Category: Arnault
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French AI startup backed by Arnault plans to raise more funds
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H, a French AI startup founded by experts at Google’s DeepMind AI lab and backed by billionaires including LVMH CEO Bernard Arnault, is gearing up for another funding round after announcing its first product. The Paris-based AI company is operating on less money than its competitors and will need to…
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Bernard Arnault forbids LVMH staff from talking to certain French media outlets
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Bernard Arnault and the LVMH empire are a force to be reckoned with in Europe and beyond. Now, the French media are bearing the brunt of the billionaire’s influence as Arnault looks to demonstrate his media power. Earlier this year, the billionaire sent a memo to employees banning them from…
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LVMH Chief Arnault owns stake in luxury rival Richemont, Bloomberg reports By Reuters
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ZURICH (Reuters) – French billionaire Bernard Arnault, Europe’s richest man and head of the high-end fashion division of champagne group LVMH, has bought a stake in smaller luxury goods rival Richemont, Bloomberg reported on Tuesday. The exact size of the Cartier jewelery owner’s shareholding and Arnault’s intentions are unclear, the…