LYCOS RETRIEVER 
Bernard Arnault
built 193 days ago
Bernard Arnault is a household name in France, where he heads luxury conglomerate LVMH Moet Hennessy Louis Vuitton and is one of the country's richest people, with an estimated net worth of $6 billion. But until recently, few knew that Arnault, 50, is Europe's leading financial angel for Internet startups. After quietly taking stakes in several ventures such as London-based e-retailer boo.com, Arnault in July announced the creation of Europ@web, an investment fund that will pump more than $500 million into e-ventures. In a recent interview with Carol Matlack of Business Week's Paris bureau, Arnault talked about his plans and the opportunity he sees to shape the future of e-business in Europe. Here are edited excerpts:
Source:
Bernard Arnault is the chief executive officer of LVMH Moet Hennessy Louis Vuitton SA, the world's largest luxury-goods company. He entered LVMH as a private investor and became the chairman after gaining control of a 43 percent stake in 1989. He bought fashion brands from Givenchy to Christian Lacroix and Kenzo and added Chateau d'Yquem to its wine portfolio in 1996.
Source:
French billionaire Bernard Arnault has told France's culture minister he will make an announcement next week about his plan to buy business daily Les Echos and on the future of rival La Tribune, which he owns. via Scotsman.com
Source:
Bernard Arnault made it his business to own the most attractive names across the spectrum of luxury goods, cosmetics, and beverages. As chairman and CEO of Moét Hennessy Louis Vuitton (LVMH), he had an intense drive and seemingly insatiable corporate appetite that earned him a reputation as a financier interested only in profits. Yet those who dismissed him as an angry caricature missed the point; his shrewd moves proved that his expertise in brand management was unmatched by the competition. In 2002 LVMH had $13 billion in sales, distributing luxury products that included Dom Perignon and Moét & Chandon champagnes; Hennessy and Hines cognacs; Louis Vuitton and Loewe luggage, leather goods and accessories; Christian Dior and Givenchy perfumes and cosmetics. LVMH ... had interests in the DFS and Sephora retail groups.
Source:
ART RUSH: First François Pinault, then Bernard Arnault, and now the Maramottis, who own MaxMara, are joining the fashion crowd opening their own museums. Theirs, Collezione Maramotti, is scheduled to open this fall and will be dedicated to the family's collection of contemporary art, ranging from Giorgio Morandi and Julian Schnabel to Giorgio De Chirico and Gerhard Richter. The museum will be located in a remodeled MaxMara manufacturing plant in Reggio Emilia, the Italian town where the company has its headquarters. The Maramottis commissioned a series of permanent works by top artists such as Sol LeWitt and Robert Morris in Reggio Emilia in 2004, and set up the MaxMara Art Prize for Women two years ago.
Source:
Now at the head of Financière Agache Private Equity (Groupe Arnault *) Jean-Marc Espalioux has his revenge by acquiring majority stake in Govoyages.com. This acquisition came along with the announcement of very good results for Govoyages.
Source:
MORE ABOUT
Bernard Arnault