Vimeo
LinkedIn
Instagram
Share |

Bernard Arnault

April 11, 2013

Bernard Arnault, second-gen chief executive of LVMH and France's richest man, has withdrawn his application for Belgian citizenship following continued accusations that he was trying to avoid the new 75% tax levied on incomes of more than €1 million.

Bernard Arnault, second-gen chief executive of LVMH and France's richest man, has withdrawn his application for Belgian citizenship following continued accusations that he was trying to avoid the new 75% tax levied on incomes of more than €1 million.

"I explained several times that I would remain a resident in France and that I would continue to pay my taxes there. In vain – the message did not get through," Arnault told French newspaper Le Monde in an interview on 10 April.

January 25, 2013

Bernard Arnault’s complicated fiscal dealings in Belgium are all designed to keep luxury goods giant LVMH well under the Arnault family's control and not to avoid France’s proposed 75% super-tax, according to the company.

Bernard Arnault’s complicated fiscal dealings in Belgium are all designed to keep luxury goods giant LVMH well under the Arnault family's control and not to avoid France’s proposed 75% super-tax, according to the company.

The response from LVMH came as the patriarch of French industry again faced attack from the French public after further details of his financial plans and efforts to gain Belgian citizenship were revealed.

September 6, 2012

Families will feud. They will feud between themselves and with other families. These feuds can get pretty nasty, and when there’s money and power involved the nastiness often gets aired in public.

Families will feud. They will feud between themselves and with other families. These feuds can get pretty nasty, and when there’s money and power involved the nastiness often gets aired in public.

So it is with two of France’s most powerful families – the 70-plus family members behind Hermes and the Arnaults, or more specifically, the patriarch, Bernard Arnault. Arnault and his family control more than 40% of the world’s biggest luxury products business, LVMH.

March 8, 2012

The top 20 richest people in the world are collectively worth $634 billion (€479 billion) and over half owe their fortunes to family businesses.

The top 20 richest people in the world are collectively worth $634 billion (€479 billion) and over half owe their fortunes to family businesses.

That’s according to the latest Forbes billionaires list, released on 7 March, which showed that 14 of the top 20 on the list had family-controlled groups responsible for their wealth.

December 10, 2011

When you’re the head of a luxury conglomerate like LVMH, there’s a certain upmarket reputation to uphold. So it’s of little wonder that chief executive Bernard Arnault is reportedly in talks to buy property on London’s exclusive Bond Street. 

When you’re the head of a luxury conglomerate like LVMH, there’s a certain upmarket reputation to uphold. So it’s of little wonder that chief executive Bernard Arnault is reportedly in talks to buy property on London’s exclusive Bond Street.

The family business is looking at a trio of shops on the street, including its flagshop Louis Vuitton store at 17-20 Bond Street, according to reports.

October 13, 2011

LVMH’s Arnault family has taken majority control of Heng Long, the crocodile leather supplier owned by the Koh family, in what is the luxury goods company’s second purchase this year of a top-end family business.

LVMH’s Arnault family has taken majority control of Heng Long, the crocodile leather supplier owned by the Koh family, in what is the luxury goods company’s second purchase this year of a top-end family business.

Paris-based LVMH, chaired by Bernard Arnault, said in a statement that it will own 51% of Heng Long, while the founding Koh family will reduce its stake to 49% from its earlier 74% ownership of the Singapore-based company.

September 15, 2011

Jordi Constans is set to join family business LVMH as the chief executive of the luxury group’s flagship brand Louis Vuitton. 

Jordi Constans is set to join family business LVMH as the chief executive of the luxury group’s flagship brand Louis Vuitton.

Constans, previously executive vice-president of fresh dairy products at French yoghurt company Danone, will take over from Yves Carcelle - credited with turning Louis Vuitton into a globally recognisable brand.

August 30, 2011

The luxury sector continues to be highly profitable for the family businesses operating within it with the latest results from top shoemaker Salvatore Ferragamo confirming the boom.

The luxury sector continues to be highly profitable for the family businesses operating within it with the latest results from top shoemaker Salvatore Ferragamo confirming the boom.

August 2, 2011

The Bulgari family will not receive any more from LVMH for its shares of its luxury accessory company, despite rumours to the contrary, according to LVMH.

The Bulgari family will not receive any more from LVMH for its shares of its luxury accessory company, despite rumours to the contrary, according to LVMH.

Following a report in daily Italian newspaper Il Sole 24, LVMH dismissed suggestions that it was planning to increase its price offer for Bulgari shares.

“LVMH categorically denies the unfounded and misleading rumors that LVMH could be obliged to increase the price of its offer on Bulgari," the company statement read.

Click here >>
Close