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Corporate News 26 Apr 2017 | 12:00 AM

LVMH to gain control of Dior after US$13bil Arnault deal

PARIS: French billionaire Bernard Arnault moved to consolidate control over Christian Dior for about 12.1 billion euros (US$13.2bil), folding the fashion house’s operations into the LVMH luxury empire in one of his biggest transactions.

World 18 Apr 2019 | 8:12 PM

LVMH's billionaire boss Arnault defends Notre-Dame donations

PARIS (Reuters) - France's richest man Bernard Arnault hit out on Thursday at critics of his rush to donate tens of millions of euros to the restoration of Notre-Dame cathedral, saying he would not benefit from tax breaks and branding the sniping as petty.

World 16 Apr 2019 | 2:55 PM

Billionaire Arnault's family and LVMH to donate 200 million euros for Paris' Notre-Dame

PARIS (Reuters) - French billionaire businessman Bernard Arnault's family and his LVMH luxury goods group will donate 200 million euros (172.7 million pounds) to help repair Paris' Notre-Dame cathedral, said a statement issued on behalf of Arnault.

World 03 Dec 2018 | 10:08 PM

Swedish court adds second rape conviction for man in Nobel scandal

STOCKHOLM (Reuters) - A Swedish appeals court on Monday found Jean-Claude Arnault, the man at the centre of a sex scandal that forced the postponement of this year's Nobel Prize in Literature, guilty of an additional rape and increased his prison term.

World 04 Oct 2018 | 7:50 PM

Man at centre of Nobel scandal appeals rape verdict, Swedish newspaper reports

STOCKHOLM (Reuters) - Jean-Claude Arnault, the man at the centre of a scandal that rocked the academy which awards the Nobel Prize for literature, has appealed against a conviction for rape that grew out of the scandal, media reported on Thursday.

Business 02 Feb 2013 | 12:00 AM

Louis Vuitton slows down expansion to protect image

PARIS: 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, according to Bernard Arnault, chief executive of parent LVMH.