They provide investments to early stage ventures, late stage ventures, private equity, and seed to these companies. [12] He then turned on Racamier, stripped him of his power, and ousted him from the board of directors. Bernard Arnault's and Arnaud Lagardere's financial companies issued a joint statement on Wednesday to say Arnault's investment unit Financiere Agache would hold around 27% of Lagardere Capital . [1][2] He is the founder, chairman, and chief executive officer of LVMH Mot Hennessy Louis Vuitton, the world's largest luxury goods company. You also have the option to opt-out of these cookies. Both have very long-term investment horizons. Michael Burke joined Groupe Arnault with responsibility for investments in the United States before becoming CEO of Christian Dior USA from 1986 to 1992, and then of Louis Vuitton North America from 1992 to 1997. (his family holding company). By 1976years ahead of the competition"Arnault was leading the move into a highly profitable, brand-new sector in real estate: building time-share properties. The cookie stores information anonymously and assigns a randomly generated number to recognize unique visitors. He began his professional career that year as an engineer with the Ferret-Savinel construction company and successively was promoted to various executive management positions before becoming Chairman in 1978. But opting out of some of these cookies may affect your browsing experience. He remained there until 1984 when he undertook the reorganization of the Financire Agache holding company. Arnault's children are all involved in group companies. Their most recent diversity investment was on May 11, 2017, when Spring raised $65M. 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. The 2019 Financial Times article also cited "first-mover advantage" as a driver of Arnaults remarkable track record, notably in China, where (he) is given a head of states welcome when he visits. The first Louis Vuitton in mainland China opened in Beijing in the basement of the Palace Hotel in 1992, just as market-economy reforms were kicking offand there was no hot water in the hotel and bicycles instead of cars on the roads, according to Arnault. We also calculated 4 valuable employees in our database. 6. To view Bernard Arnaults complete investments history, request access, To view Bernard Arnaults complete exits history, request access, To view Bernard Arnaults complete team members history, request access, Youre viewing 5 of 94 co-investors. L Catterton is a U.S.-headquartered private equity firm. Since Arnault's 1989 power play to take over LVMH made him infamous throughout Europe, industry observers have credited his outstanding success in a highly competitive industry to the fact that he understands both the creative and the financial aspects of running a luxury business. L Catterton is the culmination of a professional relationship that dates. 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. Groupe Arnault is a principal investment firm that looks to hold stake with companies that are owned by Mr. Bernard Arnault. Arnaud often cites an early visit to the U.S. as the first time he understood the true power of a luxury brand. Success of the Renault Group shareholding plan. [34] On 7 March 2013, National Business Daily reported that mid-priced clothing brand QDA would open stores with the assistance of Arnault's private equity firm LCapitalAsia and Chinese apparel company Xin Hee Co., Ltd. in Beijing. [35][36] In 2016, LVMH sold DKNY to G-III Apparel Group. In the latest twist of a saga involving well-known French businessmen and their personal loyalties, Arnault's investment vehicle Groupe Arnault said Thursday it has reinforced is holdings. The share buyback is expected to begin on Mar. Between 1998 and 2001, he invested money into a number of web companies through his holding company, Europatweb. [48] Arnault has promoted decisions towards decentralizing the group's brands as a business strategy. As per Insider, Arnault made $4.3 billion (Rs 35,439 crore) in a single day in January 2019 after LVMH shares surged 6.9%. Renault-Nissan-Mitsubishi Alliance open a new chapter for their partnership. In 2020, a New York Times article about the Tiffany acquisitionand Arnaults legendary ability to come out ahead in every dealquoted a luxury executive, who said, His approach is not unusual in the M&A gameits just unusual in this industry. Active, Closed, Tags are labels assigned to organizations, which identify their belonging to a group with that shared label, This describes the type of investor this organization is (e.g. By clicking Accept, you consent to the use of ALL the cookies. Slack is an enterprise software platform that allows teams and businesses of all sizes to communicate effectively. [10] He became the CEO of Financire Agache and subsequently won the bidding war for Boussac Saint-Frres, buying the group for a ceremonial one franc and effectively took control of Boussac Saint-Frres. In addition to a permanent collection donated from Arnaults and LVMHs art collections, the $127-million building will house the Louis Vuitton Foundation for Creation, a cultural institution with a mission to underline French creativity in the world., In 1989, when Arnault emerged victorious from his highly contentious takeover of LMVH, he was asked about his reputation as the wolf in cashmere. [9], With the help of Antoine Bernheim, a senior partner of Lazard Frres, Arnault acquired the Financire Agache, a luxury goods company. In 2019, LVMH partnered with pop star Rihanna to create a new fashion house, named Fenty, in Paris. 