Quotes- Bernard Arnault

Bernard Arnault moved from real estate to luxury goods. He first acquired the Financiere Agache, a luxury goods company, and won the bidding for Boussac Saint-Frère, the textile and retail conglomerate that contained the brand, Christian Dior. Arnault worked with Alain Chevalier, CEO of Moët Hennessy, and Henry Racamier, president of Louis Vuitton, and formed LVMH in 1987. After he assumed a leadership role in LVMH, buying the majority of its stakes, Bernard Arnault worked towards increasing the market share of LVMH by a factor of 15 and the profit rose by a factor of 5. LVMH, under him, went on acquiring spree and bought many reputed brands like Guerlin, Lowe,Marc Jacobs, Thomas Pink, Fendi, Givenchy, and many more to become the world’s largest luxury and fashion conglomerate.

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Author: Abhishek