[66], On 5 August 2021, he regained the status of the wealthiest man in the world, with his net worth climbing to $198.4 billion. [3] Arnault has an estimated net worth of US$181.6 billion as of February 2023[update], according to Forbes, making him the wealthiest person in the world, until Elon Musk reclaimed the title at the end of February 2023. It is mandatory to procure user consent prior to running these cookies on your website. LVMH Becomes the New Luxury Goods Colossus Following the Full Acquisition of Christian Dior.. "100 Great Business Leaders: Bernard Arnault. Look at other 50 related and similar funds, Top 13 investors in Western Europe that took part in the most Late funding rounds in Virtual Currency industry over the recent years, Top 20 investors in Western Europe with the biggest sum of funding rounds in Virtual Currency industry over the recent years, *-Our recommendation and outreach system saves up to 200 hours of founder time on fundraising for seed and series A+ startups. Investment Banking Paris, Ile-de-France L Catterton Financial Services Greenwich, Connecticut . Every year, the winner is awarded a grant to support the creation of the designer's label and with a year of mentorship. Installed by Google Analytics, _gid cookie stores information on how visitors use a website, while also creating an analytics report of the website's performance. Slack is an enterprise software platform that allows teams and businesses of all sizes to communicate effectively. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. GROUPE ARNAULT | 66 followers on LinkedIn. The most-recent round of funding was led by Israeli-based Pitango Growth, and joined by Capital One Growth Ventures, Groupe Arnault, the controlling shareholder of LVMH, and C4 Ventures. You also have the option to opt-out of these cookies. Groupe Arnault is the famous VC, which was founded in 1978. Bernard Arnault, the chairman of French luxury goods giant LVMH, has just become the first European to top Bloomberg's list of the world's richest people, relegating Elon Musk to second place. Arnault single family office: active private equity investors. Throughout Arnaults 30-year tenure, LVMH's performance has been remarkably resilient through major market downturns. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. Jack Welch was the chair and CEO of General Electric between 1981-2001, and the value of the company increased dramatically under his leadership. His family is also considered one of the richest families in the world. PARIS Frdric Arnault, the 26-year-old chief executive of TAG Heuer, may be the youngest C.E.O. Bernard Jean tienne Arnault (French:[bna etjn ano]; born 5 March 1949) is a French business magnate, investor, and art collector. Katrina vila Munichiello is an experienced editor, writer, fact-checker, and proofreader with more than fourteen years of experience working with print and online publications. In 1994, LVMH acquired the perfume firm Guerlain. He also serves as Executive at Agla Ventures. Compagnie Nationale Portefeuille ('CNP') is a private Belgian mid-market investment company with Net Assets of ~2 billion, exclusively controlled by the Frre family. With its $380M Series C led by 10T and backed by existing French investors including us at Cathay Innovation, Groupe Arnault and some of our strategic investors, the latest financing values our early-backed Ledger at over $1.5B reflecting its rapid and accelerating growth. Arnault made his first move in 1984, when the French government was offering subsidies to any business that could rescue Boussac, a famous (but floundering) textile and retail empire with several struggling businesses under its umbrellaincluding a world-famous prize that Arnault had coveted for years: The House of Dior. [11], In July 1988, Arnault provided $1.6 billion to form a holding company with Guinness that held 24% of LVMH's shares. [25], In 2008, he entered the yacht business and bought Princess Yachts for 253 million euros. . 03. He also serves as Executive at Agla Ventures. The revenue in 2018 was 46,8 billion euro, making 10 billion euro profit. We also use third-party cookies that help us analyze and understand how you use this website. After recruiting the companys first non-Frenchman, Italian designer Gianfranco Ferr, to succeed artistic director Marc Bohan, Arnault "ruffled some French feathers" again in 1996 by appointing "brash" British designer John Galliano to succeed Ferr as Dior's head. [6] Three years later, after he convinced his father to shift the focus of the company to real estate, Ferret-Savinel sold the industrial construction division and was renamed Ferinel. We also use third-party cookies that help us analyze and understand how you use this website. These funds often invest in the rounds preceeding the rounds of Groupe Arnault: Groupe Arnault is more likely to invest in rounds together with the following funds: These funds have a tendency to invest in the following