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...accounts, 36.8 million of the 51.6 million PPR shares owned by Artémis were pledged to banks at the end of last year. A significant cause of these woes dates back to September 2001, when Pinault won a ferocious two-year fight with another French tycoon, Bernard Arnault, for control of the Italian fashion firm Gucci. Victory seemed sweet, but it carried a $7 billion price tag. The timing could not have been worse. The day after the deal was signed, al-Qaeda slammed planes into Manhattan's World Trade Center, crushing the already fragile economy. With hindsight...

Author: /time Magazine | Title: Pinault's Big Sale | 6/8/2003 | See Source »

...clothes were packed with Galliano's notoriously wide-ranging references - from punk to pregnant Kate Moss to Marilyn Monroe (a New York city-sidewalk grate blew air up from below to recreate the Marilyn effect). Before putting pen to sketch pad, Julien Macdonald had a long conversation with Bernard Arnault, chairman of LVMH, and Yves Carcelle, the man in charge of its fashion brands. "We decided it was time to explore new territory," said Carcelle. That meant Macdonald could break away from Givenchy traditions and do his own thing. Before the backdrop of a city skyline, Macdonald showed off couture...

Author: /time Magazine | Title: Haute Couture Evolves | 7/14/2002 | See Source »

...junior midfielder Bobby Thompson opened up the scoring in the sixth minute of play, taking a pass from Bill Arnault before chipping a shot that dropped in over Roth. Martin Cantillo also assisted on the play...

Author: By Anastasios G. Skalkos, CONTRIBUTING WRITER | Title: Shorthanded Men's Soccer Falters at Boston College | 9/27/2001 | See Source »

...then Krause put his stamp on the game in the 82nd minute when he collected a pass fom Bill Arnault and hit a shot that deflected off Crimson junior defender Joe Steffa for the game-winner. Sophomore forward Adam Pfeifer assisted on the play...

Author: By Anastasios G. Skalkos, CONTRIBUTING WRITER | Title: Shorthanded Men's Soccer Falters at Boston College | 9/27/2001 | See Source »

...International Herald Tribune. Such is the sound of the fashion flock paying homage to a once-great designer. But in Saint Laurent's case, there's even more reason to rave. Ever since his business was bought by Gucci, Saint Laurent has been complaining bitterly, telling LVMH chairman Bernard Arnault within hearing distance of a TV camera that he "suffers like a martyr . . . It's terrible, it's terrible." And pleading with Mr. Arnault to "get him out of this hustle." His remorse is baffling to Gucci Group executives who note that Saint Laurent did in fact sell his company...

Author: /time Magazine | Title: Battle of the Boring | 7/30/2001 | See Source »

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