BERNARD ARNAULT news and archive

Lyst confirms LVMH funding round

London - LVMH has successfully led a new round of financing for Lyst, as the global fashion search platform aims to expand its presence online. The announcement confirms weeks of speculation that the luxury group was raising fresh capital for Lyst and sees LVMH's head of digital, Ian Rogers, join the board at Lyst. The investment will be used to...

loading...

Report

Bernard Arnault overtakes Amancio Ortega in Forbes Billionaires 2018 ranking

London - They say crime doesn’t pay, but working in fashion certainly does, as Bernard Arnault, CEO, and Chairman of luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE, becomes the fourth richest man in the world. His luxury company, which owns leading fashion houses such as Louis Vuitton, Fendi and Givenchy enjoyed one of its best years to...

loading...

Business

Belgian prosecutors close investigation into Bernard Arnault

Belgian prosecutors said on June, 22 they have closed an investigation into a 2.9 billion euro capital increase in a Belgian company owned by billionaire and chief executive of LVMH (LVMH.PA) Bernard Arnault. According to the court report, prosecutors in charge of the case concluded that Arnault has accepted a deal to end the case opened in 2012...

loading...

Report

Belgian prosecutors close investigation into Bernard Arnault

Belgian prosecutors said on June, 22 they have closed an investigation into a 2.9 billion euro capital increase in a Belgian company owned by billionaire and chief executive of LVMH (LVMH.PA) Bernard Arnault. According to the court report, prosecutors in charge of the case concluded that Arnault has accepted a deal to end the case opened in 2012...

loading...

Business |INTERACTIVE MAP Featured

Rich List: Top 10 Billionaires in Fashion 2017

The fashion industry is an ever-changing sector where anything goes. One year, your brand could be the most coveted and desirable it-brand, the next year it could be on the brink of bankruptcy. However, there are a few famed fashion houses and retailers who have fought against the odds and continue to deliver designs that satisfy their consumers...

loading...

Management |INTERACTIVE MAP

Rich List: Top 10 Billionaires in Fashion 2017

The fashion industry is an ever-changing sector where anything goes. One year, your brand could be the most coveted and desirable it-brand, the next year it could be on the brink of bankruptcy. However, there are a few famed fashion houses and retailers who have fought against the odds and continue to deliver designs that satisfy their consumers...

loading...

ManagementFeatured

LVMH set to unite luxury & digital in multi-branded ecommerce platform

London - Although Bernard Arnault, CEO of luxury conglomerate LVMH, may still regret not investing in Microsoft early on, he is keen to ensure he does not make the same mistake in snubbing technology and is set to make the big move online. LVMH is reportedly set to launch its own multi-brand e commerce platform sometime this month, which will...

loading...

Business |OPINION Featured

What Donald Trump Can Learn from LVMH’s Bernard Arnault

“What I love is to win. What I love is being number one…Business is very exciting. That moment when you’re about to do a huge deal and you’re not sure if it’s going to happen or not…” You might think these words were lifted straight out of Trump’s 1987 book “The Art of the Deal” but they were spoken by Bernard Arnault in a 2015 interview with...

loading...

People

Interactive Chart: Top 10 Richest People in Fashion of 2016

London - As the end of the year draws ever closer, FashionUnited takes a moment to reflect back on 2016. Fashion has always been a big business, but this year saw some of the richest individuals working in fashion become even richer, in spite of economical and political uncertainties sweeping across the globe. Unsurprisingly, the title of the...

loading...

PeopleFeatured

Fashion’s Wealthiest: Top 10 Richest People of 2016

London - “I think that fashion has become such a big business and with globalisation we are on new territory at this point. We are not just designing for a country we are designing for a world now,” said American fashion designer Anna Sui in an interview with CNN in 2006. Ten years later, and the business of fashion continues to boom. Fashion is...

loading...

ManagementFeatured

LVMH expands portfolio with acquisition of Rimowa

London - Luxury conglomerate LVMH has acquired an 80 per cent stake in German premium luggage manufacturer Rimowa for 640 million euros (716 million dollars), as the French company continues to diversify its portfolio. The agreement sees Dieter Morszeck, grandson of the founder of Rimowa, sell a majority stake to LVMH Group, while retaining a...

loading...

Culture

LVMH Bernard Arnault breaks silence in hit documentary

France's richest man, LVMH boss Bernard Arnault, broke his silence Thursday on a hit documentary in which the little guys take him on -- and end up laughing all the way to the bank. "For 20 years we have been the object of criticism by groups from the extreme left. We are used to this kind of criticism," Arnault told a shareholders meeting of...

loading...