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LVMH

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.

October 4, 2012

The chair of France’s market regulator reckons LVMH, the luxury group controlled by Bernard Arnault, did not engage in insider trading when building up a stake in fellow family business Hermes.

The chair of France’s market regulator reckons LVMH, the luxury group controlled by Bernard Arnault, did not engage in insider trading when building up a stake in fellow family business Hermes.

Paris-based LVMH, owner of Louis Vuitton, bought its first 14% stake in Hermes in 2010, which it later raised to more than 20%.

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.

April 19, 2012

French luxury company LVMH has not been in contact with perfume and makeup retailer Douglas Holding about taking a stake in the family business, despite a media report to the contrary.

French luxury company LVMH has not been in contact with perfume and makeup retailer Douglas Holding about taking a stake in the family business, despite a media report to the contrary.

February 8, 2012

The Bulgari family has sold almost 4.5 million shares in French luxury goods group LVMH less than a year after it became the conglomerate's second biggest family shareholder.

The Bulgari family has sold almost 4.5 million shares in French luxury goods group LVMH less than a year after it became the conglomerate's second biggest family shareholder.

Brothers Paolo and Nicola Bulgari, the grandsons of Sotirio Bulgari, who founded the eponymous Italian jeweller, and their nephew Francesco Trapani together sold about a third of the family's LVMH stake, which it acquired after a share swap with the Paris-based group last year.

December 21, 2011

LVMH, the French luxury goods group controlled by the Arnault family, has further increased its stake in fellow family business Hermes and now controls 22.28% of the bag-maker’s shares and 16% of its voting rights.

LVMH, the French luxury goods group controlled by the Arnault family, has further increased its stake in fellow family business Hermes and now controls 22.28% of the bag-maker’s shares and 16% of its voting rights.

According to a filing with France’s stock market regulator Autorite des Marches Financiers, the Paris-based luxury group raised its stake in Hermes to 23,518,942 shares on 15 December.

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 18, 2011

Luxury group LVMH has announced strong third-quarter sales that beat analysts’ expectations, buoyed by good results at Italian jewellery house Bulgari, the family business it bought this year.  

Luxury group LVMH has announced strong third-quarter sales that beat analysts’ expectations, buoyed by good results at Italian jewellery house Bulgari, the family business it bought this year.

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.

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