through holding companies during a share price dip, underscores his strategy of concentrating wealth in LVMH, which he founded nearly four decades ago.
- The world’s greatest mystery: Who is Satoshi Nakamoto and how rich is Bitcoin’s elusive creator?A massive $8.6 billion Bitcoin transfer from dormant wallets linked to the "Satoshi era" has sparked renewed interest in Satoshi Nakamoto's identity. The 80,000 BTC, mined in 2011 and untouched for over 14 years, were moved to more secure addresses. Analysts speculate the move was a security upgrade, prompted by warnings of potential claims, rather than a sale.
- LVMH to lift age limit, letting Arnault remain CEO until 85LVMH will request shareholders to increase the age limit for its CEO and chairman roles to 85. This move allows Bernard Arnault, the 76-year-old billionaire boss, to stay longer at the helm. Arnault has yet to name a successor, although his five children work for the group.
- Five of the world’s richest people who attended Trump’s inauguration lost $209 billion since Jan 20Following the inauguration of Donald Trump, financial setbacks have plagued five major tech billionaires, with a combined loss of $209 billion. Tesla’s Elon Musk has seen his wealth plummet by $148 billion, while Jeff Bezos and Sergey Brin also face substantial declines. Other tech moguls such as Mark Zuckerberg and Bernard Arnault's net worth have also taken a hit.
- LVMH breakup goes from ‘why?’ to ‘why not?’Investor discussions are intensifying around splitting up LVMH Moet Hennessy Louis Vuitton SE. Separating Moet Hennessy and potentially Sephora could enhance valuation and streamline operations. As Bernard Arnault nears succession decisions for his empire, breaking up the company might also simplify leadership transitions.
- The Trump effect: How his first week in office feels like a throwback to his first termDonald Trump’s first week of his second term has been marked by bold actions, including pardoning January 6 rioters, revoking security for former officials, and swiftly implementing policy changes. His more organised approach contrasts with his familiar combative style, as he pushes for an oil-driven economy and battles legal challenges. Amid tensions with tech billionaires and misleading statements, Trump’s presidency promises to ignite debates on executive power and the future of U.S. democracy.
- These are the five people who could become trillionaires in the next few yearsA latest inequality report revealed a major prediction that within the coming decade approximately five renowned personalities on this planet can eventually become trillionaires.
- Luxury+1: Will Bulgari show brands the way from China to India?Bulgari, a renowned Italian luxury brand, is expanding its presence in India due to a decrease in demand in China. The company sees strong potential in India's growing luxury market. Other global luxury brands are also considering India as a prime market due to its increasing affluent population and rising disposable incomes.
- Luxury titans lose $58 billion as pandemic era splurge endsFrance's wealthiest luxury and cosmetics moguls, including Bernard Arnault and Francoise Bettencourt Meyers, have seen their fortunes shrink by a combined $58 billion in 2023. The decline follows reduced demand, especially in China, affecting companies like LVMH, L'Oreal, and Kering. This comes amid growing calls for higher taxes on the rich in France.
- France's richest family, Red Bull in exclusive talks for Paris FC aquisitionThe Arnault family, owners of LVMH, is in talks to buy a controlling stake in Paris FC, with Red Bull getting a minority share. The plan aims to transform Paris FC into a top football club in France, challenging Paris Saint-Germain. Red Bull's experience in football is expected to help in this transformation.
- Bernard Arnault wins big on China stimulus with $17 billion wealth surgeBernard Arnault, who faced a significant wealth drop this year, saw his fortune rise by $17 billion to $201 billion after China announced stimulus measures. Shares of his LVMH surged on hopes of revived luxury goods demand. Arnault now ranks as the world's fourth-richest person.
- Elon Musk set to become world's first trillionaire by 2027, with Gautam Adani not far behind, says reportMusk is projected to become the world’s first trillionaire by 2027, according to a report by Informa Connect Academy. Other billionaires like Gautam Adani and Jensen Huang are also expected to reach trillionaire status soon. The report highlights the rapid wealth growth of these individuals and their potential impact on global affluence.