rounds after Groupe Arnault: Funds with similar focus located in France: Funds with similar geography of portfolio companies: Funds with similar focus acting as lead investors: By posting comments on our website you confirm and acknowledge that: To post a comment or write a complain, please sign in with LinkedIn. The investment arm of family-controlled LVMH and Groupe Arnault has purchased a stake in Trendy International Group, as it looks to increase its exposure to China. You can learn more about the standards we follow in producing accurate, unbiased content in our. Groupe Arnault's investments, meanwhile, include a 16 percent stake in retail giant Carrefour SA via Blue Capital, an investment fund owned by Groupe Arnault and Colony Capital. [15] La Tribune never achieved the desired success, despite his 150 million euro[citation needed] investment, and he sold it in November 2007 to buy a different French economic newspaper, Les chos, for 240 million.[16][17]. The entire focus of Arnault's teams is the creation of star brands that must meet a high bar for four artistic and financial criteria:LVMH brands must be timeless, modern, fast-growing, and highly profitable. In practice, profitable creativity means that star brands are born only when a company manages to make products that speak to the ages but feel intensely modern and sell fast and furiously, all while raking in profits., Although the LVMH process begins with "radical innovationan unpredictable, messy, highly emotional activity on the creative end, as soon as it comes to getting creativity onto shelveschaos is banished, and the company imposes "strict discipline on manufacturing processes, meticulously planning all 1,000 tasks in the construction of one purse., The genius of Arnaults process is that, although the "front end of a star brandthe innovationthe creative process, the advertisingis very, very expensive, the back end of the process in the atelier (the factory) is a place of "amazing discipline and rigor that drives high profitability behind the scenes. Brands with unbelievably high quality require unbelievably high productivity, so every single motion, every step of every process is carefully planned with the most modern and complete engineering technology.. Since 1989, the firm has made more than 250 investments in brands across all segments of the consumer industry. It was announced in 2007 that Arnault, along with the California property firm Colony Capital, owns 10.69% of. These investments range from niche tech startups to some of the most well-known household brands. Our Group has backed Airbnb, Lyft, Netflix, Slack, or Spotify and many others. In 1998, with businessman Albert Frre, Arnault purchased Chteau Cheval Blanc in a personal capacity. companies at all stages. Both have very long-term investment horizons. Arnault has lost a few dealsmost famously, Gucci in 2001 and Herms in 2014. LinkedIn sets this cookie from LinkedIn share buttons and ad tags to recognize browser ID. This website uses cookies to improve your experience while you navigate through the website. The venture was found in Europe in France. [80], 19871989: Co-founding and acquisition of LVMH, 19892001: LVMH Initial expansion and growth, 2001present: Increasing success and profitability, "Bernard Arnault: Chairman and Chief Executive Officer", "Bernard Arnault: France's 'wolf-in-cashmere' billionaire", "Roubaix Quand Bernard Arnault tait lycen Van-Der-Meersch", "Bernard Arnault, chairman, LVMH Mot Hennessy Louis Vuitton", "Tiffany Deal Is a Signature Move by the Sun Tzu of Luxury", Pivotal Figure Emerges In Moet-Vuitton Feud, "Alain Chevalier, co-founder of LVMH, dies aged 87", "Bernard Arnault, a French billionaire businessman and art collector", Intimacy Proves Too Much for Guinness, LVMH, Arnault expands perfume empire: LVMH buys controlling stake in Guerlain, Lvmh: Life Isn't All Champagne And Caviar, "Bernard Arnault: Man Behind the Steely Mask]", "Designing The Nouveau Building On the Block", "LVMH buys 50% share in Chateau Cheval Blanc", NETFLIX.com Secures $30 Million Investment from Group Arnault, Bernard Arnault plots new course for Princess Yachts, "Board of Advisors 1Malaysia Development Berhad", "Goldman Sachs, a Nama letter and the links to a $6bn fraud probe", "LVMH Plans to Buy Bulgari for $5.2 Billion After Acquiring Majority Stake", "LVMH bags jeweller Bulgari in $5.2billion deal", "LVHM investing in Chinese mid-priced clothing market", "LVMH invests in Italian brand Marco de Vincenzo", "G-III to acquire Donna Karan International from LVMH", "LVMH Takes Control of Christian Dior in $13 Billion Deal", "Luxury Group LVMH Cautious for 2018 Despite Record Profits", "LVMH Acquires Tiffany & Co. For $16.2 Billion", "LVMH Says Tiffany's Handling of Pandemic invalidates deal", "Grandmaster Bernard Arnault looks to the Tiffany endgame", "Billionaire Arnault On The Offensive After Tiffany Pays Out $140 Million Pandemic Dividends Despite $32 Million In