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. Bernard Arnault., Forbes. In his first role out of university, Arnault displayed the boldness and business acumen that would later make him famousincluding persuading his father to sell off the construction business and ramp up investment in real estate. OUR FIRM. This category only includes cookies that ensures basic functionalities and security features of the website. . Agla Ventures invests from 100K up to 100MM in asset light activities and fast growing tech Groupe Arnault SAS was founded in 1978 and is based in Paris, France. Angel, Fund of Funds, Venture Capital). Necessary cookies are absolutely essential for the website to function properly. https://www.lvmh.com/group/about-lvmh/governance/executive-committee/michael-burke/. Bernard Jean tienne Arnault (French:[bna etjn ano]; born 5 March 1949) is a French business magnate, investor, and art collector. 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. Group. Groupe Arnault SAS is a principal investment firm. In 2012 he was appointed CEO of Bulgari and then Chairman and CEO of Louis Vuitton. Discover Discover Portfolio. 08/11/2022. 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 For example, when Arnault automated production at Vuitton, he drove that venerable old brand to the top spot on Fashionistas list of the world's best-selling luxury brands in 2011, with a value of $24.3 billionmore than twice the amount of its nearest competitor. In 2013, it was disclosed that Arnault planned to apply for Belgian citizenship and was considering moving to Belgium. The Series A funding was led by Thrive Capital (an investment firm run by Josh Kushner), Group Arnault (led by LVMH CEO Bernard Arnault), and Box Group. His family is also considered one of the richest families in the world. We also use third-party cookies that help us analyze and understand how you use this website. As Chair and CEO of LVMH (Mot Hennessy Louis Vuitton SA), a luxury goods holding company, Bernard Arnault (born 1949) controls approximately 50% of a massive conglomerate that owns over 70 of the top luxury brands in the world, including Christian Dior, Louis Vuitton, Dom Perignon, Mot et Chandon, Hennessy, Sephora, and TAG Heuer. Mr Arnault, a . We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits. Vuitton Plans a Gehry-Designed Arts Center in Paris., Forbes. When Spring launched in the summer of 2015 it had 250 brand partners and a half million products. 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. [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. Their most recent investment was on Oct 20, 2021, when Open raised $9M. This category only includes cookies that ensures basic functionalities and security features of the website. The Life and Career of Bernard Arnault., The Financial Times. When he asked a New York City taxi driver what he knew of France, the man replied that, although he could not name the president, he knew Dior. The Perfect Paradox of Star Brands: An Interview with Bernard Arnault of LVMH., Google Books. [44] In late October 2020, Tiffany and LVMH agreed to the original takeover plan, though at a slightly reduced price of nearly $16 billion, a minor reduction of 2.6% from the aforementioned deal. The firm seeks to hold stake in companies. The deal was expected to close by June 2020. Greenwich, CT and Paris - January 5, 2016 - Catterton, the leading consumer-focused private equity firm, LVMH, the world leader in high-quality products, and Groupe Arnault, the family holding company of Bernard Arnault, announced today that they have entered into an agreement to create L Catterton. The venture was found in Europe in France. As he had done at Dior, he canceled licensing deals that he saw as damaging the branda strategy that became part of the Arnault playbook on dozens of luxury acquisitions over the next 30 years. The families would like to keep Herms as a family-run business. Arnault succeeded his father as CEO in 1977 and as Chairman in 1978, which gave him full control of the family business at the age of 29. Jobs was on the verge of launching the Apple Store. After the tumult of last year, in which Musk purchased Twitter . Today, Bernard Arnault has an estimated net worth of 185.8 billion. "Louis Vuitton Rises, Gucci Slips in Brand-Valuation Study. About. 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