Bernard Arnault
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Bernard Arnault
Bernard Jean Étienne Arnault (; born 5 March 1949) is a French business magnate, investor, and art collector. He is the co-founder, chairman, and chief executive officer of LVMH Moët Hennessy – Louis Vuitton SE, the world's largest luxury goods company. Arnault has an estimated net worth of billion as of December 2022, according to ''Forbes'', making him the richest person in the world. Early life Bernard Jean Étienne Arnault was born on 5 March 1949 in Roubaix. His mother, Marie-Josèphe Savinel, daughter of Étienne Savinel, had a "fascination for Dior". His father, manufacturer Jean Léon Arnault, a graduate of École Centrale Paris, owned the civil engineering company Ferret-Savinel. Arnault was educated at the Lycée Maxence Van Der Meersch in Roubaix, and the Lycée Faidherbe in Lille. In 1971, he graduated from the École Polytechnique, France's leading engineering school, and began work for his father's company. Three years later, after he convinced his fathe ...
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Roubaix
Roubaix ( or ; nl, Robaais; vls, Roboais) is a city in northern France, located in the Lille metropolitan area on the Belgian border. It is a historically mono-industrial commune in the Nord department, which grew rapidly in the 19th century from its textile industries, with most of the same characteristic features as those of English and American boom towns. This former new town has faced many challenges linked to deindustrialisation such as urban decay, with their related economic and social implications, since its major industries fell into decline by the middle of the 1970s. Located to the northeast of Lille, adjacent to Tourcoing, Roubaix is the chef-lieu of two cantons and the third largest city in the French region of Hauts-de-France ranked by population with nearly 99,000 inhabitants.
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Lazard
Lazard Ltd (formerly known as Lazard Frères & Co.) is a financial advisory and asset management firm that engages in investment banking, asset management and other financial services, primarily with institutional clients. It is the world's largest independent investment bank, with principal executive offices in New York City, Paris and London. Lazard was founded in 1848 and operates from more than 41 cities across 26 countries in North America, Europe, Asia, Australia, and Central and South America. The firm provides advice on mergers and acquisitions, strategic matters, restructuring and capital structure, capital raising and corporate finance, as well as asset management services to corporations, partnerships, institutions, governments and individuals. In 2023, Lazard celebrates its 175th year in business. History Early Years On July 12, 1848, three brothers, Alexandre Lazard, Lazare Lazard, and Simon Lazard, founded Lazard Frères & Co. as a dry goods merchant store in New ...
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La Tribune
''La Tribune'' () is a French weekly financial newspaper founded in 1985 by Bruno Bertez. Its main competitor is the French newspaper '' Les Échos'', which is currently owned by LVMH. From 1993 to 2007, ''La Tribune'' was part of LVMH. In 2010, Alain Weill, the chairman and CEO of NextRadioTV, sold 80% of ''La Tribune'' to Valérie Decamp for €1 and he still owns 20%. In 2000, it had a circulation of 531,000 copies. In 2008, it switched from tabloid to berliner format. It was rescued from bankruptcy in 2011. In 2012, the newspaper switched to a weekly. State aid In 2003 and 2010, the newspaper received state subsidies in a sum of 2.53 million euros. Former journalists * Tariq Krim * Jean Boissonnat * Éric Fottorino *Guy-André Kieffer *Érik Izraelewicz * Pascal Riché See also * French newspapers * Economics *Les Échos (France) ''Les Echos'' is the first daily French financial newspaper, founded in 1908 by the brothers Robert and Émile Servan-Schreiber. It is the ...
