Latest Bernard Arnault News

France’s richest family shaking up soccer with planned purchase of second-tier Paris FC

Oct. 17, 2024 11:46 AM EDT

PARIS (AP) — France’s richest family, the Arnaults of luxury empire LVMH, announced the planned purchase of second-division soccer club Paris FC on Thursday and ambitions to establish it in the top flight. It’s a major shakeup for soccer in France, putting vast wealth behind a...

Kim Jones steps down as artistic director at Fendi to concentrate on his role at Dior Men's

Oct. 12, 2024 05:42 AM EDT

ROME (AP) — British designer Kim Jones is stepping down after four years from his role as artistic director of womenswear and couture at Fendi, parent fashion group LVMH announced late Friday. Jones, 45, succeeded the late Karl Lagerfeld in designing Fendi haute couture,...

Bernard Arnault has been dubbed the Olympics' godfather. Here's how he built LVMH's fortune

Jul. 23, 2024 09:51 AM EDT

PARIS (AP) — For decades, France’s LVMH has been the face of luxury for the wealthy who tote Louis Vuitton bags, don Christian Dior clothing, spritz Bulgari perfume and sip Veuve Clicquot Champagne. This week, the world's dominant luxury group — home to 75 high-end brands...