Billionaire Bernard Arnault’s oldest son steps in as CEO of Christian Dior SE.
Also sharing his “pain and jealousy.”
“It’s not our objective to sell virtual sneakers for 10 euros.”
Bernard Arnault flexes like only one of the world’s richest men can.
Combined, they have a net worth of $1.39 trillion USD.
Attributed to LVMH’s recent financial successes.
L Catterton will pay €4 billion EUR for the previously family-owned business.
Alongside Louis Vuitton top executive, Anthony Ledru.
12 million people owe roughly $6,000 USD in back rent.
Taking $425 million USD off the original price.
The company is now forced to amend its debt agreements.
“Down 15% compared to the same period in 2019.”