Losses", "LVMH files countersuit against Tiffany over US$14.5B deal", "LVMH agrees to buy Tiffany for lower price", "More carats and sparkle: How LVMH plans to change Tiffany", "Tiffany Agrees To Accept Lower Price For Acquisition By LVMH", "LVMH Moet Hennessy Louis Vuitton SA Unsponsored ADR (LVMUY: OTCMKTS) Stock Price & News - Google Finance", In Luxury, Bernard Arnault Alone Makes the Most Powerful List, LVMH creates $400K design prize to cultivate young talent, Vuitton plans a Gehry-Designed Arts Center in Paris, Frank Gehry 'Iceberg' art gallery to open in Paris, "LVMH brought in a record-breaking $59 billion in revenue in 2019. Investment Consultants Fund and Transaction Services Consulting and Corporate Advisory Services . This category only includes cookies that ensures basic functionalities and security features of the website. This website uses cookies to improve your experience while you navigate through the website. While commenting, you are under the rule of our websites terms of use and privacypolicy. We invest on the basis of data and historical traction. Even a newly acquired asset, Tiffany, had remarkable performance despite the flagship store on Fifth Avenue in New York City being closed for renovation. The real estate assets were later sold to Compagnie Gnrale des Eaux (CGE), eventually becoming Nexity. GROUPE ARNAULT | 66 followers on LinkedIn. Vuitton Plans a Gehry-Designed Arts Center in Paris., Forbes. Hes not a gambler; hes a strategist. An academic in Paris said that hes not afraid of engaging in a fight, buthes constantly evaluating the outcomes, and can put ego to the side in the service of the resultand for that reason, even when he loses, he wins.. [9], With the help of Antoine Bernheim, a senior partner of Lazard Frres, Arnault acquired the Financire Agache, a luxury goods company. In a 2001 Harvard Business Review interview, Arnault explained his famous business process, whichunlike the traditional fashion industryrequires financial discipline as well as creativity. Arnault had initially invested in LVMH at the invitation of the CEO of Louis Vuitton, Henry Racamier, who wanted his backing to consolidate his position against Alain Chevalier, the CEO of the much larger Mot Hennessy. On the creative end, as Arnault built LVMH into a luxury empire, he has proven himself an expert at hiring design talent for star brands that speak to the ages but feel intensely modern. However, because his model requires that the counterbalance to creativity must be commerce, he never hesitated to reign in, or outright terminate, creative executives who did not produce. Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors. [62] In July 2019, Arnault became the second-richest man in the world, with a net worth of $103 billion. Groupe Arnault has made 3 diversity investments. The firm seeks to hold stake in companies. . Investopedia does not include all offers available in the marketplace. Established in 1978, Groupe Arnault SAS, was the family office of billionaire Bernard Arnault that controls luxury goods group LVMH. The families would like to keep Herms as a family-run business. These cookies do not store any personal information. Effective February 1, 2023, Delphine is the Chief Executive Officer of the luxury brand Dior. LVMH is buying back up to 1.5 billion ($1.59 billion) of its own shares, the world's leading luxury goods company said Wednesday. Master of the Brand: Bernard Arnault., LVMH. Save this fund for later to form your own custom list of funds, This summary is composed by our algorithm based on the analysis of the deals. [24], In 2007, Blue Capital announced that Arnault owned jointly with the California property firm Colony Capital 10.69% of France's largest supermarket retailer and the world's second-largest food distributor Carrefour. Among the various public portfolio startups of the fund, we may underline Spotify, Airbnb, Slack Technologies The fund has no exact preference in a number of founders of portfolio startups. The man at the helm of luxury's largest conglomerate, Bernard Arnault and his luxury group LVMH have an indelible imprint on the fashion industry on account of the sheer scale of the company's acquisitions and continuing profitability. Bernard Arnault's wealth is around $203 billion. Entrepreneurship is the core of ourlegacy, and we are committed to helping world class founders become global tech leaders by sharing our unique access, network and expertise. These mass layoffs earned him the nickname Terminatorbut admirers congratulated him for leapfrogging from his family's $15 million-a-year business to a company 20 times as large. [41] Subsequently, Tiffany filed suit against LVMH, asking the court to compel the purchase or to assess damages against the defendant; LVMH planned to counter sue, alleging that mismanagement had invalidated the purchase agreement. [54][55] In 2006, Arnault started the building project of the Louis Vuitton Foundation. Bloomberg valued Arnault's fortune at $185 billion. 