Bernard Arnault
Some of the key events about Bernard Arnault
- 1976Took over his father's construction company and transformed it into a real estate developer
- 1981Laid off 9,000 workers after acquiring Boussac Saint-Frères textile group
- 1984Acquired the bankrupt textile company Boussac, which owned Christian Dior
- 1984Acquired bankrupt fur company Agache-Willot, leading to significant job losses
- 1987Founded LVMH by merging Louis Vuitton with Moët Hennessy
- 1988Became chairman, CEO, and majority shareholder of LVMH
- 1990Faced criticism for aggressive business tactics in acquiring LVMH
- 1999Acquired Guerlain, expanding LVMH's presence in the perfume and cosmetics sector
- 1999Attempted hostile takeover of Gucci, leading to a protracted legal battle
- 2001Acquired Donna Karan International, further strengthening LVMH's fashion portfolio
- 2001Sued by shareholders for alleged stock manipulation during LVMH's acquisition of Gucci
- 2005Fined €1 million by French stock market regulator for share price manipulation
- 2011Acquired Bulgari, significantly expanding LVMH's presence in the jewelry market
- 2012Criticized for seeking Belgian citizenship, allegedly to avoid French wealth taxes
- 2017Announced a €2 billion investment in digital technology across LVMH's brands
- 2017Faced backlash for praising Donald Trump's economic policies
- 2019Acquired Tiffany & Co. for $16.2 billion, the largest deal in the luxury goods sector
- 2019Delayed donating to Notre-Dame restoration, initially pledging €200 million but later reducing it
- 2021Became the world's wealthiest person, surpassing Jeff Bezos
- 2022Briefly surpassed Elon Musk as world's richest person, drawing criticism about wealth inequality
Disclaimer: This material is written based on information taken from open sources, including Wikipedia, news media, podcasts, and other public sources.
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