Word: arnault
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Dates: during 2000-2009
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...many women in positions of power. I think that's really more interesting than talking about one person," she says. But people are interested in Bravo, who in July topped the European executive-compensation list, having earned $9.2 million in 2002, surpassing Tom Ford and LVMH chairman Bernard Arnault (who remains France's richest man despite his $1.59 million take-home). So she agrees to set the record straight on some Bravo chatter. "No on the workaholic. If you're passionate about something, then it doesn't feel like work, does it?" She fine-tunes her style radar by reading...
...fashion-obsessed daughter of Bernard Arnault, chairman of the luxury-goods company LVMH Moet Hennessy Louis Vuitton, Delphine Arnault has long had a front-row seat at LVMH fashion shows. But last fall her father decided that the time had come for her to have a front-row seat in his LVMH business dealings too. Delphine, 28, was appointed to the board of LVMH, becoming the only woman alongside...
Bringing a young and inexperienced family member onto the board of a public company can be touchy in the U.S., but in France it is common practice, and company insiders say Arnault had no qualms about it. Through a complex holding structure, the family owns 65% of the voting rights and 48% of the capital of LVMH. With Delphine, the family has three of the 16 board seats; Bernard Arnault's father Jean, 83, is the third. If Delphine can prove herself, she could be well placed to succeed her father one day. But Dad's only 54 and shows...
When the lights went down after John Galliano's 18-karat Christian Dior haute couture show in Paris, a pack of paparazzi nearly trampled Bernard Arnault, chairman of Dior's owner LVMH, (Moet Hennessy Louis Vuitton), as they lunged for Sarah Jessica Parker. "Please, please tell Mr. Galliano I am so sorry, but I can't go backstage," she said as they snapped away. Parker was too busy putting on her own fashion show across town at the Hotel Plaza Athenee, where she was filming the final episode of Sex and the City...
Muzzling Stock Analysts Who will dare say anything bad about a French company again? That question is unnerving stock-market analysts following a one-two punch last week. The Paris Commercial Court fined Morgan Stanley €30 million for harm done to LVMH, Bernard Arnault's luxury-goods firm. LVMH argued that Morgan Stanley, which has worked for rival Gucci, issued biased reports against it. (The firm will appeal.) A day later, catering giant Sodexho called in French regulators after a Citigroup Smith Barney report sent its stock reeling. Both LVMH and Sodexho said they were protecting themselves against erroneous...