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Bernard Arnault: French Socialists
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Rodica Seward, who trained as a Morgan Stanley banker, believed a Paris auction house would be a reasonable investment when French billionaire Bernard Arnault offered it to her in December 2003. The jury is still out.
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Pearson’s likely sale this week of French newspaper Les Echos to billionaire Bernard Arnault has fueled speculation on whether its Financial Times will go the same way. A strike at the leading Parisian business daily was called off Wednesday afternoon despite journalists remaining unsatisfied on responses to their calls to maintain editorial independence if Les Echos is off-loaded. Their action may be one manifestation of analysts’ predictions Pearson could cut back on journalists to fund a joint GE-Pearson bid for Dow Jones.
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RETAILING giant Kingfisher yesterday announced it is to link up with French billionaire Bernard Arnault to launch a free Internet access provider in France. Shares in Kingfisher, which less than two weeks ago announced a £6 billion all-paper takeover of supermarket group Asda, soared 46 to 882p on the news.
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In 1985 she met the French entrepreneur Bernard Arnault and joined him to develop LVMH and Groupe Arnault. She has played an important part in the organizational development of the LVMH Group. She introduced extremely innovative human resources practices and contributed to the modernization of the luxury sector, most notably through the recruitment of senior executives and creative talents, and the foundation of a culture of excellence and of multiple partnerships with the most renowned academic institutions in Europe, the United States and Asia.
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