degree in Economics and his Masters in Sociology. Part of his tasks is to oversee luxury brands such as Dom Perignon, Bulgari, Louis Vuitton, Sephora, De Beers, Bulgari and Tag Heuer. Arnault then hired Marc Jacobs, a young American designer, to the post of creative director at Louis Vuitton, a maker of luxury leather goods. Bernard Arnault is Chairman and CEO of both companies. Arnault was known in Europe as the man who revitalized French couture in 1995 by appointing British fashion designer John Galliano to replace the venerable Hubert de Givenchy at the latter’s Paris fashion house. LVMH acquired Arnault's share in 2009[31] to add to the group's other wine property Château d'Yquem. [28], In 2008, he entered the yacht business and bought Princess Yachts for 253 million euros. Disclaimer | Arnault's ownership in LVMH helped lift his net worth to $108 billion as of Thursday's market close. He chose Christian de Portzamparc to supervise this project. [8][10], In 1984, with the help of Antoine Bernheim, a senior partner of Lazard Frères, Arnault acquired the Financière Agache, a luxury goods company. In the 1990s, Arnault decided to develop a centre in New York to manage LVMH's presence in the United States. Arnault wasn’t the only billionaire to gain big money this week. Fun fact: LVMH purchased the Christian Dior brand for $13.1 billion in 2017. In March 2020, a newly launched real estate company called Blackbrook Capital received the significant financial backing of over €1 billion from Eldridge Industries.... How the Global Real Estate Market Is Slowly Recovering Fun fact: Tag Heuer sponsors a number of celebrities and athletes including golfer Tiger Woods, actor George Clooney, and world-famous soccer club Manchester United. Subsidiaries. [51], In 2013, it was disclosed that Arnault planned to apply for Belgian citizenship and was considering moving to Belgium. Historically and culturally among the most important nations in the Western world, France has also played a highly significant role in international affairs, with former colonies in every corner of the globe. [32] Arnault and his son finalized a €100 million donation in September 2019. He then went on to study at the Ecole Polytechnique. If you're active in the markets, CLICK HERE to sign up. [54] 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. Arnault graduated from the École Polytechnique in Paris with a degree in engineering. [14] In 1993, LVMH acquired Berluti and Kenzo. Requesting Belgian nationality was to better protect the foundation that I created with the sole purpose of ensuring the continuity and integrity of the LVMH group if I were to disappear. 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 : "Je retire ma demande de nationalité belge, "LVMH's Arnault Withdraws Belgian Citizenship Bid", "Bernard Arnault Withdraws Belgian Citizenship Bid", A Guide to the Principal Holdings of Bernard Arnault, https://en.wikipedia.org/w/index.php?title=Bernard_Arnault&oldid=984508389, Creative Commons Attribution-ShareAlike License, Businessman, media proprietor, art collector, The Woodrow Wilson Award for Global Corporate Citizenship (2011), Honorary Knight Commander of the Most Excellent, This page was last edited on 20 October 2020, at 13:11. Announcing our NEW encyclopedia for Kids! [33], Arnault's collection includes work by Picasso, Yves Klein, Henry Moore, and Andy Warhol. Omissions? より引用 He sold nearly all the company's assets, keeping only the Christian Dior brand and Le Bon Marché department store. Investing through a joint venture with Guinness PLC, Arnault ousted Racamier in 1990 and started to sweep a slew of fashion companies into the LVMH fold: Christian Lacroix, Givenchy, and Kenzo; the leather goods companies Loewe, Céline, and Berluti; the jeweler Fred Joailler; the DFS group (the world’s biggest duty-free chain); and the beauty retailer Sephora. Corrections? LVMH now consists of 70 companies, including Dom Perignon champagne and Tag Heuer Watches. © 2020 Insider Inc. and finanzen.net GmbH (Imprint). [21] The result was the LVMH Tower that opened in December 1999. Arnault led LVMH, popularly known as Louis Vuitton, through the execution of a successful plan that has made it one of the biggest luxury groups across the globe. "[55], "LVMH's CEO Bernard Arnault Is Now the Richest Person in Fashion", "French Billionaire Bernard Arnault Was (Briefly) The World's Richest Person Today", "Jeff Bezos Is No Longer The Richest Person In The World (Again)", "Bernard Arnault: Chairman and Chief Executive Officer", "Bernard Arnault: France's 'wolf-in-cashmere' billionaire", "Roubaix Quand Bernard Arnault était lycéen à Van-Der-Meersch", "Bernard Arnault, chairman, LVMH Moët Hennessy Louis Vuitton", Pivotal Figure Emerges In Moet-Vuitton Feud, 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, "Board of Advisors 1Malaysia Development Berhad", "Goldman Sachs, a Nama letter and the links to a $6bn fraud probe", NETFLIX.com Secures $30 Million Investment from Group Arnault, Bernard Arnault plots new course for Princess Yachts, "LVMH buys 50% share in Chateau Cheval Blanc", "French billionaire gives $109 million to rebuild Notre Dame", 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, Mr. Arnault Goes to Washington: LVMH Corporate Citizen, "LVMH head Arnault to be knighted in London", "Bernard Arnault to Be Honored at MoMA Luncheon", "Bernard Arnault Receives MoMa's David Rockefeller Award", "LVMH brought in a record-breaking $59 billion in revenue in 2019. Stock quotes by finanzen.net. A partial list including some of LVMH's best-known brands and subsidiaries: Conglomerates owned – Christian Dior

History Of The Penny, El Fuego Santa Fe, Burning Palms Watch Online, Historic Natchez, Fort Collins Abc Channel, Worst Tornado In Wisconsin History,