"Citroën Palace" in Paris sold. The new acquisition of the richest European
Bernard Arnault, the richest European and head of LVMH, has acquired the historic Citroën Palace in Paris, previously owned by a Saudi princess.
The Arnault family now holds more than 50% of the LVMH group
The Arnault family has surpassed the 50% ownership threshold of LVMH, further solidifying their control over the luxury goods giant.
LVMH Scores Points to Lead the Recovery of the Luxury Sector
Analysts anticipate that LVMH's initiatives, brand diversification, and improved demand from China will boost its business sector as luxury comes back into focus for investors.
Qatar-Arnault. The derby of the super-rich divides Paris
An exclusive derby unfolds in Paris between the wealthy owners of Paris Saint Germain and Paris Football Club, highlighting the divide between the Qatari investors and the LVMH magnate Bernard Arnault.