Bernard Jean Étienne Arnault (born 5 March 1949)
The life cycle 124875
Important years of life
wiki information https://en.wikipedia.org/wiki/Bernard_Arnault
After graduation, Arnault joined his father’s company, in 1971. In 1976, he convinced his father to liquidate the construction division of the company for 40 million French francs and to change the focus of the company to real estate. Using the name Férinel, the new company developed a specialty in holiday accommodation. Named the Director of Company Development in 1974, he became the CEO in 1977. In 1979, he succeeded his father as president of the company.
In 1984, with the help of Antoine Bernheim, a senior partner of Lazard Frères, Arnault acquired the Financière Agache, a luxury goods company. He became the CEO of Financière Agache and subsequently took control of Boussac Saint-Frères, a textile company in turmoil. Boussac owned Christian Dior, the department store Le Bon Marché, the retail shop Conforama, and the diapers manufacturer Peaudouce. He sold nearly all the company’s assets, keeping only the prestigious Christian Dior brand and Le Bon Marché department store
In July 1988, Arnault provided $1.5 billion to form a holding company with Guinness that held 24% of LVMH’s shares. In response to rumors that the Louis Vuitton group was buying LVMH’s stock to form a “blocking minority”, Arnault spent $600 million to buy 13.5% more of LVMH, making him LVMH’s first shareholder.
In July 1988, Arnault acquired Céline
In 1996, Arnault bought out Loewe…
From 1999 to 2003, he owned Phillips de Pury & Company, an art auction house, and bought out the first French auctioneer, Tajan
In 2008, he entered the yacht business and bought Princess Yachts for 253 million euros
Grand Officer of the Légion d’Honneur (14 July 2011)
The Woodrow Wilson Award for Global Corporate Citizenship (2011)
Arnault owned the 70 m (230 ft) converted research vessel Amadaeus, which was sold in late 2015. His current 101.5 m (333 ft) yacht Symphony was built in the Netherlands by Feadship and delivered in mid-2015.