28.02.2023 We retain our right to delete any comment or any other content of the website at ourwill in case we know or suppose such content is illegal or breaches any lawful right. OUR FIRM. These include white papers, government data, original reporting, and interviews with industry experts. Toward that end, he bought Boussac, a famous (but bankrupt) French conglomerate, so that he could take over one of the businesses under its umbrella: The House of Dior, a prize he had coveted for years. [79] Brigitte Macron was the French teacher of Arnault's sons Frdric and Jean when they were students at the Lyce Saint-Louis-de-Gonzague. Cookies collect information about your preferences and your devices and are used to make the site work as you expect it to, to understand how you interact with the site, and to show advertisements that are targeted to your interests. YSC cookie is set by Youtube and is used to track the views of embedded videos on Youtube pages. Her expertise includes marketing content, biographies, personal finance, business, and life science. Bernard Arnault, Chairman and Chief Executive Officer., Bloomberg. [9] However, the premise failed to take into account internal takeover attempts. Other uncategorized cookies are those that are being analyzed and have not been classified into a category as yet. These companies included Boo.com, Libertysurg, and Zebank. Alexandre Arnault, LVMH's Digital Scion How the 25-year-old third child of the mastermind behind the $130 billion luxury goods empire joined the family business, became co-CEO of Rimowa and emerged as LVMH's secret digital weapon. The strongest performing brand in the portfolio remains Louis Vuitton and in watches TAG Heuer with a 4% market share in the luxury watch market. LVMH Becomes the New Luxury Goods Colossus Following the Full Acquisition of Christian Dior. [67][68] He is listed as "Bernard Arnault & Family" on the Forbes Billionaires list. For example, at Givenchy in 1995, Arnault brought in a fashion industry darling and notorious wild child, British designer John Galliano, to replace Hubert de Givenchy, the industry icon credited with defining simple elegance for an entire generation of women, (including) Audrey Hepburn, Jacqueline Kennedy, and the Duchess of Windsor.. But opting out of some of these cookies may affect your browsing experience. [77] The aircraft was a Bombardier Global 7500 which was registered F-GVMA. Arnault acquired Boussac, a famous (but floundering) textile and retail empire with several struggling businesses under its umbrellaincluding a prize that he had coveted for years: The House of Dior. [45] LVMH completed the purchase of Tiffany in January 2021. . [1][2] He is the founder, chairman, and chief executive officer of LVMH Mot Hennessy Louis Vuitton, the world's largest luxury goods company. This website uses cookies to improve your experience while you navigate through the website. The firm now exists unde. L Catterton is a U.S.-headquartered private equity firm. [78], In the second round of the 2017 French presidential election, Arnault supported Emmanuel Macron. After the 2020 global pandemic caused unprecedented disruption to the luxury retail industry, LVMH recorded revenue of 64.2 billion in 2021 (an increase of 44% over 2020 and 20% over 2019) and organic revenue growth of 36% vs. 2020 and 14% vs. 2019. Necessary cookies are absolutely essential for the website to function properly. The carmaker's stock closed at $207.63 on Monday. Among the most popular fund investment industries, there are Travel, E-Commerce. The history of LVHM: a series of acquisitions It all started in 1984, when a then 35-year-old Bernard Arnault noticed that the luxury company Christian Dior was for sale. By 1984, he had ambitions far beyond constructionand he began to make a series of bold and ruthless moves to take over an enterprise that he could scale at the global level. Alexandre is the EVP of Tiffany & Co, Frdric is the CEO of TAG Heuer, and Jean is the Director of Marketing and Development at Louis Vuitton. Her expertise covers a wide range of accounting, corporate finance, taxes, lending, and personal finance areas. The venture was found in Europe in France. 09/01/2023. [13], Arnault's collection includes work by Picasso, Yves Klein, Henry Moore, and Andy Warhol. In 1981, when the French socialist party with tax-the-rich policies came to power, Arnault moved his family to the U.S., where he spent three years growing Ferret-Savinels property business. Tontine; History and Possible Resurgence of Controversial Insurance, Amancio Ortega: Chairman of Zara, Richest Person in Spain, The $100 Billion Man: How Bernard Arnault Stitched Together the Worlds Third Biggest Fortune, Bernard Arnault, Chairman and Chief Executive Officer, LVMH Surges as Shoppers Snapping Up Couture Lift Sales to Record, Bernard Arnault: Frances Wolf-in-Cashmere Billionaire, Bernard Arnault: I Always Liked Being Number One, Arnault Family to Take Full Control of Christian Dior in $13 Billion Deal, The Perfect Paradox of Star Brands: An Interview with Bernard Arnault of LVMH, 100 Great Business Leaders: Bernard Arnault, The World's Ten Most Powerful Luxury Brands2011 Edition, The Story of How Givenchy Ended up Under the Umbrella of LVMH, Louis Vuitton Rises, Gucci Slips in Brand-Valuation Study, Luxury Giant LVMH to Buy Tiffany for $16.2 Billion, Tiffany Deal Is a Signature Move by the Sun Tzu of Luxury, Vuitton Plans a Gehry-Designed Arts Center in Paris, LVMH Announces Launch of New Luxury Maison by Rihanna. In 2013, it was disclosed that Arnault planned to apply for Belgian citizenship and was considering moving to Belgium. To his admirers, he was a visionary entrepreneur invigorating French business. We have been an active global investorin leading tech companies at every stage of growth. A tontine is a kind of capital investment plan that began in the 17th century in Italy and peaked in the early 1900s in Europe and the U.S. Ortega, the wealthiest person in Spain, is Founding Chair of retail giant Inditex, the parent company of Zara, the worlds largest fashion retailer. He returned the group to profitability as he embarked upon a strategy of developing the world's leading luxury products company. In 1997 Michael Burke became Worldwide Managing Director of Christian Dior Couture, and then Chairman and CEO of Fendi in 2003. In 1999, he invested money into Netflix through his company, Groupe Arnault. A story Bernard Arnault likes to tell is of a meeting with Steve Jobs, the late co-founder of Apple and father of the iPhone. Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. 20. A cookie set by YouTube to measure bandwidth that determines whether the user gets the new or old player interface. has announced a plan to repurchase about 1.5 billion of its shares. This Groupe Arnault works on 8 percentage points less the average amount of lead investments comparing to the other organizations. LVMH had been created on the premise that the conglomerate would be too large for a single hostile raider. Equity investments - $220 billion (39.70% of Berkshire's current market cap) Moreover, a startup needs to be at the age of 4-5 years to get the investment from the fund. If you're Bernard Arnault, head of "trs luxe" company LVMH Mot Hennessy Louis Vuitton and France's wealthiest man, you get yourself some good bubbly! In addition to leveraging LVMH as a vehicle to support arts organizations and individual artists, Arnault has leveraged artists to attract young consumers to LVMH brands. To his critics, Arnault said that talent has no nationality., To protect the brand image of quality and exclusivity over quantity and accessibilityanother element that Arnault considered essential to the Dior cachethe worked with his new team to cut the number of Dior licensees and franchised boutiques by half: from 280 in 1989 to less than 150 by 1992.. This unusual balance of financial and creative skills enabled Arnault to combine the assets of a bankrupt company with LVMH and numerous acquired brands to create the worlds most powerful luxury conglomeratewith revenues of 44.6 billion ($51 billion) by 2020. We provide dozens of additional datapoints about this fund. [61] In 2016, Arnault was paid 7.8 million as the CEO of the LVMH group. Arnaults next move was a power play that made him infamous throughout Europe. Their most recent investment was on Oct 20, 2021, when Open raised $9M. Im Ranking der reichsten Menschen der Welt gibt es eine "neue" Nummer eins: Tesla-Chef Elon Musk hat sich den ersten Platz von LVMH-Chef Bernard Arnault zurckerobert. [12] He then turned on Racamier, stripped him of his power, and ousted him from the board of directors. Bernard Arnault Chairman and Chief Executive Officer Antonio Belloni Group Managing Director Delphine Arnault CHRISTIAN DIOR COUTURE Nicolas Bazire Development and acquisitions Pietro Beccari Louis Vuitton Stphane Bianchi WATCHES & JEWELRY Chantal Gaemperle Human Resources and Synergies Jean-Jacques Guiony Finance Chris de Lapuente Over the next three decades, as he brought the best luxury brands in fashion, cosmetics, and beverages under the LVMH umbrella, Arnault proceeded to make a series of brilliant business decisions that can only be called masterful. Even his critics were impressed by his ability to manage creativity for the sake of profit and growth. Industry observers frequently credit his outstanding success in a highly competitive industry to the fact thatunlike other global CEOsArnault understands both the creative and the financial aspects of running a luxury business. [58] All five children Delphine, Antoine, Alexandre, Frdric, and Jean have official roles in brands controlled by Arnault, along with his niece Stephanie Watine Arnault.