Born in Roubaix in 1949, Bernard Arnault is the son of a builder. Ecole Polytechnique student, he took over the family business, Ferret-Savinel and became the boss in 1978. He alters it in real estate company called Ferinel.
In 1981, he goes into exile in United States where he tries to launch Ferinel. He doesn’t stay for a long time: in 1984 he comes back to France in order to buy the Finance Company Agache-Willot, which controls Marcel Boussac, a conglomerate in failures. Bernard Arnault only keeps the famous store Le Bon Marché and the luxury brand, Christian Dior.
During this period, Bernard Arnault is a “raider”; he takes stake in LVMH capital in the second half of the 80, enjoying hostile takeovers and stock market perturbations.
LVMH is the first global luxury brands group, including Louis Vuitton, Kenzo, Guerlain, Givenchy, Chaumet, Krug… And some medias as Les Echos, Investir or Radio Classique.
Bernard Arnault companies are complex: the holding company, Groupe Arnault SAS, controls Montaigne Finance, which controls Finance Company Agache, which controls 70 % of Christian Dior (listed on the stock exchange), which controls Finance Company Jean Goujon, which controls 47,5% of LVMH (also listed on the stock exchange).
First French fortune with 22.24 billion Euros according to the magazine Challenges, and the fourth worldwide fortune according to Forbes ranking in 2011, Bernard Arnault did not give up investments: real estate, private equity, but also companies listed on the stock exchange. For example, Groupe Arnault has shares of the listed company Rentabiliweb. In the greatest secrecy…
Bernard Arnault knows how surrounding himself: he created in 2006 an investment fund (one billion Euros) with the Belgian financier Albert Frère, one of his friends.
Detail unknown: according to its annual report in 2006, Belholding Belgium SA, one of Albert Frère companies “has for principal assets its shares in Groupe Arnault SAS”. The links between both friends are also business links.
Airy Routier, L'Ange exterminateur, Albin Michel, Paris, 2003
Bernard Arnault, La Passion créative, converses with Yves Messarovitch, Plon, Paris, 2000
Nadège Forestier and Nazarine Ravai, Bernard Arnault or Le goût du pouvoir, Olivier Orban, 1990
Collectif, Patrons et hommes... d'affaires, Les dossiers du Canard n° 55, 1995
Nazanine Ravai, La République des vanités, Grasset, 1997
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|Latest news about Bernard Arnault|| |
|LVMH's Arnault Withdraws Belgian Citizenship Bid - Report|
The chief executive of luxury giant LVMH Moet Hennessy Louis Vuitton SA said Wednesday he has decided to abandon his application for Belgian citizenship, after the move by France's richest man spurred public criticism and played into a nationwide debate over tax policy.
"I don't w
|Arnault Dealt Blow in Bid for Belgian Citizenship|
Belgian prosecutors have advised against granting citizenship to Bernard Arnault, France's richest man and the head of LVMH Moet Hennessy Louis Vuitton , whose request to take on dual nationality helped fuel a debate in France over the government's tax policies on the rich.
|2012 - PARIS (Reuters) - Belgian tax authorities may hand French tycoon Bernard Arnault's file to their Paris counterparts for closer scrutiny of Brussels-based companies linked to his LVMH luxury empire, according to media reports.
|No Project With LVMH's Arnault -Report|
Belgian billionaire Albert Frere has no "concrete" investment project with French-born businessman Bernard Arnault, whose decision to apply for Belgian citizenship spurred a nationwide debate in France over tax policy, Le Figaro newspaper said Tuesday.
Possible investment projects