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Kenzo (brand)
Kenzo (stylized as KENZO PARIS) is a French luxury fashion house founded in 1970 by Japanese designer Kenzo Takada and owned by parent company LVMH. History Kenzo Takada, 1970–1998 Kenzo Takada was born in Japan and moved to Paris in 1964 to start his fashion career. He then became known for using Asian and Japanese influenced style with the construction of European fashion. He started with a 'Jungle Jap' boutique located at Galerie Vivienne and decorated in jungle inspired interior. He began with handmade women's clothing; reportedly, he made his first collection with $200 worth of fabrics bought at a large discount house in Montmartre. The brand became Kenzo after a fashion show in New York in 1976, as the American market considered 'Jungle Jap' too pejorative.Grace Cook (February 1, 2019)Kenzo Takada — the journey from ‘Jungle Jap’ to Kenzo ''Financial Times''. In 1983, Kenzo started designing men and then kids and home collections in 1987, followed by fragrance ...
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Berluti
Berluti is a prestigious leather maker that manufactures menswear, especially the leather finishing of calfskin, kangaroo leather and alligator skin in its production of shoes and boots. It makes leather belts, bags, and wallets, as well as bespoke and ready-to-wear garments. Established in 1895 by Italian Alessandro Berluti of Marche, Berluti is based in Paris on rue Marbeuf. The latest creative director was Kris Van Assche (2018-2021). Creative Director Alessandro Sartori was its artistic director for 5 years, ending his role in February 2016. Haider Ackermann was appointed the next current Creative Director; his first collection for the brand was Fall/Winter 2017 shown on 20 January 2017 at Paris Fashion Week. In March 2018, Ackermann exited. Kris Van Assche replaced Ackermann, with his first collection debuting in January 2019. On 21 April 2021, Kris Van Assche announced on his Instagram that his departure from the brand as its artistic director. He also said that during ...
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Christian Lacroix
Christian Marie Marc Lacroix (; born 16 May 1951) is a French fashion designer. The name may also refer to the company he founded. Lacroix's designs combine luxury and insouciance. He prefers artisanal trades, fringe, bead, and embroidery. He's characterized by a strong sense of colour, and patterns mix. Early life Lacroix was born in Arles, Bouches-du-Rhône in southern France. At a young age he began sketching historical costumes and fashions. Lacroix graduated from secondary school in 1969 and moved to Montpellier, to study Art History at the University of Montpellier. In 1971, he enrolled at the Sorbonne in Paris. While working on a dissertation on dress in French 18th-century painting, Lacroix also pursued a program in museum studies at the École du Louvre. His aspiration during this time was to become a museum curator. It was during this time he met his future wife Françoise Rosenthiel, whom he married in 1974. Christian Lacroix couture In 1987, he opened his own hau ...
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Céline (brand)
Celine (formerly spelled Céline, and stylized in all caps) is a French luxury ready-to-wear and leather goods brand owned by the LVMH group since 1996. It was founded in 1945 by Céline Vipiana. Since November 2015, the headquarters are located at 16 rue Vivienne in the 2nd arrondissement of Paris at the Hôtel Colbert de Torcy, which has French Historic Monument classification.Robert MurphyThe House That Céline BuiltMarch 25, 2015 Séverine Merle has been the Chief Executive Officer since April 2017. On January 21, 2018, LVMH announced that Hedi Slimane would take over at Celine as its artistic, creative and image director. Creation of the brand In 1945, Céline Vipiana (1915–1997) and her husband, Richard, created one of the first luxury brands in the industry, Céline, a made-to-measure children's shoe business, and opened a first boutique at 52 rue Malte in Paris. The brand was recognised by its logo, the red elephant created by Raymont Peynet. A new positioning In 19 ...
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Market Capitalization
Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by the number of common shares outstanding. Since outstanding stock is bought and sold in public markets, capitalization could be used as an indicator of public opinion of a company's net worth and is a determining factor in some forms of stock valuation. Description Market capitalization is sometimes used to rank the size of companies. It measures only the equity component of a company's capital structure, and does not reflect management's decision as to how much debt (or leverage) is used to finance the firm. A more comprehensive measure of a firm's size is enterprise value (EV), which gives effect to outstanding debt, preferred stock, and other factors. For insurance firms, a value called the embedded value (EV) has been used. It is also ...
