How did Bernard Arnault get Louis Vuitton?
Then, in 1987, Arnault was invited to invest in LVMH by the company’s chairman, Henri Racamier. Arnault then hired Marc Jacobs, a young American designer, to the post of creative director at Louis Vuitton, a maker of luxury leather goods; that year, LVMH also acquired a majority stake in Jacobs’s eponymous line.
How much did Bernard Arnault buy Louis Vuitton?
Mr Arnault, who has been chairman of Louis Vuitton since he acquired a 44 per cent stake in the brand conglomerate in the late 1980s, is worth $US196 billion ($265 billion) as of Thursday. That’s slightly more than Jeff Bezos’ net worth of about $US186 billion, according to Forbes.
How much of LVMH does Arnault own?
At the end of 2017, the only declared major shareholder in LVMH was Arnault Family Group, the holding company of Bernard Arnault. The group’s control amounted to 46.84% of LVMH’s stock and 63.13% of its voting rights. LVMH holds 66% of the drinks division, Moët Hennessy, with the remaining 34% held by Diageo.
What does Bernault Arnault own?
Arnault acts as the chairman for LVMH Moet Hennessy Louis Vuitton, the world’s largest maker of luxury goods (he controls about half the company). Their revenue last year was $55.3 billion. Their brands include Christian Dior, Louis Vuitton, TAG Heuer watches, Dom Perignon champagne, Sephora, FENTY, and many more.
How Bernard Arnault become rich?
Groupe Arnault has invested in Netflix and Blue Capital and also took a major stake in French food chain Carrefour. Arnault began his career working for his father’s manufacturing company. Five years into the position, he convinced his father to liquidate the construction division and enter the real estate market.
Who is Richard Arnault?
Richard Arnault, Owner and Executive Chairman of Louis Vuitton, has become the world’s richest man after he was reported to be worth $196 billion, surpassing Bezos’s $186 billion. The company owns the brands of Louis Vuitton, Christian Dior, Bulgari, Tag Heuer, Sephora, and Hennessy.
Is Bernard Arnault married?
Hélène Mercierm. 1991
Anne Dewavrinm. 1973–1990
Bernard Arnault/Spouse
In 1991, he married Hélène Mercier, a Canadian concert pianist, together having three children, Alexandre, Frédéric, and Jean. Bernard Arnault and Hélène Mercier currently live in Paris.
Who invented Louis Vuitton?
Louis Vuitton
Louis Vuitton/Founders
Why is Arnault so rich?
LVMH, which also owns household names like Fendi, Christian Dior and Givenchy, rose 0.4% during the first hours of trading on Monday, putting its market cap at $320 billion and pushing Arnault’s personal stake up by more than $600 million. …