- Do you know how much luxury bags of Dior and Armani cost? Startling revelations made after Italian police raid Milan unitsDior and Armani's units have been placed under judicial administration for one year after they were accused of exploiting the workers and not abiding by the labor laws. LVMH CEO Bernard Arnault is the world's third richest person. His daughter, Delphine Arnault, is the CEO of Dior.
- Forbes Richest List 2024: Bernard Arnault retains title as World's richest person with $233 bn fortune; Report records 2781 billionaires worldwideBernard Arnault maintains his position as the world's richest person in 2024, with a fortune of $233 billion, driven by LVMH's exceptional performance. His strategic acquisitions and focus on succession planning highlight his visionary leadership. Globally, the number of billionaires has reached a record high, with significant concentrations of wealth in the United States, China, and India. Arnault's continued success underscores his enduring impact on the luxury goods industry and the global economy.
- Elon Musk's wealth drops by nearly 40 billion dollars in 2024Elon Musk's wealth has declined by almost 40 billion dollars in 2024, primarily due to the drop in Tesla's share price and the rejection of a $55 billion compensation package by a Delaware court. His social network, X, has also faced challenges, struggling to retain advertisers amid controversies. Musk has announced plans to launch a smart TV app for Amazon and Samsung users, aiming to compete with Google's YouTube and expand X's video content offerings.
- Tesla's Elon Musk is no longer the richest person in the worldBernard Arnault surpasses Elon Musk as the richest person in the world, with a net worth of $207.6 billion. Arnault's rise to the top came as tech stocks struggled due to high inflation. The French billionaire's surge in net worth, driven by positive LVHM results, led him to overtake Musk. Arnault, Chairman and CEO of LVHM, saw a $23.6 billion increase, while Musk's net worth dipped by $18 billion after a 13% drop in Tesla's stock. Luxury goods group LVMH, which owns brands like Louis Vuitton and Dior, posted a 10% rise in Q4 sales, contributing to Arnault's success.
- Gear up, the world's first trillionaire is at best, 10 years away: ReportOxfam International predicts that the world could have its first trillionaire within a decade, highlighting the growing disparities between the super-rich and the majority of the global population. The group claims that the wealth of the top five billionaires, including Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison, and Warren Buffett, has spiked by 114% in real terms since 2020.
- World's richest 1% emit as much carbon as bottom two-thirds: ReportThe report says that the richest one percent globally -- 77 million people -- were responsible for 16 percent of global emissions related to their consumption.
- Bernard Arnault loses spot as world’s second-richest person to Jeff BezosArnault is founder and chief executive officer of LVMH, the French luxury powerhouse that includes brands such as Louis Vuitton and Moet & Chandon. His wealth has fallen by $6.8 billion since Wednesday, when the company reported softer sales growth. Arnault is now worth $155.1 billion, just below Bezos’s $156.3 billion, according to the Bloomberg Billionaires Index.
- Why is French billionaire Bernard Arnault facing probe over Russian business ties?French billionaire Bernard Arnault, currently ranked as the second-wealthiest individual globally, is facing an investigation related to suspected money laundering associated with his business connections to Russian oligarch Nikolai Sarkisov.
- Bernard Arnault's legacy: Can his children sustain LVMH - the world's largest luxury conglomerate empire?In an effort to secure LVMH's future, Arnault has raised the retirement age for the CEO and chair to 80. He has also created a corporate structure that ensures his family's control of the company.
- Elon Musk, Bernard Arnault - among world's richest - lunch in Paris & pics go viral on TwitterIn an interview with the French news programme Quotidien, Arnault said he was eager to meet Musk in person as the latter was an “exceptional entrepreneur.”
- Elon Musk says vehicle autonomy is 'main driver' of Tesla valueTesla is close to achieving fully autonomous vehicles, CEO Elon Musk said during a visit to Paris on Friday, adding autonomy was the "main driver" of the brand's market value.
