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ZURICH: BlackRock (pic) and Jean-Pierre Mustier's blank-check firm are among investors expressing interest in Credit Suisse's asset management arm, three sources told Reuters, as the Swiss lender explores options for the unit after a run of costly scandals.
KUALA LUMPUR: New Malaysian entrants to the Forbes world's billionaires list this year include the Tan brothers of MR DIY Group (M) Bhd, Westports Holdings Bhd's Tan Sri G Gnanalingam and Greatech Technology Bhd co-founder and CEO Tan Eng Kee.
Buffett's net worth, as measured by Forbes magazine, comes almost entirely from owning about one-sixth of Berkshire, a roughly $600 billion company.
PARIS: A top executive at Louis Vuitton and one of Bernard Arnault’s sons are set to take over management of Tiffany & Co after the biggest acquisition in the luxury industry by LVMH.
NEW YORK: The holiday blessing that Tiffany & Co shareholders gave to sell the storied jeweller to LVMH pushes the contentious transaction closer to the finish line, giving billionaire Bernard Arnault the long-sought pathway to expand his global collection of luxury brands.
PARIS: U.S. jeweler Tiffany & Co has agreed with LVMH to slightly lower the price of its acquisition by the French luxury goods group, ending a bitter legal dispute between the two, the companies said on Thursday.
ELON Musk’s net worth plunged $16.3 billion Tuesday, the largest single-day wipeout in the history of the Bloomberg Billionaires Index, as the Tesla Inc. rout continued.
PARIS: LVMH has announced the appointment of Frédéric Arnault (pic) as CEO of TAG Heuer from July 1 onwards.
PARIS: France's business elite closed ranks around publishing group Lagardere on Monday with LVMH's Bernard Arnault and Vivendi's Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital.