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LVMH

FB Roundup: Francoise Bettencourt Meyers, Klaus-Michael Kuehne, Masatoshi Ito

March 13, 2023

In this week’s FB Roundup, L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD; Klaus-Michael Kuehne is to receive $4.5 billion dividends from his transport empire; and tributes are paid to 7-Eleven billionaire Masatoshi Ito.

L’Oreal heir Francoise Bettencourt Meyers names new investment firm MD
The world’s richest woman, Francoise Bettencourt Meyers, has named Cyrielle Villepelet as managing director of her investment company, Tethys Invest, according to Bloomberg.

FB Roundup: Delphine Arnault, Andrew Forrest, Fred DeLuca and Peter Buck

January 16, 2023

In this week’s FB Roundup, Bernard Arnault appoints his daughter Delphine to run Dior; Andrew Forrest says Australia-to-Singapore solar plan is no longer viable; and the heirs of Subway’s founders are set to reap dividends from $10 billion sale deal.

Bernard Arnault appoints daughter Delphine to run Dior
The world's richest man and chairman of luxury goods giant LVMH, Bernard Arnault, has officially appointed his daughter Delphine as the chief executive officer (CEO) of French luxury fashion house Dior.

Arnault’s eldest child takes the reins in a further management shakeup, having recently assigned his eldest son, Antoine, to run the family-owned holding company Christian Dior SE.

FB Roundup: Antoine Arnault, Jimmy Lai, Yusaku Maezawa

December 13, 2022

In this week’s FB Roundup, Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE; Hong Kong tycoon Jimmy Lai is jailed on a fraud charge; and Japanese billionaire Yusaku Maezawa picks his crew for SpaceX's flight to the moon.

Bernard Arnault’s oldest son takes over as CEO of Christian Dior SE
Antoine Arnault, the eldest son of French billioaire Bernard Arnault, has been officially anointed as the chief executive officer of Christian Dior SE, the family owned holding company which operates luxury goods giant LVMH.

Antoine steps up as both CEO and vice-chairman, replacing Sidney Toledano, the former president of LVMH’s Fashion Group and chief of the Christian Dior Couture brand.

FB Roundup: Dietrich Mateschitz, Bernard Arnault, Sir Richard Branson

October 24, 2022

In this week’s FB Roundup, tributes are paid to billionaire Red Bull co-founder Dietrich Mateschitz; Bernard Arnault sells his private jet to avoid climate activists tracking him; and Sir Richard Branson is invited to take part in a Singapore death penalty debate.

Tributes paid to billionaire Red Bull co-founder Dietrich Mateschitz
Austrian President Alexander Van der Bellen has led tributes to Red Bull co-founder Dietrich Mateschitz, who has passed away aged 78 after a long battle with cancer.

Austria's richest person with a fortune estimated by Forbes at $27.4 billion, the entrepreneur built the energy drink into one of the most recognisable brands in the world with influence across the worlds of sport and culture.

FB Roundup: Daily Mail and General Trust, Heineken, LVMH

December 18, 2021

Rothermere wins bid to take back Daily Mail, Heineken’s African push with $4.5 billion merger, LVMH takes Thelios inhouse in share buyout.

Rothermere wins bid to take back Daily Mail

The $1.1 billion publisher of Britain’s bestselling newspaper is back in Rothermere family hands after 90 years as a publicly listed company.

However, the slimmed down Daily Mail and General Trust (DMGT) faces a cost-cutting editorial management shake-up, amid ailing publishing sales and advertising.

FB Roundup: Exor, Ermenegildo Zegna, L Brands

July 23, 2021

Agnelli family’s Exor linked to Armani, Zegna family lists luxury group via $3.2 billion SPAC, Les Wexner distances from L Brands with $2.2 billion share sale.

Agnelli family’s Exor linked to Armani

The Agnelli family that made its fortune in the Italian auto industry is expanding its interests in luxury goods with apparent overtures to Armani, only months after acquiring a quarter-stake in Christian Louboutin.

Agnelli scion John Elkann (pictured left), 45, the billionaire chairman and chief executive of Exor, the family-controlled holding company, has been in talks with fashion designer Giorgio Armani, Reuters reported.

FB Roundup: Dyson, Juventus, Kering

April 26, 2021

Sir James Dyson defends ventilators texts to PM Boris Johnson, Juventus chairman Andrea Agnelli “remains convinced” by European Super League, Chinese and US shoppers boost luxury sector recovery for Kering, Hermes and LVMH.

Sir James Dyson defends ventilators texts to PM Boris Johnson

Sir James Dyson says he neither sought nor received any benefit from Boris Johnson when he was asked by the UK’s prime minister to build £20 million ($27.7 million) worth of ventilators early in the national Covid-19 emergency.

FB Roundup: Birkenstock, Tata Group, Las Vegas Sands

March 8, 2021

End of a 247-year era as Birkenstock sells control to Bernard Arnault, Tata Group finalising e-commerce BigBasket deal, Sheldon Adelson’s Las Vegas Sands exits The Strip for Asia.

End of a 247-year era as Birkenstock sells control to Bernard Arnault

Germany’s sixth-generation Birkenstock family will sell a majority stake in its historic footwear business to the family interests of Bernard Arnault, principal of French luxury goods empire LVMH.

FB Roundup: Birkenstock, Hancock Prospecting, L’Oreal

February 13, 2021

Arnault family’s L Catterton in rumoured Birkenstock takeover bid, Mining magnate Gina Rinehart backs lithium venture, Rocketing e-commerce powers L’Oreal recovery.

Arnault family’s L Catterton in rumoured Birkenstock takeover bid

Birkenstock, the sixth-generation family-owned business and the German footwear industry’s largest employer, could be the next $4.8 billion acquisition by the Arnault family’s private equity firm.

FB Roundup: LVMH, EssilorLuxottica, Rockefeller Foundation

January 8, 2021

Arnault heir joins power trio in charge of Tiffany and Co, Founder Leonardo Del Vecchio steps back in EssilorLuxottica power transfer, Rockefeller Foundation divests $5 billion in fossil fuels.

Arnault heir joins power trio in charge of Tiffany and Co

Alexandre Arnault is being widely regarded as the heir apparent of his father’s French luxury goods empire LVMH with his appointment to the new executive leadership of Tiffany and Co.

Arnault (pictured), 28, is the second eldest son of Bernard Arnault (pictured below), 71, the billionaire chairman and chief executive of LVMH. The next-gen led luggage manufacturer RIMOWA since January 2017, after initiating and leading its acquisition by LVMH.