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LVMH

October 10, 2019

Europa-Park founder Roland Mack measures success in succession, Grupo Bimbo spends dough on British bagels, Pinault and Arnault families give $330 million to Notre Dame restoration.

Europa-Park founder Roland Mack measures success in succession

The founder of Germany´s largest theme park has praised his family and hailed the importance of good governance and succession planning as he celebrates his 70th birthday this week.

July 19, 2019

Benetton and LVMH are the latest global family businesses to enhance their brands by touting their sustainability commitments, but family experts note the value-adds of marketing authenticity to millennials and reputational rehabilitation.

Benetton and LVMH are the latest global family businesses to enhance their brands by touting their sustainability commitments, but family experts note the value-adds of marketing authenticity to millennials and reputational rehabilitation.

From 2020, Benetton Group collections will be increasingly sustainable with the use of mono-fibre, organic cotton, natural fibres, cellulose-based labels, natural dyes and laser and ozone treatments.

May 22, 2019

JAB-owned Pret A Manger buys rival Eat, Jaguar Land Rover reports record $4.6 billion loss, and LVMH buys rosé producer Chateau du Goloupet.

JAB-owned Pret A Manger buys rival Eat

UK sandwich chain Pret A Manger has agreed to buy its rival Eat for an undisclosed fee to take advantage of the appetite for vegetarian and vegan foods.

Pret, owned by JAB Holding, said it plans to convert as many of the 94 Eat shops as possible to its new Veggie Pret concept in response to a demand for more vegan and vegetarian options on the high street.

April 16, 2019

Some of France’s best-known business families have pledged to donate €500 million to help reconstruct the Notre-Dame Cathedral after a devastating fire tore through the historic structure, causing significant damage.

Some of France’s best-known business families have pledged to donate €500 million to help reconstruct the Notre-Dame Cathedral after a devastating fire tore through the historic structure, causing significant damage.

In a statement on Twitter, the Arnault family, owners of luxury group LVMH headed by French billionaire Bernard Arnault, pledged €200 million ($226 million) to help with the restoration efforts.

December 21, 2018

LVMH’s $3.2 billion acquisition of luxury hotelier and travel operator Belmond is a major strategic turning point that will open up a whole new market for the world’s largest luxury company, one expert suggests.

LVMH’s $3.2 billion acquisition of luxury hotelier and travel operator Belmond is a major strategic turning point that will open up a whole new market for the world’s largest luxury company, one expert suggests.

LVMH (Moët Hennessy Louis Vuitton), owned by the Arnault family, has agreed to buy Belmond as it pushes into ‘experiental’ luxury.

September 21, 2018

LVMH next gen Frederic Arnault promoted, European anti-trust regulator probes family carmakers in ‘circle of five’, Family-owned Lego’s consumer reputation beats Google and Amazon.

LVMH next gen Frederic Arnault promoted

Frederic Arnault, the next gen of the world’s leading family-owned luxury products group, has been promoted as part of a restructure of leadership of the group’s wristwatch brands.

September 14, 2018

Moonves departure ends CBS/Viacom legal battle, Hermès share price rockets after strong half-year performance, and Grosvenor to build 30,000 homes by 2023.

Moonves departure ends CBS/Viacom legal battle

The long-running legal battle over the fate of US media groups CBS and Viacom has ended with the ousting of CBS chairman Les Moonves.

Moonves (68), a 24-year veteran of the US media companies controlled by the Redstone family, departed as chairman, president and chief executive following multiple allegations of sexual misconduct. He denies the allegations.

June 28, 2018

Food and hospitality is “the next business frontier” for Europe’s luxury fashion families, with Bulgari descendant and investor Francesco Trapani the latest to help himself to a side of Italy’s food industry.

Food and hospitality is “the next business frontier” for Europe’s luxury fashion families, with Bulgari descendant and investor Francesco Trapani the latest to help himself to a side of Italy’s food industry.

Trapani, who sold his family’s stake in jeweller Bulgari to LVMH in 2011 for €4.8 billion ($5.5 billion), has added Italian pizza chain Briscola and gelato maker Geloso to his portfolio, alongside the 5% stake he owns in Tiffany.

May 23, 2018

LG Group chairman dies, prominent Swedish families back ‘creative Davos’, LVMH-backed funds buys into Indian retailer

Transformational LG Group chairman Koo Bon-moo dies 

The influential chairman of South Korea’s LG Group, who helped transform the company into a technology heavyweight, has passed away after a battle with brain disease.

Third-generation leader Koo Bon-moo, 73, had been ill for a year, LG said in a statement, and had refused life support.

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