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Business Bernard Arnault

  • PARIS, Sept 20- LVMH, the world's largest luxury group, will invest more to improve its environmental credentials as fashion businesses seek to reassure shoppers who are increasingly drawn to eco-friendly brands, it said on Wednesday. LVMH, which owns fashion house Louis Vuitton and champagne maker Moet& Chandon among its 70 businesses, said its companies would...

  • *Jardin d'Acclimatation lies in western Paris. PARIS, Aug 29- Luxury goods giant LVMH is to lead a 60 million euros plan to turn the capital's 157 year-old Jardin d'Acclimatation into one of France's top three amusement parks. Paris officials last year renewed LVMH's concession for the 18- hectare Jardin d'Acclimatation in the west of the city, opening the way...

  • BRUSSELS, June 22- Belgian prosecutors said on Thursday they have closed an investigation into a 2.9 billion euro capital increase in a Belgian company owned by billionaire and chief executive of LVMH Bernard Arnault. Arnault has accepted a deal to end the case opened in 2012 against Pilinvest, a holding company in Belgium, "without any prejudicial admission of...

  • Bubble is building, warns LVMH CEO Arnault

    CNBC's Arjun Kharpal reports from the VivaTech conference in Paris, France, with comments from LVMH CEO Bernard Arnault on global stock prices.

  • PARIS, June 15- Carrefour shareholders on Thursday voted to grant a second board seat to Peninsula, the family holding company of Brazilian billionaire Abilio Diniz, who is the French retailer's third-largest shareholder. More than 79 percent of votes cast at Carrefour's annual shareholders' meeting approved the resolution relating to the appointment of...

  • PARIS, June 7- Fresh from combining Fnac bookstores and electricals chain Darty to better take on Amazon in France, Alexandre Bompard faces the challenge of reviving another ailing retail format when he becomes boss of Carrefour: the hypermarket. "Alexandre Bompard made thousands of calls himself. The 68- year-old, credited with saving Carrefour from a...

  • *Website to go live on June 6. PARIS, May 10- LVMH is launching a multi-brand e-commerce website inspired by its exclusive Parisian department store Le Bon Marche, as the world's biggest luxury goods group steps up the digital side of its business. LVMH, controlled by French billionaire Bernard Arnault, said the new site would go live on June 6 in more than 70...

  • PARIS, April 27- Hermes said sales growth accelerated in the first quarter, beating expectations, as more Asian and American shoppers bought its Constance and Lindy bags, adding to evidence of a recovery in the luxury goods industry. The French luxury goods group, also known for its $10,000 Birkin bags and $400 printed silk scarves, joined larger rivals LVMH and...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70- year-old fashion label worn by...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as the focus shifted back to fundamentals and away from politics, for now, with the pan-European STOXX 600 index scoring its fifth straight session of gains. "You've got all these positive factors in Europe's favor, but the problem is of course that we have had some political...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods empire as part of a 12 billion euro move to simplify his business interests- a restructuring long demanded by other investors. The deal will unite the 70 year old fashion label worn by...

  • A model walks the runway during the Christian Dior show at Paris Haute Couture Fashion Week at the Musée Rodin on July 7, 2014 in Paris, France.

    LVMH plans to buy out minority shareholders in Christian Dior, a transaction aimed at boosting LVMH's earnings.

  • *LVMH to buy Christian Dior Couture for 6.5 bln euros. PARIS, April 25- French billionaire Bernard Arnault will combine the Christian Dior fashion brand with his LVMH luxury goods group as part of a 12 billion euro move to simplify his business interests, a restructuring long demanded by other investors. That will unite the 70 year old fashion label worn by film...

  • *France's CAC pauses for breath. LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. "You've got all these positive factors in Europe's favour, but the problem is of course that we have had some political road bumps to contend with this year," Ken Odeluga,...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • LONDON, April 25- Deal-making and earnings underpinned European stock markets on Tuesday as focus shifted back to fundamentals and away from politics, for now. France's CAC 40, which rallied more than 4 percent on Monday after centrist Emmanuel Macron won the first round of the French presidential election, was flat. LVMH and billionaire businessman Bernard...

  • PARIS, April 25- Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings. "The corresponding transactions will allow the simplification of the structures, long requested by the...

  • LVMH CEO issues luxury warning for 2017

    LVMH CEO Bernard Arnault warns of impending doom on luxury retail for 2017. CNBC's Courtney Reagan reports.