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Top related persons:
Bernard Arnault - 2 — - 2 Arnault - 2 Kering - 2 Pinault - 2 Alain - 2 LVMH Moët Hennessy Louis Vuitton - 1 Dior - 1
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Service - 2 Bloomberg - 2 Tiffany - 1 Walmart - 1 Getty - 1 Gucci - 1 CMA CGM - 1 Procter & Gamble - 1

Search resuls for: "François Pinault"


6 mentions found


☆ Dior and Gucci owners suffer $14 billion wealth crash as luxury stocks slide
  + stars: | 2024-10-08 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +3 min
The ultra-rich owners of the world's leading luxury brands took a hit to their fortunes on Tuesday. LVMH shares fell as much as 7% in Paris on Tuesday, slashing the value of his stake by about $13 billion, before paring their decline to 3%. Arnault ranked as the world's fourth-richest person with a $197 billion net worth at Monday's market close, per the Bloomberg Billionaires Index. Pinault was 83rd in the wealth rankings with a $24 billion fortune at Monday's close, down more than $11 billion this year. For example, the Dumas family owes most of its estimated $150 billion fortune to Hermès stock, which slid 3% on Tuesday.
Persons: Bernard Arnault, —, LVMH Moët Hennessy Louis Vuitton, Dior, Arnault, François Pinault, Gucci, Kering, Pinault, Dumas, Johann Rupert's, Cartier, Piaget, Remo Ruffini isn't, Forbes, Chanel isn't, Alain, Gérard Wertheimer, they're Organizations: Service, Bloomberg Locations: LVMH, Paris, China, Monday's
☆ 5 titans of French luxury grew $50 billion richer in a week — and are now worth more than Costco
  + stars: | 2024-09-30 | by ( Theron Mohamed | ) www.businessinsider.com   time to read: +4 min
Five French luxury icons grew $50 billion richer last week on the back of China's stimulus plans. AdvertisementFive titans of French fashion and beauty added a full $50 billion to their fortunes last week, boosting their combined wealth to more than $420 billion. Julien Hekimian/Getty ImagesKering founder François Pinault's net worth rose by $2.3 billion to $25.6 billion last week, placing him 78th on the list. Arnault was worth $24 billion more at $231 billion in March, which made him the world's wealthiest person at the time. Bettencourt Meyers was $7.5 billion richer at $101 billion in June, while the Chanel siblings were each worth about $6.4 billion more at roughly $55 billion around the same time.
Persons: LVMH's Arnault, Chanel, —, stoked, Bernard Arnault, Louis Vuitton, Larry Ellison, Mark Zuckerberg, Françoise Bettencourt Meyers, L'Oréal's, Alice Walton, Francois Guillot, Alain, Gerard Wertheimer, Coco Chanel, Chanel's cofounders, Julien Hekimian, François, Balenciaga, Yves Saint Laurent, Kering, Francois, Henri Pinault, Salma Hayek, MICHAEL TRAN, Rodolphe Saadé, Arnault, haven't, Pinault, Bettencourt Meyers Organizations: Service, Tiffany, Bloomberg, Walmart, Getty, Gucci, CMA CGM, Procter & Gamble, Home, Costco Locations: China, Sephora, AFP
☆ Bernard Arnault, the world's richest person, was nicknamed the 'wolf in cashmere' by rivals because of his predatory takeover moves. His company just hit a $500 billion valuation.
  + stars: | 2023-04-29 | by ( Mary Hanbury | ) www.businessinsider.com   time to read: +4 min
Bernard Arnault is head of luxury giant LVMH and the world's richest person worth $206 billion. He earned the nickname the "wolf in cashmere" because of his ruthless moves to acquire rivals. It's enabled him to create the world's largest luxury conglomerate, which was valued at $500 billion this week. "Arnault is a man of great vision," Pierre Mallevays, former head of acquisitions at LVMH, previously told The Guardian. It was during his pursuit of Hermès International that he earned the nickname of the "wolf in cashmere."
☆ How billionaire François Pinault built a luxury empire that owns Gucci and Balenciaga, battled Bernard Arnault and won, and became one of France's richest people in the process
  + stars: | 2023-01-02 | by ( Marissa Perino | Avery Hartmans | ) www.businessinsider.com   time to read: 1 min
Pinault was born in 1936 in Brittany, France. As a 7-year-old during the Nazi occupation, Pinault used to bring food to Allied soldiers hidden near his family's home. Legend has it that German forces once beat Pinault and his father to try to get them to talk, but even as a child, he wouldn't give up their location. US soldiers traveling through Brittany, France, in August 1944. Photo12/Universal Images Group via Getty ImagesSource: The Guardian
☆ Tom Ford return offers remedy for Gucci fatigue
  + stars: | 2022-11-04 | by ( Lisa Jucca | ) www.reuters.com   time to read: +3 min
MILAN, Nov 4 (Reuters Breakingviews) - Tom Ford’s return to the realm of Gucci owner Kering (PRTP.PA) would add some much-needed sparkle. Bringing Tom Ford himself on board could even help revitalise it. Tom Ford offers diversification at a reasonable valuation. Sales of Tom Ford Beauty’s cosmetics and fragrances grew at a double digit rate in the third quarter, according to Vogue Business. In August, the Wall Street Journal reported that beauty giant Estée Lauder was looking to buy Tom Ford for $3 billion.
☆ François Pinault just gave $109 million to help rebuild the Notre-Dame. Meet the French billionaire who owns Christie's and founded the luxury giant behind Gucci.
  + stars: | 2019-10-01 | by ( Marissa Perino | Taylor Nicole Rogers | ) www.businessinsider.com   time to read: 1 min
Pinault was born in 1936 in Brittany, France. As a 7-year-old during the Nazi occupation, Pinault used to bring food to Allied soldiers hidden near his family's home. Legend has it that German forces once beat Pinault and his father to try to get them to talk, but even as a child, he wouldn't give up their location. US soldiers traveling through Brittany, France, in August 1944. Photo12/Universal Images Group via Getty ImagesSource: The Gaurdian
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