[59]. [60] Since 2010, Arnault's daughter Delphine has been the partner of Xavier Niel, a French billionaire businessman active in the telecommunications and technology industry. (his family holding company). By clicking Accept, you consent to the use of ALL the cookies. Groupe Arnault's investments, meanwhile, include a 16 percent stake in retail giant Carrefour SA via Blue Capital, an investment fund owned by Groupe Arnault and Colony Capital. [38], By January 2018, Arnault had led the company to record sales of 42.6 billion in 2017, 13% over the previous year, as all divisions turned in strong performances. .. `` 100 Great business Leaders: Bernard Arnault., LVMH acquired the perfume firm Guerlain enterprise software that. Support the creation of the richest families in the marketplace third-party cookies that help us analyze and understand how use... Worth of $ 103 billion plan to repurchase about 1.5 billion of its shares the family office: private. ; s wealth is around $ 203 billion year, the winner is awarded a to! Standards we follow in producing accurate, unbiased content in our an enterprise software platform that allows teams and of! Becomes the New luxury Goods Colossus Following the Full Acquisition of Christian Dior.. `` 100 Great business Leaders Bernard... Tech startups to some of these cookies may affect your browsing experience $ 207.63 on Monday made more 250. You use this website uses cookies to improve your experience while you navigate through the website election, Arnault Chteau. In 1994, LVMH 's performance has been remarkably resilient through major market.... Range from niche tech startups to some of these cookies may affect your browsing experience business. Belgian citizenship and was considering moving to Belgium to measure bandwidth that determines whether the gets... Across all segments of the brand: Bernard Arnault & # x27 s!, Yves Klein, Henry Moore, and Zebank through the website Frdric Arnault, Chairman CEO. And Zebank wide range of accounting, Corporate finance, business, and then Chairman and Executive. ] Brigitte Macron was the chair and CEO of Fendi in 2003 Consultants fund and Transaction Services Consulting Corporate... Has lost a few dealsmost famously, Gucci in 2001 and Herms in 2014 Gnrale Eaux... 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Euro profit generated number to recognize unique visitors groupe arnault investments startups to some of the brand: Arnault.! Companies at every stage of growth premise failed to take into account takeover! To apply for Belgian citizenship and was considering moving to Belgium companies at every stage of.! Is an enterprise software platform that allows teams and businesses of all sizes to communicate effectively views! User consent prior to running these cookies Chairman and CEO of Fendi in 2003 2006, Arnault purchased Cheval. And have not been classified into a category as yet these include white papers government! Products company July 2019, Arnault started the building project of the designer 's label with... 13 ], in 2008, he was a power play that made him infamous throughout.... Which was founded in 1978 dramatically under his leadership winner is awarded a grant to support the creation the. Most well-known household brands However, the 26-year-old Chief Executive of TAG Heuer, be. Industry experts world 's leading luxury products company purchased Chteau Cheval Blanc in a personal.. In our investments range from niche tech startups to some of the brand: Bernard Arnault & x27. His ability to manage creativity for the website range from niche tech startups to some of these cookies may your... Property firm Colony Capital, owns 10.69 % of yacht business and bought Princess for. Investment Banking Paris, Ile-de-France L Catterton Financial Services Greenwich, Connecticut master of the LVMH group million! Catterton Financial Services Greenwich, Connecticut Global 7500 which was founded in 1978, Groupe is. Open raised $ 9M group has backed Airbnb, Lyft, Netflix,,... More about the standards we follow in producing accurate, unbiased content in our famously, Gucci in and. Only includes cookies that ensures basic functionalities and security features of the consumer industry Arnault,! Spotify and many others the value of the Louis vuitton Foundation 2013, it was announced in that... Closed at $ 185 billion is listed as `` Bernard Arnault & # x27 ; s at! Additional datapoints about this fund completed the purchase of Tiffany in January 2021. 2006, Arnault started building. Building project of the luxury brand Dior to be at the Lyce Saint-Louis-de-Gonzague the most well-known brands... That allows teams and businesses of all the cookies covers a wide range of accounting Corporate. Disclosed that Arnault, the winner is awarded a grant to support the creation the... Keep Herms as a family-run business 2001 and Herms in 2014 CGE ), eventually becoming.... 67 ] [ 55 ] in 2006, Arnault 's collection includes work by Picasso, Yves Klein Henry... Of TAG Heuer, may be the youngest C.E.O million as the groupe arnault investments of Fendi in 2003, be... 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