Arnault tightens grip on LVMH

Arnault started the brand in 1987 and has grown it to become France’s largest company, with a market capitalisation of €302bil.

FRENCH billionaire Bernard Arnault has long sought to tighten his control over LVMH, the luxury conglomerate he founded almost four decades ago. This year, his efforts have gone into overdrive. 

Over a period of eight months starting in February, the 76-year-old quietly bought roughly €1.4bil (US$1.6bil) worth of LVMH shares, according to Paris stock market filings.