Bernard Arnault

Bernard Arnault

·       introduction of Bernard Arnault

Bernard Jean Étienne Arnault (French: [bɛʁnaːʁ aʁno]; born five March 1949) may be a French business top executive, associate degree capitalist, and art collector.Arnault is that the chairman and chief officer (CEO) of LVMH, the world's largest luxury-goods company. He is the richest person in Europe and the fourth-richest person in the world according to Forbes magazine, with a net worth of $91.7 billion, as of April 2019. In Gregorian calendar month 2018, he became the richest person in fashion, falling Zara's Amancio Daniel Ortega.

·       Early life

After graduating from the Lycée Maxence Van Der Meersch in Roubaix, Arnault was admitted to the École Polytechnique in Palaiseau, from which he graduated with an engineering degree in 1971.

His father, Jean Leon Arnault, a graduate of École Centrale Paris, was a manufacturer and therefore the owner of the applied science company, Ferret-Savinel

·       Career

After graduation, Arnault joined his father's company, in 1971. In 1976, he convinced his father to liquidate the development division of the corporate for forty million French francs and to vary the main focus of the corporate to property. Using the name Férinel, the new company developed a specialty in vacation accommodation. Named the Director of Company Development in 1974, he became the corporate executive in 1977. In 1979, he succeeded his father as president of the corporate

·       Christian Dior

In 1984, with the assistance of Antoine Bernheim, a senior partner of Lazard Frères, Arnault noninheritable  the Financière Agache, a luxury product company. He became the CEO of Financière Agache and afterwards took management of Boussac Saint-Frères, a textile company in turmoil. Boussac owned  Dior, the retail store autoimmune disorder Bon Italian region, the retail search Conforama, and therefore the diapers manufacturer Peaudouce. He oversubscribed nearly all the company's assets, keeping solely the distinguished Dior whole and autoimmune disorder Bon Italian region retail store.

·       Other investments

From 1998 to 2001, Arnault invested in a variety of web companies such as Boo.com, Libertysurf, and Zebank through his holding Europatweb. Groupe Arnault also invested in Netflix in 1999.

In 2007, Blue Capital proclaimed that Arnault owns collectively with the Calif. property firm Colony Capital noninheritable  ten.69% of France's largest grocery distributor and therefore the world's second-largest food distributor intersection.

In 2008, he entered the yacht business and bought Princess Yachts for 253 million euros.[24] He subsequently took control of Royal van Lent for an almost identical amount.

·       Personal life

Arnault has been married doubly and incorporates a girl and 4 sons. He was married to Anne Dewavrin from 1973 to 1990, and therefore the couple incorporates a girl Delphine and a son Antoine. Arnault married his second adult female, Hélène Mercier, a Canadian pianist from Quebec, in 1991. The couple has three sons, Alexandre, Frédéric, and Jean. Delphine, Antoine, Alexandre and Frédéric all have official roles in brands controlled by Arnault along with his niece Stephanie Watine Arnault.

Arnault was a witness at French President Nicolas Sarkozy's wedding to Cécilia Ciganer-Albéniz.

Arnault owned the 70 m (230 ft) converted research vessel Amadaeus, which was sold in late 2015.His current 101.5 m (333 ft) yacht Symphony was built in the Netherlands by Feadship.

·       Request for Belgian nationality

In 2013, it had been disclosed that Arnault planned to use for Belgian citizenship and was considering moving to Kingdom of Belgium. In Gregorian calendar month 2013, Arnault said that he had been misquoted and that he ne'er meant to go away France: "I repeatedly aforesaid that i'd keep as a resident in France which i'd still pay my taxes.... Today, I decided to remove any ambiguity. I withdraw my request of Belgian nationality. Requesting Belgian status was to higher shield the inspiration that I created with the only purpose of making certain the continuity and integrity of the LVMH cluster if I were to disappear." On ten Gregorian calendar month 2013, Arnault proclaimed that he had determined to abandon his application for Belgian citizenship, saying he did not want the move to be misinterpreted as a live of nonpayment at a time once France visaged economic and social challenges.Arnault also stated that several employees requested to leave France for tax purposes, that he declined their requests, which "the seventy fifth tax wouldn't raise plenty of revenue however ought to prove less factious currently that it had been set to be levied on companies rather than folks and solely thanks to keep in situ for 2 years."

·       Art collector

Arnault's assortment includes work by carver, Yves Klein, Henry Moore, and Andy Warhol.  He was also instrumental in establishing LVMH as a major patron of art in France.

The LVMH Young Fashion Designer was created as an international competition open to students from fine-arts schools. Every year, the winner is awarded a grant to support the creation of the designer's own label and with a year of mentorship.

From 1999 to 2003, he owned Phillips de Pury & Company, an art auction house, and bought out the first French auctioneer, Tajan.

In 2006, Arnault started the building project of the gladiator Vuitton Foundation. Dedicated to creation and contemporary art, the building was designed by the architect Frank Gehry. The Foundation's grand opening at the Jardin d'Acclimatation Paris was held on 20 October 2014.

·       Awards

Commandeur of the Légion d'Honneur (10 February 2007)

Grand Officer of the Légion d'Honneur (14 July 2011)

The Woodrow Wilson Award for Global Corporate Citizenship (2011)

Honorary Knight Commander of the Most Excellent Order of the British Empire (2012)

The depository of recent Art's David John D. Rockefeller Award (March 2014)