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Kering
Kering () is a French-based multinational corporation specializing in luxury goods. It owns the brands Balenciaga, Bottega Veneta, Gucci, Alexander McQueen and Yves Saint Laurent. The timber-trading company Pinault S.A. was founded in 1963, by François Pinault. After the company was quoted on Euronext Paris in 1988, it became the retail conglomerate Pinault-Printemps-Redoute (PPR) in 1994, and the luxury group Kering in 2013. The group has been a constituent of the CAC 40 since 1995. François-Henri Pinault has been president and CEO of Kering since 2005. In 2020, the group's revenue reached €13.1 billion. History From timber trading to retail In 1963, with a loan from his family and a bank, François Pinault opened the ''Établissements Pinault'' in Brittany (France) specialized in timber trading. The company became Pinault S.A. and grew organically and through acquisitions. In 1988, Pinault S.A. was listed on the Paris Stock Exchange. In 1989, Pinault S.A. purchased ...
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Richemont
Compagnie Financière Richemont S.A., commonly known as Richemont, is a Switzerland-based luxury goods holding company founded in 1988 by South African businessman Johann Rupert. Through its various subsidiaries, Richemont produces and sells jewellery, watches, leather goods, pens, firearms, clothing, and accessories. Richemont is publicly traded as CFR on the SIX Swiss Exchange and the JSE. The brands it owns include A. Lange & Söhne, Azzedine Alaïa, Baume & Mercier, Buccellati, Cartier, Chloé, Dunhill, IWC Schaffhausen, Giampiero Bodino, Jaeger-LeCoultre, Montblanc, Officine Panerai, Piaget, Peter Millar, Purdey, Roger Dubuis, Vacheron Constantin and Van Cleef & Arpels. , Compagnie Financière Richemont S.A. was the sixth-largest corporation by market capitalization in the Swiss Market Index. As of 2017, Richemont was the third-largest luxury goods company in the world after LVMH and Estée Lauder Companies. History Johann Rupert founded Compagnie Financière Ri ...
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Guinness
Guinness () is an Irish dry stout that originated in the brewery of Arthur Guinness at St. James's Gate, Dublin, Ireland, in 1759. It is one of the most successful alcohol brands worldwide, brewed in almost 50 countries, and available in over 120. Sales in 2011 amounted to . In spite of declining consumption since 2001, it is the best-selling alcoholic drink in Ireland where Guinness & Co. Brewery makes almost €2 billion worth of beer annually. The Guinness Storehouse is a tourist attraction at St. James's Gate Brewery in Dublin, Ireland. Since opening in 2000, it has received over 20 million visitors. Guinness's flavour derives from malted barley and roasted unmalted barley, a relatively modern development, not becoming part of the grist until the mid-20th century. For many years, a portion of aged brew was blended with freshly brewed beer to give a sharp lactic acid flavour. Although Guinness's palate still features a characteristic "tang", the company has refused to ...
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Louis Vuitton
Louis Vuitton Malletier, commonly known as Louis Vuitton (, ), is a French high-end Luxury goods, luxury fashion house and company founded in 1854 by Louis Vuitton (designer), Louis Vuitton. The label's LV monogram appears on most of its products, ranging from luxury bags and leather goods to ready-to-wear, shoes, watches, jewelry, accessories, sunglasses and books. Louis Vuitton is one of the world's leading international fashion houses. It sells its products through standalone boutiques, lease departments in high-end department stores, departmental stores, and through the e-commerce section of its website. For six consecutive years (2006–2012), Louis Vuitton was named the world's most valuable luxury brand. Its 2012 valuation was US$25.9 billion. In 2013, the valuation of the brand was US$28.4 billion with revenue of US$9.4 billion. The company operates in 50 countries with more than 460 stores worldwide. History Founding to World War II The Louis Vuitton label was founde ...
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