Bernard Arnault: How France’s Richest Man Stays in Fashion

Last month, France’s richest man Bernard Arnault surpassed Inditex owner Amancio Ortega as the fourth richest person on the planet. With a net worth estimated at more than $80 billion, Arnault heads up French luxury goods conglomerate LVMH Moët Hennessy Louis Vuitton, which owns 70 companies ranging from fashion labels Louis Vuitton, Christian Dior and Fendi to Veuve Clicquot and Dom Pérignon. The powerful conglomerate builder maintains what CNBC calls “a fine balance between creativity and commerce.” In conjunction with Credit Suisse, CNBC looks at how Arnault he keeps his company at the height of fashion. Here are some of the key takeaways.

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The British Fashion Industry Sounds off on Brexit in New White Paper

Following from the June 2016 vote that the United Kingdom would leave the European Union and the UK government’s move to invoked Article 50 of the Treaty on the European Union (the start of the formal legal process by a member state of the European Union), there has been a great deal of speculation as to the impact that Brexit – as its been coined – will have on various industries. Speculation regarding the fashion industry has been particularly widespread, with some saying the exit, which is slated to occur in March 2019, poses a serious risk to the UK fashion industry, while others have been adamant that the end result may not be as catastrophic as the media suggests.

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