- European leaders host Elon Musk, chase Tesla investmentBillionaire Elon Musk is set to meet French President Emmanuel Macron in Paris on Friday as part of a European trip, with national leaders jostling for investment from his electric car firm Tesla.
- Elon Musk pips Bernard Arnault to reclaim the world's richest person tagElon Musk overtook Bernard Arnault, owner of luxury goods manufacturer LVMH, as the world's richest person once again. LVMH's falling shares in Paris reduced French tycoon Arnault's wealth slightly and caused him to lose the top spot to Musk. Tesla shares have given 66% returns to investors year-to-date, while LVMH shares have seen just over 20% returns.
- World’s richest man loses $11 billion after LVMH stock routWorld's richest man, Bernard Arnault, lost around $11.2 billion from his fortune in one day due to the softening of the US economy, which is likely to dampen luxury goods demand. The investor of LVMH, offering brands such as Louis Vuitton, Moet & Chandon, and Christian Dior, experienced a 5% fall in LVMH shares in Paris. Despite the shares' slump, Arnault still has a net worth of $191.6 billion, having added $29.5 billion so far this year. Deutsche Bank analysts forecast that the international investors may become selective with European luxury stocks due to slowing growth in the US, which might affect the LVMH share price as well.
- View: Succession is tricky, none trickier than the richest person choosing who follows himThe case of the family of Bernard Arnault, chairman-CEO of Louis Vuitton, and world's richest man, is just as speculative as the Roys and Murdochs. Eldest child, Delphine, and four sons, Antoine, Frederic, Alexandre, and Jean - each with roles in the luxury fashion house empire, vying for control. Arnault Sr responded to an analyst's question regarding succession plans earlier this year: 'You will have noticed that the retirement age is being raised.'
- Bernard Arnault's net worth and succession plans, decodedBernard Arnault heir and bernard arnault succession plan. World's richest man LMVH chairman Bernard Arnault net worth
- Forbes Billionaires List: Elon Musk not the richest man in world anymoreBernard Arnault, the head of the French luxury goods conglomerate LVMH, has replaced Elon Musk as the world's richest billionaire, with a net worth of $211bn. Arnault's wealth increased by more than $50bn last year, while Musk's current net worth has been estimated at $180bn, a $39bn drop from the previous year. Arnault's success is due to record-high profits at LVMH, whose brands include Louis Vuitton, Christian Dior and Tiffany & Co.
- World’s richest man eyes India’s luxury market with landmark Dior showThe French luxury brand became the first fashion house to showcase its collection in India on March 30, highlighting the rising interest that Western luxury brands have in tapping the country's growing wealth. India currently has 119 billionaires, with an estimated 70 new millionaires produced every day between 2018 and 2022.
- India ranks third in terms of self-made billionaires, highlights 2023 Hurun Global Rich ListThe report also cited the global ranks of Indians in M3M Hurun Global Rich List is surging at a rapid pace. Over the last five years, India’s contribution to the global billionaire population has been steadily increasing. Currently, India contributes 8 per cent of the total global billionaire population compared to 4.9 per cent five years ago.
- Bernard Arnault overthrew Tesla chief Elon Musk as world's richestThe news comes just a day after Tesla Inc's shares fell about 7% on Thursday after Elon Musk's four-hour presentation failed to impress investors who were expecting an announcement on affordable electric cars. The fall in shares resulted in a drop of Musk's net worth by nearly $2 billion. His net worth settled at around $184 billion, after a dip of $1.91 billion on the day.
- Luxury sector eyes reopening of ChinaThe world's largest luxury group LVMH posted a 23-percent jump in sales to a record of 79 billion euros ($86 billion) in 2022 and saw profits climb 17 percent to 14 billion.
