Bernard Arnault

Some of the key events about Bernard Arnault

• 1976

  Took over his father's construction company and transformed it into a real estate developer
• 1981

  Laid off 9,000 workers after acquiring Boussac Saint-Frères textile group
• 1984

  Acquired the bankrupt textile company Boussac, which owned Christian Dior
• 1984

  Acquired bankrupt fur company Agache-Willot, leading to significant job losses
• 1987

  Founded LVMH by merging Louis Vuitton with Moët Hennessy
• 1988

  Became chairman, CEO, and majority shareholder of LVMH
• 1990

  Faced criticism for aggressive business tactics in acquiring LVMH
• 1999

  Acquired Guerlain, expanding LVMH's presence in the perfume and cosmetics sector
• 1999

  Attempted hostile takeover of Gucci, leading to a protracted legal battle
• 2001

  Acquired Donna Karan International, further strengthening LVMH's fashion portfolio
• 2001

  Sued by shareholders for alleged stock manipulation during LVMH's acquisition of Gucci
• 2005

  Fined €1 million by French stock market regulator for share price manipulation
• 2011

  Acquired Bulgari, significantly expanding LVMH's presence in the jewelry market
• 2012

  Criticized for seeking Belgian citizenship, allegedly to avoid French wealth taxes
• 2017

  Announced a €2 billion investment in digital technology across LVMH's brands
• 2017

  Faced backlash for praising Donald Trump's economic policies
• 2019

  Acquired Tiffany & Co. for $16.2 billion, the largest deal in the luxury goods sector
• 2019

  Delayed donating to Notre-Dame restoration, initially pledging €200 million but later reducing it
• 2021

  Became the world's wealthiest person, surpassing Jeff Bezos
• 2022

  Briefly surpassed Elon Musk as world's richest person, drawing criticism about wealth inequality

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