LVMH is one of France’s most valuable groups, and chairman Bernard Arnault is Europe’s richest man, yet the luxury baron insisted on Thursday at the annual shareholders meeting that it's really just a family affair.
Bernard Arnault’s eldest son, in charge of image and communication for the LVMH group, has bought a minority stake in Parisian restaurant Lapérouse, owned by Benjamin Patou’s Moma Group since last year.
Luxury giant LVMH will build a second eyewear factory in Italy with its partner Marcolin. Once fully operational, the factory will enable the group to produce over 4.5 million pairs of glasses per year.
Fashion designers, being ultimately artists, rarely have straight-line careers - one reason for the huge applause that greeted the culmination of the debut show of Aldo Maria Camillo in Florence on Thursday evening.