- Elon Musk nears world’s richest title againIt may take a bit longer for Musk to overtake the French luxury-goods titan, though, after disclosing this week he gave 11.6 million Tesla shares to unnamed charitable causes between August and December. The stock was worth about $1.9 billion, based on closing prices on the days Musk donated the securities.
- Gautam Adani slips to 7th rank in global rich list, out of $100 billion clubGautam Adani loses $22.6 billion over Hindenburg report, as per Forbes Real Time Billionaires. Gautam Adani now 7th richest person in the world, according to Forbes. See who are ahead of him. Gautam Adani wealth drops below $100 billion.
- World's Richie Rich: Gautam Adani drops down to 4th position in the world richest persons listAdani Group founder with a total net worth of USD 120 billion ranked at fourth place on the Bloomberg Billionaires Index. Adani’s net worth fell by USD 872 million in the last 24 hours.
- Musk, the biggest (money) loser everInterestingly, the otherwise loquacious Musk has been rather silent on the tumbling fortune front. It would be admissible for him, at least in private, to tap the table about his cumulative loss, even if he's not the actively grieving kind.
- World's second richest man Elon Musk breaks record for largest loss of personal fortuneTesla and Twitter CEO Elon Musk has entered the Guinness Book of World Records for the largest loss of personal fortune, estimated by Forbes to be roughly $165 billion as of December 2022. Musk also recently became the first person ever to lose $200 billion from his net worth. Musk saw his fortune peak in November 2021, hitting $340 billion, before a massive drop.
- Elon Musk becomes first person ever to lose $200 billionThe Tesla CEO has seen his wealth tumble in recent weeks after shares of the electric car maker tumbled.
- After Twitter, Elon Musk to conduct layoffs at TeslaThe electric carmaker Tesla is planning to put a hiring freeze and layoffs may begin soon at the company early next year
- Elon Musk’s net worth sinks to two-year lowMusk’s losses for the year now total $122.6 billion, exceeding the amount he gained in 2021 when his fortune soared to rank among the biggest in history.
- Pessimism, the smartest way to meet the oddsDon't get all gloomy and doomy about pessimists. Their worldview can provide succour when optimists get suckerpunched.
- Bernard Arnault: Billionaire who dethroned Elon Musk as world's richest personBernard Arnault, the CEO of Louis Vuitton in France, has surpassed Tesla's Elon Musk to become the world's richest person
- Bernard Arnault becomes world’s richest man. See who is heBernard Arnault, the CEO of LVMH, overtook Elon Musk as the world’s richest person. Bernard Arnault’s net worth is $171 billion, more than 5% of the French GDP, compared to the Tesla owner’s net worth of $164 billion.
- Elon Musk loses 'World's richest' title to this French business magnateForbes says that Twitter owner and Tesla CEO Elon Musk lost his title as the world's richest person for a short time on Wednesday. This was because the value of his stake in the electric car company dropped sharply and he put $44 billion on Twitter.
- Elon Musk no longer world's richest; Where does Gautam Adani stand?Elon Musk, who was once worth as much as $340 billion, has lost the richest person of the world tag after Tesla shares kept falling. This also coincides with Musk's Twitter takeover. Who is the richest person now and where does Gautam Adani stand?
- Musk loses world's richest man tag to Bernard ArnaultIn January 2021, Musk became the richest person in the world for the first time, with a net worth of more than $185 billion. Meanwhile, Tesla shares are further sliding, amid reports that Tesla will cut production at its Shanghai plant by 20 per cent in December.
- Elon Musk no longer the world's richest person; dethroned by LVMH's ArnaultThe SpaceX and Tesla CEO's wealth has dropped to $168.5 billion, with his $44 billion spend on purchasing Twitter taking a chunk out of his net worth.
- Louis Vuitton CEO Bernard Arnault sells his private jet after Twitter accounts watch himBernard Arnault, chairman and CEO of LVMH Moët Hennessy – Louis Vuitton SE, the world's largest luxury goods company, has sold off his private jet. Amid the growing climate crisis, the "ultra-polluting” lifestyles of billionaires increasingly under scrutiny.
