He fought a handbags-at-dawn battle with Kering (then PPR) for Gucci in 1999, which he eventually lost, and in 2010 began buying Hermès stock, much to the Dumas family’s dismay. If you don’t know who he is, you should. Mr. Arnault, 70, is one of the richest men in the world — worth $106.9 billion as of Monday morning, according to Forbes. Jump up ^ Suzy Menkes, Bernard Arnault: Man Behind the Steely Mask, New York Times, 30 November 1999; Jump up ^ Julie V. Iovine, Designing The Nouveau Building On the Block, New York Times, 15 December 1999; Jump up ^ NETFLIX.com Secures $30 Million Investment from Group Arnault Archived 7 April 2014 at the Wayback Machine., 7 July 1999 The question seems incongruous: Bernard Arnault is one of the richest men in the world, a feat that never fails to fascinate Americans; and Tiffany remains the legendary icon of New York luxury. But he has always placed the brand above the individual, a decision that makes him, depending on who is watching, either a genius or a bloodsucker on the body of creativity. There’s no way to list them all, but they include: Dior, Vuitton, Fendi, Celine, Pucci, Marc Jacobs, Hennessy, Dom Pérignon, Bulgari, Tag Heuer, the Paris department store Le Bon Marché, Sephora, the hotel group Cheval Blanc, Moët & Chandon, Fenty, DFS Group, Make Up For Ever and Krug (to name a mere few). Bernard Arnault is the chairman and CEO of LVMH, the world's largest maker of luxury goods. Last month, Mr. Trump cut the ribbon on a new Louis Vuitton factory in Texas. Who is this Frenchman who has just taken over Tiffany? Bernard Arnault, the chairman of LVMH Moët Hennessy Louis Vuitton and the richest man in Europe, is no stranger to public battles. LVMH, a group of 75 — 75! Hélène Mercier and Bernard Arnault have three sons together. In that moment, the idea for an empire was born. Arnault's successful integration of various famous aspirational brands into a single group inspired other luxury companies to do the same. Their oldest, Alexandre, is the president and chief executive of the luggage company Rimowa. A new workshop in Texas brought the president and the king of luxury together. Alexandre is chief executive of Rimowa, the luggage brand, and Frédéric is strategy and digital director of Tag Heuer. For nylig kom det også frem, at Bernard Arnault vil oprette et nyt selskab, der skal finde, opkøbe og udvikle hidtil oversete selskaber med et stort potentiale. In January 2021, LVMH completed a … ; The 69-year-old French businessman is chairman and CEO of … The power crowd. He is French, and … But that does not prevent Vanessa Friedman, […] In the 1990s, Bernard Arnault had the idea to create a group of luxury brands. This year he also signed a joint venture with Stella McCartney, so she’s part of the fold, too, and has become a special adviser to the chairman for sustainability. Who are you, Mr. Arnault ? He also knew President Trump during their time in New York in the 1980s, and was among the first international business leaders to visit the new president at Trump Tower in early 2017. Born in Roubaix, … Four of them work at LVMH. The New York Times Magazine hailed Arnault a “superstar who has risen spectacularly to become head of the world’s largest luxury-goods company aged just 40”. He pretty much invented the whole idea (this is not overselling it). https://www.nytimes.com/2019/11/25/fashion/bernard-arnault-tiffany-lvmh.html. Rarely (when he plays tennis with Roger Federer, perhaps) — and when he does he usually still makes money out of the deal. He also suffered a quasi-black eye when the French media discovered in 2012 that he had applied for a Belgian passport during the socialist administration of President François Hollande, though he said it was only for estate planning purposes. Though his father made his money in the construction business, Mr. Arnault saw very early on the opportunities in taking a group of family-run artisanal companies, professionalizing them and leveraging their strength to the group benefit. Thibault Camus/Associated Press The former Dior designer John Galliano leaving a Paris courthouse on Wednesday. Bernard Arnault and his spouse, Hélène Mercier, earlier this year. — brands that span fashion, watches, jewelry, wine, spirits, retail, beauty and hospitality. In addition, he has pledged €200 million to the restoration of Notre-Dame after the fire earlier this year, and LVMH has donated $11 million to fight the wildfires in the Amazon rainforest. The deal is the biggest ever in the luxury sector, and it adds a prominent American name to the LVMH stable of brands. of the luxury brand group LVMH Moët Hennessy Louis Vuitton and the 10th richest man in the world, according to Forbes. One of the world's ultimate taste-makers, Bernard Arnault oversees an empire of 70 brands including Louis Vuitton and Sephora. After more than a decade in the making, the Fondation Louis Vuitton, Bernard Arnault’s private art museum par excellence designed by the starchitect Frank Gehry, opens its doors to the public on Oct. 27. He is also very competitive. Valerio Mezzanotti for The New York Times Mr. Arnault is the driving force behind Rimowa, the German suitcase company that, as he put it, is … Who Is He? He sold everything else off, but kept Dior and built from there. Arnaults investeringsselskab Financière Agache er gået sammen med investeringsselskabet Tikehau Capital og to tidligere topfolk fra europæiske banker og har oprettet et såkaldt SPAC. Mr. Arnault, 70, is one of the richest men in the world — worth $106.9 billion as of Monday morning, according to Forbes. LVMH is three times larger in market capitalization than its closest rival, Kering (owner of Gucci, YSL and Alexander McQueen), and five times larger than Richemont (owner of Cartier, Chloé and Net-a-Porter). However, Mr. Arnault clearly loves his brands — he is given to stroking the handbags of which he is particularly fond — and will invest in loss-making names for years until he gets the creative balance right. He created the flagship store-as-brand-temple, and embraced the model of taking heritage names deeply embedded in European history and installing buzzy young designers at the top to shake up the image and give them cultural currency. History. Bernard Arnault, the French billionaire and head of luxury goods conglomerate LVMH, is closing in on the title of world’s richest person after his company agreed … The Tiffany store on the Champs-Élysées in Paris. 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