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Bernard Arnault
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Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Bernard Arnault, chief executive of parent LVMH.
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May 3- Colony Capital, the $27 billion U.S. investment fund attracting controversy in France over its involvement in Carrefour and Accor, will invest up to 1.5 billion euros in Europe on a bet the business climate will soon improve.
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*Southern Europe weak, Brazil strong, China improving. PARIS, April 18- Carrefour, Europe's biggest retailer, sees little sign of economic improvement in the austerity-stricken continent after falling demand in Spain and Italy and weakening trade in its core French market held back first-quarter sales.
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PARIS, April 10- Bernard Arnault, France's richest man, has abandoned attempts to obtain Belgian nationality and will keep paying tax in his native country after months of speculation that he, like movie star Gerard Depardieu, wanted to dodge a 75- percent supertax.
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PARIS, March 13- Christophe Lemaire has spent the past three years designing dresses for Hermes. Fuelling the bull market for young designers is executives' conviction that demand for luxury goods is strengthening further in markets like China and the United States, especially for the kind of fresh looks that only new blood can create.
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MADRID, March 4- Spain's Amancio Ortega, elevated by Forbes to become the third richest person in the world, may have discovered fashion's secret of eternal youth. The aggressively managed Inditex has more than 6,000 stores in some 90 countries and includes such brands as Ortega's flagship Zara, Zara Home, Massimo Dutti and others.
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NEW YORK, March 4- Spain's Amancio Ortega, the co-founder of the Inditex fashion group, leapt over Warren Buffett and France's Bernard Arnault to become the world's third richest person on Forbes' 2013 annual ranking of billionaires, with an estimated net worth of $57 billion.
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Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Bernard Arnault, chief executive of parent LVMH.
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PARIS, Jan 31- Louis Vuitton, the world's biggest luxury brand in terms of sales, is planning to dampen its expansion worldwide and focus on high-end products to preserve its exclusive image, said Bernard Arnault, chief executive of parent LVMH.
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PARIS, Jan 21- The U.S. market for high-end luxury goods rebounded in 2012 as consumer sentiment improved, the head of Christian Dior, one of France's biggest fashion brands, said on Monday.
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Jan 21- In February 2008, Thomas Minder, a Swiss businessman whose family-owned company is best known for its old-fashioned herbal toothpaste, attacked his banker, UBS Chairman Marcel Ospel, as if he were a form of stubborn plaque. At a shareholders' meeting in Basel, he stormed the podium as Ospel addressed the crowd.
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The world's largest luxury company said Jordi Constans would be replaced by Michael Burke, chief executive since February of Bulgari, the Italian jeweller that LVMH added to its stable last year. Group CEO Bernard Arnault added in a statement that Burke had "enormous experience" and "knows Louis Vuitton well".
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The French actor, accused by French government leaders of being "pathetic" and unpatriotic in trying to dodge taxes by buying a house over the border in Belgium, has hit back at politicians.
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Actor Gerard Depardieu's decision to establish residency in Belgium, which does not have a wealth tax, by buying a house just over the border with France, is "pathetic" and unpatriotic, French Prime Minister Jean-Marc Ayrault said on Wednesday.