- Adani's wealth surges $72.5 billion in 2022, equal to that of nine other billionaires combined!According to the data from the Bloomberg index, Adani has added $72.5 billion to his wealth as his fortunes topped the $150 billion mark on Friday. Among other gainers, French logistics leader Rodolphe Saade and family and Swiss-Fintech mogul Guillaume Pousaz have added $12.4 billion and $11.7 billion in the current calendar.
- Forbes Rich List: Gautam Adani claims second spot among world's richestThe top 10 billionaires on the Forbes rich list now are Elon Musk ($273.5 billion), Gautam Adani ($155.7 billion), Bernard Arnault ($155.2), Jeff Bezos ($149.7 billion), Bill Gates ($105.3 billion), Warren Buffett ($96.5 billion), Mukesh Ambani ($92.6 billion) and Google co-founders Larry Page ($89 billion) and Sergey Brin ($85.4 billion).
- Forbes list: Gautam Adani becomes 4th richest person in the worldFor more such web stories click on the ET icon below
- Emmanuel Macron won, so did high-fashion - thanks to wife Brigitte's craze for Louis Vuitton outfitsBrigitte Macron wore a custom-made cropped LV navy jacket on the election night.
- World's 10 richest 'doubled wealth' during pandemicFor more such web stories click on the ET icon below.
- Meet Frédéric Arnault from luxury’s first familyFor more such web stories click on the ET icon below
- Meet Frédéric Arnault, the 26-year-old power player who was being groomed to become TAG Heuer CEOFrédéric is the latest Arnault to enter the spotlight, thanks to a partnership with Ryan Gosling.
- As Mukesh Ambani closes in on $100 billion mark, here is a list of others in the billionaire clubThe Bloomberg Billionaires Index, the daily ranking of the world’s richest people, lists him at a networth of $ 92.6B
- Bernard Arnault, French billionaire & chief executive of LVMH, bids farewell to Carrefour after 14 yearsArnault, who built up LVMH through acquisitions, has been unravelling some of his less successful side investments.
- European stocks edge towards record highs shaking off growth worriesAfter seven straight months of gains, the pan-European STOXX 600 started September with a 0.9% rise, holding just a point below its life high.
- Luxury billionaire Bernard Arnault sells out of retailer CarrefourArnault, who had bought into Carrefour in 2007 and is known for running Louis Vuitton owner LVMH, was one of its three big shareholders, along with the Moulin family and Brazilian businessman Abilio dos Santos Diniz.
- Bernard Arnault, Chairman of Louis Vuitton Moet Hennessy, is world's richest personBernard Arnault, Chairman of Louis Vuitton Moet Hennessy, has become the richest person in the world after surpassing Amazon founder Jeff Bezos.
- LVMH acquires 60% stake in Off-White; Virgil Abloh gets a seat at the luxe group's power tableAbloh said he hopes the deal will ensure that Off-White will be “on historic corners all over the world for years to come.”
- Bernard Arnault overtakes Jeff Bezos to become world's richest personAs per Forbes, Arnault claimed the top spot with a net worth of $186.4 billion surpassing Bezos whose net worth stands at $186 billion.
- From stuffed pigeons to slowly-melting chairs, billionaire tycoon's art collection has it allIt will give visitors a glimpse of François Pinault's trove of art purchases since the 1980s.
- Louis Vuitton India FY20 net jumps 57%According to documents recently filed with the registrar of companies (RoC), accessed through business information platform Tofler, LVMH, known for its iconic monogrammed bags, clothing, perfumes and leather goods reported an increase in profit after tax by Rs 3.19 crore in the previous year. The company runs three stores in India in Delhi, Mumbai and Bengaluru.
- LVMH has a plan to change Tiffany: New luxe watches, silver jewellery, some sparkleTiffany's products range from $150 silver pendants to exquisite diamond necklaces.
