Share |

Arnault family

FB Roundup: Kering, Koch and Soros, and Tipping Point Fund

December 12, 2019

Pinault family’s Kering explores a Moncler takeover, Charles Koch and George Soros unite against the US war industry, and Blue Haven, Rockefeller and Ford foundations help launch an impact fund.

Pinault family’s Kering explores Moncler takeover

The rivalry between the Pinault and Arnault luxury family businesses appears to be intensifying with Kering in talks to acquire Moncler only weeks after LVMH bought Tiffany and Co for $16 billion.

FB Results Round Up: ArcelorMittal, LVMH, Akka Technologies, Nintendo

February 8, 2018

ArcelorMittal, LVMH, Akka Technologies, and Nintendo have all reported rising revenues highlighting the strong financial performance of some of the world's billion dollar family businesses in 2017.

ArcelorMittal, LVMH, Akka Technologies, and Nintendo have all reported rising revenues highlighting the strong financial performance of some of the world's billion dollar family businesses in 2017.

World’s largest steelmaker posts 21% revenue spike

Family-owned steel and mining company ArcelorMittal has seen revenues soar 21% to $68.7 billion in the 12 months to 31 December amid a positive outlook for the global steel market.

Louis Vuitton packs its trunk and leaves the Red Square

November 29, 2013

Following public outcry, Louis Vuitton, controlled by France's Arnault family via their juggernaut LVMH, has dismantled a giant promotional replica of one of its trunks in Moscow's Red Square – just days after it was erected.

The luxury luggage company had built the structure to house an exhibition, due to open on 2 December, to celebrate its 120th anniversary.

Armani: The family business isn't for sale

January 18, 2012

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group.

French luxury groups PPR and LVMH, which in the throes of "shopping fever" acquired a number of Italian family businesses recently, have no chance of getting their hands on the Giorgio Armani Group.

That's according to the company's chief executive, Giorgio Armani, who said the family business, which includes brands such as Emporio Armani and Armani Exchange, is not for sale.

LVMH raises stake in Hermes

December 21, 2011

LVMH, the French luxury goods group controlled by the Arnault family, has further increased its stake in fellow family business Hermes and now controls 22.28% of the bag-maker’s shares and 16% of its voting rights.

According to a filing with France’s stock market regulator Autorite des Marches Financiers, the Paris-based luxury group raised its stake in Hermes to 23,518,942 shares on 15 December.

Family luxury still turning a profit

July 28, 2009

LMVH Moet Hennessy Louis Vuitton, the family-controlled luxury products group, yesterday announced revenues of €7.8 billion for the first half of 2009.

LMVH Moet Hennessy Louis Vuitton, the family-controlled luxury products group, yesterday announced revenues of €7.8 billion for the first half of 2009. This figure is a slight increase on the same period for 2008, although it is below predicted revenues.