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Bernard Arnault

April 27, 2017

Arnault family restructures holdings, sells Hermes stake; Lotte Group to reduce cross-shareholdings by 73% in simplification drive; JAB Holdings luxury arm mulls sale of Jimmy Choo and Bally

Arnault family restructures holdings, sells Hermes stake
France’s Arnault family is to pay €12.1 billion ($13.2 billion) for the minority stake in iconic French fashion house, Christian Dior, it does not yet control and sell its stake in family-controlled rival Hermes.

Arnault Family Group, who controls the world’s largest luxury company LVMH, said the move was part of a two-step simplification of its holding structures in response to market demands.

December 28, 2016

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

Politically, 2016 has been a rollercoaster year with Britain voting to leave the European Union and Donald Trump becoming the world’s most powerful (family business) leader. Away from politics, in 2016 many family enterprises have been wrangling with the ever-present challenge of succession or exploring artificial intelligence, while we farewell Mars family patriarch Forrest E. Mars Jr. Take a look at the top 10 family business themes of 2016 as selected (in no particular order) by CampdenFB’s editorial team.

January 7, 2016

French family office Groupe Arnault and the eponymous family’s luxury fashion empire LVMH are joining forces with US-based private equity firm Catterton to launch a new global consumer-focused investment firm, L Catterton. 

French family office Groupe Arnault and the eponymous family’s luxury fashion empire LVMH are joining forces with US-based private equity firm Catterton to launch a new global consumer-focused investment firm, L Catterton.

With six distinct fund strategies and expectations to have $12 billion worth of assets under its management once the transaction has been finalised, L Catterton is set to become the largest consumer-focused firm of its kind.

July 31, 2015

Lotte Group ousts 92-year-old founder; LVMH posts second-quarter revenue rise of 23%; and Sweden’s Ikea buys forest in Romania

Lotte Group ousts 92-year-old founder

The board of directors at South Korean-Japanese conglomerate Lotte Group voted this week to remove general chairman and founder Shin Kyuk-ho from his post, Japanese media reported.

The move is seen as part of a power struggle between the founder’s two sons, Dong-joo and Dong-bin, who own comparable stakes in the company, and are vying for control of the 90 trillion won ($77 billion) business.

November 5, 2014

As the average life expectancy increases, the concept of an executive heading a family business well into their octogenarian years or even beyond is becoming more plausible and more common. So how does a young next-gen convince someone who has built up a family business empire that it is his or her chance to shine?

The world of family businesses is full of stories of the next generation struggling to deal with domineering parents and trying to find the courage to speak out. There’s the very public and long-running spat within Australia’s Rinehart family, which saw Gina Rinehart’s children trying to remove her as trustee of their multi-billion-dollar family trust.

March 5, 2014

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

A reclusive second-gen to Chinese real estate agent Logan Properties has been declared the youngest billionaire on the planet by Forbes World’s Billionaires List, which includes a number of family business members.

At age 24, Hong Kong native Perenna Kei is an 85% shareholder in the family business and a non-executive director. Her father, Ji Haipeng, is chairman and chief executive of the company.

September 4, 2013

French luxury group LVMH has announced it is abandoning its appeal against the record-breaking fine it incurred for its secret stake in rival luxury house Hermes.

French luxury group LVMH has announced it is abandoning its appeal against the record-breaking fine it incurred for its secret stake in rival luxury house Hermes.

LVMH remained defiant, however, saying in a statement that it still disputed the ruling but had to consider the time and cost of further proceedings and focus on the management of its slice of Hermes.

Bernard Arnault's giant was hit with an €8 million penalty from the French financial regulator Autorite des Marches Financiers in early July for failing to comply with disclosure rules.

June 26, 2013

French luxury goods group LVMH has announced Delphine Arnault will take a top role at Louis Vuitton – one of the largest luxury brands in the world.

French luxury goods group LVMH has announced Delphine Arnault will take a top role at Louis Vuitton – one of the largest luxury brands in the world.

Her father, Bernard Arnault, is the chairman and chief executive of LVMH and the wealthiest person in France. The group is responsible for 60 luxury brands that span fashion, watches and champagne.

Arnault, 38, currently works as deputy general manager at Dior – the majority shareholder in LVMH – but will take up her new post in September. Her new position will be similar to her role at Dior.

May 1, 2013

Luxury goods giant LVMH is sponsoring the digital restoration of classic 1960s French film The Umbrellas of Cherbourg, which will be shown at the Cannes Film Festival.

Luxury goods giant LVMH is sponsoring the digital restoration of classic 1960s French film The Umbrellas of Cherbourg, which will be shown at the Cannes Film Festival.

The film (a still from the film, pictured), which was directed by Jacques Demy in 1964 and starred Catherine Deneuve, won the Palme d'Or at Cannes in 1964. It was nominated for five Oscars.

LVMH says the move is part of its commitment to the cultural and creative heritage of France and Europe.

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