- LVMH promotes Arnault scion to lead Tiffany after $16 bn deal; ready to give jewellery brand a makeoverAlexandre Arnault will be executive vice president at Tiffany.
- Stock surge produces record 5 tycoons with $100 billion fortunesFor all of its tumult and crises, 2020 has been a banner year for the world’s richest. The 500 people tracked by the index have added $1.2 trillion in wealth since January, a 21% gain aided by surging stock markets, ample liquidity and the ability to capitalize on depressed valuations.
- LVMH, Tiffany bury the hatchet, finally seal bitter merger at lower priceTiffany agreed to accept a lower price from LVMH in order to seal a deal that had been closed to collapsing, the French group said in a statement.
- US luxury goods giant Tiffany sues LVMH for reneging on $16 billion deal as France steps inThe deal is the latest in a string of mergers and acquisitions that were agreed to before the coronavirus pandemic took off around the world in March, and have since ended up in court, were renegotiated or abandoned.
- Elon Musk gains $8 billion to become world’s fourth-richest personThe rise vaulted the Tesla co-founder past French luxury tycoon Bernard Arnault, the wealthiest non-American on the Bloomberg Billionaires Index. Musk’s $84.8 billion fortune puts him within $15 billion of Mark Zuckerberg, number three on the ranking of the world’s 500 richest people.
- Mukesh Ambani slips two ranks, now seventh richest in the worldAmbani’s net worth is valued at $78.3 billion, while Musk was sixth with a marginally high net worth of $78.6 billion.
- World's richest gain $1.2 trillion as bizarre fortunes flourish in 2019Emergence of atypical fortunes underscores how much money the uber-rich accumulated in 2019.
- Bill Gates no longer world's second richest, LVMH's Arnault climbs to No. 2Gates has never ranked lower than No. 2 in the seven-year history of the Bloomberg Billionaires Index.
- The world now has three people worth more than $100 billion eachArnault, chairman of LVMH, entered the ranks of centibillionaires on Tuesday as the luxury-goods maker climbed 2.9% to a record 368.80 euros a share.
- Bezos' wealth drops $9.1 billion on market routThe fortune of Europe’s wealthiest person, Bernard Arnault, tumbled $4.5 billion to $66.9 billion.
- A Basquiat work from the 20th century fetched $45.3 million in an auctionThe piece helped lure a host of billionaires to the boutique auction house’s preview.
- LVMH to gain control of Christian Dior after $13 billion Arnault dealArnault, who has a net worth of $46.3 billion, took control of Dior and Louis Vuitton in the 1980s and later added brands ranging from fashion to jewellery.
- When Roger Federer spent $250 to dye his hair blond during a tournamentHis mother Lynette was not amused at this experiment by Roger. He also had to get rid of his golden locks and wear a cap.
- The world’s richest made $237bn this yearThe individual gains for the year were dominated by Americans, who had four of the five biggest increases on the index, including Microsoft co-founder Bill Gates, the world’s richest person with $91.5 billion, and oilman Harold Hamm.
- We will continue to partner with leading consumer companies in India: Ravi Thakran, L Capital AsiaRavi Thakran talks about the group’s most recent global collaboration-L Catterton, the Indian luxury market, L Capital’s investments here.
- Fashion biggies who haven't named a successor yetAt its core, the business of fashion is an endless quest for something new. Problem is, some of the biggest names are getting rather old.
- Aditya Birla Group shortlists PEs for Rs Rs 2,400 crore retail company stakeBirla will raise $200 million each from two investors, which values the new retail company at $2.2 billion (Rs 13,000 crore) in enterprise valuation.
- Marc Jacobs leaves Louis Vuitton after 16 yearsMarc Jacobs has stepped down as the creative designer of Louis Vuitton after 16 years to concentrate on his own label.
- France president Francois Hollande’s 75% tax rate loss shows limit of ability to tap richThe tax, one of Hollande’s campaign promises , had become a focal point of discontent among entrepreneurs and other wealth creators, some of whom have quit French shores as a result.
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