Bernard Arnault
May 18, 2025 - 5:37 pm
Bernard Arnault is primary shareholder, chairman and Chief Executive Officer for the company Moet Hennessy Louis Vuitton. This company deals on producing and marketing a verity of luxury goods. This includes the very popular brand like Moet champagne, Christian Dior, Dom Perignon, and Louis Vuitton.
He was born March 9, 1949. He has grown up in Roubaix in the north side of the France. He has done his graduation and attended Ecole Polytechnique, an engineering school and he has helped his family‘s construction and property business form. The company Ferret-Savinel surged under the Amault’s supervision and began building the time shares on the French Riviera. Amault and his family has moved to United States after the French Socialist has rise to power in the year of 1981 where he has continued his construction business in Palm Beach, Florida.
In the year 1983 the political situation has been changed and again Amault and his family has been backed to the France. He has taken the struggling textile firm name of Boussac. Boussac owned the brand Christian Dior. The French government was looking for someone who can acquire the company and Bernard Arnault has invested some $15 millionn of his won money and some additional money to from the finances to buy it. His entire intension behind the acquisition was to get a control of the Dior label and gain a foothold in the luxury market.
Arnault has started to sell the various divisions to begin his empire which has nothing to do in the luxury market. He has bought 24% of shares of the LVMH Company with the sold money. After the battle with the executive staffs, he has taken the power and he has started his work to change the vision of the company.
He has started to rebuild the company with the creative designers that were emerging the France. In according to this change he has hired the new designer called as John Galliano. He has started to acquire brands throughout the 1990s. He has purchased luxury names as such as Givenchy, Tag Heuer, Sephora and number of wine and sprit label. He has criticized for his large conglomerate.
In the 21st century, the changing economics Bernard Arnault found that in the world much of are not purchasing the luxury goods. As a result many of the brands from LVMH Company was struggling to make money but he has continued to provide the quality and luxury while realizing that some of his brands and stores needed to downsized.
